JIMSX Fees and Costs — Mid Cap Stock Fund, Class 1
Data updated: 2021-11-12
The net expense ratio is 0.91%: a 0.83% management fee, a 0.05% 12b-1 fee plus 0.04% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $897K in broker commissions, 0.0447% of average net assets, and portfolio turnover was 86%.
JIMSX Fees and Expenses
Annual operating expenses and sales charges of JIMSX. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.83% |
| 12b-1 fee | 0.05% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.92% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.91% |
| 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 |
JIMSX Costs Over Time
On $10,000 invested in JIMSX, assuming 5% a year before costs, total costs come to $598 over 5 years, cutting the return by 1.00% 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 0.91%) | $96 | $298 | $518 |
| Trading costs (broker commissions) | $5 | $15 | $25 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $328 | $598 |
| Value after costs | $10,400 | $11,248 | $12,165 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
JIMSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0447%
- Total broker commissions: $897K
- Bought from dealers (principal trades, not a cost): $8.7B
- Portfolio turnover (prospectus): 86%
- Securities on loan, average value: $44.1M
- Net income from securities lending: $203K (0.010% of average net assets)
JIMSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $125K | 18.06% |
| Citigroup Global Markets Holdings Inc. | $100K | 14.44% |
| BTIG, LLC | $82K | 11.87% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $81K | 11.65% |
| Cowen & Company | $67K | 9.60% |
| Morgan Stanley & Co. LLC | $55K | 7.92% |
| Goldman Sachs & Co. LLC | $55K | 7.88% |
| Credit Suisse AG | $49K | 7.05% |
| Cantor Fitzgerald & Co. | $43K | 6.17% |
| J.P. Morgan Securities LLC | $37K | 5.35% |
JIMSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Cowen & Company | $8.6B | 99.08% |
| J.P. Morgan Securities LLC | $36.8M | 0.42% |
| Goldman Sachs & Co. LLC | $23.6M | 0.27% |
| Continental Stock Transfer & Trust Company | $17.9M | 0.21% |
| Morgan Stanley & Co. LLC | $1.9M | 0.02% |
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.