JAGVX Fees and Costs — Total Bond Market Trust, Series II
Data updated: 2026-08-27
The net expense ratio is 0.50%: a 0.47% management fee, a 0.25% 12b-1 fee plus 0.05% other expenses, less a 0.27% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 55%.
JAGVX Fees and Expenses
Annual operating expenses and sales charges of JAGVX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.77% |
| Fee waiver | −0.27% |
| Net expense ratio | 0.50% |
| 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 |
JAGVX Costs Over Time
On $10,000 invested in JAGVX, assuming 5% a year before costs, total costs come to $316 over 5 years, cutting the return by 0.52% 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 0.50%) | $52 | $165 | $287 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $173 | $316 |
| Value after costs | $10,448 | $11,403 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
JAGVX 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): $1.9B
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $1.9M
- Net income from securities lending: $10K (0.001% of average net assets)
JAGVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $532.2M | 31.40% |
| Morgan Stanley & Co. LLC | $226.4M | 13.36% |
| Goldman Sachs & Co. LLC | $210.8M | 12.44% |
| Deutsche Bank AG | $147.7M | 8.71% |
| Citadel Securities LLC | $143.5M | 8.46% |
| J.P. Morgan Securities LLC | $102.6M | 6.05% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $96.3M | 5.68% |
| Bank of Montreal | $91.7M | 5.41% |
| Barclays Bank PLC | $73.6M | 4.34% |
| BNP Paribas | $70.2M | 4.14% |
Total Bond Market Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JAGUX | Class NAV | 0.25% | — |
| JTBMX | Series I | 0.30% | — |
| JAGVX | Series II | 0.50% | — |
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.