JFEIX Fees and Costs — JPMorgan Europe Dynamic Fund, Class L
Data updated: 2026-09-28
The net expense ratio is 0.85%: a 0.60% management fee plus 0.25% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $408K in broker commissions, 0.0715% of average net assets, and portfolio turnover was 102%.
JFEIX Fees and Expenses
Annual operating expenses and sales charges of JFEIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 0.86% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.85% |
| 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 |
JFEIX Costs Over Time
On $10,000 invested in JFEIX, assuming 5% a year before costs, total costs come to $577 over 5 years, cutting the return by 0.97% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $8 | $23 | $41 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $317 | $577 |
| Value after costs | $10,403 | $11,259 | $12,186 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
JFEIX 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): 0.0715%
- Total broker commissions: $408K
- Bought from dealers (principal trades, not a cost): $540K
- Portfolio turnover (prospectus): 102%
- Securities on loan, average value: $6.4M
- Net income from securities lending: $37K (0.006% of average net assets)
JFEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $79K | 22.69% |
| Goldman Sachs & Co. LLC | $60K | 17.43% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $59K | 17.06% |
| BNP Paribas Securities Corp. | $57K | 16.31% |
| UBS Securities LLC | $24K | 6.83% |
| Barclays Capital, Inc. | $17K | 4.78% |
| Liquidnet, Inc. | $15K | 4.45% |
| Skandinaviska Enskilda Banken AB | $13K | 3.89% |
| BTIG, LLC | $13K | 3.61% |
| Citigroup Global Markets Inc. | $10K | 2.95% |
JFEIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $540K | 100.00% |
JPMorgan Europe Dynamic Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VEUVX | Class R6 | 0.55% | — |
| JFESX | Class I | 0.75% | none |
| JFEIX | Class L | 0.85% | — |
| VEUAX | Class A | 1.00% | 5.25% |
| VEUCX | Class C | 1.50% | 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.