JEMTX Fees and Costs — Disciplined Value Emerging Markets Equity Trust, Series II
Data updated: 2026-08-27
The net expense ratio is 1.16%: a 0.76% management fee, a 0.25% 12b-1 fee plus 0.16% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $952K in broker commissions, 0.3882% of average net assets, and portfolio turnover was 199%.
JEMTX Fees and Expenses
Annual operating expenses and sales charges of JEMTX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.76% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.17% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.16% |
| 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 |
JEMTX Costs Over Time
On $10,000 invested in JEMTX, assuming 5% a year before costs, total costs come to $958 over 5 years, cutting the return by 1.63% 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 1.16%) | $122 | $378 | $652 |
| Trading costs (broker commissions) | $41 | $126 | $218 |
| Lost growth on money paid in costs | $0 | $25 | $88 |
| Total costs | $163 | $529 | $958 |
| Value after costs | $10,337 | $11,047 | $11,805 |
| Impact on return, per year | 1.63% | 1.63% | 1.63% |
JEMTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.3882%
- Total broker commissions: $952K
- Bought from dealers (principal trades, not a cost): $402.2M
- Portfolio turnover (prospectus): 199%
- Securities on loan, average value: $4.5M
- Net income from securities lending: $84K (0.034% of average net assets)
JEMTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC Bank PLC | $237K | 26.04% |
| J.P. Morgan Securities LLC | $192K | 21.07% |
| Morgan Stanley & Co. LLC | $108K | 11.86% |
| CITIC Securities International Company, Ltd. | $97K | 10.70% |
| Goldman Sachs & Co. LLC | $67K | 7.39% |
| Royal Bank of Canada | $64K | 6.99% |
| UBS AG | $50K | 5.47% |
| Macquarie Group Limited | $45K | 4.90% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $39K | 4.27% |
| National Financial Services LLC | $12K | 1.31% |
JEMTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Holdings Inc. | $402.0M | 99.95% |
| Oppenheimer & Co. Inc. | $221K | 0.05% |
Disciplined Value Emerging Markets Equity Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JHVTX | Class NAV | 0.91% | — |
| JAJBX | Series I | 0.96% | — |
| JEMTX | Series II | 1.16% | — |
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.