JOERX Fees and Costs — JPMorgan Opportunistic Equity Long/Short Fund, Class R6
Data updated: 2023-09-28
The net expense ratio is 1.74% (1.94% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $2.6M in broker commissions, 0.4131% of average net assets, and portfolio turnover was 186400%.
JOERX Fees and Expenses
Annual operating expenses and sales charges of JOERX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 1.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.76% |
| Gross expense ratio | 1.94% |
| Fee waiver | −0.20% |
| Net expense ratio | 1.74% |
| 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 |
JOERX Costs Over Time
On $10,000 invested in JOERX, assuming 5% a year before costs, total costs come to $1,316 over 5 years, cutting the return by 2.26% 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 1.74%) | $183 | $563 | $965 |
| Trading costs (broker commissions) | $43 | $134 | $229 |
| Lost growth on money paid in costs | $0 | $35 | $122 |
| Total costs | $226 | $732 | $1,316 |
| Value after costs | $10,274 | $10,844 | $11,447 |
| Impact on return, per year | 2.26% | 2.26% | 2.26% |
JOERX 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
JOERX 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.