JEPIX Fees and Costs — JPMorgan Equity Premium Income Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 0.59%: a 0.25% management fee plus 0.34% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $681K in broker commissions, 0.0115% of average net assets, and portfolio turnover was 178%.
JEPIX Fees and Expenses
Annual operating expenses and sales charges of JEPIX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| 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 |
JEPIX Costs Over Time
On $10,000 invested in JEPIX, assuming 5% a year before costs, total costs come to $379 over 5 years, cutting the return by 0.63% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $208 | $379 |
| Value after costs | $10,437 | $11,369 | $12,384 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
JEPIX 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): 0.0115%
- Total broker commissions: $681K
- Bought from dealers (principal trades, not a cost): $8.5B
- Portfolio turnover (prospectus): 178%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $1K (0.000% of average net assets)
JEPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $81K | 15.56% |
| UBS Securities LLC | $65K | 12.65% |
| Barclays Capital, Inc. | $64K | 12.45% |
| BofA Securities, Inc. | $63K | 12.14% |
| Jefferies LLC | $48K | 9.32% |
| Goldman Sachs & Co. LLC | $48K | 9.29% |
| J.P. Morgan Securities LLC | $44K | 8.58% |
| TD SECURITIES (USA) LLC | $36K | 6.96% |
| Liquidnet, Inc. | $36K | 6.93% |
| BNP Paribas Securities Corp. | $32K | 6.13% |
JEPIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $2.0B | 24.09% |
| RBC Capital Markets, LLC | $1.9B | 21.75% |
| BofA Securities, Inc. | $919.0M | 10.80% |
| Societe Generale | $874.9M | 10.28% |
| Morgan Stanley & Co. LLC | $854.0M | 10.04% |
| Barclays Capital, Inc. | $695.0M | 8.17% |
| Goldman Sachs & Co. LLC | $602.0M | 7.07% |
| Citigroup Global Markets Inc. | $549.0M | 6.45% |
| UBS Securities LLC | $114.0M | 1.34% |
JPMorgan Equity Premium 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 |
|---|---|---|---|
| JEPRX | Class R6 | 0.34% | — |
| JEPSX | Class R5 | 0.45% | — |
| JEPIX | Class I | 0.59% | none |
| JEPAX | Class A | 0.84% | 5.25% |
| JEPCX | Class C | 1.34% | 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.