JARTX Fees and Costs — Janus Henderson Forty Fund, Class S
Data updated: 2026-08-26
The net expense ratio is 1.05%: a 0.54% management fee, a 0.25% 12b-1 fee plus 0.26% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $3.8M in broker commissions, 0.0193% of average net assets, and portfolio turnover was 33%.
JARTX Fees and Expenses
Annual operating expenses and sales charges of JARTX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.54% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.05% |
| Fee waiver | — |
| Net expense ratio | 1.05% |
| 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 |
JARTX Costs Over Time
On $10,000 invested in JARTX, assuming 5% a year before costs, total costs come to $668 over 5 years, cutting the return by 1.12% 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 1.05%) | $110 | $344 | $596 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $367 | $668 |
| Value after costs | $10,388 | $11,209 | $12,095 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
JARTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0193%
- Total broker commissions: $3.8M
- Bought from dealers (principal trades, not a cost): $156.8M
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $885K
- Net income from securities lending: $33K (0.000% of average net assets)
JARTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $642K | 19.46% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $582K | 17.63% |
| Goldman Sachs & Co. LLC | $539K | 16.34% |
| Jefferies LLC | $355K | 10.77% |
| Citigroup Global Markets Inc. | $332K | 10.07% |
| JP Morgan Securities LLC | $265K | 8.04% |
| UBS Securities LLC | $208K | 6.29% |
| Barclays Capital Inc. | $142K | 4.31% |
| Liquidnet, Inc. | $123K | 3.73% |
| RBC Capital Markets, LLC | $111K | 3.37% |
JARTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $156.8M | 100.00% |
Janus Henderson Forty Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JFRNX | Class N | 0.56% | none |
| JCAPX | Class I | 0.64% | none |
| JFRDX | Class D | 0.67% | — |
| JACTX | Class T | 0.80% | none |
| JDCAX | Class A | 0.88% | 5.75% |
| JARTX | Class S | 1.05% | none |
| JDCRX | Class R | 1.31% | none |
| JACCX | Class C | 1.64% | none |
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.