OIEAX Fees and Costs — JPMorgan International Research Enhanced Equity Fund, Class I
Data updated: 2023-01-17
The net expense ratio is 0.35%: a 0.20% management fee plus 0.36% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $1.1M in broker commissions, 0.0213% of average net assets, and portfolio turnover was 20%.
OIEAX Fees and Expenses
Annual operating expenses and sales charges of OIEAX. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 0.56% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.35% |
| 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 |
OIEAX Costs Over Time
On $10,000 invested in OIEAX, assuming 5% a year before costs, total costs come to $235 over 5 years, cutting the return by 0.39% 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 0.35%) | $37 | $115 | $201 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $128 | $235 |
| Value after costs | $10,461 | $11,448 | $12,528 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
OIEAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0213%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $524
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $71.5M
- Net income from securities lending: $517K (0.010% of average net assets)
OIEAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $360K | 36.49% |
| Goldman Sachs & Co. LLC | $359K | 36.44% |
| UBS Securities LLC | $113K | 11.47% |
| Credit Agricole Securities (USA) Inc. | $29K | 2.93% |
| BNP Paribas Securities Corp. | $23K | 2.32% |
| CITIC Securities International USA, LLC | $22K | 2.27% |
| Instinet, LLC | $21K | 2.17% |
| Pershing LLC | $21K | 2.11% |
| Mizuho Securities USA LLC | $20K | 2.00% |
| Citigroup Global Markets Inc. | $18K | 1.80% |
OIEAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Credit Agricole Securities (USA) Inc. | $524 | 100.00% |
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.