JRE Fees and Costs — Janus Henderson U.S. Real Estate ETF
Data updated: 2026-09-25
The net expense ratio is 0.65%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $10K in broker commissions, 0.0415% of average net assets, and portfolio turnover was 65%.
JRE Fees and Expenses
Annual operating expenses and sales charges of JRE. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| 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 |
JRE Costs Over Time
On $10,000 invested in JRE, assuming 5% a year before costs, total costs come to $435 over 5 years, cutting the return by 0.73% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $238 | $435 |
| Value after costs | $10,427 | $11,338 | $12,328 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
JRE 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): 0.0415%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $27.9M
- Portfolio turnover (prospectus): 65%
- Securities on loan, average value: $327K
- Net income from securities lending: $717 (0.003% of average net assets)
JRE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $1K | 14.43% |
| CastleOak Securities, L.P. | $1K | 14.21% |
| BestEx Research Securities, LLC | $1K | 12.15% |
| RBC Capital Markets, LLC | $1K | 11.46% |
| UBS Securities LLC | $849 | 9.48% |
| Morgan Stanley & Co. LLC | $834 | 9.31% |
| J.P. Morgan Securities LLC | $797 | 8.89% |
| BofA Securities, Inc. | $726 | 8.10% |
| Goldman Sachs & Co. LLC | $614 | 6.86% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $457 | 5.10% |
JRE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $22.0M | 78.87% |
| J.P. Morgan Securities LLC | $2.6M | 9.28% |
| Virtu Americas LLC | $2.4M | 8.50% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $939K | 3.36% |
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.