JAVAX Fees and Costs — James Aggressive Allocation Fund
Data updated: 2026-09-11
The net expense ratio is 1.02%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2K in broker commissions, 0.0052% of average net assets, and portfolio turnover was 12%.
JAVAX Fees and Expenses
Annual operating expenses and sales charges of JAVAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.98% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | — |
| Fee waiver | — |
| Net expense ratio | 1.02% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
JAVAX Costs Over Time
On $10,000 invested in JAVAX, assuming 5% a year before costs, total costs come to $641 over 5 years, cutting the return by 1.08% 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 1.02%) | $107 | $334 | $579 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $108 | $352 | $641 |
| Value after costs | $10,392 | $11,224 | $12,122 |
| Impact on return, per year | 1.08% | 1.08% | 1.08% |
JAVAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0052%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $3.3M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
JAVAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| PIPER SANDLER | $853 | 56.60% |
| JONES TRADING | $654 | 43.40% |
JAVAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TRADEWEB DIRECT LLC | $2.1M | 63.60% |
| Cantor Fitzgerald | $793K | 24.21% |
| PIPER SANDLER & CO | $399K | 12.19% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.