JGBAX Fees and Costs — Janus Henderson Global Bond Fund, Class A
Data updated: 2024-02-29
The net expense ratio is 0.98%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.70% other expenses, less a 0.57% fee waiver. This share class carries a maximum front-end sales load of 4.75%. In fiscal 2023 the fund paid $40K in broker commissions, 0.0243% of average net assets, and portfolio turnover was 79%.
JGBAX Fees and Expenses
Annual operating expenses and sales charges of JGBAX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.70% |
| Gross expense ratio | 1.55% |
| Fee waiver | −0.57% |
| Net expense ratio | 0.98% |
| 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 |
JGBAX Costs Over Time
On $10,000 invested in JGBAX, assuming 5% a year before costs, total costs come to $1,205 over 5 years, cutting the return by 2.06% 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 0.98%) | $98 | $306 | $530 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $24 | $90 | $186 |
| Total costs | $599 | $879 | $1,205 |
| Value after costs | $9,901 | $10,697 | $11,558 |
| Impact on return, per year | 5.99% | 2.73% | 2.06% |
JGBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0243%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $238.4M
- Portfolio turnover (prospectus): 79%
- Securities on loan, average value: $122K
- Net income from securities lending: $2K (0.001% of average net assets)
JGBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $14K | 34.43% |
| Goldman Sachs & Co. LLC | $7K | 17.88% |
| Barclays Capital Inc. | $7K | 17.05% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $5K | 13.45% |
| JP Morgan Securities LLC | $3K | 7.58% |
| UBS Securities LLC | $2K | 5.81% |
| BNP Paribas Securities Corp. | $2K | 3.79% |
JGBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JP Morgan Securities LLC | $35.1M | 20.97% |
| BNP Paribas Securities Corp. | $22.9M | 13.69% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $22.3M | 13.32% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $20.3M | 12.11% |
| Citigroup Global Markets Inc. | $19.5M | 11.67% |
| Morgan Stanley | $11.5M | 6.86% |
| Goldman Sachs & Co. LLC | $10.6M | 6.35% |
| RBC Capital Markets, LLC | $9.1M | 5.44% |
| CITADEL SECURITIES LLC | $8.8M | 5.28% |
| HSBC Securities (USA) Inc. | $7.2M | 4.30% |
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.