C000219811 Fees and Costs — JPMorgan SmartSpending 2020 Fund, Class R5
Data updated: 2022-02-25
The net expense ratio is 0.29% (0.79% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $2K in broker commissions, 0.0083% of average net assets, and portfolio turnover was 95%.
C000219811 Fees and Expenses
Annual operating expenses and sales charges of C000219811. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.45% |
| Gross expense ratio | 0.79% |
| Fee waiver | −0.50% |
| Net expense ratio | 0.29% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000219811 Costs Over Time
On $10,000 invested in C000219811, assuming 5% a year before costs, total costs come to $189 over 5 years, cutting the return by 0.31% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $31 | $103 | $189 |
| Value after costs | $10,469 | $11,473 | $12,574 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
C000219811 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0083%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $29.1M
- Portfolio turnover (prospectus): 95%
- Securities lending: none during the year
C000219811 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $784 | 40.39% |
| Citigroup Global Markets Inc. | $341 | 17.58% |
| Goldman Sachs & Co. LLC | $192 | 9.88% |
| UBS Securities LLC | $178 | 9.18% |
| Barclays Capital, Inc. | $102 | 5.23% |
| BofA Securities, Inc. | $99 | 5.11% |
| Jane Street Execution Services, LLC | $86 | 4.45% |
| RBC Capital Markets, LLC | $71 | 3.63% |
| Flow Traders U.S. Institutional Trading LLC | $61 | 3.13% |
| Piper Sandler & Co. | $28 | 1.42% |
C000219811 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $8.5M | 32.26% |
| Wells Fargo Securities, LLC | $8.3M | 31.37% |
| Goldman Sachs & Co. LLC | $2.6M | 9.83% |
| BofA Securities, Inc. | $1.8M | 6.94% |
| Citigroup Global Markets Inc. | $1.8M | 6.79% |
| HSBC Securities (USA) Inc. | $912K | 3.44% |
| Deutsche Bank Securities Inc. | $786K | 2.97% |
| BOK Financial Securities, Inc. | $759K | 2.86% |
| Barclays Capital, Inc. | $513K | 1.94% |
| Credit Suisse Securities (USA) LLC | $424K | 1.60% |
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.