C000020091 Fees and Costs — JPMorgan International Advantage Fund, Class I
Data updated: 2021-03-25
The net expense ratio is 0.70%: a 0.50% management fee plus 0.37% other expenses, less a 0.17% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $2.2M in broker commissions, 0.1286% of average net assets, and portfolio turnover was 71%.
C000020091 Fees and Expenses
Annual operating expenses and sales charges of C000020091. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.37% |
| Gross expense ratio | 0.87% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.70% |
| 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 |
C000020091 Costs Over Time
On $10,000 invested in C000020091, assuming 5% a year before costs, total costs come to $520 over 5 years, cutting the return by 0.87% 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 0.70%) | $74 | $230 | $399 |
| Trading costs (broker commissions) | $14 | $42 | $73 |
| Lost growth on money paid in costs | $0 | $13 | $48 |
| Total costs | $87 | $285 | $520 |
| Value after costs | $10,413 | $11,291 | $12,243 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
C000020091 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.1286%
- Total broker commissions: $2.2M
- Bought from dealers (principal trades, not a cost): $13.3M
- Portfolio turnover (prospectus): 71%
- Securities on loan, average value: $24.7M
- Net income from securities lending: $177K (0.010% of average net assets)
C000020091 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $793K | 39.96% |
| Goldman Sachs & Co. LLC | $486K | 24.48% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $395K | 19.91% |
| Liquidnet, Inc. | $81K | 4.08% |
| HSBC Securities (USA) Inc. | $52K | 2.61% |
| Jefferies LLC | $44K | 2.24% |
| Virtu ITG LLC | $39K | 1.96% |
| Societe Generale | $33K | 1.65% |
| Morgan Stanley & Co. LLC | $32K | 1.60% |
| Credit Suisse Securities (USA) LLC | $30K | 1.52% |
C000020091 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $3.7M | 27.43% |
| Mediobanco S.p.A. | $3.3M | 25.06% |
| Berenberg Capital Markets LLC | $2.9M | 21.93% |
| Goldman Sachs & Co. LLC | $2.4M | 17.86% |
| Macquarie Group Limited | $1.0M | 7.72% |
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.