JCVSX Fees and Costs — Classic Value Fund, Class R2
Data updated: 2026-09-25
The net expense ratio is 1.25%: a 0.67% management fee, a 0.25% 12b-1 fee plus 0.34% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $394K in broker commissions, 0.0541% of average net assets, and portfolio turnover was 13%.
JCVSX Fees and Expenses
Annual operating expenses and sales charges of JCVSX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.34% |
| Gross expense ratio | 1.26% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.25% |
| 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 |
JCVSX Costs Over Time
On $10,000 invested in JCVSX, assuming 5% a year before costs, total costs come to $811 over 5 years, cutting the return by 1.37% 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 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $137 | $447 | $811 |
| Value after costs | $10,363 | $11,129 | $11,952 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
JCVSX 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)
JCVSX 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% |
JCVSX 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 |
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.