JADIX Fees and Costs — Fundamental Large Cap Value Trust, Class NAV
Data updated: 2026-08-27
The net expense ratio is 0.72%: a 0.68% management fee plus 0.05% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $118K in broker commissions, 0.0145% of average net assets, and portfolio turnover was 15%.
JADIX Fees and Expenses
Annual operating expenses and sales charges of JADIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.73% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.72% |
| 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 |
JADIX Costs Over Time
On $10,000 invested in JADIX, assuming 5% a year before costs, total costs come to $462 over 5 years, cutting the return by 0.77% 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 0.72%) | $76 | $237 | $411 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $253 | $462 |
| Value after costs | $10,423 | $11,323 | $12,301 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
JADIX 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): 0.0145%
- Total broker commissions: $118K
- Bought from dealers (principal trades, not a cost): $231.7M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
JADIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $51K | 43.28% |
| Morgan Stanley & Co. LLC | $13K | 11.47% |
| Instinet, LLC | $13K | 10.87% |
| UBS AG | $12K | 10.28% |
| Evercore Group L.L.C. | $8K | 6.93% |
| Bernstein Institutional Services LLC | $7K | 5.84% |
| Goldman Sachs & Co. LLC | $4K | 3.51% |
| Jefferies LLC | $4K | 3.42% |
| Royal Bank of Canada | $3K | 2.90% |
| Citigroup Global Markets Holdings Inc. | $2K | 1.50% |
JADIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $231.7M | 100.00% |
Fundamental Large Cap Value Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JADIX | Class NAV | 0.72% | — |
| JVFLX | Series I | 0.77% | — |
| JADJX | Series II | 0.97% | — |
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.