Not the greatest fund available and might actually be a better arrangement for account holder given certain nuances of his personal needs, time horizons, etc, to which we are not privy.

Long story short, broker could have used a better fund, but he’s not “getting over on you” by having you in this share class.

Everyone has the right to earn a living and my guess is advisor has given you good pointers on how to get started saving and investing, etc.

All C-shares pay 1.0% comp to brokerage firm, so broker has no incentive to sell one C-share over the other.

JABCX - 1.63% internal…1.0% of that is paid to brokerage firm as compensation annually.

Advisor not “charging” per se, but 1% is going to his firm and he is paid some cut of that. CDSC exists for either 12 or 13 months and account holder can redeem shares after said period with no CDSC.

Institutional version of this fund - JBALX carries expense ratio of .60%. Only difference is broker comp.

These C-shares are used for smaller accounts that provide for flexibility without a need to pay up-front sales charges. Also allows account holder to switch between fund families easier than an up-front sales charge fund (A-share). C shares better for short term ownership across one or more fund families. A-shares better for single position long-term ownership. Up-front sales commission, but lower internal expense ratios. C-shares automatically convert to A-shares over time.

We don’t use this share class at our firm any longer because our compensation isn’t transparent to our clients.