JAETX Fees and Costs — Mid Cap Growth Trust, Series I
Data updated: 2026-08-27
The net expense ratio is 0.93%: a 0.83% management fee, a 0.05% 12b-1 fee plus 0.06% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $337K in broker commissions, 0.0530% of average net assets, and portfolio turnover was 143%.
JAETX Fees and Expenses
Annual operating expenses and sales charges of JAETX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.83% |
| 12b-1 fee | 0.05% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.93% |
| 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 |
JAETX Costs Over Time
On $10,000 invested in JAETX, assuming 5% a year before costs, total costs come to $615 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 0.93%) | $98 | $305 | $529 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $103 | $338 | $615 |
| Value after costs | $10,397 | $11,238 | $12,148 |
| Impact on return, per year | 1.03% | 1.03% | 1.03% |
JAETX 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): 0.0530%
- Total broker commissions: $337K
- Bought from dealers (principal trades, not a cost): $2.3B
- Portfolio turnover (prospectus): 143%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $80K (0.013% of average net assets)
JAETX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $36K | 16.86% |
| UBS AG | $30K | 14.27% |
| Goldman Sachs & Co. LLC | $30K | 13.98% |
| J.P. Morgan Securities LLC | $29K | 13.42% |
| Royal Bank of Canada | $19K | 8.81% |
| Jefferies LLC | $15K | 7.15% |
| Robert W. Baird & Co. Incorporated | $15K | 7.13% |
| Wells Fargo Securities, LLC | $14K | 6.77% |
| Capital Institutional Services, Inc. | $13K | 6.08% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $12K | 5.53% |
JAETX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank AG | $2.3B | 99.69% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $2.9M | 0.12% |
| Jefferies LLC | $2.7M | 0.11% |
| Goldman Sachs & Co. LLC | $831K | 0.04% |
| Morgan Stanley & Co. LLC | $617K | 0.03% |
| Citigroup Global Markets Holdings Inc. | $115K | 0.00% |
Mid Cap Growth Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JAEVX | Class NAV | 0.88% | — |
| JAETX | Series I | 0.93% | — |
| JAEUX | Series II | 1.13% | — |
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.