JXBSX Fees and Costs — JPMorgan Access Balanced Fund, Class I
Data updated: 2024-05-30
The net expense ratio is 0.86% (0.94% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $36K in broker commissions, 0.0100% of average net assets, and portfolio turnover was 38%.
JXBSX Fees and Expenses
Annual operating expenses and sales charges of JXBSX. Prospectus, as of October 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.43% |
| Gross expense ratio | 0.94% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.86% |
| 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 |
JXBSX Costs Over Time
On $10,000 invested in JXBSX, assuming 5% a year before costs, total costs come to $546 over 5 years, cutting the return by 0.91% 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 0.86%) | $90 | $282 | $490 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $300 | $546 |
| Value after costs | $10,409 | $11,277 | $12,217 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
JXBSX 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): 0.0100%
- Total broker commissions: $36K
- Bought from dealers (principal trades, not a cost): $24K
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
JXBSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $10K | 28.64% |
| BofA Securities, Inc. | $8K | 23.28% |
| Flow Traders U.S. Institutional Trading LLC | $4K | 11.83% |
| Goldman Sachs & Co. LLC | $3K | 10.11% |
| Morgan Stanley & Co. LLC | $3K | 8.47% |
| Virtu Americas LLC | $2K | 6.01% |
| RBC Capital Markets, LLC | $1K | 4.31% |
| Citigroup Global Markets Inc. | $975 | 2.83% |
| UBS Securities LLC | $894 | 2.60% |
| Citadel Securities LLC | $658 | 1.91% |
JXBSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $23K | 94.63% |
| UBS Securities LLC | $1K | 5.02% |
| REDBURN (USA) LLC | $70 | 0.29% |
| Goldman Sachs & Co. LLC | $7 | 0.03% |
| BNP Paribas Securities Corp. | $5 | 0.02% |
| Instinet, LLC | $3 | 0.01% |
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.