JCASX Fees and Costs — Janus Henderson Global Allocation Fund - Conservative, Class S
Data updated: 2026-09-14
The net expense ratio is 1.11% (1.16% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $7K in broker commissions, 0.0048% of average net assets, and portfolio turnover was 47%.
JCASX Fees and Expenses
Annual operating expenses and sales charges of JCASX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.41% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.11% |
| 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 |
JCASX Costs Over Time
On $10,000 invested in JCASX, assuming 5% a year before costs, total costs come to $696 over 5 years, cutting the return by 1.17% 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 1.11%) | $117 | $363 | $629 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $383 | $696 |
| Value after costs | $10,383 | $11,193 | $12,067 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
JCASX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0048%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $21.1M
- Portfolio turnover (prospectus): 47%
- Securities lending: none during the year
JCASX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SUSQUEHANNA SECURITIES, LLC | $3K | 46.67% |
| Jane Street Execution Services, LLC | $1K | 18.34% |
| Jane Street Capital, LLC | $920 | 13.65% |
| Virtu Americas LLC | $737 | 10.94% |
| Goldman Sachs & Co. LLC | $199 | 2.95% |
| RBC Capital Markets, LLC | $198 | 2.94% |
| Citigroup Global Markets Inc. | $157 | 2.33% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $129 | 1.92% |
| BofA Securities, Inc. | $17 | 0.25% |
| Jefferies LLC | $2 | 0.03% |
JCASX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Depository Trust Company | $15.5M | 73.49% |
| J.P. Morgan Securities LLC | $5.6M | 26.43% |
| Goldman Sachs & Co. LLC | $17K | 0.08% |
Janus Henderson Global Allocation Fund - Conservative Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JMSCX | Class D | 0.71% | — |
| JCAIX | Class I | 0.72% | none |
| JSPCX | Class T | 0.84% | none |
| JCAAX | Class A | 0.94% | 5.75% |
| JCASX | Class S | 1.11% | none |
| JCACX | Class C | 1.68% | 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.