JHDFX Fees and Costs — JPMorgan Hedged Equity 2 Fund, Class R5
Data updated: 2026-09-11
The net expense ratio is 0.45%: a 0.25% management fee plus 0.20% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.2M in broker commissions, 0.0216% of average net assets, and portfolio turnover was 42%.
JHDFX Fees and Expenses
Annual operating expenses and sales charges of JHDFX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| 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 |
JHDFX Costs Over Time
On $10,000 invested in JHDFX, assuming 5% a year before costs, total costs come to $298 over 5 years, cutting the return by 0.50% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $50 | $163 | $298 |
| Value after costs | $10,450 | $11,413 | $12,465 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
JHDFX 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): 0.0216%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): $7.5M
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $100.2M
- Net income from securities lending: $0 (0.000% of average net assets)
JHDFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $253K | 24.77% |
| Goldman Sachs & Co. LLC | $219K | 21.42% |
| J.P. Morgan Securities LLC | $168K | 16.49% |
| Jane Street Capital, LLC | $138K | 13.55% |
| BofA Securities, Inc. | $61K | 5.98% |
| Morgan Stanley & Co. LLC | $55K | 5.40% |
| UBS Securities LLC | $42K | 4.08% |
| RBC Capital Markets, LLC | $36K | 3.57% |
| BMO Capital Markets Corp. | $25K | 2.47% |
| Jefferies LLC | $23K | 2.25% |
JHDFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $7.5M | 100.00% |
JPMorgan Hedged Equity 2 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JHDRX | Class R6 | 0.34% | — |
| JHDFX | Class R5 | 0.45% | — |
| JHQDX | Class I | 0.59% | none |
| JHDAX | Class A | 0.84% | 5.25% |
| JHDCX | 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.