JDPNX Fees and Costs — Janus Henderson Mid Cap Value Fund, Class N
Data updated: 2026-09-14
The net expense ratio is 0.81%: a 0.78% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $759K in broker commissions, 0.0382% of average net assets, and portfolio turnover was 40%.
JDPNX Fees and Expenses
Annual operating expenses and sales charges of JDPNX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.81% |
| Fee waiver | — |
| Net expense ratio | 0.81% |
| 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 |
JDPNX Costs Over Time
On $10,000 invested in JDPNX, assuming 5% a year before costs, total costs come to $532 over 5 years, cutting the return by 0.89% 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 |
| Fund expenses (net expense ratio 0.81%) | $85 | $266 | $462 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $292 | $532 |
| Value after costs | $10,411 | $11,284 | $12,231 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
JDPNX 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): 0.0382%
- Total broker commissions: $759K
- Bought from dealers (principal trades, not a cost): $10.9B
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
JDPNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $115K | 20.27% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $94K | 16.49% |
| Goldman Sachs & Co. LLC | $61K | 10.68% |
| J.P. Morgan Securities LLC | $56K | 9.81% |
| Liquidnet, Inc. | $55K | 9.70% |
| Citigroup Global Markets Inc. | $46K | 8.04% |
| Raymond James & Associates, Inc. | $42K | 7.38% |
| TD SECURITIES (USA) LLC | $34K | 6.06% |
| Morgan Stanley & Co. LLC | $34K | 6.01% |
| UBS Securities LLC | $32K | 5.56% |
JDPNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $5.7B | 51.95% |
| ING Financial Markets LLC | $5.2B | 47.95% |
| J.P. Morgan Securities LLC | $9.3M | 0.08% |
| Morgan Stanley & Co. LLC | $2.0M | 0.02% |
Janus Henderson Mid Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JDPNX | Class N | 0.81% | none |
| JMIVX | Class L | 0.81% | — |
| JMVAX | Class I | 0.91% | none |
| JNMCX | Class D | 0.94% | — |
| JMCVX | Class T | 1.06% | none |
| JDPAX | Class A | 1.20% | 5.75% |
| JMVIX | Class S | 1.32% | none |
| JDPRX | Class R | 1.57% | none |
| JMVCX | Class C | 1.94% | 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.