JTSAX Fees and Costs — JPMorgan SmartRetirement 2050 Fund, Class A
Data updated: 2026-09-11
The net expense ratio is 0.83% (0.91% before fee waivers). This share class carries a maximum front-end sales load of 4.50%. In fiscal 2026 the fund paid $102K in broker commissions, 0.0035% of average net assets, and portfolio turnover was 15%.
JTSAX Fees and Expenses
Annual operating expenses and sales charges of JTSAX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.27% |
| Gross expense ratio | 0.91% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.83% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
JTSAX Costs Over Time
On $10,000 invested in JTSAX, assuming 5% a year before costs, total costs come to $1,074 over 5 years, cutting the return by 1.83% 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 |
| Sales charges | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.83%) | $83 | $260 | $452 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $23 | $84 | $170 |
| Total costs | $556 | $795 | $1,074 |
| Value after costs | $9,944 | $10,781 | $11,689 |
| Impact on return, per year | 5.56% | 2.46% | 1.83% |
JTSAX 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): 0.0035%
- Total broker commissions: $102K
- Bought from dealers (principal trades, not a cost): $7.1M
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $13K
- Net income from securities lending: $390 (0.000% of average net assets)
JTSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $34K | 34.33% |
| Susquehanna Financial Group, LLLP | $21K | 20.94% |
| Morgan Stanley & Co. LLC | $14K | 14.13% |
| Goldman Sachs & Co. LLC | $9K | 8.66% |
| Citadel Securities LLC | $8K | 8.30% |
| BofA Securities, Inc. | $4K | 3.86% |
| UBS Securities LLC | $4K | 3.59% |
| Flow Traders B.V. | $2K | 2.44% |
| RBC Capital Markets, LLC | $2K | 1.98% |
| Old Mission Markets LLC | $2K | 1.77% |
JTSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $3.2M | 44.56% |
| Bank of Montreal | $2.3M | 32.18% |
| Natwest Markets Securities Inc. | $472K | 6.64% |
| Citigroup Global Markets Inc. | $402K | 5.67% |
| Morgan Stanley & Co. LLC | $385K | 5.43% |
| Wells Fargo Securities, LLC | $362K | 5.09% |
| BofA Securities, Inc. | $31K | 0.44% |
JPMorgan SmartRetirement 2050 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JTSYX | Class R6 | 0.39% | — |
| JTSIX | Class R5 | 0.49% | — |
| JTSQX | Class R4 | 0.64% | — |
| JTSSX | Class I | 0.64% | none |
| JTSAX | Class A | 0.83% | 4.50% |
| JTSPX | Class R3 | 0.89% | — |
| JTSZX | Class R2 | 1.14% | — |
| JTSCX | Class C | 1.39% | 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.