JEMB Fees and Costs — Janus Henderson Emerging Markets Debt Hard Currency ETF
Data updated: 2026-09-25
The net expense ratio is 0.52%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.0044% of average net assets, and portfolio turnover was 53%.
JEMB Fees and Expenses
Annual operating expenses and sales charges of JEMB. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.52% |
| Fee waiver | — |
| Net expense ratio | 0.52% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
JEMB Costs Over Time
On $10,000 invested in JEMB, assuming 5% a year before costs, total costs come to $331 over 5 years, cutting the return by 0.55% 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 0.52%) | $55 | $171 | $298 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $0 | $9 | $30 |
| Total costs | $55 | $181 | $331 |
| Value after costs | $10,445 | $11,395 | $12,432 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
JEMB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0044%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 53%
- Securities on loan, average value: $0
- Net income from securities lending: $1 (0.000% of average net assets)
JEMB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Liquidnet, Inc. | $7K | 51.78% |
| UBS Securities LLC | $3K | 23.81% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $2K | 11.91% |
| RBC Capital Markets, LLC | $1K | 10.09% |
| Citigroup Global Markets Inc. | $121 | 0.95% |
| Goldman Sachs & Co. LLC | $99 | 0.78% |
| Barclays Capital, Inc. | $79 | 0.62% |
| Morgan Stanley & Co. LLC | $7 | 0.06% |
JEMB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $816.3M | 72.04% |
| Goldman Sachs & Co. LLC | $121.0M | 10.68% |
| Citigroup Global Markets Inc. | $49.2M | 4.34% |
| Morgan Stanley & Co. LLC | $34.6M | 3.05% |
| Jane Street Execution Services, LLC | $32.6M | 2.87% |
| Barclays Capital, Inc. | $28.3M | 2.50% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $14.9M | 1.31% |
| HSBC Securities (USA) Inc. | $14.5M | 1.28% |
| Deutsche Bank Securities Inc. | $12.4M | 1.09% |
| SANTANDER INVESTMENT S.A. | $9.4M | 0.83% |
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.