JBAVX Fees and Costs — Balanced Fund, Class R5
Data updated: 2026-09-25
The net expense ratio is 0.66%: a 0.57% management fee plus 0.10% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $760K in broker commissions, 0.0132% of average net assets, and portfolio turnover was 71%.
JBAVX Fees and Expenses
Annual operating expenses and sales charges of JBAVX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.57% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.67% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.66% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JBAVX Costs Over Time
On $10,000 invested in JBAVX, assuming 5% a year before costs, total costs come to $424 over 5 years, cutting the return by 0.71% 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 0.66%) | $69 | $217 | $378 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $232 | $424 |
| Value after costs | $10,429 | $11,344 | $12,339 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
JBAVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0132%
- Total broker commissions: $760K
- Bought from dealers (principal trades, not a cost): $16.5B
- Portfolio turnover (prospectus): 71%
- Securities on loan, average value: $32.0M
- Net income from securities lending: $136K (0.002% of average net assets)
JBAVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $155K | 25.44% |
| Royal Bank of Canada | $109K | 17.77% |
| Virtu Financial Ireland Limited | $94K | 15.46% |
| Citigroup Global Markets Holdings Inc. | $49K | 7.98% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $46K | 7.47% |
| TD Securities Inc. / Valeurs Mobilieres TD Inc. | $36K | 5.83% |
| Jefferies LLC | $32K | 5.18% |
| J.P. Morgan Securities LLC | $32K | 5.17% |
| Barclays Bank PLC | $30K | 4.94% |
| Piper Sandler & Co. | $29K | 4.75% |
JBAVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $6.6B | 43.24% |
| Mizuho Securities Co., Ltd. | $4.6B | 29.67% |
| Barclays Bank PLC | $724.2M | 4.71% |
| Citadel Securities LLC | $638.2M | 4.15% |
| Bank of Montreal | $638.0M | 4.15% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $514.2M | 3.35% |
| Deutsche Bank AG | $471.8M | 3.07% |
| BNP Paribas | $439.1M | 2.86% |
| Citigroup Global Markets Holdings Inc. | $407.2M | 2.65% |
| Goldman Sachs & Co. LLC | $330.3M | 2.15% |
Balanced Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JBAWX | Class R6 | 0.61% | none |
| JBAVX | Class R5 | 0.66% | none |
| SVBIX | Class I | 0.72% | none |
| JBAFX | Class R4 | 0.86% | none |
| SVBAX | Class A | 1.02% | 4.50% |
| JBATX | Class R2 | 1.11% | none |
| SVBCX | Class C | 1.72% | 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.