JESVX Fees and Costs — Small Cap Core Trust, Series I
Data updated: 2026-08-27
The net expense ratio is 0.95%: a 0.81% management fee, a 0.05% 12b-1 fee plus 0.10% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $501K in broker commissions, 0.1511% of average net assets, and portfolio turnover was 147%.
JESVX Fees and Expenses
Annual operating expenses and sales charges of JESVX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.81% |
| 12b-1 fee | 0.05% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.95% |
| 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 |
JESVX Costs Over Time
On $10,000 invested in JESVX, assuming 5% a year before costs, total costs come to $687 over 5 years, cutting the return by 1.16% 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 0.95%) | $100 | $311 | $539 |
| Trading costs (broker commissions) | $16 | $49 | $86 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $116 | $378 | $687 |
| Value after costs | $10,384 | $11,198 | $12,075 |
| Impact on return, per year | 1.16% | 1.16% | 1.16% |
JESVX 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): 0.1511%
- Total broker commissions: $501K
- Bought from dealers (principal trades, not a cost): $609.3M
- Portfolio turnover (prospectus): 147%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $5K (0.001% of average net assets)
JESVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $125K | 35.03% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $46K | 12.97% |
| Evercore Group L.L.C. | $31K | 8.79% |
| Keefe, Bruyette & Woods, Inc. | $29K | 8.25% |
| Goldman Sachs & Co. LLC | $24K | 6.84% |
| Bank of Montreal | $24K | 6.83% |
| Royal Bank of Canada | $20K | 5.51% |
| Jefferies LLC | $20K | 5.49% |
| Morgan Stanley & Co. LLC | $19K | 5.30% |
| UBS AG | $18K | 4.98% |
JESVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $403.9M | 66.30% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $204.9M | 33.63% |
| Citigroup Global Markets Holdings Inc. | $249K | 0.04% |
| Morgan Stanley & Co. LLC | $172K | 0.03% |
Small Cap Core Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JAHBX | Class NAV | 0.90% | — |
| JESVX | Series I | 0.95% | — |
| JAGZX | Series II | 1.15% | — |
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.