JIHLX Fees and Costs — U.S. High Yield Bond Fund, Class 1
Data updated: 2021-04-29
The net expense ratio is 0.86%: a 0.75% management fee, a 0.05% 12b-1 fee plus 0.07% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $1 in broker commissions, and portfolio turnover was 82%.
JIHLX Fees and Expenses
Annual operating expenses and sales charges of JIHLX. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.05% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.87% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.86% |
| 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 |
JIHLX Costs Over Time
On $10,000 invested in JIHLX, assuming 5% a year before costs, total costs come to $539 over 5 years, cutting the return by 0.90% 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 0.86%) | $90 | $282 | $490 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $296 | $539 |
| Value after costs | $10,410 | $11,280 | $12,223 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
JIHLX 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): —
- Total broker commissions: $1
- Bought from dealers (principal trades, not a cost): $430.0M
- Portfolio turnover (prospectus): 82%
- Securities on loan, average value: $12.6M
- Net income from securities lending: $115K (0.049% of average net assets)
JIHLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1 | 100.00% |
JIHLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $94.2M | 26.06% |
| J.P. Morgan Securities LLC | $45.6M | 12.62% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $39.3M | 10.87% |
| Citigroup Global Markets Holdings Inc. | $37.6M | 10.41% |
| Robert W. Baird & Co. Incorporated | $29.4M | 8.12% |
| Morgan Stanley & Co. LLC | $29.1M | 8.04% |
| Goldman Sachs & Co. LLC | $29.0M | 8.02% |
| Barclays Bank PLC | $24.4M | 6.75% |
| Royal Bank of Canada | $16.7M | 4.61% |
| Jefferies LLC | $16.2M | 4.49% |
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.