JIHDX Fees and Costs — High Yield Fund, Class 1
Data updated: 2025-01-28
The net expense ratio is 0.85%: a 0.70% management fee, a 0.05% 12b-1 fee plus 0.11% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $2K in broker commissions, 0.0012% of average net assets, and portfolio turnover was 47%.
JIHDX Fees and Expenses
Annual operating expenses and sales charges of JIHDX. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.05% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.86% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | — |
| 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 |
JIHDX Costs Over Time
On $10,000 invested in JIHDX, assuming 5% a year before costs, total costs come to $534 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 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $293 | $534 |
| Value after costs | $10,411 | $11,283 | $12,229 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
JIHDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0012%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $377.1M
- Portfolio turnover (prospectus): 47%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $20K (0.010% of average net assets)
JIHDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Stifel, Nicolaus & Company, Incorporated | $2K | 100.00% |
JIHDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Holdings Inc. | $120.4M | 34.76% |
| State Street Global Markets, LLC | $112.6M | 32.52% |
| J.P. Morgan Securities LLC | $32.3M | 9.32% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $25.2M | 7.28% |
| Goldman Sachs & Co. LLC | $22.4M | 6.47% |
| Morgan Stanley & Co. LLC | $8.8M | 2.54% |
| Royal Bank of Canada | $6.6M | 1.90% |
| Pershing LLC | $6.6M | 1.90% |
| UBS AG | $5.9M | 1.71% |
| Wells Fargo Securities, LLC | $5.5M | 1.59% |
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.