JAGQX Fees and Costs — Small Cap Stock Trust, Series II
Data updated: 2026-08-27
The net expense ratio is 1.33%: a 1.01% management fee, a 0.25% 12b-1 fee plus 0.08% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $141K in broker commissions, 0.0531% of average net assets, and portfolio turnover was 71%.
JAGQX Fees and Expenses
Annual operating expenses and sales charges of JAGQX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.01% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.08% |
| Gross expense ratio | 1.34% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.33% |
| 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 |
JAGQX Costs Over Time
On $10,000 invested in JAGQX, assuming 5% a year before costs, total costs come to $859 over 5 years, cutting the return by 1.45% 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 1.33%) | $140 | $434 | $750 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $22 | $79 |
| Total costs | $145 | $474 | $859 |
| Value after costs | $10,355 | $11,103 | $11,904 |
| Impact on return, per year | 1.45% | 1.45% | 1.45% |
JAGQX 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): 0.0531%
- Total broker commissions: $141K
- Bought from dealers (principal trades, not a cost): $773.1M
- Portfolio turnover (prospectus): 71%
- Securities on loan, average value: $6.1M
- Net income from securities lending: $25K (0.009% of average net assets)
JAGQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $17K | 19.26% |
| Jefferies LLC | $12K | 13.85% |
| Royal Bank of Canada | $10K | 11.71% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $9K | 9.61% |
| Goldman Sachs & Co. LLC | $8K | 9.28% |
| J.P. Morgan Securities LLC | $7K | 8.01% |
| Wells Fargo Securities, LLC | $7K | 7.72% |
| Bank of Montreal | $6K | 7.17% |
| TD Securities (USA) LLC | $6K | 6.96% |
| Robert W. Baird & Co. Incorporated | $6K | 6.43% |
JAGQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD Securities (USA) LLC | $756.5M | 97.91% |
| Jefferies LLC | $3.9M | 0.50% |
| J.P. Morgan Securities LLC | $3.7M | 0.48% |
| Morgan Stanley & Co. LLC | $2.4M | 0.31% |
| Raymond James & Associates, Inc. | $1.4M | 0.18% |
| B. Riley Securities, Inc. | $1.1M | 0.15% |
| Truist Bank | $1.0M | 0.13% |
| Goldman Sachs & Co. LLC | $934K | 0.12% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $844K | 0.11% |
| UBS AG | $778K | 0.10% |
Small Cap Stock Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JAGPX | Class NAV | 1.08% | — |
| JESGX | Series I | 1.13% | — |
| JAGQX | Series II | 1.33% | — |
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.