JERIX Fees and Costs — Janus Henderson Global Real Estate Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 0.74%: a 0.51% management fee plus 0.23% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $464K in broker commissions, 0.1079% of average net assets, and portfolio turnover was 61%.
JERIX Fees and Expenses
Annual operating expenses and sales charges of JERIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.74% |
| Fee waiver | — |
| Net expense ratio | 0.74% |
| 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 |
JERIX Costs Over Time
On $10,000 invested in JERIX, 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 0.74%) | $78 | $243 | $422 |
| Trading costs (broker commissions) | $11 | $35 | $61 |
| 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% |
JERIX 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): 0.1079%
- Total broker commissions: $464K
- Bought from dealers (principal trades, not a cost): $17.7M
- Portfolio turnover (prospectus): 61%
- Securities on loan, average value: $2.6M
- Net income from securities lending: $13K (0.003% of average net assets)
JERIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JP Morgan Securities LLC | $87K | 23.11% |
| Jefferies LLC | $61K | 16.28% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $53K | 14.16% |
| Morgan Stanley | $49K | 13.03% |
| Goldman Sachs & Co. LLC | $32K | 8.44% |
| RBC Capital Markets, LLC | $23K | 5.97% |
| UBS Securities LLC | $22K | 5.90% |
| Wells Fargo Securities, LLC | $22K | 5.87% |
| Cowen and Company | $16K | 4.15% |
| Liquidnet, Inc. | $12K | 3.09% |
JERIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $13.6M | 76.68% |
| KEMPEN & CO | $1.8M | 10.04% |
| BNP Paribas Securities Corp. | $1.4M | 7.64% |
| JP Morgan Securities LLC | $998K | 5.63% |
Janus Henderson Global Real Estate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JERNX | Class N | 0.65% | none |
| JERIX | Class I | 0.74% | none |
| JNGSX | Class D | 0.81% | — |
| JERTX | Class T | 0.89% | none |
| JERAX | Class A | 0.99% | 5.75% |
| JERSX | Class S | 1.17% | none |
| JERCX | Class C | 1.78% | 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.