JUCAX Fees and Costs — Janus Henderson Low Duration Multi-Sector Income Fund, Class A
Data updated: 2026-09-14
The net expense ratio is 0.70%: a 0.35% management fee, a 0.25% 12b-1 fee plus 0.84% other expenses, less a 0.74% fee waiver. This share class carries a maximum front-end sales load of 4.75%. In fiscal 2026 the fund paid $4K in broker commissions, 0.0069% of average net assets, and portfolio turnover was 72%.
JUCAX Fees and Expenses
Annual operating expenses and sales charges of JUCAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.84% |
| Gross expense ratio | 1.44% |
| Fee waiver | −0.74% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| 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 |
JUCAX Costs Over Time
On $10,000 invested in JUCAX, assuming 5% a year before costs, total costs come to $1,030 over 5 years, cutting the return by 1.75% 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 | $475 | $475 | $475 |
| Fund expenses (net expense ratio 0.70%) | $70 | $219 | $381 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $24 | $86 | $170 |
| Total costs | $569 | $782 | $1,030 |
| Value after costs | $9,931 | $10,794 | $11,733 |
| Impact on return, per year | 5.69% | 2.42% | 1.75% |
JUCAX 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): 0.0069%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $777.5M
- Portfolio turnover (prospectus): 72%
- Securities lending: none during the year
JUCAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2K | 61.57% |
| Jane Street Execution Services, LLC | $955 | 25.16% |
| Citigroup Global Markets Inc. | $295 | 7.76% |
| UBS Securities LLC | $107 | 2.82% |
| Barclays Capital, Inc. | $28 | 0.75% |
| Pershing LLC | $24 | 0.63% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $15 | 0.40% |
| Liquidnet, Inc. | $15 | 0.39% |
| TD SECURITIES (USA) LLC | $11 | 0.28% |
| Raymond James & Associates, Inc. | $10 | 0.26% |
JUCAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $160.5M | 23.79% |
| RBC Capital Markets, LLC | $113.5M | 16.82% |
| Truist Securities, Inc. | $98.4M | 14.58% |
| Wells Fargo Securities, LLC | $92.5M | 13.71% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $51.1M | 7.57% |
| Mizuho Securities USA LLC | $44.1M | 6.54% |
| Citigroup Global Markets Inc. | $42.8M | 6.34% |
| MUFG Securities Americas Inc. | $30.6M | 4.54% |
| Goldman Sachs & Co. LLC | $23.4M | 3.47% |
| Barclays Capital, Inc. | $17.9M | 2.65% |
Janus Henderson Low Duration Multi-Sector Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JUCNX | Class N | 0.40% | none |
| JUCIX | Class I | 0.45% | none |
| JUCDX | Class D | 0.52% | — |
| JUCTX | Class T | 0.64% | none |
| JUCAX | Class A | 0.70% | 4.75% |
| JUCSX | Class S | 0.89% | none |
| JUCRX | Class R | 1.14% | none |
| JUCCX | Class C | 1.45% | 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.