JORIX Fees and Costs — Janus Henderson Global Select Fund, Class S
Data updated: 2026-08-26
The net expense ratio is 1.32%: a 0.64% management fee, a 0.25% 12b-1 fee plus 1.56% other expenses, less a 1.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $1.2M in broker commissions, 0.0454% of average net assets, and portfolio turnover was 48%.
JORIX Fees and Expenses
Annual operating expenses and sales charges of JORIX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.64% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.56% |
| Gross expense ratio | 2.45% |
| Fee waiver | −1.13% |
| Net expense ratio | 1.32% |
| 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 |
JORIX Costs Over Time
On $10,000 invested in JORIX, assuming 5% a year before costs, total costs come to $848 over 5 years, cutting the return by 1.43% 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 1.32%) | $139 | $431 | $744 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $22 | $78 |
| Total costs | $143 | $468 | $848 |
| Value after costs | $10,357 | $11,109 | $11,915 |
| Impact on return, per year | 1.43% | 1.43% | 1.43% |
JORIX 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): 0.0454%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): $32.7M
- Portfolio turnover (prospectus): 48%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $28K (0.001% of average net assets)
JORIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $215K | 21.33% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $149K | 14.76% |
| JP Morgan Securities LLC | $130K | 12.94% |
| Goldman Sachs & Co. LLC | $105K | 10.44% |
| Barclays Capital Inc. | $93K | 9.29% |
| Morgan Stanley | $91K | 9.08% |
| Jefferies LLC | $80K | 7.99% |
| RBC Capital Markets, LLC | $49K | 4.90% |
| Liquidnet, Inc. | $49K | 4.83% |
| CLSA Americas, LLC | $45K | 4.44% |
JORIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley | $14.4M | 44.04% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $12.8M | 38.96% |
| JP Morgan Securities LLC | $5.6M | 17.00% |
Janus Henderson Global Select Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JSLNX | Class N | 0.69% | none |
| JORFX | Class I | 0.80% | none |
| JANRX | Class D | 0.82% | — |
| JORNX | Class T | 0.93% | none |
| JORAX | Class A | 1.01% | 5.75% |
| JORIX | Class S | 1.32% | none |
| JORRX | Class R | 1.57% | none |
| JORCX | Class C | 1.91% | 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.