JPDEX Fees and Costs — JPMorgan Tax Aware Equity Fund, Class I
Data updated: 2024-01-16
The net expense ratio is 0.55%: a 0.35% management fee plus 0.36% other expenses, less a 0.16% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $63K in broker commissions, 0.0071% of average net assets, and portfolio turnover was 67%.
JPDEX Fees and Expenses
Annual operating expenses and sales charges of JPDEX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 0.71% |
| Fee waiver | −0.16% |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
JPDEX Costs Over Time
On $10,000 invested in JPDEX, assuming 5% a year before costs, total costs come to $352 over 5 years, cutting the return by 0.58% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $192 | $352 |
| Value after costs | $10,442 | $11,384 | $12,411 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
JPDEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0071%
- Total broker commissions: $63K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 67%
- Securities lending: none during the year
JPDEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $12K | 21.94% |
| RBC Capital Markets, LLC | $10K | 17.94% |
| Citigroup Global Markets Inc. | $7K | 11.79% |
| UBS Securities LLC | $5K | 9.66% |
| Goldman Sachs & Co. LLC | $5K | 8.59% |
| Virtu Americas LLC | $4K | 7.27% |
| Morgan Stanley & Co. LLC | $4K | 6.47% |
| BMO Capital Markets Corp. | $3K | 6.31% |
| Barclays Capital, Inc. | $3K | 5.55% |
| Wells Fargo Securities, LLC | $2K | 4.48% |
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.