JLPSX Fees and Costs — JPMorgan U.S. Large Cap Core Plus Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 1.39%: a 0.65% management fee plus 1.04% other expenses, less a 0.30% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.2M in broker commissions, 0.0334% of average net assets, and portfolio turnover was 100%.
JLPSX Fees and Expenses
Annual operating expenses and sales charges of JLPSX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.04% |
| Gross expense ratio | 1.69% |
| Fee waiver | −0.30% |
| Net expense ratio | 1.39% |
| 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 |
JLPSX Costs Over Time
On $10,000 invested in JLPSX, assuming 5% a year before costs, total costs come to $883 over 5 years, cutting the return by 1.49% 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 1.39%) | $146 | $453 | $783 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $23 | $81 |
| Total costs | $149 | $487 | $883 |
| Value after costs | $10,351 | $11,089 | $11,880 |
| Impact on return, per year | 1.49% | 1.49% | 1.49% |
JLPSX 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): 0.0334%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): $20.6M
- Portfolio turnover (prospectus): 100%
- Securities lending: none during the year
JLPSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $113K | 13.52% |
| UBS Securities LLC | $105K | 12.54% |
| Barclays Capital, Inc. | $103K | 12.29% |
| BofA Securities, Inc. | $97K | 11.61% |
| RBC Capital Markets, LLC | $87K | 10.37% |
| Goldman Sachs & Co. LLC | $73K | 8.78% |
| Liquidnet, Inc. | $67K | 8.05% |
| Morgan Stanley & Co. LLC | $65K | 7.83% |
| BMO Capital Markets Corp. | $65K | 7.77% |
| BNP Paribas Securities Corp. | $60K | 7.24% |
JLPSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $16.4M | 79.94% |
| Morgan Stanley & Co. LLC | $4.1M | 20.06% |
JPMorgan U.S. Large Cap Core Plus Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JLPYX | Class R6 | 1.34% | — |
| JLPSX | Class I | 1.39% | none |
| JCPRX | Class R5 | 1.44% | — |
| JLCAX | Class A | 1.64% | 5.25% |
| JLPZX | Class R2 | 2.09% | — |
| JLPCX | Class C | 2.14% | 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.