JOLAX Fees and Costs — Janus Henderson Emerging Markets Managed Volatility Fund, Class A
Data updated: 2022-05-31
The net expense ratio is 1.30%: a 0.95% management fee, a 0.25% 12b-1 fee plus 15.47% other expenses, less a 15.37% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2021 the fund paid $13K in broker commissions, 0.2222% of average net assets, and portfolio turnover was 198%.
JOLAX Fees and Expenses
Annual operating expenses and sales charges of JOLAX. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.25% |
| Other expenses | 15.47% |
| Gross expense ratio | 16.67% |
| Fee waiver | −15.37% |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
JOLAX Costs Over Time
On $10,000 invested in JOLAX, assuming 5% a year before costs, total costs come to $1,622 over 5 years, cutting the return by 2.82% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.30%) | $129 | $399 | $689 |
| Trading costs (broker commissions) | $22 | $68 | $118 |
| Lost growth on money paid in costs | $29 | $114 | $241 |
| Total costs | $754 | $1,156 | $1,622 |
| Value after costs | $9,746 | $10,420 | $11,141 |
| Impact on return, per year | 7.54% | 3.62% | 2.82% |
JOLAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.2222%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 198%
- Securities on loan, average value: $12K
- Net income from securities lending: $60 (0.001% of average net assets)
JOLAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $4K | 32.72% |
| SG AMERICAS SECURITIES, LLC | $3K | 22.51% |
| UBS Securities LLC | $1K | 11.20% |
| Morgan Stanley | $1K | 9.51% |
| Credit Suisse Securities (USA) LLC | $1K | 8.17% |
| JP Morgan Securities LLC | $670 | 5.28% |
| Macquarie Capital (USA) Inc. | $546 | 4.30% |
| Nomura Securities International, Inc. | $451 | 3.55% |
| Piper Jaffray & Co. | $324 | 2.55% |
| Guzman & Company | $27 | 0.21% |
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.