JFIIX Fees and Costs — Floating Rate Income Fund, Class I
Data updated: 2026-07-27
The net expense ratio is 0.78%: a 0.66% management fee plus 0.21% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $70K in broker commissions, 0.0067% of average net assets, and portfolio turnover was 51%.
JFIIX Fees and Expenses
Annual operating expenses and sales charges of JFIIX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.88% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.78% |
| 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 |
JFIIX Costs Over Time
On $10,000 invested in JFIIX, assuming 5% a year before costs, total costs come to $494 over 5 years, cutting the return by 0.83% 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 0.78%) | $82 | $256 | $445 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $83 | $271 | $494 |
| Value after costs | $10,417 | $11,305 | $12,269 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
JFIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0067%
- Total broker commissions: $70K
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 51%
- Securities on loan, average value: $9.6M
- Net income from securities lending: $36K (0.003% of average net assets)
JFIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $60K | 86.95% |
| Goldman Sachs & Co. LLC | $9K | 12.89% |
| Credit Agricole SA | $111 | 0.16% |
JFIIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $784.9M | 59.18% |
| J.P. Morgan Securities LLC | $127.9M | 9.64% |
| Goldman Sachs & Co. LLC | $72.3M | 5.45% |
| UBS AG | $60.4M | 4.55% |
| Morgan Stanley & Co. LLC | $57.8M | 4.36% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $49.1M | 3.70% |
| Barclays Bank PLC | $48.6M | 3.66% |
| Deutsche Bank AG | $48.0M | 3.62% |
| Jefferies LLC | $43.5M | 3.28% |
| KKR Capital Markets LLC | $33.7M | 2.54% |
Floating Rate Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JFIDX | Class NAV | 0.67% | — |
| JFIRX | Class R6 | 0.67% | — |
| JFIHX | Class 1 | 0.71% | — |
| JFIIX | Class I | 0.78% | — |
| JFIAX | Class A | 1.01% | — |
| JFIGX | Class C | 1.76% | — |
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.