JDSIX Fees and Costs — Absolute Return Opportunities Fund, Class I
Data updated: 2021-10-13
The net expense ratio is 2.69% (2.70% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $4K in broker commissions, 0.0348% of average net assets, and portfolio turnover was 542%.
JDSIX Fees and Expenses
Annual operating expenses and sales charges of JDSIX. Prospectus, as of November 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 1.66% |
| Gross expense ratio | 2.70% |
| Fee waiver | −0.01% |
| Net expense ratio | 2.69% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 |
JDSIX Costs Over Time
On $10,000 invested in JDSIX, assuming 5% a year before costs, total costs come to $1,647 over 5 years, cutting the return by 2.86% 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 2.69%) | $282 | $866 | $1,474 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $44 | $154 |
| Total costs | $286 | $921 | $1,647 |
| Value after costs | $10,214 | $10,656 | $11,116 |
| Impact on return, per year | 2.86% | 2.86% | 2.86% |
JDSIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0348%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $549.1M
- Portfolio turnover (prospectus): 542%
- Securities lending: none during the year
JDSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Capital Markets, LLC | $2K | 47.99% |
| Morgan Stanley & Co. LLC | $2K | 41.57% |
| Citigroup Global Markets Holdings Inc. | $430 | 10.44% |
JDSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $428.7M | 79.20% |
| State Street Global Markets, LLC | $32.6M | 6.02% |
| J.P. Morgan Securities LLC | $18.1M | 3.35% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $13.5M | 2.49% |
| Citigroup Global Markets Holdings Inc. | $12.6M | 2.32% |
| Barclays Bank PLC | $12.4M | 2.29% |
| Goldman Sachs & Co. LLC | $12.2M | 2.26% |
| Royal Bank of Canada | $6.3M | 1.16% |
| HSBC Bank PLC | $2.6M | 0.48% |
| Deutsche Bank AG | $2.4M | 0.44% |
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.