Fund charges

Entry charge

This is the maximum that might be taken out of your investment before the deal is placed in your specified fund(s).

For example, if you invest £1,000 in the A Share Class of Janus Henderson China Opportunities Fund, an entry charge of 5% means that £950 will be used to purchase shares in the fund.

For dual priced funds, the entry charge is included in the price at which you buy into the fund(s), this is known as the bid/offer spread and is the difference between the quoted bid and offer prices.

The entry charge covers the costs of setting up your investment, and may also cover payments to your financial adviser or any other firm through which you may invest.

All entry charges can be found on the Minimum Disclosure Document (MDD).

Exit charge

Whilst Janus Henderson does not charge an exit charge by default, we reserve the right to make a charge where the Manager suspects excessive trading by an investor (and specifically on subscriptions held for less than 90 days). The charge will be taken from your investment once your shares/units are sold.

Ongoing charges

The ongoing charge is expressed as a percentage amount paid from the fund. The charge covers all aspects of operating the fund during the funds financial year. The charge includes fees paid for managing the fund, otherwise known as the annual management charge, all administration and oversight functions, which includes Trustee/Depositary, Custody, legal and audit fees. For funds that are registered for sale outside of the UK, the fee also includes registration costs.

Where a fund invests a substantial amount of its assets in other funds, the ongoing charge figure includes the impact of the charges made in those other funds.

Broker commissions, transfer taxes, stamp duty and the funds performance fees (where applicable) do not form part of the ongoing charge calculation.

All ongoing charges can be found in the MDD and the fund fact sheets.

Pricing Policies

Certain funds may be entitled to a performance related management fee, which becomes payable when the funds outperform their performance fee benchmark and high watermark (where applicable).

The latest performance fees payable can be found in the relevant fund’s MDD.

Further information on how the performance fee is calculated can be found in the relevant Prospectus. For a free copy please contact Janus Henderson Investors at PO Box 9023, Chelmsford CM99 2WB or by calling our Investor Services team on 0800 832 832.