JAEYX Fees and Costs — Mid Cap Index Trust, Class NAV
Data updated: 2026-08-27
The net expense ratio is 0.41%: a 0.47% management fee plus 0.05% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $34K in broker commissions, 0.0029% of average net assets, and portfolio turnover was 14%.
JAEYX Fees and Expenses
Annual operating expenses and sales charges of JAEYX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.52% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.41% |
| 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 |
JAEYX Costs Over Time
On $10,000 invested in JAEYX, assuming 5% a year before costs, total costs come to $261 over 5 years, cutting the return by 0.43% 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 0.41%) | $43 | $135 | $236 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $143 | $261 |
| Value after costs | $10,457 | $11,433 | $12,501 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
JAEYX 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): 0.0029%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): $484.3M
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $6.9M
- Net income from securities lending: $25K (0.002% of average net assets)
JAEYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Bank PLC | $10K | 28.69% |
| Instinet, LLC | $6K | 17.82% |
| Pershing LLC | $5K | 15.10% |
| Scotia Capital Inc. | $4K | 13.27% |
| Cantor Fitzgerald & Co. | $4K | 12.44% |
| Piper Sandler & Co. | $3K | 8.98% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1K | 3.70% |
JAEYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $428.6M | 88.52% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $48.1M | 9.93% |
| Scotia Capital Inc. | $7.5M | 1.56% |
Mid Cap Index Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JAEYX | Class NAV | 0.41% | — |
| JECIX | Series I | 0.46% | — |
| JAEZX | Series II | 0.66% | — |
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.