JCUIX Fees and Costs — Absolute Return Currency Fund, Class I
Data updated: 2022-10-04
The net expense ratio is 1.12%: a 0.88% management fee plus 0.25% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 0%.
JCUIX Fees and Expenses
Annual operating expenses and sales charges of JCUIX. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.88% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 1.13% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.12% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JCUIX Costs Over Time
On $10,000 invested in JCUIX, assuming 5% a year before costs, total costs come to $699 over 5 years, cutting the return by 1.18% 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 1.12%) | $118 | $366 | $635 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $118 | $385 | $699 |
| Value after costs | $10,382 | $11,192 | $12,064 |
| Impact on return, per year | 1.18% | 1.18% | 1.18% |
JCUIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
JCUIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Bank PLC | $1.3B | 67.13% |
| State Street Global Markets, LLC | $420.7M | 21.30% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $178.4M | 9.03% |
| NatWest Markets PLC | $50.0M | 2.53% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.