JNBAX Fees and Costs — JPMorgan Income Builder Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 0.75% (1.06% before fee waivers). This share class carries a maximum front-end sales load of 4.50%. In fiscal 2025 the fund paid $1.9M in broker commissions, 0.0233% of average net assets, and portfolio turnover was 113%.
JNBAX Fees and Expenses
Annual operating expenses and sales charges of JNBAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.42% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.06% |
| Fee waiver | −0.31% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
JNBAX Costs Over Time
On $10,000 invested in JNBAX, assuming 5% a year before costs, total costs come to $1,038 over 5 years, cutting the return by 1.77% 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 |
| Sales charges | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.75%) | $75 | $235 | $409 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $23 | $83 | $167 |
| Total costs | $550 | $775 | $1,038 |
| Value after costs | $9,950 | $10,801 | $11,724 |
| Impact on return, per year | 5.50% | 2.40% | 1.77% |
JNBAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0233%
- Total broker commissions: $1.9M
- Bought from dealers (principal trades, not a cost): $8.1B
- Portfolio turnover (prospectus): 113%
- Securities on loan, average value: $80.2M
- Net income from securities lending: $1.3M (0.016% of average net assets)
JNBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $433K | 26.11% |
| Goldman Sachs & Co. LLC | $247K | 14.91% |
| Susquehanna Financial Group, LLLP | $199K | 11.97% |
| BofA Securities, Inc. | $168K | 10.14% |
| Morgan Stanley & Co. LLC | $146K | 8.79% |
| Citigroup Global Markets Inc. | $136K | 8.17% |
| Jefferies LLC | $119K | 7.16% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $103K | 6.24% |
| Barclays Capital, Inc. | $55K | 3.32% |
| BNP Paribas Securities Corp. | $53K | 3.20% |
JNBAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $1.3B | 18.19% |
| Wells Fargo Securities, LLC | $1.0B | 14.45% |
| Goldman Sachs & Co. LLC | $832.4M | 11.80% |
| Barclays Capital, Inc. | $825.7M | 11.70% |
| RBC Capital Markets, LLC | $714.9M | 10.13% |
| BNP Paribas Securities Corp. | $617.9M | 8.76% |
| Societe Generale | $530.2M | 7.51% |
| Mizuho Securities USA LLC | $451.2M | 6.39% |
| Citigroup Global Markets Inc. | $403.7M | 5.72% |
| TD SECURITIES (USA) LLC | $377.2M | 5.35% |
JPMorgan Income Builder Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JNBZX | Class R6 | 0.52% | — |
| JNBSX | Class I | 0.60% | none |
| JNBAX | Class A | 0.75% | 4.50% |
| JNBCX | Class C | 1.25% | 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.