JMSIX Fees and Costs — JPMorgan Income Fund, Class I
Data updated: 2026-07-28
The net expense ratio is 0.40%: a 0.30% management fee plus 0.34% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $764K in broker commissions, 0.0053% of average net assets, and portfolio turnover was 287%.
JMSIX Fees and Expenses
Annual operating expenses and sales charges of JMSIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 0.64% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.40% |
| 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 |
JMSIX Costs Over Time
On $10,000 invested in JMSIX, assuming 5% a year before costs, total costs come to $257 over 5 years, cutting the return by 0.43% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $43 | $140 | $257 |
| Value after costs | $10,457 | $11,436 | $12,506 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
JMSIX 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): 0.0053%
- Total broker commissions: $764K
- Bought from dealers (principal trades, not a cost): $170.6B
- Portfolio turnover (prospectus): 287%
- Securities lending: none during the year
JMSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $449K | 58.78% |
| Morgan Stanley & Co. LLC | $109K | 14.23% |
| Barclays Capital, Inc. | $82K | 10.72% |
| BofA Securities, Inc. | $66K | 8.59% |
| Goldman Sachs & Co. LLC | $24K | 3.19% |
| Marex Capital Markets, Inc. | $14K | 1.82% |
| UBS Securities LLC | $11K | 1.44% |
| Deutsche Bank Securities Inc. | $8K | 1.00% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $2K | 0.21% |
| RBC Capital Markets, LLC | $149 | 0.02% |
JMSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $38.3B | 22.70% |
| Barclays Capital, Inc. | $32.0B | 19.01% |
| Citigroup Global Markets Inc. | $28.9B | 17.12% |
| Morgan Stanley & Co. LLC | $24.1B | 14.28% |
| Wells Fargo Securities, LLC | $21.1B | 12.52% |
| BofA Securities, Inc. | $19.4B | 11.48% |
| BMO Nesbitt Burns Securities Ltd. | $1.8B | 1.06% |
| Mizuho Securities USA LLC | $1.5B | 0.89% |
| SANTANDER INVESTMENT S.A. | $1.1B | 0.66% |
| Nomura Securities International, Inc. | $476.5M | 0.28% |
JPMorgan 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 |
|---|---|---|---|
| JMSFX | Class R6 | 0.39% | — |
| JMSIX | Class I | 0.40% | none |
| JGIAX | Class A | 0.65% | 3.75% |
| JGCGX | Class C | 1.20% | 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.