HLIEX Fees and Costs — JPMorgan Equity Income Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 0.70%: a 0.40% management fee plus 0.30% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $5.4M in broker commissions, 0.0125% of average net assets, and portfolio turnover was 20%.
HLIEX Fees and Expenses
Annual operating expenses and sales charges of HLIEX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.30% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| 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 |
HLIEX Costs Over Time
On $10,000 invested in HLIEX, assuming 5% a year before costs, total costs come to $448 over 5 years, cutting the return by 0.75% 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 | $400 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $246 | $448 |
| Value after costs | $10,425 | $11,331 | $12,315 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
HLIEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0125%
- Total broker commissions: $5.4M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $2.3M
- Net income from securities lending: $12K (0.000% of average net assets)
HLIEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $935K | 23.79% |
| Morgan Stanley & Co. LLC | $927K | 23.60% |
| Barclays Capital, Inc. | $346K | 8.82% |
| Jefferies LLC | $345K | 8.78% |
| UBS Securities LLC | $341K | 8.67% |
| RBC Capital Markets, LLC | $276K | 7.02% |
| Goldman Sachs & Co. LLC | $249K | 6.35% |
| Citigroup Global Markets Inc. | $180K | 4.57% |
| TD SECURITIES (USA) LLC | $174K | 4.43% |
| Citadel Securities LLC | $157K | 3.99% |
JPMorgan Equity Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| OIEJX | Class R6 | 0.45% | — |
| OIERX | Class R5 | 0.55% | — |
| HLIEX | Class I | 0.70% | none |
| OIEQX | Class R4 | 0.70% | — |
| OIEIX | Class A | 0.95% | 5.25% |
| OIEPX | Class R3 | 0.95% | — |
| OIEFX | Class R2 | 1.20% | — |
| OINCX | Class C | 1.45% | 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.