JVASX Fees and Costs — JPMorgan Value Advantage Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 0.74%: a 0.50% management fee plus 0.36% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2.4M in broker commissions, 0.0278% of average net assets, and portfolio turnover was 39%.
JVASX Fees and Expenses
Annual operating expenses and sales charges of JVASX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 0.86% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.74% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
JVASX Costs Over Time
On $10,000 invested in JVASX, assuming 5% a year before costs, total costs come to $482 over 5 years, cutting the return by 0.81% 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 0.74%) | $78 | $243 | $422 |
| Trading costs (broker commissions) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $81 | $265 | $482 |
| Value after costs | $10,419 | $11,312 | $12,280 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
JVASX 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): 0.0278%
- Total broker commissions: $2.4M
- Bought from dealers (principal trades, not a cost): $43.1M
- Portfolio turnover (prospectus): 39%
- Securities on loan, average value: $22.1M
- Net income from securities lending: $81K (0.001% of average net assets)
JVASX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $308K | 18.04% |
| TD SECURITIES (USA) LLC | $264K | 15.51% |
| Morgan Stanley & Co. LLC | $223K | 13.08% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $206K | 12.10% |
| Evercore Group L.L.C. | $149K | 8.73% |
| Piper Sandler & Co. | $134K | 7.88% |
| Truist Securities, Inc. | $125K | 7.32% |
| RBC Capital Markets, LLC | $124K | 7.30% |
| Barclays Capital, Inc. | $86K | 5.04% |
| Jefferies LLC | $85K | 5.00% |
JVASX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $38.2M | 88.59% |
| Morgan Stanley & Co. LLC | $4.9M | 11.41% |
JPMorgan Value Advantage Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JVAYX | Class R6 | 0.50% | — |
| JVARX | Class R5 | 0.60% | — |
| JVAIX | Class L | 0.70% | — |
| JVASX | Class I | 0.74% | none |
| JVAQX | Class R4 | 0.75% | — |
| JVAAX | Class A | 0.99% | 5.25% |
| JVAPX | Class R3 | 1.00% | — |
| JGAQX | Class R2 | 1.25% | — |
| JVACX | Class C | 1.49% | 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.