VGIIX Fees and Costs — JPMorgan U.S. Value Fund, Class I
Data updated: 2026-09-11
The net expense ratio is 0.69%: a 0.40% management fee plus 0.34% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $580K in broker commissions, 0.0088% of average net assets, and portfolio turnover was 22%.
VGIIX Fees and Expenses
Annual operating expenses and sales charges of VGIIX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.34% |
| Gross expense ratio | 0.74% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.69% |
| 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 |
VGIIX Costs Over Time
On $10,000 invested in VGIIX, assuming 5% a year before costs, total costs come to $440 over 5 years, cutting the return by 0.73% 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 0.69%) | $72 | $227 | $395 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $241 | $440 |
| Value after costs | $10,427 | $11,335 | $12,323 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
VGIIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0088%
- Total broker commissions: $580K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 22%
- Securities on loan, average value: $8.9M
- Net income from securities lending: $13K (0.000% of average net assets)
VGIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $127K | 29.62% |
| Morgan Stanley & Co. LLC | $90K | 21.12% |
| Jefferies LLC | $34K | 7.96% |
| RBC Capital Markets, LLC | $34K | 7.95% |
| TD SECURITIES (USA) LLC | $33K | 7.79% |
| Evercore Group L.L.C. | $24K | 5.55% |
| Barclays Capital, Inc. | $23K | 5.43% |
| Piper Sandler & Co. | $23K | 5.33% |
| Goldman Sachs & Co. LLC | $21K | 4.81% |
| BNP Paribas Securities Corp. | $19K | 4.44% |
JPMorgan U.S. Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VGINX | Class R6 | 0.44% | — |
| VGIFX | Class R5 | 0.54% | — |
| JGRUX | Class R4 | 0.69% | — |
| VGIIX | Class I | 0.69% | none |
| JGAVX | Class R3 | 0.94% | — |
| VGRIX | Class A | 0.94% | 5.25% |
| VGRTX | Class R2 | 1.19% | — |
| VGICX | Class C | 1.44% | 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.