Fund Evaluator:
James Aggressive Allocation (JAVAX)
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Fund Details
James Aggressive Allocation Overview
James Aggressive Allocation (JAVAX) is an actively managed Allocation Moderately Aggressive Allocation fund. James Advantage launched the fund in 2015.
The investment seeks to provide total return through a combination of growth and income. Under normal circumstances, the fund invests primarily in equity securities of foreign and domestic companies that the Adviser believes are undervalued, and in high quality fixed income securities. The fund will normally hold both equity securities and fixed income securities, with typically at least 60% of its assets in equity securities and at least 15% of its assets in fixed income securities.
About James Aggressive Allocation (JAVAX)
There are 3 members of the management team with an average tenure of 11.18 years: R. Culpepper (2015), Brian Shepardson (2015), Trent Dysert (2015). Management tenure is more important for actively managed funds than passive index funds.
The fund has 3 primary benchmarks: VettaFi US Equity 3000 TR USD index with a weighting of 100%, Bloomberg US Agg Gov/Credit Value TR USD index with a weighting of 35% and VettaFi US Equity 3000 TR USD index with a weighting of 65%. James Aggressive Allocation has 81 securities in its portfolio. The top 10 holdings constitute 32.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
James Aggressive Allocation is part of the Allocation global asset class and is within the Allocation fund group. James Aggressive Allocation has 12.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 70.5%. There is 11.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 13.5% (12.9% domestic bond, 0.6% foreign bond and 0.0% convertible bond). James Aggressive Allocation has 3.6% of the portfolio in cash.
Assets Under Management
The fund has $32 million in total assets, which is below the $572 million average for the Moderately Aggressive Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
JAVAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The James Aggressive Allocation expense ratio is high compared to funds in the Moderately Aggressive Allocation category. James Aggressive Allocation has an expense ratio of 1.02%, which is 1% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. James Aggressive Allocation has a portfolio turnover rate of 12%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 34% for the Moderately Aggressive Allocation category.
Recently, in the month of August 2026, James Aggressive Allocation returned 0.2%, which earned it a grade of F, as the Moderately Aggressive Allocation category had an average return of 1.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
James Aggressive Allocation has a trailing yield of 0.50%, which is below the 1.45% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
James Aggressive Allocation Grades
Year to date, the fund has returned 11.9%, 0.1 percentage points better than the category, which translates into a grade of B. The fund has returned 18.0% over the past year (grade of C), 17.6% over the past three years (grade of B) and 10.1% per year over the past five years (grade of A) and 7.3% per year over the past 10 years (grade of F).
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JAVAX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| JAVAX Return (NAV) | 0.2% | 1.0% | 18.0% | 17.6% | 10.1% | 7.3% |
| JAVAX Grade | F | D | C | B | A | F |
| +/- Category | -1.7% | -1.0% | 0.4% | 0.9% | 1.4% | -3.1% |
| Moderately Aggressive Allocation Avg | 1.9% | 2.0% | 17.7% | 16.6% | 8.7% | 10.4% |
| JAVAX Tax Cost Ratio | na | na | 0.2% | 0.3% | 0.2% | 0.3% |
JAVAX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| JAVAX Return (NAV) | 11.9% | 15.9% | 19.1% | 19.3% | -15.8% | 16.9% | -1.4% | 14.2% | -13.3% | 11.4% | 9.1% |
| JAVAX Grade | B | C | B | B | B | C | F | F | F | F | B |
| +/- Category | 0.1% | -0.1% | 3.4% | 2.8% | -0.1% | -1.2% | -14.4% | -8.4% | -6.3% | -5.8% | -0.2% |
| Moderately Aggressive Allocation Avg | 11.8% | 16.0% | 15.7% | 16.5% | -15.7% | 18.1% | 13.0% | 22.6% | -7.0% | 17.2% | 9.3% |
| Risk Measures | |
| Standard Deviation: | 11.4% |
| Total Risk Index: | 0.94 - Average |
| Category Risk Index: | 1.03 - High |
| Category Risk Grade: | F (83% Rank) |
| Beta: | 1.08 |
| R-Squared: | 76% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.5% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $32 Mil |
| Fund Total Assets: | $ 32 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 12% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 11.2 years | |||
| Average Tenure: 11.2 years | |||
| Managers (Year): Culpepper R. (2015), Shepardson Brian (2015), Dysert Trent (2015) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 81 |
| % in Top 10 Holdings: | 32.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 12.5% |
Portfolio Allocation |
|
| Domestic Stock: | 70.5% |
| Foreign Stock: | 11.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 12.9% |
| Foreign Bond: | 0.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.6% |
| Cash: | 3.6% |
Purchase Information
| Fund Family: | James Advantage |
| Phone Number: | 800-995-2637 |
| Website: | www.jamesfunds.com |
| Status: | Open |
| Inception Date: | July 1, 2015 |
| Min. Initial Purchase: | $10,000 |
| Min. Initial IRA Purchase: | $5,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.02% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.03% |
| Share Class: | James Aggressive Allocation |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
