C000134713 Fees and Costs — Infrastructure Fund, Class NAV
Data updated: 2026-09-25
The net expense ratio is 0.85%: a 0.77% management fee plus 0.09% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $205K in broker commissions, 0.0344% of average net assets, and portfolio turnover was 35%.
C000134713 Fees and Expenses
Annual operating expenses and sales charges of C000134713. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.77% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| Gross expense ratio | 0.86% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 |
C000134713 Costs Over Time
On $10,000 invested in C000134713, assuming 5% a year before costs, total costs come to $554 over 5 years, cutting the return by 0.93% 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) | $4 | $11 | $20 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $304 | $554 |
| Value after costs | $10,407 | $11,272 | $12,208 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
C000134713 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0344%
- Total broker commissions: $205K
- Bought from dealers (principal trades, not a cost): $3.5B
- Portfolio turnover (prospectus): 35%
- Securities on loan, average value: $4.0M
- Net income from securities lending: $47K (0.008% of average net assets)
C000134713 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $31K | 17.82% |
| J.P. Morgan Securities LLC | $28K | 16.14% |
| Citigroup Global Markets Holdings Inc. | $17K | 10.05% |
| HSBC Bank PLC | $17K | 9.92% |
| Jefferies LLC | $17K | 9.83% |
| Goldman Sachs & Co. LLC | $17K | 9.60% |
| UBS AG | $14K | 8.31% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $14K | 7.85% |
| BNP Paribas | $9K | 5.36% |
| Instinet, LLC | $9K | 5.11% |
C000134713 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NatWest Markets PLC | $3.5B | 100.00% |
Infrastructure Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JEEDX | Class R6 | 0.85% | none |
| C000134713 | Class NAV | 0.85% | — |
| JEEIX | Class I | 0.96% | none |
| JEEBX | Class A | 1.26% | 5.00% |
| JEEFX | Class C | 1.96% | 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.