MJLXX Fees and Costs — JPMorgan Liquid Assets Money Market Fund, Morgan Shares
Data updated: 2026-06-23
The net expense ratio is 0.57%: a 0.08% management fee, a 0.10% 12b-1 fee plus 0.39% other expenses. There are no sales loads or redemption fees.
MJLXX Fees and Expenses
Annual operating expenses and sales charges of MJLXX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.39% |
| Gross expense ratio | 0.57% |
| Fee waiver | — |
| Net expense ratio | 0.57% |
| 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 |
MJLXX Costs Over Time
On $10,000 invested in MJLXX, assuming 5% a year before costs, total costs come to $360 over 5 years, cutting the return by 0.60% 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 0.57%) | $60 | $188 | $327 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $197 | $360 |
| Value after costs | $10,440 | $11,379 | $12,403 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
MJLXX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $5.92T
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
MJLXX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| TP ICAP GLOBAL MARKETS AMERICAS LLC | $1.30T | 27.16% |
| Fixed Income Clearing Corporation | $871.3B | 18.27% |
| Citigroup Global Markets Inc. | $562.4B | 11.79% |
| Tradition Securities and Derivatives Inc. | $547.9B | 11.49% |
| ICAP Corporates LLC | $365.4B | 7.66% |
| Mizuho Securities USA LLC | $276.7B | 5.80% |
| RBC Capital Markets, LLC | $261.8B | 5.49% |
| Erste Group Bank AG | $212.3B | 4.45% |
| Wells Fargo Securities, LLC | $204.7B | 4.29% |
| Cooperatieve Rabobank U.A. | $172.0B | 3.61% |
JPMorgan Liquid Assets Money Market Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CJLXX | Capital Shares | 0.17% | — |
| IJLXX | Institutional Class Shares | 0.21% | — |
| AJLXX | Agency Shares | 0.26% | — |
| PJLXX | Premier Shares | 0.42% | — |
| HLPXX | Investor Shares | 0.48% | — |
| MJLXX | Morgan Shares | 0.57% | — |
| HPIXX | Reserve Shares | 0.69% | — |
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.