JESIX Fees and Costs — Small Cap Index Trust, Series I
Data updated: 2026-08-27
The net expense ratio is 0.53%: a 0.48% management fee, a 0.05% 12b-1 fee plus 0.06% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $45K in broker commissions, 0.0086% of average net assets, and portfolio turnover was 12%.
JESIX Fees and Expenses
Annual operating expenses and sales charges of JESIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.05% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.59% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.53% |
| 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 |
JESIX Costs Over Time
On $10,000 invested in JESIX, assuming 5% a year before costs, total costs come to $340 over 5 years, cutting the return by 0.57% 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 0.53%) | $56 | $174 | $304 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $186 | $340 |
| Value after costs | $10,443 | $11,390 | $12,423 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
JESIX 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): 0.0086%
- Total broker commissions: $45K
- Bought from dealers (principal trades, not a cost): $142.2M
- Portfolio turnover (prospectus): 12%
- Securities on loan, average value: $45.2M
- Net income from securities lending: $389K (0.074% of average net assets)
JESIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Bank PLC | $32K | 71.25% |
| Cantor Fitzgerald & Co. | $9K | 19.68% |
| Royal Bank of Canada | $4K | 8.28% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $222 | 0.49% |
| Scotia Capital Inc. | $133 | 0.30% |
JESIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $142.2M | 100.00% |
| Cantor Fitzgerald & Co. | $5K | 0.00% |
Small Cap Index Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JAEWX | Class NAV | 0.48% | — |
| JESIX | Series I | 0.53% | — |
| JAJOX | Series II | 0.73% | — |
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.