JOECX Fees and Costs — JPMorgan Opportunistic Equity Long/Short Fund, Class C
Data updated: 2023-09-28
The net expense ratio is 2.53% (2.94% before fee waivers). This share class carries a deferred sales charge of up to 1.00%. In fiscal 2022 the fund paid $2.6M in broker commissions, 0.4131% of average net assets, and portfolio turnover was 186400%.
JOECX Fees and Expenses
Annual operating expenses and sales charges of JOECX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.05% |
| 12b-1 fee | 0.75% |
| Other expenses | 1.01% |
| Gross expense ratio | 2.94% |
| Fee waiver | −0.41% |
| Net expense ratio | 2.53% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JOECX Costs Over Time
On $10,000 invested in JOECX, assuming 5% a year before costs, total costs come to $1,771 over 5 years, cutting the return by 3.09% 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 | $102 | $0 | $0 |
| Fund expenses (net expense ratio 2.53%) | $266 | $812 | $1,380 |
| Trading costs (broker commissions) | $43 | $133 | $225 |
| Lost growth on money paid in costs | $0 | $47 | $165 |
| Total costs | $411 | $992 | $1,771 |
| Value after costs | $10,089 | $10,584 | $10,992 |
| Impact on return, per year | 4.11% | 3.09% | 3.09% |
JOECX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.4131%
- Total broker commissions: $2.6M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 186400%
- Securities lending: none during the year
JOECX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $386K | 19.37% |
| UBS Securities LLC | $325K | 16.30% |
| Cowen and Company | $197K | 9.87% |
| Morgan Stanley & Co. LLC | $196K | 9.82% |
| Credit Suisse Securities (USA) LLC | $191K | 9.55% |
| Goldman Sachs & Co. LLC | $188K | 9.43% |
| Citigroup Global Markets Inc. | $150K | 7.53% |
| Virtu Americas LLC | $129K | 6.45% |
| Barclays Capital, Inc. | $123K | 6.17% |
| RBC Capital Markets, LLC | $110K | 5.50% |
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.