JOLIX Fees and Costs — Janus Henderson Emerging Markets Managed Volatility Fund, Class I
Data updated: 2022-05-31
The net expense ratio is 1.01%: a 0.95% management fee plus 5.84% other expenses, less a 5.78% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $13K in broker commissions, 0.2222% of average net assets, and portfolio turnover was 198%.
JOLIX Fees and Expenses
Annual operating expenses and sales charges of JOLIX. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.00% |
| Other expenses | 5.84% |
| Gross expense ratio | 6.79% |
| Fee waiver | −5.78% |
| Net expense ratio | 1.01% |
| 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 |
JOLIX Costs Over Time
On $10,000 invested in JOLIX, assuming 5% a year before costs, total costs come to $767 over 5 years, cutting the return by 1.29% 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 1.01%) | $106 | $330 | $571 |
| Trading costs (broker commissions) | $23 | $73 | $126 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $129 | $423 | $767 |
| Value after costs | $10,371 | $11,154 | $11,996 |
| Impact on return, per year | 1.29% | 1.29% | 1.29% |
JOLIX 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)
JOLIX 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.