JAQIX Fees and Costs — Janus Henderson Asia Equity Fund, Class I
Data updated: 2024-08-29
The net expense ratio is 0.86%: a 0.73% management fee plus 1.79% other expenses, less a 1.67% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $61K in broker commissions, 0.2268% of average net assets, and portfolio turnover was 106%.
JAQIX Fees and Expenses
Annual operating expenses and sales charges of JAQIX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.73% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.79% |
| Gross expense ratio | 2.53% |
| Fee waiver | −1.67% |
| Net expense ratio | 0.86% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JAQIX Costs Over Time
On $10,000 invested in JAQIX, assuming 5% a year before costs, total costs come to $679 over 5 years, cutting the return by 1.14% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.86%) | $90 | $281 | $488 |
| Trading costs (broker commissions) | $24 | $74 | $129 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $114 | $373 | $679 |
| Value after costs | $10,386 | $11,203 | $12,084 |
| Impact on return, per year | 1.14% | 1.14% | 1.14% |
JAQIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.2268%
- Total broker commissions: $61K
- Bought from dealers (principal trades, not a cost): $70K
- Portfolio turnover (prospectus): 106%
- Securities on loan, average value: $160K
- Net income from securities lending: $3K (0.011% of average net assets)
JAQIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $8K | 14.28% |
| CLSA Americas, LLC | $7K | 12.27% |
| CHINA INTL CAP CORP (CICC) | $7K | 12.22% |
| Macquarie Capital (USA) Inc. | $6K | 10.20% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $5K | 9.95% |
| Citigroup Global Markets Inc. | $5K | 9.66% |
| Morgan Stanley | $5K | 9.49% |
| JP Morgan Securities LLC | $5K | 8.65% |
| UBS Securities LLC | $5K | 8.59% |
| Nomura Securities International, Inc. | $3K | 4.69% |
JAQIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $70K | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.