JIESX Fees and Costs — JPMorgan Developed International Value Fund, Class I
Data updated: 2026-09-28
The net expense ratio is 0.75%: a 0.55% management fee plus 0.39% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $763K in broker commissions, 0.0674% of average net assets, and portfolio turnover was 29%.
JIESX Fees and Expenses
Annual operating expenses and sales charges of JIESX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.39% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.75% |
| 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 |
JIESX Costs Over Time
On $10,000 invested in JIESX, assuming 5% a year before costs, total costs come to $513 over 5 years, cutting the return by 0.86% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $7 | $22 | $38 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $282 | $513 |
| Value after costs | $10,414 | $11,295 | $12,250 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
JIESX 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): 0.0674%
- Total broker commissions: $763K
- Bought from dealers (principal trades, not a cost): $6
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $6.5M
- Net income from securities lending: $42K (0.004% of average net assets)
JIESX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $267K | 43.92% |
| Goldman Sachs & Co. LLC | $80K | 13.19% |
| Liquidnet, Inc. | $46K | 7.55% |
| Jefferies LLC | $39K | 6.42% |
| Citigroup Global Markets Inc. | $37K | 6.11% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $32K | 5.19% |
| BNP Paribas Securities Corp. | $29K | 4.74% |
| Barclays Capital, Inc. | $28K | 4.58% |
| Virtu Americas LLC | $26K | 4.22% |
| Morgan Stanley & Co. LLC | $25K | 4.09% |
JIESX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $6 | 100.00% |
JPMorgan Developed International Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JNVMX | Class R6 | 0.55% | — |
| JPVRX | Class R5 | 0.65% | — |
| JIESX | Class I | 0.75% | none |
| JNUSX | Class L | 0.79% | — |
| JFEAX | Class A | 1.00% | 5.25% |
| JPVZX | Class R2 | 1.30% | — |
| JIUCX | 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.