JHYAX Fees and Costs — Janus Henderson High-Yield Fund, Class A
Data updated: 2026-09-14
The net expense ratio is 0.94%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.14% other expenses, less a 0.05% fee waiver. This share class carries a maximum front-end sales load of 4.75%. In fiscal 2026 the fund paid $63K in broker commissions, 0.0093% of average net assets, and portfolio turnover was 127%.
JHYAX Fees and Expenses
Annual operating expenses and sales charges of JHYAX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.99% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.94% |
| 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 |
JHYAX Costs Over Time
On $10,000 invested in JHYAX, assuming 5% a year before costs, total costs come to $1,172 over 5 years, cutting the return by 2.00% 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 0.94%) | $94 | $293 | $509 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $24 | $90 | $183 |
| Total costs | $594 | $861 | $1,172 |
| Value after costs | $9,906 | $10,715 | $11,590 |
| Impact on return, per year | 5.94% | 2.67% | 2.00% |
JHYAX 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): 0.0093%
- Total broker commissions: $63K
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 127%
- Securities on loan, average value: $21.1M
- Net income from securities lending: $260K (0.039% of average net assets)
JHYAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $13K | 26.88% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $8K | 16.72% |
| J.P. Morgan Securities LLC | $5K | 10.37% |
| Citigroup Global Markets Inc. | $4K | 8.85% |
| UBS Securities LLC | $4K | 7.60% |
| Jefferies LLC | $3K | 6.90% |
| Cantor Fitzgerald & Co. | $3K | 6.67% |
| Virtu Americas LLC | $3K | 5.59% |
| Wells Fargo Securities, LLC | $3K | 5.30% |
| Morgan Stanley & Co. LLC | $2K | 5.12% |
JHYAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $377.3M | 23.64% |
| Goldman Sachs & Co. LLC | $210.1M | 13.17% |
| Morgan Stanley & Co. LLC | $202.6M | 12.69% |
| Citigroup Global Markets Inc. | $160.1M | 10.03% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $156.0M | 9.78% |
| Wells Fargo Securities, LLC | $147.1M | 9.22% |
| UBS Securities LLC | $100.7M | 6.31% |
| Barclays Capital, Inc. | $89.2M | 5.59% |
| Jefferies LLC | $81.2M | 5.09% |
| RBC Capital Markets, LLC | $71.6M | 4.49% |
Janus Henderson High-Yield Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JHYNX | Class N | 0.63% | none |
| JHYFX | Class I | 0.73% | none |
| JNHYX | Class D | 0.75% | — |
| JAHYX | Class T | 0.88% | none |
| JHYAX | Class A | 0.94% | 4.75% |
| JDHYX | Class S | 1.14% | none |
| JHYRX | Class R | 1.38% | none |
| JDHCX | Class C | 1.70% | 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.