JMTSX Fees and Costs — JPMorgan Total Return Fund, Class I
Data updated: 2025-07-28
The net expense ratio is 0.31% (0.92% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.0082% of average net assets, and portfolio turnover was 460%.
JMTSX Fees and Expenses
Annual operating expenses and sales charges of JMTSX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 0.92% |
| Fee waiver | −0.61% |
| Net expense ratio | 0.31% |
| 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 |
JMTSX Costs Over Time
On $10,000 invested in JMTSX, assuming 5% a year before costs, total costs come to $202 over 5 years, cutting the return by 0.33% 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 0.31%) | $33 | $102 | $179 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $110 | $202 |
| Value after costs | $10,467 | $11,466 | $12,561 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
JMTSX 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): 0.0082%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 460%
- Securities lending: none during the year
JMTSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $4K | 32.86% |
| Nomura Securities International, Inc. | $3K | 26.09% |
| Goldman Sachs & Co. LLC | $3K | 19.96% |
| Citigroup Global Markets Inc. | $2K | 16.71% |
| HSBC Securities (USA) Inc. | $546 | 4.18% |
| Barclays Capital, Inc. | $20 | 0.16% |
| Deutsche Bank Securities Inc. | $4 | 0.03% |
| RBC Capital Markets, LLC | $1 | 0.01% |
JMTSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $697.9M | 36.65% |
| Barclays Capital, Inc. | $360.7M | 18.94% |
| Mizuho Securities USA LLC | $320.6M | 16.83% |
| Citigroup Global Markets Inc. | $318.0M | 16.70% |
| BofA Securities, Inc. | $178.1M | 9.35% |
| Morgan Stanley & Co. LLC | $14.5M | 0.76% |
| Wells Fargo Securities, LLC | $6.8M | 0.36% |
| BMO Nesbitt Burns Securities Ltd. | $4.8M | 0.25% |
| Deutsche Bank Securities Inc. | $2.1M | 0.11% |
| SANTANDER INVESTMENT S.A. | $883K | 0.05% |
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.