JNSPX Fees and Costs — JPMorgan SmartRetirement 2025 Fund, Class R3
Data updated: 2026-09-11
The net expense ratio is 0.85% (0.87% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $63K in broker commissions, 0.0028% of average net assets, and portfolio turnover was 13%.
JNSPX Fees and Expenses
Annual operating expenses and sales charges of JNSPX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.27% |
| Gross expense ratio | 0.87% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.85% |
| 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 |
JNSPX Costs Over Time
On $10,000 invested in JNSPX, assuming 5% a year before costs, total costs come to $535 over 5 years, cutting the return by 0.90% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $294 | $535 |
| Value after costs | $10,410 | $11,283 | $12,228 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
JNSPX 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): 0.0028%
- Total broker commissions: $63K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $11K
- Net income from securities lending: $1K (0.000% of average net assets)
JNSPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $14K | 23.53% |
| Citadel Securities LLC | $13K | 20.67% |
| Morgan Stanley & Co. LLC | $8K | 13.74% |
| Susquehanna Financial Group, LLLP | $7K | 11.20% |
| Goldman Sachs & Co. LLC | $7K | 10.91% |
| Virtu Americas LLC | $4K | 6.25% |
| RBC Capital Markets, LLC | $3K | 4.09% |
| BNP Paribas Securities Corp. | $2K | 3.83% |
| Citigroup Global Markets Inc. | $2K | 2.97% |
| Flow Traders B.V. | $2K | 2.82% |
JPMorgan SmartRetirement 2025 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JNSYX | Class R6 | 0.35% | — |
| JNSIX | Class R5 | 0.45% | — |
| JNSQX | Class R4 | 0.60% | — |
| JNSSX | Class I | 0.60% | none |
| JNSAX | Class A | 0.79% | 4.50% |
| JNSPX | Class R3 | 0.85% | — |
| JNSZX | Class R2 | 1.10% | — |
| JNSCX | Class C | 1.35% | 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.