JMGIX Fees and Costs — JPMorgan Managed Income Fund, Class L
Data updated: 2026-07-28
The net expense ratio is 0.25%: a 0.15% management fee plus 0.19% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 98%.
JMGIX Fees and Expenses
Annual operating expenses and sales charges of JMGIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.35% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.25% |
| 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 |
JMGIX Costs Over Time
On $10,000 invested in JMGIX, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
JMGIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $8.2B
- Portfolio turnover (prospectus): 98%
- Securities on loan, average value: $9.6M
- Net income from securities lending: $61K (0.001% of average net assets)
JMGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Cantor Fitzgerald & Co. | $1.3B | 20.93% |
| Wells Fargo Securities, LLC | $1.3B | 20.57% |
| BofA Securities, Inc. | $724.4M | 11.42% |
| Citigroup Global Markets Inc. | $637.7M | 10.06% |
| Barclays Capital, Inc. | $512.6M | 8.08% |
| Morgan Stanley & Co. LLC | $456.7M | 7.20% |
| Goldman Sachs & Co. LLC | $418.0M | 6.59% |
| Mizuho Securities USA LLC | $418.0M | 6.59% |
| RBC Capital Markets, LLC | $379.6M | 5.99% |
| TD SECURITIES (USA) LLC | $162.6M | 2.56% |
JPMorgan Managed Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JMGIX | Class L | 0.25% | — |
| JMGLX | Class I | 0.40% | — |
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.