JMTNX Fees and Costs — Janus Henderson Multi-Sector Income Fund, Class N
Data updated: 2026-09-14
The net expense ratio is 0.58% (0.60% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $378K in broker commissions, 0.0058% of average net assets, and portfolio turnover was 71%.
JMTNX Fees and Expenses
Annual operating expenses and sales charges of JMTNX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.60% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.58% |
| 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 |
JMTNX Costs Over Time
On $10,000 invested in JMTNX, assuming 5% a year before costs, total costs come to $369 over 5 years, cutting the return by 0.62% 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 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $202 | $369 |
| Value after costs | $10,438 | $11,374 | $12,393 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
JMTNX 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): 0.0058%
- Total broker commissions: $378K
- Bought from dealers (principal trades, not a cost): $18.0B
- Portfolio turnover (prospectus): 71%
- Securities on loan, average value: $77.5M
- Net income from securities lending: $760K (0.012% of average net assets)
JMTNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $211K | 60.18% |
| UBS Securities LLC | $53K | 15.03% |
| Citigroup Global Markets Inc. | $33K | 9.34% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $14K | 4.04% |
| Deutsche Bank Securities Inc. | $11K | 3.26% |
| TD SECURITIES (USA) LLC | $10K | 2.88% |
| Morgan Stanley & Co. LLC | $6K | 1.75% |
| Liquidnet, Inc. | $4K | 1.27% |
| J.P. Morgan Securities LLC | $4K | 1.19% |
| CIBC World Markets Corp. | $4K | 1.07% |
JMTNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $3.0B | 19.39% |
| Morgan Stanley & Co. LLC | $3.0B | 19.38% |
| Goldman Sachs & Co. LLC | $2.2B | 14.57% |
| Citigroup Global Markets Inc. | $1.9B | 12.27% |
| Wells Fargo Securities, LLC | $1.8B | 11.83% |
| BofA Securities, Inc. | $1.1B | 7.33% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $896.2M | 5.83% |
| Barclays Capital, Inc. | $796.0M | 5.18% |
| RBC Capital Markets, LLC | $339.6M | 2.21% |
| Jefferies LLC | $309.3M | 2.01% |
Janus Henderson Multi-Sector Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JMTNX | Class N | 0.58% | none |
| JMUIX | Class I | 0.67% | none |
| JMUDX | Class D | 0.70% | — |
| JMUTX | Class T | 0.82% | none |
| JMUAX | Class A | 0.88% | 4.75% |
| JMUSX | Class S | 1.14% | none |
| JMUCX | Class C | 1.65% | 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.