JLQD Fees and Costs — Janus Henderson Corporate Bond ETF
Data updated: 2026-09-25
The net expense ratio is 0.20% (0.52% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0149% of average net assets, and portfolio turnover was 185%.
JLQD Fees and Expenses
Annual operating expenses and sales charges of JLQD. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.52% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.20% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JLQD Costs Over Time
On $10,000 invested in JLQD, assuming 5% a year before costs, total costs come to $137 over 5 years, cutting the return by 0.23% 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 0.20%) | $21 | $66 | $116 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $23 | $74 | $137 |
| Value after costs | $10,477 | $11,502 | $12,626 |
| Impact on return, per year | 0.23% | 0.23% | 0.23% |
JLQD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0149%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $188.7M
- Portfolio turnover (prospectus): 185%
- Securities on loan, average value: $469K
- Net income from securities lending: $695 (0.002% of average net assets)
JLQD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2K | 40.10% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $733 | 17.67% |
| Morgan Stanley & Co. LLC | $419 | 10.10% |
| Deutsche Bank Securities Inc. | $340 | 8.19% |
| Barclays Capital, Inc. | $322 | 7.76% |
| UBS Securities LLC | $305 | 7.34% |
| Citigroup Global Markets Inc. | $157 | 3.79% |
| Jane Street Execution Services, LLC | $107 | 2.57% |
| Virtu Americas LLC | $69 | 1.65% |
| RBC Capital Markets, LLC | $34 | 0.82% |
JLQD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $97.4M | 59.99% |
| Jane Street Execution Services, LLC | $14.7M | 9.03% |
| Goldman Sachs & Co. LLC | $12.8M | 7.90% |
| Morgan Stanley & Co. LLC | $10.9M | 6.70% |
| Barclays Capital, Inc. | $6.8M | 4.19% |
| Citigroup Global Markets Inc. | $6.4M | 3.95% |
| BofA Securities, Inc. | $4.1M | 2.54% |
| MarketAxess Corporation | $3.2M | 1.98% |
| BNP Paribas Securities Corp. | $3.0M | 1.86% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $3.0M | 1.86% |
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.