Janus launced new fund which uses insurance product to guarantee 80% of peak NAV.
Current ER is 1.64%.
Capital Protection Fee at a maximum annual rate of 0.75%. Because the Capital Protection Fee is based on the aggregate protected assets of the Fund rather than on the Fund's total net assets, it can fluctuate between 0.60% and 0.75%, thereby resulting in the expense limit fluctuating between 1.38% and 1.53%.
Annuity type products are usually a bad deal for investors, so it the same true for this fund?