C000129578 Fees and Costs — JPMorgan Emerging Markets Corporate Debt Fund, Class I
Data updated: 2020-04-29
The net expense ratio is 0.95%: a 0.60% management fee plus 0.48% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $11K in broker commissions, 0.0054% of average net assets, and portfolio turnover was 72%.
C000129578 Fees and Expenses
Annual operating expenses and sales charges of C000129578. Prospectus, as of June 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.48% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.95% |
| 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 |
C000129578 Costs Over Time
On $10,000 invested in C000129578, assuming 5% a year before costs, total costs come to $598 over 5 years, cutting the return by 1.00% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $329 | $598 |
| Value after costs | $10,400 | $11,248 | $12,165 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
C000129578 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0054%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $300.8M
- Portfolio turnover (prospectus): 72%
- Securities on loan, average value: $934K
- Net income from securities lending: $2K (0.001% of average net assets)
C000129578 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $3K | 22.53% |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | $2K | 16.84% |
| Deutsche Bank Securities, Inc. | $2K | 14.55% |
| Barclays Capital, Inc. | $2K | 14.41% |
| Citigroup Global Markets Inc. | $1K | 11.37% |
| Credit Suisse Securities (USA) LLC | $1K | 11.20% |
| Morgan Stanley & Co., Inc. | $1K | 9.10% |
C000129578 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $51.7M | 20.37% |
| Barclays Capital, Inc. | $43.6M | 17.20% |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | $38.9M | 15.34% |
| Goldman Sachs & Co. LLC | $36.3M | 14.32% |
| HSBC Securities (USA) Inc. | $26.3M | 10.38% |
| Nomura Securities International, Inc. | $18.2M | 7.16% |
| Jefferies LLC | $15.0M | 5.91% |
| Morgan Stanley & Co., Inc. | $10.5M | 4.16% |
| Standard Chartered Securities North America LLC | $7.2M | 2.83% |
| Santander Investment Securities, Inc. | $5.9M | 2.33% |
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.