JASSX Fees and Costs — Easterly Income Opportunities Fund, Class R6
Data updated: 2026-07-20
The net expense ratio is 1.01% (1.63% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $9K in broker commissions, 0.0024% of average net assets, and portfolio turnover was 32%.
JASSX Fees and Expenses
Annual operating expenses and sales charges of JASSX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.63% |
| Fee waiver | −0.62% |
| Net expense ratio | 1.01% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
JASSX Costs Over Time
On $10,000 invested in JASSX, assuming 5% a year before costs, total costs come to $633 over 5 years, cutting the return by 1.06% 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 1.01%) | $106 | $331 | $574 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $348 | $633 |
| Value after costs | $10,394 | $11,228 | $12,130 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
JASSX 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): 0.0024%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $276.5M
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
JASSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RAYMOND JAMES | $9K | 100.00% |
JASSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ROBERT W. BAIRD & CO. | $69.4M | 32.01% |
| BANK OF MONTREAL | $47.7M | 22.01% |
| BREAN CAPITAL | $22.7M | 10.48% |
| MESIROW FINANCIAL | $19.2M | 8.84% |
| GUGGENHEIM SECURITIES LLC | $13.5M | 6.24% |
| NOMURA GROUP | $10.9M | 5.04% |
| GOLDMAN SACHS | $10.5M | 4.85% |
| NATIONAL ALLIANCE | $9.3M | 4.28% |
| BTIG LLC | $7.0M | 3.23% |
| COHEN & COMPANY SECURITIES, LLC | $6.5M | 3.01% |
Easterly Income Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JASSX | Class R6 | 1.01% | none |
| JSVIX | Class I | 1.40% | none |
| JASVX | Class A | 1.65% | 2.00% |
| JSVCX | Class C | 2.40% | 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.