JTTIX Fees and Costs — JPMorgan SmartRetirement 2020 Fund, Class R5
Data updated: 2025-05-28
The net expense ratio is 0.44% (0.47% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $93K in broker commissions, 0.0066% of average net assets, and portfolio turnover was 17%.
JTTIX Fees and Expenses
Annual operating expenses and sales charges of JTTIX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.47% |
| Fee waiver | −0.03% |
| 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 |
JTTIX Costs Over Time
On $10,000 invested in JTTIX, assuming 5% a year before costs, total costs come to $282 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 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $154 | $282 |
| Value after costs | $10,453 | $11,422 | $12,480 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
JTTIX 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): 0.0066%
- Total broker commissions: $93K
- Bought from dealers (principal trades, not a cost): $10.9M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
JTTIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $40K | 46.04% |
| Goldman Sachs & Co. LLC | $12K | 14.06% |
| Virtu Americas LLC | $9K | 10.41% |
| BofA Securities, Inc. | $7K | 8.49% |
| Morgan Stanley & Co. LLC | $4K | 4.08% |
| Barclays Capital, Inc. | $4K | 4.02% |
| Citigroup Global Markets Inc. | $3K | 3.98% |
| Flow Traders B.V. | $3K | 3.73% |
| Citadel Securities LLC | $3K | 3.23% |
| RBC Capital Markets, LLC | $2K | 1.95% |
JTTIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Nesbitt Burns Securities Ltd. | $5.2M | 47.70% |
| Morgan Stanley & Co. LLC | $3.0M | 27.42% |
| Wells Fargo Securities, LLC | $2.7M | 24.33% |
| BNP Paribas Securities Corp. | $60K | 0.54% |
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.