JMEEX Fees and Costs — JPMorgan Mid Cap Equity Fund, Class R5
Data updated: 2026-09-11
The net expense ratio is 0.70%: a 0.60% management fee plus 0.22% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2.4M in broker commissions, 0.0419% of average net assets, and portfolio turnover was 61%.
JMEEX Fees and Expenses
Annual operating expenses and sales charges of JMEEX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.70% |
| 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 |
JMEEX Costs Over Time
On $10,000 invested in JMEEX, assuming 5% a year before costs, total costs come to $466 over 5 years, cutting the return by 0.78% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $256 | $466 |
| Value after costs | $10,422 | $11,321 | $12,296 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
JMEEX 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): 0.0419%
- Total broker commissions: $2.4M
- Bought from dealers (principal trades, not a cost): $32.8M
- Portfolio turnover (prospectus): 61%
- Securities on loan, average value: $31.4M
- Net income from securities lending: $276K (0.005% of average net assets)
JMEEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $282K | 16.27% |
| UBS Securities LLC | $235K | 13.57% |
| TD SECURITIES (USA) LLC | $223K | 12.83% |
| Morgan Stanley & Co. LLC | $196K | 11.31% |
| Goldman Sachs & Co. LLC | $180K | 10.40% |
| Piper Sandler & Co. | $158K | 9.09% |
| Jefferies LLC | $131K | 7.53% |
| Barclays Capital, Inc. | $123K | 7.11% |
| RBC Capital Markets, LLC | $122K | 7.03% |
| Cantor Fitzgerald & Co. | $85K | 4.87% |
JMEEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $14.0M | 42.68% |
| Jefferies LLC | $9.7M | 29.61% |
| Goldman Sachs & Co. LLC | $4.8M | 14.60% |
| RBC Capital Markets, LLC | $3.2M | 9.61% |
| Silicon Valley Bank | $1.1M | 3.50% |
JPMorgan Mid Cap 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 |
|---|---|---|---|
| JPPEX | Class R6 | 0.60% | — |
| JMEEX | Class R5 | 0.70% | — |
| VSNGX | Class I | 0.84% | none |
| JCMAX | Class A | 1.09% | 5.25% |
| JMCEX | Class R2 | 1.35% | — |
| JMCCX | Class C | 1.59% | 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.