JFINX Fees and Costs — Johnson Fixed Income Fund
Data updated: 2023-11-28
The net expense ratio is 0.85%. There are no sales loads or redemption fees. Portfolio turnover was 30%.
JFINX Fees and Expenses
Annual operating expenses and sales charges of JFINX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
JFINX Costs Over Time
On $10,000 invested in JFINX, assuming 5% a year before costs, total costs come to $533 over 5 years, cutting the return by 0.89% 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 0.85%) | $89 | $279 | $484 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $293 | $533 |
| Value after costs | $10,411 | $11,284 | $12,230 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
JFINX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $464.2M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
JFINX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO | $107.0M | 23.05% |
| WELLS FARGO | $73.6M | 15.86% |
| CITIGROUP CAPITAL MARKETS, INC. | $58.9M | 12.68% |
| KEYBANC CAPITAL MARKETS | $54.4M | 11.73% |
| MORGAN STANLEY & CO. LLC | $34.6M | 7.45% |
| BNY MELLON | $33.1M | 7.14% |
| JP MORGAN SECURITIES | $29.6M | 6.37% |
| RBC CAPITAL MARKETS | $27.7M | 5.96% |
| DAIWA CAPITAL MARKETS INC. | $24.3M | 5.23% |
| JANE STREET EXECUTION SERVICES | $21.1M | 4.54% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.