JHVIX Fees and Costs — International Value Fund, Class NAV
Data updated: 2020-11-12
The net expense ratio is 0.84%: a 0.77% management fee plus 0.08% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $383K in broker commissions, 0.1670% of average net assets, and portfolio turnover was 36%.
JHVIX Fees and Expenses
Annual operating expenses and sales charges of JHVIX. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.77% |
| 12b-1 fee | — |
| Other expenses | 0.08% |
| Gross expense ratio | 0.85% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.84% |
| 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 |
JHVIX Costs Over Time
On $10,000 invested in JHVIX, assuming 5% a year before costs, total costs come to $630 over 5 years, cutting the return by 1.06% 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 0.84%) | $88 | $275 | $477 |
| Trading costs (broker commissions) | $18 | $55 | $95 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $346 | $630 |
| Value after costs | $10,394 | $11,230 | $12,133 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
JHVIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1670%
- Total broker commissions: $383K
- Bought from dealers (principal trades, not a cost): $2.3B
- Portfolio turnover (prospectus): 36%
- Securities on loan, average value: $3.0M
- Net income from securities lending: $42K (0.018% of average net assets)
JHVIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Holdings Inc. | $149K | 46.22% |
| J.P. Morgan Securities LLC | $66K | 20.46% |
| Goldman Sachs & Co. LLC | $28K | 8.65% |
| Credit Suisse AG | $16K | 5.00% |
| UBS AG | $13K | 3.98% |
| HSBC Bank PLC | $12K | 3.87% |
| Royal Bank of Canada | $10K | 3.18% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $10K | 3.14% |
| Jefferies LLC | $10K | 3.04% |
| Morgan Stanley & Co. LLC | $8K | 2.46% |
JHVIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.4B | 62.42% |
| Citigroup Global Markets Holdings Inc. | $527.3M | 23.93% |
| UBS AG | $172.6M | 7.83% |
| Goldman Sachs & Co. LLC | $47.5M | 2.16% |
| Credit Suisse AG | $19.5M | 0.89% |
| Jefferies LLC | $16.3M | 0.74% |
| Morgan Stanley & Co. LLC | $13.0M | 0.59% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $11.3M | 0.51% |
| Royal Bank of Canada | $10.7M | 0.49% |
| Scotia Capital Inc. | $9.8M | 0.45% |
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.