JMCRX Fees and Costs — James Micro Cap Fund
Data updated: 2026-09-11
The net expense ratio is 1.50%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4K in broker commissions, 0.0155% of average net assets, and portfolio turnover was 6%.
JMCRX Fees and Expenses
Annual operating expenses and sales charges of JMCRX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.46% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.04% |
| Gross expense ratio | — |
| Fee waiver | — |
| Net expense ratio | 1.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
JMCRX Costs Over Time
On $10,000 invested in JMCRX, assuming 5% a year before costs, total costs come to $938 over 5 years, cutting the return by 1.59% 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 1.50%) | $158 | $489 | $843 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $25 | $86 |
| Total costs | $159 | $518 | $938 |
| Value after costs | $10,341 | $11,058 | $11,825 |
| Impact on return, per year | 1.59% | 1.59% | 1.59% |
JMCRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0155%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $983K
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
JMCRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JONES TRADING INSTITUTIONAL SERVICES LLC | $3K | 61.53% |
| PIPER SANDLER | $2K | 38.47% |
JMCRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TRADEWEB DIRECT LLC | $983K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.