JOPPX Fees and Costs — Johnson Opportunity Fund, Class I
Data updated: 2026-08-28
The net expense ratio is 0.90%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $93K in broker commissions, 0.0526% of average net assets, and portfolio turnover was 29%.
JOPPX Fees and Expenses
Annual operating expenses and sales charges of JOPPX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.90% |
| Fee waiver | — |
| Net expense ratio | 0.90% |
| 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 |
JOPPX Costs Over Time
On $10,000 invested in JOPPX, assuming 5% a year before costs, total costs come to $596 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $6 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $328 | $596 |
| Value after costs | $10,400 | $11,249 | $12,166 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
JOPPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0526%
- Total broker commissions: $93K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
JOPPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS LLC | $26K | 28.60% |
| MORGAN STANLEY & CO. LLC | $23K | 24.61% |
| STIFEL, NICOLAUS & CO. | $13K | 13.54% |
| EVERCORE GROUP LLC | $12K | 12.90% |
| PIPER SANDLER & CO. | $10K | 11.07% |
| KEEFE, BRUYETTE & WOODS INC. | $5K | 5.41% |
| JP MORGAN SECURITIES LLC | $4K | 3.86% |
Johnson Opportunity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JOPPX | Class I | 0.90% | — |
| JOSSX | Class S | 1.15% | — |
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.