JCVBX Fees and Costs — Classic Value Fund, Class B
Data updated: 2026-09-25
The net expense ratio is 1.92%: a 0.75% management fee, a 1.00% 12b-1 fee plus 0.18% other expenses, less a 0.01% fee waiver. This share class carries a deferred sales charge of up to 5.00%. In fiscal 2025 the fund paid $394K in broker commissions, 0.0541% of average net assets, and portfolio turnover was 13%.
JCVBX Fees and Expenses
Annual operating expenses and sales charges of JCVBX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 1.93% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.92% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | 5.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JCVBX Costs Over Time
On $10,000 invested in JCVBX, assuming 5% a year before costs, total costs come to $1,211 over 5 years, cutting the return by 2.07% 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 | $515 | $0 | $0 |
| Fund expenses (net expense ratio 1.92%) | $202 | $623 | $1,069 |
| Trading costs (broker commissions) | $6 | $18 | $30 |
| Lost growth on money paid in costs | $0 | $32 | $112 |
| Total costs | $722 | $672 | $1,211 |
| Value after costs | $9,778 | $10,904 | $11,552 |
| Impact on return, per year | 7.22% | 2.07% | 2.07% |
JCVBX 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): 0.0541%
- Total broker commissions: $394K
- Bought from dealers (principal trades, not a cost): $373.9M
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $14.0M
- Net income from securities lending: $33K (0.005% of average net assets)
JCVBX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $133K | 39.97% |
| National Financial Services LLC | $38K | 11.52% |
| Mizuho Securities Co., Ltd. | $36K | 10.85% |
| Goldman Sachs & Co. LLC | $29K | 8.71% |
| Cowen & Company | $22K | 6.61% |
| BNP Paribas Securities Corp. | $19K | 5.80% |
| Citigroup Global Markets Holdings Inc. | $18K | 5.35% |
| UBS AG | $13K | 4.06% |
| Barclays Bank PLC | $13K | 3.78% |
| Jefferies LLC | $11K | 3.36% |
JCVBX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $358.9M | 96.00% |
| J.P. Morgan Securities LLC | $15.0M | 4.00% |
Classic Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JCVWX | Class R6 | 0.75% | none |
| JCVVX | Class R5 | 0.80% | none |
| JCVIX | Class I | 0.86% | none |
| PZFVX | Class A | 1.11% | 5.00% |
| JCVFX | Class R4 | 1.13% | — |
| JCVSX | Class R2 | 1.25% | none |
| JCVCX | Class C | 1.86% | none |
| JCVBX | Class B | 1.92% | — |
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.