JNVSX Fees and Costs — Jensen Quality Mid Cap Fund, Class J
Data updated: 2026-10-16
The net expense ratio is 1.05% (1.14% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $6K in broker commissions, 0.0045% of average net assets, and portfolio turnover was 29%.
JNVSX Fees and Expenses
Annual operating expenses and sales charges of JNVSX. Prospectus, as of September 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | — |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.09% |
| Net expense ratio | 1.05% |
| 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 | Yes |
JNVSX Costs Over Time
On $10,000 invested in JNVSX, assuming 5% a year before costs, total costs come to $659 over 5 years, cutting the return by 1.11% 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 1.05%) | $110 | $344 | $596 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $111 | $362 | $659 |
| Value after costs | $10,389 | $11,214 | $12,104 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
JNVSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0045%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
JNVSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $2K | 32.32% |
| BNY MELLON CAPITAL MARKETS, LLC | $2K | 29.00% |
| CLEAR STREET LLC | $2K | 25.57% |
| KNIGHT DIRECT, LLC | $766 | 12.86% |
| COWEN EXECUTION SERVICES LLC | $15 | 0.25% |
Jensen Quality Mid Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JNVYX | Class Y | 0.80% | — |
| JNVIX | Class I | 0.82% | — |
| JNVSX | Class J | 1.05% | — |
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.