VSCOX Fees and Costs — JPMorgan Small Cap Blend Fund, Class A
Data updated: 2026-09-11
The net expense ratio is 1.24%: a 0.65% management fee, a 0.25% 12b-1 fee plus 0.36% other expenses, less a 0.02% fee waiver. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2026 the fund paid $1.1M in broker commissions, 0.0731% of average net assets, and portfolio turnover was 49%.
VSCOX Fees and Expenses
Annual operating expenses and sales charges of VSCOX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.36% |
| Gross expense ratio | 1.26% |
| Fee waiver | −0.02% |
| Net expense ratio | 1.24% |
| 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 |
VSCOX Costs Over Time
On $10,000 invested in VSCOX, assuming 5% a year before costs, total costs come to $1,443 over 5 years, cutting the return by 2.49% 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 1.24%) | $123 | $384 | $663 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $26 | $103 | $216 |
| Total costs | $682 | $1,034 | $1,443 |
| Value after costs | $9,818 | $10,542 | $11,319 |
| Impact on return, per year | 6.82% | 3.22% | 2.49% |
VSCOX 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): 0.0731%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $61.3M
- Portfolio turnover (prospectus): 49%
- Securities on loan, average value: $40.7M
- Net income from securities lending: $468K (0.030% of average net assets)
VSCOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Truist Securities, Inc. | $215K | 27.84% |
| Piper Sandler & Co. | $120K | 15.56% |
| UBS Securities LLC | $64K | 8.28% |
| Jefferies LLC | $62K | 8.08% |
| Goldman Sachs & Co. LLC | $58K | 7.54% |
| Raymond James & Associates, Inc. | $58K | 7.47% |
| RBC Capital Markets, LLC | $55K | 7.12% |
| Cantor Fitzgerald & Co. | $53K | 6.87% |
| BMO Capital Markets Corp. | $44K | 5.66% |
| Virtu Americas LLC | $43K | 5.59% |
VSCOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $19.5M | 31.78% |
| Leerink Partners LLC | $17.2M | 27.98% |
| Goldman Sachs & Co. LLC | $15.3M | 24.98% |
| Morgan Stanley & Co. LLC | $4.3M | 7.04% |
| Barclays Capital, Inc. | $2.2M | 3.63% |
| RBC Capital Markets, LLC | $1.4M | 2.32% |
| Wells Fargo Securities, LLC | $1.2M | 1.91% |
| Piper Sandler & Co. | $217K | 0.35% |
JPMorgan Small Cap Blend Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| JSCHX | Class R6 | 0.74% | — |
| JDSCX | Class I | 0.99% | none |
| VSCOX | Class A | 1.24% | 5.25% |
| VSCCX | Class C | 1.74% | 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.