JASOX Fees and Costs — New Opportunities Fund, Class A
Data updated: 2025-07-29
The net expense ratio is 1.21%: a 0.73% management fee, a 0.25% 12b-1 fee plus 0.24% other expenses, less a 0.01% fee waiver. This share class carries a maximum front-end sales load of 5.00% and a deferred sales charge of up to 1.00%. In fiscal 2024 the fund paid $65K in broker commissions, 0.0225% of average net assets, and portfolio turnover was 15%.
JASOX Fees and Expenses
Annual operating expenses and sales charges of JASOX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.73% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.22% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JASOX Costs Over Time
On $10,000 invested in JASOX, assuming 5% a year before costs, total costs come to $1,367 over 5 years, cutting the return by 2.35% 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 | $599 | $500 | $500 |
| Fund expenses (net expense ratio 1.21%) | $121 | $376 | $650 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $25 | $98 | $205 |
| Total costs | $746 | $980 | $1,367 |
| Value after costs | $9,754 | $10,596 | $11,396 |
| Impact on return, per year | 7.46% | 3.05% | 2.35% |
JASOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0225%
- Total broker commissions: $65K
- Bought from dealers (principal trades, not a cost): $109.7M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
JASOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $36K | 58.09% |
| Pershing LLC | $8K | 13.50% |
| Goldman Sachs & Co. LLC | $7K | 11.14% |
| Truist Bank | $3K | 4.29% |
| Evercore Group L.L.C. | $3K | 4.13% |
| Cowen & Company | $1K | 2.03% |
| KeyBanc Capital Markets Inc. | $1K | 2.02% |
| CIBC World Markets Inc. | $1K | 1.99% |
| D.A. Davidson & Co. | $882 | 1.43% |
| Citigroup Global Markets Holdings Inc. | $854 | 1.38% |
JASOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $107.7M | 98.16% |
| Citigroup Global Markets Holdings Inc. | $1.3M | 1.19% |
| Stifel, Nicolaus & Company, Incorporated | $713K | 0.65% |
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.