JDESX Fees and Costs — JPMorgan U.S. Research Enhanced Equity Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 0.35%: a 0.25% management fee plus 0.33% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $923K in broker commissions, 0.0081% of average net assets, and portfolio turnover was 28%.
JDESX Fees and Expenses
Annual operating expenses and sales charges of JDESX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 0.58% |
| Fee waiver | −0.23% |
| Net expense ratio | 0.35% |
| 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 |
JDESX Costs Over Time
On $10,000 invested in JDESX, assuming 5% a year before costs, total costs come to $227 over 5 years, cutting the return by 0.38% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $38 | $124 | $227 |
| Value after costs | $10,462 | $11,452 | $12,536 |
| Impact on return, per year | 0.38% | 0.38% | 0.38% |
JDESX 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): 0.0081%
- Total broker commissions: $923K
- Bought from dealers (principal trades, not a cost): $15.3M
- Portfolio turnover (prospectus): 28%
- Securities lending: none during the year
JDESX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $112K | 15.30% |
| Goldman Sachs & Co. LLC | $101K | 13.70% |
| RBC Capital Markets, LLC | $99K | 13.50% |
| UBS Securities LLC | $90K | 12.30% |
| Barclays Capital, Inc. | $85K | 11.57% |
| Morgan Stanley & Co. LLC | $61K | 8.28% |
| BMO Capital Markets Corp. | $50K | 6.88% |
| BNP Paribas Securities Corp. | $49K | 6.71% |
| Liquidnet, Inc. | $45K | 6.11% |
| Jefferies LLC | $41K | 5.65% |
JDESX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $15.3M | 100.00% |
JPMorgan U.S. Research Enhanced Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JDEUX | Class R6 | 0.25% | — |
| JDESX | Class I | 0.35% | none |
| JDEAX | Class A | 0.60% | 5.25% |
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.