JSPMX Fees and Costs — Janus Henderson Global Allocation Fund - Moderate, Class T
Data updated: 2026-09-14
The net expense ratio is 0.85% (0.89% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $11K in broker commissions, 0.0052% of average net assets, and portfolio turnover was 37%.
JSPMX Fees and Expenses
Annual operating expenses and sales charges of JSPMX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 0.89% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.85% |
| 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 |
JSPMX Costs Over Time
On $10,000 invested in JSPMX, assuming 5% a year before costs, total costs come to $536 over 5 years, cutting the return by 0.90% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $294 | $536 |
| Value after costs | $10,410 | $11,282 | $12,226 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
JSPMX 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): 0.0052%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $60.7M
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
JSPMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SUSQUEHANNA SECURITIES, LLC | $7K | 62.25% |
| Jane Street Execution Services, LLC | $2K | 15.77% |
| Jane Street Capital, LLC | $1K | 9.76% |
| Virtu Americas LLC | $660 | 6.21% |
| Goldman Sachs & Co. LLC | $198 | 1.86% |
| RBC Capital Markets, LLC | $170 | 1.60% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $129 | 1.22% |
| Citigroup Global Markets Inc. | $93 | 0.88% |
| BofA Securities, Inc. | $46 | 0.43% |
| Jefferies LLC | $3 | 0.03% |
JSPMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $33.5M | 55.08% |
| The Depository Trust Company | $27.3M | 44.91% |
| Goldman Sachs & Co. LLC | $8K | 0.01% |
Janus Henderson Global Allocation Fund - Moderate Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JMOIX | Class I | 0.70% | none |
| JNSMX | Class D | 0.73% | — |
| JSPMX | Class T | 0.85% | none |
| JMOAX | Class A | 0.91% | 5.75% |
| JMOSX | Class S | 1.11% | none |
| JMOCX | Class C | 1.69% | 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.