JUSPX Fees and Costs — JPMorgan U.S. Small Company Fund, Class R3
Data updated: 2026-09-11
The net expense ratio is 1.22%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.37% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.2M in broker commissions, 0.1197% of average net assets, and portfolio turnover was 104%.
JUSPX Fees and Expenses
Annual operating expenses and sales charges of JUSPX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.37% |
| Gross expense ratio | 1.22% |
| Fee waiver | — |
| Net expense ratio | 1.22% |
| 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 |
JUSPX Costs Over Time
On $10,000 invested in JUSPX, assuming 5% a year before costs, total costs come to $832 over 5 years, cutting the return by 1.41% 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 1.22%) | $128 | $398 | $688 |
| Trading costs (broker commissions) | $13 | $39 | $68 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $459 | $832 |
| Value after costs | $10,359 | $11,117 | $11,931 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
JUSPX 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): 0.1197%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): $20.4M
- Portfolio turnover (prospectus): 104%
- Securities on loan, average value: $50.6M
- Net income from securities lending: $303K (0.031% of average net assets)
JUSPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $207K | 24.20% |
| Jefferies LLC | $188K | 22.08% |
| Piper Sandler & Co. | $86K | 10.05% |
| UBS Securities LLC | $75K | 8.73% |
| Citigroup Global Markets Inc. | $70K | 8.21% |
| Goldman Sachs & Co. LLC | $58K | 6.81% |
| TD SECURITIES (USA) LLC | $55K | 6.44% |
| Morgan Stanley & Co. LLC | $46K | 5.42% |
| Virtu Americas LLC | $36K | 4.27% |
| Fidelity Brokerage Services LLC | $32K | 3.79% |
JUSPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $15.1M | 74.20% |
| Jefferies LLC | $2.1M | 10.38% |
| Morgan Stanley & Co. LLC | $1.4M | 7.00% |
| Needham & Company, LLC | $674K | 3.30% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $335K | 1.64% |
| Citigroup Global Markets Inc. | $301K | 1.47% |
| Virtu Americas LLC | $214K | 1.05% |
| UBS Securities LLC | $112K | 0.55% |
| Fidelity Brokerage Services LLC | $63K | 0.31% |
| State Street Global Markets, LLC | $20K | 0.10% |
JPMorgan U.S. Small Company Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JUSMX | Class R6 | 0.72% | — |
| JUSSX | Class L | 0.81% | — |
| JUSYX | Class R5 | 0.81% | — |
| JSCSX | Class I | 0.94% | none |
| JUSQX | Class R4 | 0.97% | — |
| JTUAX | Class A | 1.19% | 5.25% |
| JUSPX | Class R3 | 1.22% | — |
| JSCZX | Class R2 | 1.48% | — |
| JTUCX | Class C | 1.69% | 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.