JOFXX Fees and Costs — JPMorgan Institutional Tax Free Money Market Fund, Institutional Shares
Data updated: 2026-06-23
The net expense ratio is 0.21%: a 0.08% management fee plus 0.16% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees.
JOFXX Fees and Expenses
Annual operating expenses and sales charges of JOFXX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.24% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.21% |
| 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 |
JOFXX Costs Over Time
On $10,000 invested in JOFXX, assuming 5% a year before costs, total costs come to $133 over 5 years, cutting the return by 0.22% 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 0.21%) | $22 | $69 | $121 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $73 | $133 |
| Value after costs | $10,478 | $11,503 | $12,629 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
JOFXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $18.3B
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
JOFXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $3.7B | 22.72% |
| BofA Securities, Inc. | $2.4B | 14.42% |
| Citigroup Global Markets Inc. | $1.8B | 11.29% |
| TD SECURITIES (USA) LLC | $1.7B | 10.27% |
| Wells Fargo Securities, LLC | $1.6B | 9.84% |
| PNC Capital Markets LLC | $1.3B | 7.99% |
| AON Securities LLC | $1.2B | 7.59% |
| Morgan Stanley & Co. LLC | $988.9M | 6.04% |
| Truist Securities, Inc. | $884.2M | 5.40% |
| RBC Capital Markets, LLC | $725.6M | 4.43% |
JPMorgan Institutional Tax Free Money Market Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JOIXX | IM Shares | 0.14% | — |
| JOCXX | Capital Shares | 0.18% | — |
| JOFXX | Institutional Shares | 0.21% | — |
| JOAXX | Agency Shares | 0.26% | — |
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.