JSSRX Fees and Costs — JPMorgan SmartRetirement Blend 2020 Fund, Class I
Data updated: 2025-05-28
The net expense ratio is 0.42% (0.70% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $56K in broker commissions, 0.0067% of average net assets, and portfolio turnover was 25%.
JSSRX Fees and Expenses
Annual operating expenses and sales charges of JSSRX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.42% |
| Gross expense ratio | 0.70% |
| Fee waiver | −0.28% |
| 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 |
JSSRX Costs Over Time
On $10,000 invested in JSSRX, assuming 5% a year before costs, total costs come to $270 over 5 years, cutting the return by 0.45% 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) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $148 | $270 |
| Value after costs | $10,455 | $11,429 | $12,493 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
JSSRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0067%
- Total broker commissions: $56K
- Bought from dealers (principal trades, not a cost): $166.2M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
JSSRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $14K | 26.17% |
| Goldman Sachs & Co. LLC | $13K | 24.56% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $9K | 17.18% |
| Virtu Americas LLC | $6K | 10.66% |
| Citadel Securities LLC | $3K | 6.49% |
| Citigroup Global Markets Inc. | $3K | 4.81% |
| Barclays Capital, Inc. | $2K | 4.27% |
| Morgan Stanley & Co. LLC | $2K | 3.23% |
| RBC Capital Markets, LLC | $759 | 1.42% |
| Jane Street Execution Services, LLC | $654 | 1.22% |
JSSRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $32.9M | 23.14% |
| Wells Fargo Securities, LLC | $27.3M | 19.22% |
| Goldman Sachs & Co. LLC | $15.5M | 10.90% |
| Citigroup Global Markets Inc. | $15.3M | 10.80% |
| BofA Securities, Inc. | $14.6M | 10.27% |
| Barclays Capital, Inc. | $13.3M | 9.34% |
| Deutsche Bank Securities Inc. | $9.0M | 6.35% |
| BMO Nesbitt Burns Securities Ltd. | $5.4M | 3.78% |
| Mischler Financial Group, Inc. | $4.8M | 3.36% |
| RBC Capital Markets, LLC | $4.0M | 2.85% |
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.