TXRIX Fees and Costs — JPMorgan Tax Aware Real Return Fund, Class I
Data updated: 2026-09-28
The net expense ratio is 0.45%: a 0.35% management fee plus 0.39% other expenses, less a 0.30% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0020% of average net assets, and portfolio turnover was 65%.
TXRIX Fees and Expenses
Annual operating expenses and sales charges of TXRIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.39% |
| Gross expense ratio | 0.75% |
| Fee waiver | −0.30% |
| 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 |
TXRIX Costs Over Time
On $10,000 invested in TXRIX, assuming 5% a year before costs, total costs come to $286 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 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $286 |
| Value after costs | $10,453 | $11,420 | $12,477 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
TXRIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0020%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $667.9M
- Portfolio turnover (prospectus): 65%
- Securities lending: none during the year
TXRIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $5K | 40.25% |
| BofA Securities, Inc. | $3K | 23.40% |
| Barclays Capital, Inc. | $2K | 20.20% |
| Morgan Stanley & Co. LLC | $1K | 8.85% |
| Deutsche Bank Securities Inc. | $837 | 7.31% |
TXRIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $84.9M | 17.78% |
| Jefferies LLC | $69.8M | 14.62% |
| RBC Capital Markets, LLC | $60.5M | 12.66% |
| Wells Fargo Securities, LLC | $52.9M | 11.09% |
| Morgan Stanley & Co. LLC | $51.9M | 10.87% |
| Goldman Sachs & Co. LLC | $41.2M | 8.64% |
| Raymond James & Associates, Inc. | $39.9M | 8.36% |
| Truist Securities, Inc. | $29.2M | 6.11% |
| Barclays Capital, Inc. | $26.6M | 5.56% |
| Piper Sandler & Co. | $20.6M | 4.31% |
JPMorgan Tax Aware Real Return Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TXRRX | Class R6 | 0.35% | — |
| TXRIX | Class I | 0.45% | none |
| TXRAX | Class A | 0.70% | 3.75% |
| TXRCX | Class C | 1.20% | 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.