JESTX Fees and Costs — Science & Technology Trust, Series I
Data updated: 2026-08-27
The net expense ratio is 1.04%: a 0.95% management fee, a 0.05% 12b-1 fee plus 0.05% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $559K in broker commissions, 0.0506% of average net assets, and portfolio turnover was 230%.
JESTX Fees and Expenses
Annual operating expenses and sales charges of JESTX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.05% |
| Other expenses | 0.05% |
| Gross expense ratio | 1.05% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.04% |
| 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 |
JESTX Costs Over Time
On $10,000 invested in JESTX, assuming 5% a year before costs, total costs come to $681 over 5 years, cutting the return by 1.15% 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 1.04%) | $109 | $340 | $590 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $115 | $375 | $681 |
| Value after costs | $10,385 | $11,202 | $12,082 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
JESTX 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): 0.0506%
- Total broker commissions: $559K
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 230%
- Securities on loan, average value: $4.3M
- Net income from securities lending: $1.5M (0.134% of average net assets)
JESTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $56K | 15.76% |
| Goldman Sachs & Co. LLC | $56K | 15.65% |
| J.P. Morgan Securities LLC | $39K | 10.87% |
| Royal Bank of Canada | $37K | 10.43% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $35K | 9.77% |
| Bank of Montreal | $30K | 8.32% |
| Jefferies LLC | $29K | 8.09% |
| Citigroup Global Markets Holdings Inc. | $28K | 7.98% |
| TD Securities (USA) LLC | $24K | 6.64% |
| Virtu Americas LLC | $23K | 6.48% |
JESTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| T. Rowe Price Investment Services, Inc. | $818.9M | 81.57% |
| State Street Global Markets, LLC | $175.5M | 17.48% |
| Jefferies LLC | $2.5M | 0.25% |
| Morgan Stanley & Co. LLC | $2.3M | 0.23% |
| Goldman Sachs & Co. LLC | $2.3M | 0.22% |
| Citigroup Global Markets Holdings Inc. | $1.0M | 0.10% |
| B. Riley Securities, Inc. | $927K | 0.09% |
| Piper Sandler & Co. | $559K | 0.06% |
Science & Technology Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JAFSX | Class NAV | 0.99% | — |
| JESTX | Series I | 1.04% | — |
| JAFUX | Series II | 1.24% | — |
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.