JAJEX Fees and Costs — International Equity Index Trust, Series II
Data updated: 2026-08-27
The net expense ratio is 0.59%: a 0.52% management fee, a 0.25% 12b-1 fee plus 0.13% other expenses, less a 0.31% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $25K in broker commissions, 0.0024% of average net assets, and portfolio turnover was 4%.
JAJEX Fees and Expenses
Annual operating expenses and sales charges of JAJEX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.90% |
| Fee waiver | −0.31% |
| Net expense ratio | 0.59% |
| 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 |
JAJEX Costs Over Time
On $10,000 invested in JAJEX, assuming 5% a year before costs, total costs come to $374 over 5 years, cutting the return by 0.62% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $205 | $374 |
| Value after costs | $10,438 | $11,372 | $12,389 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
JAJEX 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): 0.0024%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): $310.5M
- Portfolio turnover (prospectus): 4%
- Securities on loan, average value: $3.9M
- Net income from securities lending: $93K (0.009% of average net assets)
JAJEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $5K | 24.45% |
| Barclays Bank PLC | $4K | 18.37% |
| Morgan Stanley & Co. LLC | $2K | 11.14% |
| BNP Paribas | $2K | 8.39% |
| Macquarie Group Limited | $2K | 7.78% |
| Goldman Sachs & Co. LLC | $1K | 7.09% |
| CITIC Securities International Company, Ltd. | $1K | 6.39% |
| J.P. Morgan Securities LLC | $1K | 6.12% |
| Jefferies LLC | $1K | 5.42% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $968 | 4.85% |
JAJEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Holdings Inc. | $310.4M | 99.97% |
| Morgan Stanley & Co. LLC | $89K | 0.03% |
International Equity Index Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JVANX | Class NAV | 0.34% | — |
| JIEQX | Series I | 0.39% | — |
| JAJEX | Series II | 0.59% | — |
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.