JHQAX Fees and Costs — JPMorgan Hedged Equity Fund, Class A
Data updated: 2026-09-11
The net expense ratio is 0.82%: a 0.25% management fee, a 0.25% 12b-1 fee plus 0.32% other expenses. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2026 the fund paid $3.9M in broker commissions, 0.0190% of average net assets, and portfolio turnover was 29%.
JHQAX Fees and Expenses
Annual operating expenses and sales charges of JHQAX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.32% |
| Gross expense ratio | 0.82% |
| Fee waiver | — |
| Net expense ratio | 0.82% |
| Sales charges | |
|---|---|
| Max front load | 5.25% |
| 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 |
JHQAX Costs Over Time
On $10,000 invested in JHQAX, assuming 5% a year before costs, total costs come to $1,169 over 5 years, cutting the return by 2.00% 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 |
| Sales charges | $525 | $525 | $525 |
| Fund expenses (net expense ratio 0.82%) | $82 | $255 | $443 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $26 | $96 | $191 |
| Total costs | $635 | $882 | $1,169 |
| Value after costs | $9,865 | $10,695 | $11,594 |
| Impact on return, per year | 6.35% | 2.74% | 2.00% |
JHQAX 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): 0.0190%
- Total broker commissions: $3.9M
- Bought from dealers (principal trades, not a cost): $27.7M
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $536.3M
- Net income from securities lending: $0 (0.000% of average net assets)
JHQAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1.6M | 48.74% |
| Jane Street Capital, LLC | $296K | 8.95% |
| J.P. Morgan Securities LLC | $244K | 7.39% |
| BofA Securities, Inc. | $224K | 6.79% |
| RBC Capital Markets, LLC | $221K | 6.70% |
| UBS Securities LLC | $200K | 6.05% |
| Morgan Stanley & Co. LLC | $165K | 5.00% |
| Barclays Capital, Inc. | $160K | 4.84% |
| BMO Capital Markets Corp. | $97K | 2.94% |
| Jefferies LLC | $86K | 2.61% |
JHQAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $27.7M | 100.00% |
JPMorgan Hedged 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 |
|---|---|---|---|
| JHQRX | Class R6 | 0.32% | — |
| JHQPX | Class R5 | 0.43% | — |
| JHEQX | Class I | 0.57% | none |
| JHQAX | Class A | 0.82% | 5.25% |
| JHQCX | Class C | 1.32% | 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.