Annual management charges on A-class shares across the firm’s Fusion range will drop by a third, from 1.5% to 1%, while the B and C share class AMCs will decrease from 1% to 0.67% and 0.75% to 0.5% respectively.
Ongoing charges within the range will also undergo a varying reductions, as detailed in the table below:
| Fund | A | B | C | A | B | C |
|---|---|---|---|---|---|---|
| JPM Fusion Balanced | AMC 1.5%, OCR 2.32% | AMC 1%, OCR 1.82% | AMC 0.75%, OCR 1.57% | AMC 1%, OCR1.82% | AMC 0.67%, OCR 1.49% | AMC 0.5%, OCR 1.32% |
| JPM Fusion Conservative | AMC 1.5%, OCR 2.31% | AMC 1%, OCR 1.81% | AMC 0.75%, OCR 1.56% | AMC 1%, OCR 1.81% | AMC 0.67%, OCR 1.48% | AMC 0.5%, OCR 1.31% |
| JPM Fusion Growth | AMC 1.5%, OCR 2.38% | AMC 1%, OCR 1.88% | AMC 0.75%, OCR 1.63% | AMC 1%, OCR 1.88% | AMC 0.67%, OCR 1.55% | AMC 0.5%, OCR 1.38% |
| JPM Fusion Growth Plus | AMC 1.5%, OCR 2.41% | AMC 1%, OCR 1.91% | AMC 0.75%, OCR 1.66% | AMC 1%, OCR 1.91% | AMC 0.67%. OCR 1.58% | AMC 0.5%, OCR 1.41% |
| JPM Fusion Income | AMC 1.5%, OCR 2.27% | AMC 1%, OCR 1.77% | AMC 0.75%, OCR 1.52% | AMC 1%, OCR 1.77% | AMC 0.67%, OCR 1.44% | AMC 0.5%, OCR 1.27% |
Jasper Berens, head of UK Funds at JPMAM, said: “We are making this change to improve competiveness of Fusion Funds in the marketplace, which has evolved significantly since we launched the proposition more than two years ago.”
