JSMSX Fees and Costs — JPMorgan SmartRetirement 2030 Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 0.60% (0.61% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $118K in broker commissions, 0.0030% of average net assets, and portfolio turnover was 14%.
JSMSX Fees and Expenses
Annual operating expenses and sales charges of JSMSX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 0.61% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.60% |
| 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 |
JSMSX Costs Over Time
On $10,000 invested in JSMSX, assuming 5% a year before costs, total costs come to $380 over 5 years, cutting the return by 0.63% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $208 | $380 |
| Value after costs | $10,437 | $11,368 | $12,383 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
JSMSX 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): 0.0030%
- Total broker commissions: $118K
- Bought from dealers (principal trades, not a cost): $7.0M
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $131K
- Net income from securities lending: $13K (0.000% of average net assets)
JSMSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $29K | 25.50% |
| Susquehanna Financial Group, LLLP | $20K | 17.71% |
| Goldman Sachs & Co. LLC | $16K | 14.07% |
| Citadel Securities LLC | $15K | 13.68% |
| Morgan Stanley & Co. LLC | $15K | 13.45% |
| UBS Securities LLC | $5K | 4.32% |
| BofA Securities, Inc. | $4K | 3.14% |
| Virtu Americas LLC | $3K | 2.80% |
| RBC Capital Markets, LLC | $3K | 2.79% |
| Old Mission Markets LLC | $3K | 2.53% |
JSMSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of Montreal | $3.4M | 48.13% |
| TD SECURITIES (USA) LLC | $3.1M | 43.77% |
| Morgan Stanley & Co. LLC | $494K | 7.04% |
| BofA Securities, Inc. | $51K | 0.73% |
| Wells Fargo Securities, LLC | $23K | 0.33% |
JPMorgan SmartRetirement 2030 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JSMYX | Class R6 | 0.35% | — |
| JSMIX | Class R5 | 0.45% | — |
| JSMQX | Class R4 | 0.60% | — |
| JSMSX | Class I | 0.60% | none |
| JSMAX | Class A | 0.79% | 4.50% |
| JSMNX | Class R3 | 0.85% | — |
| JSMZX | Class R2 | 1.10% | — |
| JSMCX | Class C | 1.35% | 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.