OMEAX Fees and Costs — JPMorgan Market Expansion Enhanced Index Fund, Class A
Data updated: 2022-05-27
The net expense ratio is 0.60%: a 0.25% management fee, a 0.25% 12b-1 fee plus 0.37% other expenses, less a 0.27% fee waiver. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2021 the fund paid $317K in broker commissions, 0.0331% of average net assets, and portfolio turnover was 35%.
OMEAX Fees and Expenses
Annual operating expenses and sales charges of OMEAX. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.37% |
| Gross expense ratio | 0.87% |
| Fee waiver | −0.27% |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | 5.25% |
| 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 |
OMEAX Costs Over Time
On $10,000 invested in OMEAX, assuming 5% a year before costs, total costs come to $1,048 over 5 years, cutting the return by 1.78% 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 |
| Sales charges | $525 | $525 | $525 |
| Fund expenses (net expense ratio 0.60%) | $60 | $187 | $325 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $26 | $92 | $180 |
| Total costs | $614 | $815 | $1,048 |
| Value after costs | $9,886 | $10,761 | $11,715 |
| Impact on return, per year | 6.14% | 2.52% | 1.78% |
OMEAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0331%
- Total broker commissions: $317K
- Bought from dealers (principal trades, not a cost): $381K
- Portfolio turnover (prospectus): 35%
- Securities on loan, average value: $49.7M
- Net income from securities lending: $98K (0.010% of average net assets)
OMEAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $61K | 24.87% |
| Jefferies LLC | $30K | 12.36% |
| Morgan Stanley & Co. LLC | $28K | 11.43% |
| Barclays Capital, Inc. | $23K | 9.28% |
| UBS Securities LLC | $23K | 9.24% |
| Credit Suisse Securities (USA) LLC | $18K | 7.23% |
| Instinet, LLC | $17K | 6.92% |
| Citigroup Global Markets Inc. | $16K | 6.73% |
| Cowen and Company | $15K | 6.07% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $14K | 5.87% |
OMEAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $336K | 87.97% |
| Virtu Americas LLC | $29K | 7.60% |
| RBC Capital Markets, LLC | $17K | 4.43% |
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.