GBONX Fees and Costs — JPMorgan Global Bond Opportunities Fund, Class R6
Data updated: 2026-07-28
The net expense ratio is 0.50%: a 0.45% management fee plus 0.12% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $399K in broker commissions, 0.0108% of average net assets, and portfolio turnover was 111%.
GBONX Fees and Expenses
Annual operating expenses and sales charges of GBONX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.58% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.50% |
| 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 |
GBONX Costs Over Time
On $10,000 invested in GBONX, assuming 5% a year before costs, total costs come to $323 over 5 years, cutting the return by 0.54% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $54 | $176 | $323 |
| Value after costs | $10,446 | $11,400 | $12,440 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
GBONX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0108%
- Total broker commissions: $399K
- Bought from dealers (principal trades, not a cost): $8.4B
- Portfolio turnover (prospectus): 111%
- Securities lending: none during the year
GBONX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Marex Capital Markets, Inc. | $106K | 26.46% |
| Morgan Stanley & Co. LLC | $65K | 16.36% |
| UBS Securities LLC | $57K | 14.18% |
| BNP Paribas Securities Corp. | $51K | 12.90% |
| Citigroup Global Markets Inc. | $43K | 10.69% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $28K | 7.05% |
| Goldman Sachs & Co. LLC | $24K | 5.90% |
| RBC Capital Markets, LLC | $17K | 4.22% |
| Barclays Capital, Inc. | $9K | 2.15% |
| Deutsche Bank Securities Inc. | $377 | 0.09% |
GBONX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $2.2B | 27.62% |
| Wells Fargo Securities, LLC | $1.8B | 22.88% |
| Citigroup Global Markets Inc. | $1.7B | 20.83% |
| BofA Securities, Inc. | $660.5M | 8.32% |
| Morgan Stanley & Co. LLC | $502.7M | 6.33% |
| Goldman Sachs & Co. LLC | $476.4M | 6.00% |
| HSBC Securities (USA) Inc. | $299.9M | 3.78% |
| SANTANDER INVESTMENT S.A. | $124.8M | 1.57% |
| Deutsche Bank Securities Inc. | $113.0M | 1.42% |
| RBC Capital Markets, LLC | $99.6M | 1.25% |
JPMorgan Global Bond Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GBONX | Class R6 | 0.50% | — |
| GBOSX | Class I | 0.65% | none |
| GBOAX | Class A | 0.90% | 3.75% |
| GBOCX | Class C | 1.30% | none |
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.