JMID Fees and Costs — Janus Henderson Mid Cap Growth Alpha ETF
Data updated: 2026-09-25
The net expense ratio is 0.30%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $10K in broker commissions, 0.0502% of average net assets, and portfolio turnover was 213%.
JMID Fees and Expenses
Annual operating expenses and sales charges of JMID. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
JMID Costs Over Time
On $10,000 invested in JMID, assuming 5% a year before costs, total costs come to $222 over 5 years, cutting the return by 0.37% 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 0.30%) | $32 | $99 | $173 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $121 | $222 |
| Value after costs | $10,463 | $11,455 | $12,541 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
JMID 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): 0.0502%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $28.0M
- Portfolio turnover (prospectus): 213%
- Securities on loan, average value: $22K
- Net income from securities lending: $195 (0.001% of average net assets)
JMID Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Susquehanna Financial Group, LLLP | $5K | 50.81% |
| RBC Capital Markets, LLC | $5K | 48.11% |
| William Blair & Company, L.L.C. | $74 | 0.75% |
| Morgan Stanley & Co. LLC | $32 | 0.33% |
JMID Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $13.1M | 46.65% |
| RBC Capital Markets, LLC | $9.3M | 33.03% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $3.6M | 12.77% |
| BofA Securities, Inc. | $718K | 2.56% |
| J.P. Morgan Securities LLC | $700K | 2.50% |
| Goldman Sachs & Co. LLC | $700K | 2.49% |
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.