JHAIX Fees and Costs — Multi-Asset Absolute Return Fund, Class I
Data updated: 2026-07-27
The net expense ratio is 1.31%: a 1.04% management fee plus 0.28% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0022% of average net assets, and portfolio turnover was 66%.
JHAIX Fees and Expenses
Annual operating expenses and sales charges of JHAIX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.04% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.28% |
| Gross expense ratio | 1.32% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.31% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JHAIX Costs Over Time
On $10,000 invested in JHAIX, assuming 5% a year before costs, total costs come to $816 over 5 years, cutting the return by 1.38% 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 1.31%) | $138 | $428 | $739 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $138 | $450 | $816 |
| Value after costs | $10,362 | $11,126 | $11,947 |
| Impact on return, per year | 1.38% | 1.38% | 1.38% |
JHAIX 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): 0.0022%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $1.8M
- Portfolio turnover (prospectus): 66%
- Securities lending: none during the year
JHAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Bank PLC | $3K | 63.37% |
| Morgan Stanley & Co. LLC | $567 | 10.60% |
| J.P. Morgan Securities LLC | $470 | 8.77% |
| Royal Bank of Canada | $280 | 5.24% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $211 | 3.93% |
| Citigroup Global Markets Holdings Inc. | $169 | 3.15% |
| Luminex Trading & Analytics LLC | $109 | 2.04% |
| Goldman Sachs & Co. LLC | $63 | 1.18% |
| Jefferies LLC | $53 | 1.00% |
| UBS AG | $39 | 0.73% |
JHAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $533K | 29.37% |
| Citigroup Global Markets Holdings Inc. | $396K | 21.83% |
| J.P. Morgan Securities LLC | $287K | 15.80% |
| Societe Generale SA | $177K | 9.73% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $110K | 6.06% |
| Royal Bank of Canada | $89K | 4.93% |
| Wells Fargo Securities, LLC | $87K | 4.79% |
| NatWest Markets PLC | $82K | 4.50% |
| Goldman Sachs & Co. LLC | $54K | 2.99% |
Multi-Asset Absolute Return Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000107912 | Class NAV | 1.20% | — |
| JHASX | Class R6 | 1.21% | none |
| JHAIX | Class I | 1.31% | none |
| JHAAX | Class A | 1.61% | 5.00% |
| JHARX | Class R2 | 1.70% | none |
| JHACX | Class C | 2.31% | none |
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.