JPHSX Fees and Costs — JPMorgan Floating Rate Income Fund, Class I
Data updated: 2026-07-28
The net expense ratio is 0.77% (1.06% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $5K in broker commissions, 0.0022% of average net assets, and portfolio turnover was 17%.
JPHSX Fees and Expenses
Annual operating expenses and sales charges of JPHSX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.48% |
| Gross expense ratio | 1.06% |
| Fee waiver | −0.29% |
| Net expense ratio | 0.77% |
| 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 |
JPHSX Costs Over Time
On $10,000 invested in JPHSX, assuming 5% a year before costs, total costs come to $485 over 5 years, cutting the return by 0.81% 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 0.77%) | $81 | $253 | $440 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $13 | $44 |
| Total costs | $81 | $266 | $485 |
| Value after costs | $10,419 | $11,310 | $12,278 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
JPHSX 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): 0.0022%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $126.1M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
JPHSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $3K | 62.69% |
| Jane Street Capital, LLC | $750 | 14.93% |
| BestEx Research Securities, LLC | $600 | 11.94% |
| Virtu Americas LLC | $375 | 7.46% |
| Morgan Stanley & Co. LLC | $150 | 2.99% |
JPHSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $32.0M | 27.04% |
| Morgan Stanley & Co. LLC | $15.9M | 13.42% |
| Barclays Capital, Inc. | $12.4M | 10.50% |
| RBC Capital Markets, LLC | $11.7M | 9.91% |
| Goldman Sachs & Co. LLC | $11.7M | 9.89% |
| Citigroup Global Markets Inc. | $10.0M | 8.48% |
| Wells Fargo Securities, LLC | $7.4M | 6.24% |
| UBS Securities LLC | $6.1M | 5.11% |
| Deutsche Bank Securities Inc. | $5.7M | 4.80% |
| Jefferies LLC | $5.5M | 4.61% |
JPMorgan Floating Rate Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JPHRX | Class R6 | 0.67% | — |
| JPHSX | Class I | 0.77% | none |
| JPHAX | Class A | 1.02% | 2.25% |
| JPHCX | Class C | 1.52% | 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.