JAISX Fees and Costs — Managed Volatility Conservative Portfolio, Series II
Data updated: 2026-08-27
The net expense ratio is 1.10%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 11%.
JAISX Fees and Expenses
Annual operating expenses and sales charges of JAISX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.05% |
| Gross expense ratio | 1.10% |
| Fee waiver | — |
| Net expense ratio | 1.10% |
| 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 |
JAISX Costs Over Time
On $10,000 invested in JAISX, assuming 5% a year before costs, total costs come to $687 over 5 years, cutting the return by 1.16% 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 1.10%) | $116 | $360 | $624 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $116 | $378 | $687 |
| Value after costs | $10,384 | $11,198 | $12,076 |
| Impact on return, per year | 1.16% | 1.16% | 1.16% |
JAISX 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): 0.0009%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $33.6M
- Portfolio turnover (prospectus): 11%
- Securities lending: none during the year
JAISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Piper Sandler & Co. | $4K | 83.20% |
| Virtu Americas LLC | $743 | 16.33% |
| Pershing LLC | $21 | 0.47% |
JAISX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $33.6M | 100.00% |
Managed Volatility Conservative Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JAIUX | Class NAV | 0.85% | — |
| JELCX | Series I | 0.90% | — |
| JAISX | Series II | 1.10% | — |
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.