JISZX Fees and Costs — JPMorgan Unconstrained Debt Fund, Class R2
Data updated: 2025-10-29
The net expense ratio is 1.26% (1.38% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $95K in broker commissions, 0.0087% of average net assets, and portfolio turnover was 217%.
JISZX Fees and Expenses
Annual operating expenses and sales charges of JISZX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.40% |
| Gross expense ratio | 1.38% |
| Fee waiver | −0.12% |
| Net expense ratio | 1.26% |
| 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 |
JISZX Costs Over Time
On $10,000 invested in JISZX, assuming 5% a year before costs, total costs come to $789 over 5 years, cutting the return by 1.33% 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 1.26%) | $132 | $412 | $712 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $133 | $435 | $789 |
| Value after costs | $10,367 | $11,141 | $11,973 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
JISZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0087%
- Total broker commissions: $95K
- Bought from dealers (principal trades, not a cost): $5.4B
- Portfolio turnover (prospectus): 217%
- Securities lending: none during the year
JISZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $36K | 37.44% |
| Jefferies LLC | $16K | 16.97% |
| RBC Capital Markets, LLC | $14K | 14.81% |
| UBS Securities LLC | $12K | 12.43% |
| Morgan Stanley & Co. LLC | $7K | 7.05% |
| BNP Paribas Securities Corp. | $5K | 5.08% |
| Barclays Capital, Inc. | $2K | 2.08% |
| Goldman Sachs & Co. LLC | $2K | 1.80% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $1K | 1.28% |
| BofA Securities, Inc. | $1K | 1.06% |
JISZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $1.4B | 27.00% |
| Wells Fargo Securities, LLC | $1.4B | 26.83% |
| Goldman Sachs & Co. LLC | $842.1M | 16.16% |
| Barclays Capital, Inc. | $564.8M | 10.84% |
| BofA Securities, Inc. | $380.8M | 7.31% |
| Citigroup Global Markets Inc. | $338.1M | 6.49% |
| BNP Paribas Securities Corp. | $189.3M | 3.63% |
| HSBC Securities (USA) Inc. | $34.6M | 0.66% |
| Deutsche Bank Securities Inc. | $33.6M | 0.64% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $23.1M | 0.44% |
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.