Janus Henderson Investors (NYSE/ASX: JHG) today announced it will reduce management fees for five exchange-traded funds (VNLA, JMBS, JSML, JSMD, OLD), effective May 1.
Janus Henderson is also adding a new expense limitation agreement (ELA) for VNLA. This reflects a fee waiver to reduce the net expense ratio to 0.26%.
The fee changes are as follows:
Management Fee Breakpoints | Current
| New Management Fees
| ||
First $500,000,000 | 0.35% | 0.30% | ||
Next $500,000,000 | 0.28% | 0.25% | ||
Over $1,000,000,000 | 0.20% | 0.20% |
As a result of these changes, the Funds’ new management fees as shown in the updated prospectus are as follows:
Current
| New Prospectus
| New Prospectus
| ||||
VNLA – Short Duration
| 0.32% | 0.26% | Gross: 0.28% Net: 0.26%* | |||
JMBS – Mortgage-
| 0.35% | 0.30% | 0.32%** | |||
JSML – Small Cap
| 0.35% | 0.30% | 0.30% | |||
JSMD – Small/Mid Cap
| 0.35% | 0.30% | 0.30% | |||
OLD – The Long-Term
| 0.35% | 0.30% | 0.30% |
*Net expense ratios reflect the expense waiver, if any, contractually agreed to through at least 2/28/21.
**The Fund’s contractual management fee rate, which reflects the operating expenses of the Fund, is 0.30%.
“These changes are in line with our firm-wide goal of delivering market-leading, risk-adjusted performance net of fees,” said Nick Cherney, Head of Exchange-Traded Products at Janus Henderson.
Janus Henderson offers exchange-traded products to retail and institutional investors through its Janus Henderson ETFs and VelocityShares brands.
Notes to editors
About Janus Henderson
Janus Henderson Group is a leading global active asset manager dedicated to helping investors achieve long-term financial goals through a broad range of investment solutions, including equities, fixed income, quantitative equities, multi-asset and alternative asset class strategies.
As at 31 March 2020, Janus Henderson had approximately US$294 billion in assets under management, more than 2,000 employees, and offices in 28 cities worldwide. Headquartered in London, the company is listed on the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX).
Investing involves risk, including the possible loss of principal and fluctuation of value. There is no assurance the stated objective(s) will be met.
Please consider the charges, risks, expenses and investment objectives carefully before investing. For a prospectus or, if available, a summary prospectus containing this and other information, please call Janus Henderson at 800.668.0434 or download the file from janushenderson.com/info. Read it carefully before you invest or send money.
ETF shares are not individually redeemable and owners of the shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Units only.
Janus Capital Management LLC is the investment adviser and ALPS Distributors, Inc. is the distributor. ALPS is not affiliated with Janus Henderson or any of its subsidiaries.
Janus Henderson and VelocityShares are trademarks of Janus Henderson Group plc or one of its subsidiaries. © Janus Henderson Group
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Contacts:
Media Contact:
Sarah Johnson, +1 720-364-0708
sarah.johnson@janushenderson.com
Investor Relations Contact:
James Kurtz, 303-336-4529
James.Kurtz@janushenderson.com
