JADSX Fees and Costs — Investment Quality Bond Trust, Series II
Data updated: 2026-08-27
The net expense ratio is 0.97%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.13% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 49%.
JADSX Fees and Expenses
Annual operating expenses and sales charges of JADSX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.98% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.97% |
| 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 |
JADSX Costs Over Time
On $10,000 invested in JADSX, assuming 5% a year before costs, total costs come to $607 over 5 years, cutting the return by 1.02% 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 0.97%) | $102 | $318 | $551 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $334 | $607 |
| Value after costs | $10,398 | $11,243 | $12,156 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
JADSX 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): $2.2B
- Portfolio turnover (prospectus): 49%
- Securities on loan, average value: $293K
- Net income from securities lending: $2K (0.001% of average net assets)
JADSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank AG | $1.1B | 48.25% |
| Morgan Stanley & Co. LLC | $427.7M | 19.65% |
| Goldman Sachs & Co. LLC | $189.6M | 8.71% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $172.7M | 7.94% |
| J.P. Morgan Securities LLC | $160.3M | 7.37% |
| Barclays Bank PLC | $91.6M | 4.21% |
| Citigroup Global Markets Holdings Inc. | $47.0M | 2.16% |
| Wells Fargo Securities, LLC | $16.3M | 0.75% |
| BNP Paribas | $12.6M | 0.58% |
| Citadel Securities LLC | $8.1M | 0.37% |
Investment Quality Bond Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JAJNX | Class NAV | 0.72% | — |
| JADUX | Series I | 0.77% | — |
| JADSX | 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.