JORSX Fees and Costs — Small Cap Core Fund, Class R6
Data updated: 2026-09-25
The net expense ratio is 0.87%: a 0.82% management fee plus 0.06% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.0M in broker commissions, 0.0943% of average net assets, and portfolio turnover was 63%.
JORSX Fees and Expenses
Annual operating expenses and sales charges of JORSX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.82% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.88% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.87% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JORSX Costs Over Time
On $10,000 invested in JORSX, assuming 5% a year before costs, total costs come to $604 over 5 years, cutting the return by 1.01% 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 0.87%) | $91 | $285 | $495 |
| Trading costs (broker commissions) | $10 | $31 | $54 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $332 | $604 |
| Value after costs | $10,399 | $11,245 | $12,159 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
JORSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0943%
- Total broker commissions: $2.0M
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 63%
- Securities lending: none during the year
JORSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $315K | 20.48% |
| Piper Sandler & Co. | $255K | 16.58% |
| Evercore Group L.L.C. | $178K | 11.56% |
| BNY Mellon Capital Markets, LLC | $162K | 10.52% |
| Goldman Sachs & Co. LLC | $147K | 9.54% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $119K | 7.72% |
| Royal Bank of Canada | $112K | 7.27% |
| Bernstein Institutional Services LLC | $95K | 6.18% |
| Jefferies LLC | $87K | 5.66% |
| UBS AG | $69K | 4.49% |
JORSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $2.0B | 99.94% |
| Morgan Stanley & Co. LLC | $1.2M | 0.06% |
Small Cap Core Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000134720 | Class NAV | 0.86% | — |
| JORSX | Class R6 | 0.87% | none |
| JCCIX | Class I | 0.98% | none |
| JCCAX | Class A | 1.23% | 5.00% |
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.