JPDRX Fees and Costs — JPMorgan Preferred and Income Securities Fund, Class R6
Data updated: 2026-09-11
The net expense ratio is 0.57% (0.63% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $77K in broker commissions, 0.0042% of average net assets, and portfolio turnover was 32%.
JPDRX Fees and Expenses
Annual operating expenses and sales charges of JPDRX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 0.63% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.57% |
| 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 |
JPDRX Costs Over Time
On $10,000 invested in JPDRX, assuming 5% a year before costs, total costs come to $362 over 5 years, cutting the return by 0.60% 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 0.57%) | $60 | $188 | $327 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $198 | $362 |
| Value after costs | $10,440 | $11,378 | $12,401 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
JPDRX 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): 0.0042%
- Total broker commissions: $77K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
JPDRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Susquehanna Financial Group, LLLP | $30K | 39.55% |
| Jane Street Capital, LLC | $21K | 27.24% |
| Morgan Stanley & Co. LLC | $15K | 19.41% |
| Citadel Securities LLC | $8K | 9.88% |
| BofA Securities, Inc. | $3K | 3.91% |
JPDRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $198.3M | 17.94% |
| Wells Fargo Securities, LLC | $157.0M | 14.21% |
| BofA Securities, Inc. | $139.7M | 12.64% |
| Barclays Capital, Inc. | $135.5M | 12.27% |
| RBC Capital Markets, LLC | $110.9M | 10.04% |
| Morgan Stanley & Co. LLC | $107.0M | 9.68% |
| Mizuho Securities USA LLC | $82.4M | 7.46% |
| UBS Securities LLC | $61.2M | 5.54% |
| Citigroup Global Markets Inc. | $57.3M | 5.19% |
| D.A. Davidson & Co. | $55.6M | 5.03% |
JPMorgan Preferred and Income Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JPDRX | Class R6 | 0.57% | — |
| JPDIX | Class I | 0.62% | none |
| JPDAX | Class A | 0.87% | 3.75% |
| JPDCX | Class C | 1.37% | none |
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.