JTQDX Fees and Costs — JPMorgan SmartRetirement Blend 2015 Fund, Class I
Data updated: 2023-11-28
The net expense ratio is 0.44% (1.30% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $3K in broker commissions, 0.0119% of average net assets, and portfolio turnover was 58%.
JTQDX Fees and Expenses
Annual operating expenses and sales charges of JTQDX. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.99% |
| Gross expense ratio | 1.30% |
| Fee waiver | −0.86% |
| Net expense ratio | 0.44% |
| 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 |
JTQDX Costs Over Time
On $10,000 invested in JTQDX, assuming 5% a year before costs, total costs come to $286 over 5 years, cutting the return by 0.47% 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 0.44%) | $46 | $145 | $253 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $286 |
| Value after costs | $10,453 | $11,420 | $12,477 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
JTQDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0119%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $6.1M
- Portfolio turnover (prospectus): 58%
- Securities lending: none during the year
JTQDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $667 | 25.95% |
| Goldman Sachs & Co. LLC | $499 | 19.40% |
| RBC Capital Markets, LLC | $457 | 17.75% |
| Flow Traders B.V. | $452 | 17.59% |
| BofA Securities, Inc. | $125 | 4.86% |
| Citadel Securities LLC | $120 | 4.68% |
| Virtu Americas LLC | $97 | 3.77% |
| Citigroup Global Markets Inc. | $96 | 3.74% |
| Morgan Stanley & Co. LLC | $41 | 1.59% |
| BNP Paribas Securities Corp. | $18 | 0.69% |
JTQDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $879K | 17.09% |
| Morgan Stanley & Co. LLC | $840K | 16.32% |
| RBC Capital Markets, LLC | $754K | 14.65% |
| BNP Paribas Securities Corp. | $551K | 10.70% |
| BMO Nesbitt Burns Securities Ltd. | $512K | 9.94% |
| Citigroup Global Markets Inc. | $437K | 8.50% |
| Wells Fargo Securities, LLC | $406K | 7.89% |
| Goldman Sachs & Co. LLC | $321K | 6.23% |
| Brean Capital, LLC | $240K | 4.67% |
| BofA Securities, Inc. | $206K | 4.01% |
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.