JAEOX Fees and Costs — High Yield Trust, Series II
Data updated: 2026-08-27
The net expense ratio is 0.94%: a 0.49% management fee, a 0.25% 12b-1 fee plus 0.21% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $69K in broker commissions, 0.0386% of average net assets, and portfolio turnover was 147%.
JAEOX Fees and Expenses
Annual operating expenses and sales charges of JAEOX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.94% |
| 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 |
JAEOX Costs Over Time
On $10,000 invested in JAEOX, assuming 5% a year before costs, total costs come to $612 over 5 years, cutting the return by 1.03% 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 0.94%) | $99 | $308 | $534 |
| Trading costs (broker commissions) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $337 | $612 |
| Value after costs | $10,397 | $11,240 | $12,150 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
JAEOX 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): 0.0386%
- Total broker commissions: $69K
- Bought from dealers (principal trades, not a cost): $400.3M
- Portfolio turnover (prospectus): 147%
- Securities on loan, average value: $7.2M
- Net income from securities lending: $94K (0.053% of average net assets)
JAEOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $69K | 99.74% |
| Citigroup Global Markets Holdings Inc. | $181 | 0.26% |
JAEOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $186.8M | 51.23% |
| J.P. Morgan Securities LLC | $29.4M | 8.07% |
| Morgan Stanley & Co. LLC | $27.2M | 7.45% |
| Goldman Sachs & Co. LLC | $26.8M | 7.34% |
| Citigroup Global Markets Holdings Inc. | $25.2M | 6.90% |
| Barclays Bank PLC | $23.6M | 6.46% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $21.5M | 5.89% |
| Wells Fargo Securities, LLC | $10.8M | 2.97% |
| Jefferies LLC | $7.5M | 2.04% |
| UBS AG | $5.9M | 1.62% |
High Yield Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JAEMX | Class NAV | 0.69% | — |
| JAELX | Series I | 0.74% | — |
| JAEOX | Series II | 0.94% | — |
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.