JAJYX Fees and Costs — JPMorgan SmartRetirement 2070 Fund, Class R4
Data updated: 2026-09-11
The net expense ratio is 0.65% (0.94% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $270 in broker commissions, 0.0118% of average net assets.
JAJYX Fees and Expenses
Annual operating expenses and sales charges of JAJYX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.54% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.29% |
| Net expense ratio | 0.65% |
| 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 |
JAJYX Costs Over Time
On $10,000 invested in JAJYX, assuming 5% a year before costs, total costs come to $417 over 5 years, cutting the return by 0.69% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $228 | $417 |
| Value after costs | $10,431 | $11,348 | $12,346 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
JAJYX 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): 0.0118%
- Total broker commissions: $270
- Bought from dealers (principal trades, not a cost): $9K
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
JAJYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $91 | 34.25% |
| Goldman Sachs & Co. LLC | $51 | 19.14% |
| Citadel Securities LLC | $38 | 14.27% |
| Citigroup Global Markets Inc. | $29 | 10.81% |
| Susquehanna Financial Group, LLLP | $15 | 5.56% |
| Jane Street Capital, LLC | $14 | 5.25% |
| Virtu Americas LLC | $11 | 4.18% |
| Morgan Stanley & Co. LLC | $9 | 3.51% |
| BNP Paribas Securities Corp. | $4 | 1.68% |
| RBC Capital Markets, LLC | $4 | 1.35% |
JAJYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $6K | 66.75% |
| Wells Fargo Securities, LLC | $3K | 33.25% |
JPMorgan SmartRetirement 2070 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JAKBX | Class R6 | 0.40% | — |
| JAJZX | Class R5 | 0.50% | — |
| JAJTX | Class I | 0.65% | none |
| JAJYX | Class R4 | 0.65% | — |
| JAJKX | Class A | 0.84% | 4.50% |
| JAJVX | Class R3 | 0.90% | — |
| JAJUX | Class R2 | 1.15% | — |
| JAJSX | Class C | 1.40% | 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.