C000007638 Fees and Costs — JPMorgan Intrepid America Fund, Class I
Data updated: 2019-11-25
The net expense ratio is 0.59%: a 0.30% management fee plus 0.35% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $2.1M in broker commissions, 0.0600% of average net assets, and portfolio turnover was 98%.
C000007638 Fees and Expenses
Annual operating expenses and sales charges of C000007638. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 0.65% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.59% |
| 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 |
C000007638 Costs Over Time
On $10,000 invested in C000007638, assuming 5% a year before costs, total costs come to $409 over 5 years, cutting the return by 0.68% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $11 | $37 |
| Total costs | $68 | $224 | $409 |
| Value after costs | $10,432 | $11,352 | $12,353 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
C000007638 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0600%
- Total broker commissions: $2.1M
- Bought from dealers (principal trades, not a cost): $11.8M
- Portfolio turnover (prospectus): 98%
- Securities on loan, average value: $18.9M
- Net income from securities lending: $123K (0.003% of average net assets)
C000007638 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co., Inc. | $356K | 18.87% |
| Jefferies LLC | $319K | 16.91% |
| Credit Suisse Securities (USA) LLC | $265K | 14.01% |
| BofA Securities, Inc. | $225K | 11.92% |
| Deutsche Bank Securities, Inc. | $150K | 7.95% |
| UBS Securities LLC | $130K | 6.87% |
| Liquidnet, Inc. | $122K | 6.47% |
| Goldman Sachs & Co. LLC | $119K | 6.28% |
| Barclays Capital, Inc. | $113K | 5.99% |
| Citigroup Global Markets Inc. | $89K | 4.72% |
C000007638 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Suntrust Investment Services, Inc. | $9.0M | 76.71% |
| Credit Suisse Securities (USA) LLC | $2.7M | 23.29% |
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.