JAGFX Fees and Costs — Ultra Short Term Bond Trust, Class NAV
Data updated: 2026-08-27
The net expense ratio is 0.62%: a 0.55% management fee plus 0.08% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 64%.
JAGFX Fees and Expenses
Annual operating expenses and sales charges of JAGFX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.63% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.62% |
| 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 |
JAGFX Costs Over Time
On $10,000 invested in JAGFX, assuming 5% a year before costs, total costs come to $391 over 5 years, cutting the return by 0.65% 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 0.62%) | $65 | $204 | $355 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $214 | $391 |
| Value after costs | $10,435 | $11,362 | $12,372 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
JAGFX 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): $572.8M
- Portfolio turnover (prospectus): 64%
- Securities on loan, average value: $417K
- Net income from securities lending: $8K (0.004% of average net assets)
JAGFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $367.8M | 74.70% |
| J.P. Morgan Securities LLC | $27.1M | 5.51% |
| Nomura Holdings, Inc. | $23.3M | 4.73% |
| Stonex Financial Inc. | $12.6M | 2.57% |
| Bank of Montreal | $12.0M | 2.45% |
| Barclays Bank PLC | $11.0M | 2.24% |
| Mizuho Securities Co., Ltd. | $9.9M | 2.02% |
| Deutsche Bank AG | $9.9M | 2.01% |
| Jane Street Execution Services, LLC | $9.9M | 2.01% |
| Citigroup Global Markets Holdings Inc. | $8.6M | 1.75% |
Ultra Short Term 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 |
|---|---|---|---|
| JAGFX | Class NAV | 0.62% | — |
| JAGJX | Series I | 0.67% | — |
| JAGEX | Series II | 0.87% | — |
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.