JPSRX Fees and Costs — JPMorgan SmartRetirement Blend 2035 Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 0.42% (0.69% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $75K in broker commissions, 0.0021% of average net assets, and portfolio turnover was 24%.
JPSRX Fees and Expenses
Annual operating expenses and sales charges of JPSRX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.40% |
| Gross expense ratio | 0.69% |
| Fee waiver | −0.27% |
| Net expense ratio | 0.42% |
| 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 |
JPSRX Costs Over Time
On $10,000 invested in JPSRX, assuming 5% a year before costs, total costs come to $267 over 5 years, cutting the return by 0.44% 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 0.42%) | $44 | $138 | $242 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $146 | $267 |
| Value after costs | $10,456 | $11,430 | $12,496 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
JPSRX 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): 0.0021%
- Total broker commissions: $75K
- Bought from dealers (principal trades, not a cost): $575.7M
- Portfolio turnover (prospectus): 24%
- Securities on loan, average value: $13K
- Net income from securities lending: $2K (0.000% of average net assets)
JPSRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $25K | 35.70% |
| Susquehanna Financial Group, LLLP | $12K | 17.33% |
| Morgan Stanley & Co. LLC | $12K | 16.62% |
| Citadel Securities LLC | $7K | 9.40% |
| Citigroup Global Markets Inc. | $4K | 5.90% |
| BofA Securities, Inc. | $3K | 4.00% |
| Old Mission Markets LLC | $3K | 3.56% |
| Barclays Capital, Inc. | $2K | 2.61% |
| Virtu Americas LLC | $2K | 2.45% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $2K | 2.44% |
JPSRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $130.3M | 27.09% |
| Wells Fargo Securities, LLC | $81.1M | 16.86% |
| Goldman Sachs & Co. LLC | $43.3M | 9.01% |
| BofA Securities, Inc. | $40.5M | 8.41% |
| Nomura Securities International, Inc. | $38.8M | 8.07% |
| Morgan Stanley & Co. LLC | $35.0M | 7.28% |
| BMO Nesbitt Burns Securities Ltd. | $33.2M | 6.90% |
| Daiwa Capital Markets America Inc. | $28.4M | 5.91% |
| Citigroup Global Markets Inc. | $25.3M | 5.26% |
| Barclays Capital, Inc. | $25.0M | 5.21% |
JPMorgan SmartRetirement Blend 2035 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JPYRX | Class R6 | 0.17% | — |
| JPBRX | Class R5 | 0.27% | — |
| JPSRX | Class I | 0.42% | — |
| JPTKX | Class R4 | 0.42% | — |
| JPTLX | Class R3 | 0.67% | — |
| JPRRX | Class R2 | 0.92% | — |
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.