JMGRX Fees and Costs — Janus Henderson Enterprise Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 0.76%: a 0.64% management fee plus 0.12% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $2.7M in broker commissions, 0.0135% of average net assets, and portfolio turnover was 17%.
JMGRX Fees and Expenses
Annual operating expenses and sales charges of JMGRX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.76% |
| Fee waiver | — |
| Net expense ratio | 0.76% |
| 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 |
JMGRX Costs Over Time
On $10,000 invested in JMGRX, assuming 5% a year before costs, total costs come to $486 over 5 years, cutting the return by 0.81% 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 0.76%) | $80 | $250 | $434 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $13 | $44 |
| Total costs | $81 | $267 | $486 |
| Value after costs | $10,419 | $11,310 | $12,277 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
JMGRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0135%
- Total broker commissions: $2.7M
- Bought from dealers (principal trades, not a cost): $168.5M
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $28.7M
- Net income from securities lending: $119K (0.001% of average net assets)
JMGRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $374K | 17.54% |
| JP Morgan Securities LLC | $333K | 15.61% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $330K | 15.46% |
| Jefferies LLC | $281K | 13.19% |
| Morgan Stanley | $182K | 8.56% |
| Liquidnet, Inc. | $147K | 6.88% |
| UBS Securities LLC | $139K | 6.52% |
| Cowen and Company | $127K | 5.94% |
| Wells Fargo Securities, LLC | $125K | 5.85% |
| RBC Capital Markets, LLC | $95K | 4.46% |
JMGRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $58.4M | 34.69% |
| Morgan Stanley | $46.5M | 27.61% |
| UBS Securities LLC | $29.6M | 17.55% |
| Goldman Sachs & Co. LLC | $23.9M | 14.20% |
| Citigroup Global Markets Inc. | $10.0M | 5.96% |
Janus Henderson Enterprise Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JDMNX | Class N | 0.66% | none |
| JMGRX | Class I | 0.76% | none |
| JANEX | Class D | 0.79% | — |
| JAENX | Class T | 0.91% | none |
| JDMAX | Class A | 1.14% | 5.75% |
| JGRTX | Class S | 1.16% | none |
| JDMRX | Class R | 1.41% | none |
| JGRCX | Class C | 1.76% | 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.