OMICX Fees and Costs — JPMorgan Sustainable Municipal Income Fund, Class C
Data updated: 2023-07-27
The net expense ratio is 1.25%: a 0.30% management fee, a 0.75% 12b-1 fee plus 0.44% other expenses, less a 0.25% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2023 the fund paid $202 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 37%.
OMICX Fees and Expenses
Annual operating expenses and sales charges of OMICX. Prospectus, as of June 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.75% |
| Other expenses | 0.44% |
| Gross expense ratio | 1.50% |
| Fee waiver | −0.25% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
OMICX Costs Over Time
On $10,000 invested in OMICX, assuming 5% a year before costs, total costs come to $778 over 5 years, cutting the return by 1.31% 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 | $104 | $0 | $0 |
| Fund expenses (net expense ratio 1.25%) | $131 | $408 | $706 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $235 | $429 | $778 |
| Value after costs | $10,265 | $11,148 | $11,985 |
| Impact on return, per year | 2.35% | 1.31% | 1.31% |
OMICX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $202
- Bought from dealers (principal trades, not a cost): $208.8M
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
OMICX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $151 | 75.00% |
| Deutsche Bank Securities Inc. | $50 | 25.00% |
OMICX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $36.0M | 25.33% |
| Pershing LLC | $18.5M | 13.00% |
| Barclays Capital, Inc. | $15.4M | 10.79% |
| BofA Securities, Inc. | $14.2M | 9.95% |
| Morgan Stanley & Co. LLC | $13.8M | 9.72% |
| Raymond James & Associates, Inc. | $11.4M | 7.99% |
| B. C. Ziegler and Company | $9.7M | 6.80% |
| Citigroup Global Markets Inc. | $8.9M | 6.28% |
| Jefferies LLC | $7.3M | 5.12% |
| Keybanc Capital Markets Inc. | $7.1M | 5.01% |
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.