C000172991 Fees and Costs — JPMorgan High Yield Opportunities Fund, Class I
Data updated: 2020-01-28
The net expense ratio is 0.75%: a 0.50% management fee plus 1.05% other expenses, less a 0.81% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $171 in broker commissions, 0.0006% of average net assets, and portfolio turnover was 35%.
C000172991 Fees and Expenses
Annual operating expenses and sales charges of C000172991. Prospectus, as of June 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.05% |
| Gross expense ratio | 1.56% |
| Fee waiver | −0.81% |
| Net expense ratio | 0.75% |
| 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 |
C000172991 Costs Over Time
On $10,000 invested in C000172991, assuming 5% a year before costs, total costs come to $472 over 5 years, cutting the return by 0.79% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $259 | $472 |
| Value after costs | $10,421 | $11,318 | $12,291 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
C000172991 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): 0.0006%
- Total broker commissions: $171
- Bought from dealers (principal trades, not a cost): $17.5M
- Portfolio turnover (prospectus): 35%
- Securities on loan, average value: $618K
- Net income from securities lending: $2K (0.008% of average net assets)
C000172991 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $64 | 37.43% |
| Barclays Capital, Inc. | $47 | 27.49% |
| Citigroup Global Markets Inc. | $35 | 20.47% |
| Deutsche Bank Securities, Inc. | $25 | 14.62% |
C000172991 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | $2.8M | 18.53% |
| Goldman Sachs & Co. LLC | $2.4M | 15.82% |
| Citigroup Global Markets Inc. | $2.1M | 13.58% |
| UBS Securities LLC | $1.6M | 10.47% |
| Barclays Capital, Inc. | $1.4M | 9.07% |
| Morgan Stanley & Co., Inc. | $1.4M | 8.94% |
| Credit Suisse Securities (USA) LLC | $1.3M | 8.63% |
| Deutsche Bank Securities, Inc. | $1.1M | 7.27% |
| Wells Fargo Securities LLC | $775K | 5.05% |
| Nomura Securities International, Inc. | $404K | 2.64% |
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.