JECUX Fees and Costs — JPMorgan Emerging Markets Strategic Debt Fund, Class R6
Data updated: 2022-03-25
The net expense ratio is 0.70%: a 0.65% management fee plus 0.14% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $8K in broker commissions, 0.0014% of average net assets, and portfolio turnover was 62%.
JECUX Fees and Expenses
Annual operating expenses and sales charges of JECUX. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.79% |
| Fee waiver | −0.09% |
| Net expense ratio | 0.70% |
| 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 |
JECUX Costs Over Time
On $10,000 invested in JECUX, assuming 5% a year before costs, total costs come to $441 over 5 years, cutting the return by 0.74% 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) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $242 | $441 |
| Value after costs | $10,426 | $11,334 | $12,321 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
JECUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0014%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
JECUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $4K | 46.19% |
| Citigroup Global Markets Inc. | $3K | 35.74% |
| Goldman Sachs & Co. LLC | $790 | 10.26% |
| Morgan Stanley & Co. LLC | $602 | 7.82% |
JECUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $209.7M | 24.38% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $139.4M | 16.21% |
| Jefferies LLC | $132.5M | 15.40% |
| HSBC Securities (USA) Inc. | $84.5M | 9.82% |
| Barclays Capital, Inc. | $71.5M | 8.31% |
| Goldman Sachs & Co. LLC | $64.0M | 7.44% |
| Deutsche Bank Securities Inc. | $44.8M | 5.21% |
| Morgan Stanley & Co. LLC | $44.5M | 5.17% |
| BofA Securities, Inc. | $37.1M | 4.32% |
| BNP Paribas Securities Corp. | $32.2M | 3.75% |
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.