OMBIX Fees and Costs — JPMorgan Mortgage-Backed Securities Fund, Class I
Data updated: 2025-07-28
The net expense ratio is 0.40%: a 0.25% management fee plus 0.35% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $42K in broker commissions, 0.0007% of average net assets, and portfolio turnover was 20%.
OMBIX Fees and Expenses
Annual operating expenses and sales charges of OMBIX. Prospectus, as of June 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 0.61% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.40% |
| 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 |
OMBIX Costs Over Time
On $10,000 invested in OMBIX, assuming 5% a year before costs, total costs come to $254 over 5 years, cutting the return by 0.42% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $139 | $254 |
| Value after costs | $10,458 | $11,438 | $12,509 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
OMBIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0007%
- Total broker commissions: $42K
- Bought from dealers (principal trades, not a cost): $10.2B
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
OMBIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $22K | 52.14% |
| Citigroup Global Markets Inc. | $17K | 41.46% |
| Goldman Sachs & Co. LLC | $2K | 5.87% |
| BofA Securities, Inc. | $221 | 0.53% |
OMBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $4.1B | 41.55% |
| Wells Fargo Securities, LLC | $3.1B | 31.74% |
| Goldman Sachs & Co. LLC | $1.4B | 13.92% |
| Mizuho Securities USA LLC | $353.2M | 3.62% |
| BofA Securities, Inc. | $299.9M | 3.07% |
| StoneX Financial, Inc. | $218.4M | 2.24% |
| Citigroup Global Markets Inc. | $117.7M | 1.21% |
| Performance Trust Capital Partners, LLC | $92.8M | 0.95% |
| Brean Capital, LLC | $92.4M | 0.95% |
| Nomura Securities International, Inc. | $74.6M | 0.76% |
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.