JFFSX Fees and Costs — JPMorgan SmartRetirement 2055 Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 0.64% (0.66% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $79K in broker commissions, 0.0039% of average net assets, and portfolio turnover was 14%.
JFFSX Fees and Expenses
Annual operating expenses and sales charges of JFFSX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 0.66% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.64% |
| 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 |
JFFSX Costs Over Time
On $10,000 invested in JFFSX, assuming 5% a year before costs, total costs come to $406 over 5 years, cutting the return by 0.68% 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 0.64%) | $67 | $210 | $366 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $68 | $222 | $406 |
| Value after costs | $10,432 | $11,354 | $12,357 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
JFFSX 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): 0.0039%
- Total broker commissions: $79K
- Bought from dealers (principal trades, not a cost): $5.4M
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $325K
- Net income from securities lending: $29K (0.001% of average net assets)
JFFSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $22K | 29.47% |
| Susquehanna Financial Group, LLLP | $15K | 19.52% |
| Citadel Securities LLC | $10K | 13.32% |
| Morgan Stanley & Co. LLC | $10K | 12.90% |
| Goldman Sachs & Co. LLC | $8K | 10.48% |
| BofA Securities, Inc. | $3K | 3.84% |
| Virtu Americas LLC | $2K | 3.10% |
| UBS Securities LLC | $2K | 3.08% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $2K | 2.38% |
| Citigroup Global Markets Inc. | $1K | 1.92% |
JFFSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of Montreal | $1.7M | 32.34% |
| TD SECURITIES (USA) LLC | $1.7M | 31.81% |
| Citigroup Global Markets Inc. | $959K | 17.77% |
| Wells Fargo Securities, LLC | $316K | 5.85% |
| BofA Securities, Inc. | $251K | 4.65% |
| Natwest Markets Securities Inc. | $175K | 3.24% |
| Morgan Stanley & Co. LLC | $121K | 2.25% |
| Nomura Securities International, Inc. | $113K | 2.10% |
JPMorgan SmartRetirement 2055 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JFFYX | Class R6 | 0.39% | — |
| JFFIX | Class R5 | 0.49% | — |
| JFFQX | Class R4 | 0.64% | — |
| JFFSX | Class I | 0.64% | none |
| JFFAX | Class A | 0.83% | 4.50% |
| JFFPX | Class R3 | 0.89% | — |
| JFFRX | Class R2 | 1.14% | — |
| JFFCX | Class C | 1.39% | 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.