PRBIX Fees and Costs — JPMorgan Tax Free Bond Fund, Class I
Data updated: 2026-07-28
The net expense ratio is 0.45%: a 0.30% management fee plus 0.37% other expenses, less a 0.23% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $5K in broker commissions, 0.0007% of average net assets, and portfolio turnover was 54%.
PRBIX Fees and Expenses
Annual operating expenses and sales charges of PRBIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.37% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.23% |
| Net expense ratio | 0.45% |
| 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 |
PRBIX Costs Over Time
On $10,000 invested in PRBIX, assuming 5% a year before costs, total costs come to $285 over 5 years, cutting the return by 0.47% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $285 |
| Value after costs | $10,453 | $11,420 | $12,478 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
PRBIX 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): 0.0007%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $933.2M
- Portfolio turnover (prospectus): 54%
- Securities lending: none during the year
PRBIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $3K | 52.49% |
| BofA Securities, Inc. | $1K | 23.04% |
| Morgan Stanley & Co. LLC | $969 | 18.77% |
| Barclays Capital, Inc. | $295 | 5.70% |
PRBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $109.2M | 15.93% |
| Wells Fargo Securities, LLC | $103.8M | 15.15% |
| Jefferies LLC | $91.0M | 13.28% |
| Morgan Stanley & Co. LLC | $89.8M | 13.11% |
| Goldman Sachs & Co. LLC | $82.9M | 12.09% |
| RBC Capital Markets, LLC | $56.9M | 8.31% |
| TD SECURITIES (USA) LLC | $48.7M | 7.11% |
| Raymond James & Associates, Inc. | $41.2M | 6.01% |
| Barclays Capital, Inc. | $32.6M | 4.76% |
| Truist Securities, Inc. | $29.1M | 4.24% |
JPMorgan Tax Free Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RUNFX | Class R6 | 0.40% | — |
| PRBIX | Class I | 0.45% | none |
| PMBAX | Class A | 0.67% | 3.75% |
| JTFCX | Class C | 1.25% | none |
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.