JAREX Fees and Costs — Easterly Global Real Estate Fund, Class A
Data updated: 2026-07-20
The net expense ratio is 1.50%: a 0.90% management fee, a 0.25% 12b-1 fee plus 0.34% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $642K in broker commissions, 0.2336% of average net assets, and portfolio turnover was 186%.
JAREX Fees and Expenses
Annual operating expenses and sales charges of JAREX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.50% |
| Fee waiver | — |
| Net expense ratio | 1.50% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
JAREX Costs Over Time
On $10,000 invested in JAREX, assuming 5% a year before costs, total costs come to $1,741 over 5 years, cutting the return by 3.04% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.50%) | $148 | $460 | $791 |
| Trading costs (broker commissions) | $23 | $72 | $123 |
| Lost growth on money paid in costs | $29 | $117 | $252 |
| Total costs | $775 | $1,223 | $1,741 |
| Value after costs | $9,725 | $10,353 | $11,022 |
| Impact on return, per year | 7.75% | 3.84% | 3.04% |
JAREX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2336%
- Total broker commissions: $642K
- Bought from dealers (principal trades, not a cost): $54.1M
- Portfolio turnover (prospectus): 186%
- Securities lending: none during the year
JAREX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMORGAN CHASE | $159K | 27.49% |
| CITIGROUP | $106K | 18.33% |
| KNIGHT CAPITAL GROUP | $88K | 15.25% |
| UBS | $74K | 12.85% |
| BANK OF AMERICA - MERRILL LYNCH | $66K | 11.49% |
| ROYAL BANK OF CANADA CAPITAL MARKETS | $27K | 4.66% |
| VIRTU FINANCIAL | $24K | 4.12% |
| ROTH CAPITAL PARTNERS | $16K | 2.80% |
| KEYBANC CAPITAL MARKETS INC. | $9K | 1.54% |
| RAYMOND JAMES AND ASSOCIATES INC | $9K | 1.47% |
JAREX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP | $28.4M | 52.51% |
| ROYAL BANK OF CANADA CAPITAL MARKETS | $7.3M | 13.54% |
| UBS | $6.6M | 12.24% |
| BANK OF AMERICA MERRILL LYNCH | $6.0M | 11.01% |
| KEMPEN & CO | $4.9M | 9.01% |
| JPMORGAN CHASE | $910K | 1.68% |
Easterly Global Real Estate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JARSX | Class R6 | 0.95% | none |
| JARIX | Class I | 1.05% | none |
| JAREX | Class A | 1.50% | 5.75% |
| JACRX | Class C | 2.25% | none |
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.