JMVSX Fees and Costs — JPMorgan Mid Cap Value Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 0.84%: a 0.60% management fee plus 0.35% other expenses, less a 0.11% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4.9M in broker commissions, 0.0419% of average net assets, and portfolio turnover was 39%.
JMVSX Fees and Expenses
Annual operating expenses and sales charges of JMVSX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.84% |
| 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 |
JMVSX Costs Over Time
On $10,000 invested in JMVSX, assuming 5% a year before costs, total costs come to $553 over 5 years, cutting the return by 0.93% 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 0.84%) | $88 | $276 | $478 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $304 | $553 |
| Value after costs | $10,407 | $11,273 | $12,210 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
JMVSX 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: $4.9M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 39%
- Securities on loan, average value: $15.0M
- Net income from securities lending: $21K (0.000% of average net assets)
JMVSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $641K | 18.43% |
| TD SECURITIES (USA) LLC | $569K | 16.36% |
| UBS Securities LLC | $478K | 13.73% |
| Morgan Stanley & Co. LLC | $434K | 12.47% |
| RBC Capital Markets, LLC | $251K | 7.21% |
| Truist Securities, Inc. | $243K | 6.98% |
| Jefferies LLC | $242K | 6.96% |
| Piper Sandler & Co. | $230K | 6.62% |
| Cantor Fitzgerald & Co. | $196K | 5.64% |
| Goldman Sachs & Co. LLC | $195K | 5.61% |
JPMorgan Mid Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JMVYX | Class R6 | 0.60% | — |
| JMVRX | Class R5 | 0.70% | — |
| FLMVX | Class L | 0.75% | — |
| JMVSX | Class I | 0.84% | none |
| JMVQX | Class R4 | 0.85% | — |
| JAMCX | Class A | 1.09% | 5.25% |
| JMVPX | Class R3 | 1.10% | — |
| JMVZX | Class R2 | 1.35% | — |
| JCMVX | 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.