JAAXX Fees and Costs — Money Market Trust, Series II
Data updated: 2026-04-15
The net expense ratio is 0.53%: a 0.34% management fee, a 0.25% 12b-1 fee plus 0.05% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees.
JAAXX Fees and Expenses
Annual operating expenses and sales charges of JAAXX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.34% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.64% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.53% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JAAXX Costs Over Time
On $10,000 invested in JAAXX, assuming 5% a year before costs, total costs come to $335 over 5 years, cutting the return by 0.56% 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 0.53%) | $56 | $174 | $304 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $183 | $335 |
| Value after costs | $10,444 | $11,393 | $12,428 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
JAAXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $166.5B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
JAAXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Bank PLC | $99.0B | 59.62% |
| State Street Global Markets, LLC | $36.9B | 22.21% |
| Goldman Sachs & Co. LLC | $22.0B | 13.25% |
| Mizuho Securities Co., Ltd. | $4.1B | 2.49% |
| UBS AG | $2.7B | 1.65% |
| Jefferies LLC | $459.8M | 0.28% |
| Pershing LLC | $286.6M | 0.17% |
| Morgan Stanley & Co. LLC | $267.8M | 0.16% |
| BNY Mellon Capital Markets, LLC | $161.1M | 0.10% |
| Royal Bank of Canada | $144.5M | 0.09% |
Money Market Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JABXX | Class NAV | 0.28% | — |
| JHOXX | Series I | 0.33% | — |
| JAAXX | Series II | 0.53% | — |
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.