JAHEX Fees and Costs — Active Bond Trust, Series II
Data updated: 2026-08-27
The net expense ratio is 0.90%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.06% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 90%.
JAHEX Fees and Expenses
Annual operating expenses and sales charges of JAHEX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.91% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.90% |
| 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 |
JAHEX Costs Over Time
On $10,000 invested in JAHEX, assuming 5% a year before costs, total costs come to $564 over 5 years, cutting the return by 0.94% 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 0.90%) | $94 | $295 | $512 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $94 | $310 | $564 |
| Value after costs | $10,406 | $11,266 | $12,199 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
JAHEX 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): $1.2B
- Portfolio turnover (prospectus): 90%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $12K (0.002% of average net assets)
JAHEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $222.4M | 21.77% |
| Citadel Securities LLC | $137.0M | 13.41% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $106.5M | 10.43% |
| Bank of Montreal | $100.5M | 9.83% |
| Deutsche Bank AG | $100.4M | 9.83% |
| Barclays Bank PLC | $81.0M | 7.93% |
| BNP Paribas | $77.4M | 7.57% |
| Morgan Stanley & Co. LLC | $72.1M | 7.06% |
| Goldman Sachs & Co. LLC | $64.6M | 6.32% |
| Citigroup Global Markets Holdings Inc. | $59.8M | 5.85% |
Active 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 |
|---|---|---|---|
| JAHDX | Class NAV | 0.65% | — |
| JAHFX | Series I | 0.70% | — |
| JAHEX | Series II | 0.90% | — |
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.