VHIAX Fees and Costs — JPMorgan Growth Advantage Fund, Class A
Data updated: 2026-09-11
The net expense ratio is 0.99%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.36% other expenses, less a 0.12% fee waiver. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2026 the fund paid $2.5M in broker commissions, 0.0109% of average net assets, and portfolio turnover was 36%.
VHIAX Fees and Expenses
Annual operating expenses and sales charges of VHIAX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.36% |
| Gross expense ratio | 1.11% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.99% |
| 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 |
VHIAX Costs Over Time
On $10,000 invested in VHIAX, assuming 5% a year before costs, total costs come to $1,263 over 5 years, cutting the return by 2.17% 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 0.99%) | $98 | $307 | $533 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $26 | $98 | $199 |
| Total costs | $651 | $934 | $1,263 |
| Value after costs | $9,849 | $10,642 | $11,500 |
| Impact on return, per year | 6.51% | 2.90% | 2.17% |
VHIAX 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): 0.0109%
- Total broker commissions: $2.5M
- Bought from dealers (principal trades, not a cost): $501.2M
- Portfolio turnover (prospectus): 36%
- Securities on loan, average value: $28.3M
- Net income from securities lending: $389K (0.002% of average net assets)
VHIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $506K | 26.12% |
| Goldman Sachs & Co. LLC | $344K | 17.74% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $252K | 12.97% |
| Barclays Capital, Inc. | $189K | 9.75% |
| Piper Sandler & Co. | $151K | 7.79% |
| UBS Securities LLC | $132K | 6.79% |
| RBC Capital Markets, LLC | $120K | 6.20% |
| Virtu Americas LLC | $89K | 4.61% |
| TD SECURITIES (USA) LLC | $78K | 4.04% |
| Jefferies LLC | $77K | 3.98% |
VHIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $355.4M | 70.90% |
| Jefferies LLC | $77.2M | 15.41% |
| Morgan Stanley & Co. LLC | $54.4M | 10.85% |
| Silicon Valley Bank | $14.2M | 2.84% |
JPMorgan Growth Advantage Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JGVVX | Class R6 | 0.50% | — |
| JGVRX | Class R5 | 0.60% | — |
| JGASX | Class I | 0.74% | none |
| JGTUX | Class R4 | 0.75% | — |
| VHIAX | Class A | 0.99% | 5.25% |
| JGTTX | Class R3 | 1.00% | — |
| JGRJX | Class R2 | 1.25% | — |
| JGACX | Class C | 1.49% | 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.