JISCX Fees and Costs — Janus Henderson Small Cap Value Fund, Class S
Data updated: 2026-09-14
The net expense ratio is 1.49%: a 0.92% management fee, a 0.25% 12b-1 fee plus 0.32% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $792K in broker commissions, 0.0647% of average net assets, and portfolio turnover was 37%.
JISCX Fees and Expenses
Annual operating expenses and sales charges of JISCX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.92% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.49% |
| Fee waiver | — |
| Net expense ratio | 1.49% |
| 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 |
JISCX Costs Over Time
On $10,000 invested in JISCX, assuming 5% a year before costs, total costs come to $962 over 5 years, cutting the return by 1.63% 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 1.49%) | $156 | $485 | $837 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $25 | $89 |
| Total costs | $163 | $532 | $962 |
| Value after costs | $10,337 | $11,045 | $11,801 |
| Impact on return, per year | 1.63% | 1.63% | 1.63% |
JISCX 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): 0.0647%
- Total broker commissions: $792K
- Bought from dealers (principal trades, not a cost): $5.0B
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
JISCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $171K | 27.99% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $91K | 14.87% |
| J.P. Morgan Securities LLC | $57K | 9.42% |
| Morgan Stanley & Co. LLC | $50K | 8.16% |
| TD SECURITIES (USA) LLC | $49K | 8.00% |
| Citigroup Global Markets Inc. | $46K | 7.56% |
| Goldman Sachs & Co. LLC | $45K | 7.39% |
| Liquidnet, Inc. | $40K | 6.56% |
| Proof Services LLC | $32K | 5.32% |
| Raymond James & Associates, Inc. | $29K | 4.73% |
JISCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $2.7B | 53.46% |
| ING Financial Markets LLC | $2.3B | 46.34% |
| Morgan Stanley & Co. LLC | $5.1M | 0.10% |
| BofA Securities, Inc. | $3.5M | 0.07% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $1.1M | 0.02% |
| Piper Sandler & Co. | $321K | 0.01% |
Janus Henderson Small Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JDSNX | Class N | 0.98% | none |
| JNPSX | Class D | 1.12% | — |
| JSCOX | Class I | 1.12% | none |
| JSIVX | Class L | 1.18% | — |
| JSCVX | Class T | 1.23% | none |
| JDSAX | Class A | 1.46% | 5.75% |
| JISCX | Class S | 1.49% | none |
| JDSRX | Class R | 1.73% | none |
| JCSCX | Class C | 2.08% | 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.