C000007640 Fees and Costs — JPMorgan Intrepid America Fund, Class C
Data updated: 2019-11-25
The net expense ratio is 1.34%: a 0.30% management fee, a 0.75% 12b-1 fee plus 0.36% other expenses, less a 0.07% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2019 the fund paid $2.1M in broker commissions, 0.0600% of average net assets, and portfolio turnover was 98%.
C000007640 Fees and Expenses
Annual operating expenses and sales charges of C000007640. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.75% |
| Other expenses | 0.36% |
| Gross expense ratio | 1.41% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.34% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000007640 Costs Over Time
On $10,000 invested in C000007640, assuming 5% a year before costs, total costs come to $869 over 5 years, cutting the return by 1.47% 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 |
| Sales charges | $104 | $0 | $0 |
| Fund expenses (net expense ratio 1.34%) | $141 | $437 | $755 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $251 | $479 | $869 |
| Value after costs | $10,249 | $11,097 | $11,894 |
| Impact on return, per year | 2.51% | 1.47% | 1.47% |
C000007640 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)
C000007640 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% |
C000007640 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.