JOBEX Fees and Costs — JPMorgan SmartRetirement Blend 2040 Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 0.42% (0.64% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $71K in broker commissions, 0.0022% of average net assets, and portfolio turnover was 18%.
JOBEX Fees and Expenses
Annual operating expenses and sales charges of JOBEX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 0.64% |
| Fee waiver | −0.22% |
| Net expense ratio | 0.42% |
| 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 |
JOBEX Costs Over Time
On $10,000 invested in JOBEX, assuming 5% a year before costs, total costs come to $267 over 5 years, cutting the return by 0.44% 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 0.42%) | $44 | $138 | $242 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $146 | $267 |
| Value after costs | $10,456 | $11,430 | $12,496 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
JOBEX 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): 0.0022%
- Total broker commissions: $71K
- Bought from dealers (principal trades, not a cost): $9.9M
- Portfolio turnover (prospectus): 18%
- Securities on loan, average value: $5K
- Net income from securities lending: $448 (0.000% of average net assets)
JOBEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $26K | 37.49% |
| Morgan Stanley & Co. LLC | $13K | 18.29% |
| Susquehanna Financial Group, LLLP | $11K | 16.55% |
| Citadel Securities LLC | $8K | 11.53% |
| Old Mission Markets LLC | $3K | 3.77% |
| Virtu Americas LLC | $2K | 2.92% |
| Citigroup Global Markets Inc. | $2K | 2.89% |
| BofA Securities, Inc. | $2K | 2.53% |
| Goldman Sachs & Co. LLC | $2K | 2.52% |
| Flow Traders B.V. | $1K | 1.51% |
JOBEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $4.3M | 43.84% |
| Bank of Montreal | $4.3M | 43.44% |
| Natwest Markets Securities Inc. | $567K | 5.72% |
| Nomura Securities International, Inc. | $322K | 3.24% |
| BofA Securities, Inc. | $292K | 2.94% |
| Wells Fargo Securities, LLC | $81K | 0.82% |
JPMorgan SmartRetirement Blend 2040 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JOBYX | Class R6 | 0.17% | — |
| JOBBX | Class R5 | 0.27% | — |
| JNTNX | Class R4 | 0.42% | — |
| JOBEX | Class I | 0.42% | — |
| JNTEX | Class R3 | 0.67% | — |
| JOBRX | Class R2 | 0.92% | — |
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.