C000219602 Fees and Costs — Multi-Asset High Income Fund, Class NAV
Data updated: 2026-07-27
The net expense ratio is 0.58% (0.70% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $17K in broker commissions, 0.0154% of average net assets, and portfolio turnover was 46%.
C000219602 Fees and Expenses
Annual operating expenses and sales charges of C000219602. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.42% |
| 12b-1 fee | — |
| Other expenses | 0.22% |
| Gross expense ratio | 0.70% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.58% |
| 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 |
C000219602 Costs Over Time
On $10,000 invested in C000219602, assuming 5% a year before costs, total costs come to $375 over 5 years, cutting the return by 0.63% 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 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $63 | $206 | $375 |
| Value after costs | $10,437 | $11,371 | $12,387 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
C000219602 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0154%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): $172.9M
- Portfolio turnover (prospectus): 46%
- Securities on loan, average value: $2.8M
- Net income from securities lending: $44K (0.039% of average net assets)
C000219602 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $7K | 45.81% |
| Instinet, LLC | $2K | 12.14% |
| Citigroup Global Markets Holdings Inc. | $2K | 10.80% |
| J.P. Morgan Securities LLC | $1K | 7.89% |
| UBS AG | $1K | 7.11% |
| Goldman Sachs & Co. LLC | $748 | 4.57% |
| Royal Bank of Canada | $669 | 4.09% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $540 | 3.30% |
| TD Securities (USA) LLC | $396 | 2.42% |
| Virtu Americas LLC | $309 | 1.89% |
C000219602 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $82.4M | 55.91% |
| J.P. Morgan Securities LLC | $12.7M | 8.62% |
| Goldman Sachs & Co. LLC | $9.2M | 6.24% |
| Morgan Stanley & Co. LLC | $8.2M | 5.54% |
| Citigroup Global Markets Holdings Inc. | $8.1M | 5.47% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $8.1M | 5.46% |
| Barclays Bank PLC | $7.0M | 4.78% |
| Wells Fargo Securities, LLC | $4.4M | 2.98% |
| Citadel Securities LLC | $3.8M | 2.58% |
| Jefferies LLC | $3.6M | 2.41% |
Multi-Asset High 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 |
|---|---|---|---|
| JIASX | Class R6 | 0.58% | none |
| C000219602 | Class NAV | 0.58% | — |
| JIAIX | Class I | 0.69% | none |
| JIAFX | Class A | 0.94% | 4.50% |
| JIAGX | Class C | 1.69% | 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.