JACYX Fees and Costs — Multi-Index 2030 Preservation Portfolio, Class I
Data updated: 2023-07-27
The net expense ratio is 0.48% (0.73% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $92K in broker commissions, 0.0079% of average net assets, and portfolio turnover was 63%.
JACYX Fees and Expenses
Annual operating expenses and sales charges of JACYX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.73% |
| Fee waiver | −0.25% |
| Net expense ratio | 0.48% |
| 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 |
JACYX Costs Over Time
On $10,000 invested in JACYX, assuming 5% a year before costs, total costs come to $308 over 5 years, cutting the return by 0.51% 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 0.48%) | $50 | $158 | $276 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $169 | $308 |
| Value after costs | $10,449 | $11,408 | $12,454 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
JACYX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0079%
- Total broker commissions: $92K
- Bought from dealers (principal trades, not a cost): $464.8M
- Portfolio turnover (prospectus): 63%
- Securities on loan, average value: $67.1M
- Net income from securities lending: $646K (0.056% of average net assets)
JACYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $57K | 61.58% |
| Pershing LLC | $35K | 38.42% |
JACYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $350.6M | 76.85% |
| Citigroup Global Markets Holdings Inc. | $31.1M | 6.82% |
| Barclays Bank PLC | $15.0M | 3.28% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $14.2M | 3.11% |
| Deutsche Bank AG | $11.4M | 2.49% |
| Bank of Montreal | $9.7M | 2.13% |
| Morgan Stanley & Co. LLC | $9.3M | 2.05% |
| UBS AG | $7.0M | 1.55% |
| J.P. Morgan Securities LLC | $4.5M | 0.98% |
| Wells Fargo Securities, LLC | $3.3M | 0.73% |
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.