JEMSX Fees and Costs — JPMorgan Emerging Markets Equity Fund, Class I
Data updated: 2026-09-28
The net expense ratio is 0.94%: a 0.68% management fee plus 0.38% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4.8M in broker commissions, 0.0661% of average net assets, and portfolio turnover was 55%.
JEMSX Fees and Expenses
Annual operating expenses and sales charges of JEMSX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 1.06% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.94% |
| 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 |
JEMSX Costs Over Time
On $10,000 invested in JEMSX, assuming 5% a year before costs, total costs come to $629 over 5 years, cutting the return by 1.06% 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 0.94%) | $99 | $308 | $534 |
| Trading costs (broker commissions) | $7 | $22 | $38 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $346 | $629 |
| Value after costs | $10,394 | $11,230 | $12,134 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
JEMSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0661%
- Total broker commissions: $4.8M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $8.6M
- Net income from securities lending: $78K (0.001% of average net assets)
JEMSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $1.1M | 28.87% |
| Morgan Stanley & Co. LLC | $635K | 17.36% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $415K | 11.34% |
| Jefferies LLC | $388K | 10.62% |
| Citigroup Global Markets Inc. | $251K | 6.87% |
| Goldman Sachs & Co. LLC | $243K | 6.63% |
| Motilal Oswal Securities International Private Limited | $230K | 6.29% |
| CLSA Americas, LLC | $175K | 4.79% |
| Macquarie Capital (USA) Inc. | $133K | 3.65% |
| BNP Paribas Securities Corp. | $131K | 3.59% |
JPMorgan Emerging Markets 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 |
|---|---|---|---|
| JEMWX | Class R6 | 0.74% | — |
| JEMOX | Class R5 | 0.84% | — |
| JMIEX | Class L | 0.91% | — |
| JEMSX | Class I | 0.94% | none |
| JHUKX | Class R4 | 0.99% | — |
| JFAMX | Class A | 1.19% | 5.25% |
| JHURX | Class R3 | 1.24% | — |
| JHUJX | Class R2 | 1.49% | — |
| JEMCX | Class C | 1.69% | 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.