JSRSX Fees and Costs — JPMorgan SmartRetirement Income Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 0.57% (0.61% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $39K in broker commissions, 0.0019% of average net assets, and portfolio turnover was 12%.
JSRSX Fees and Expenses
Annual operating expenses and sales charges of JSRSX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 0.61% |
| Fee waiver | −0.04% |
| Net expense ratio | 0.57% |
| 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 |
JSRSX Costs Over Time
On $10,000 invested in JSRSX, assuming 5% a year before costs, total costs come to $361 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 | $1 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $197 | $361 |
| Value after costs | $10,440 | $11,379 | $12,402 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
JSRSX 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): 0.0019%
- Total broker commissions: $39K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 12%
- Securities on loan, average value: $174K
- Net income from securities lending: $18K (0.001% of average net assets)
JSRSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $10K | 26.80% |
| Morgan Stanley & Co. LLC | $7K | 17.41% |
| Citadel Securities LLC | $6K | 15.71% |
| Goldman Sachs & Co. LLC | $5K | 12.80% |
| Susquehanna Financial Group, LLLP | $4K | 10.80% |
| RBC Capital Markets, LLC | $2K | 4.46% |
| Virtu Americas LLC | $2K | 3.97% |
| Old Mission Markets LLC | $1K | 2.85% |
| Citigroup Global Markets Inc. | $1K | 2.76% |
| Flow Traders B.V. | $931 | 2.45% |
JPMorgan SmartRetirement 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 |
|---|---|---|---|
| JSIYX | Class R6 | 0.34% | — |
| JSIIX | Class R5 | 0.44% | — |
| JSRSX | Class I | 0.57% | none |
| JSIQX | Class R4 | 0.59% | — |
| JSRAX | Class A | 0.69% | 4.50% |
| JSIPX | Class R3 | 0.84% | — |
| JSIZX | Class R2 | 1.09% | — |
| JSRCX | Class C | 1.32% | 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.