JGBIX Fees and Costs — Janus Henderson Global Bond Fund, Class I
Data updated: 2024-02-29
The net expense ratio is 0.71%: a 0.60% management fee plus 0.35% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $40K in broker commissions, 0.0243% of average net assets, and portfolio turnover was 79%.
JGBIX Fees and Expenses
Annual operating expenses and sales charges of JGBIX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.71% |
| 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 |
JGBIX Costs Over Time
On $10,000 invested in JGBIX, assuming 5% a year before costs, total costs come to $462 over 5 years, cutting the return by 0.77% 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 0.71%) | $75 | $233 | $406 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $253 | $462 |
| Value after costs | $10,423 | $11,323 | $12,301 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
JGBIX 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)
JGBIX 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% |
JGBIX 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.