JDFAX Fees and Costs — Janus Henderson Flexible Bond Fund, Class A
Data updated: 2026-09-14
The net expense ratio is 0.83%: a 0.41% management fee, a 0.25% 12b-1 fee plus 0.22% other expenses, less a 0.05% fee waiver. This share class carries a maximum front-end sales load of 4.75%. In fiscal 2026 the fund paid $140K in broker commissions, 0.0052% of average net assets, and portfolio turnover was 153%.
JDFAX Fees and Expenses
Annual operating expenses and sales charges of JDFAX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.41% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.88% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.83% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| 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 |
JDFAX Costs Over Time
On $10,000 invested in JDFAX, assuming 5% a year before costs, total costs come to $1,105 over 5 years, cutting the return by 1.89% 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 |
| Sales charges | $475 | $475 | $475 |
| Fund expenses (net expense ratio 0.83%) | $83 | $259 | $451 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $24 | $88 | $177 |
| Total costs | $582 | $824 | $1,105 |
| Value after costs | $9,918 | $10,752 | $11,657 |
| Impact on return, per year | 5.82% | 2.55% | 1.89% |
JDFAX 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): 0.0052%
- Total broker commissions: $140K
- Bought from dealers (principal trades, not a cost): $11.4B
- Portfolio turnover (prospectus): 153%
- Securities on loan, average value: $2.1M
- Net income from securities lending: $176K (0.006% of average net assets)
JDFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $63K | 44.90% |
| UBS Securities LLC | $29K | 20.58% |
| Citigroup Global Markets Inc. | $26K | 18.85% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $9K | 6.73% |
| Deutsche Bank Securities Inc. | $6K | 3.95% |
| Morgan Stanley & Co. LLC | $3K | 2.14% |
| Virtu Americas LLC | $3K | 1.85% |
| Barclays Capital, Inc. | $1K | 0.98% |
JDFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $2.2B | 21.87% |
| J.P. Morgan Securities LLC | $2.0B | 20.21% |
| Wells Fargo Securities, LLC | $1.8B | 18.00% |
| Morgan Stanley & Co. LLC | $882.5M | 8.78% |
| Goldman Sachs & Co. LLC | $811.3M | 8.07% |
| Citigroup Global Markets Inc. | $675.4M | 6.72% |
| Barclays Capital, Inc. | $645.8M | 6.43% |
| TD SECURITIES (USA) LLC | $481.6M | 4.79% |
| Citadel Securities LLC | $302.7M | 3.01% |
| Bank of Montreal | $211.4M | 2.10% |
Janus Henderson Flexible Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JDFNX | Class N | 0.40% | none |
| JFLEX | Class I | 0.48% | none |
| JANFX | Class D | 0.53% | — |
| JAFIX | Class T | 0.65% | none |
| JDFAX | Class A | 0.83% | 4.75% |
| JADFX | Class S | 0.90% | none |
| JDFRX | Class R | 1.15% | none |
| JFICX | Class C | 1.47% | 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.