BBEU Fees and Costs — JPMorgan BetaBuilders Europe ETF
Data updated: 2026-09-28
The net expense ratio is 0.09%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $93K in broker commissions, 0.0019% of average net assets, and portfolio turnover was 5%.
BBEU Fees and Expenses
Annual operating expenses and sales charges of BBEU. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.09% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.09% |
| Fee waiver | — |
| Net expense ratio | 0.09% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
BBEU Costs Over Time
On $10,000 invested in BBEU, assuming 5% a year before costs, total costs come to $59 over 5 years, cutting the return by 0.10% 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 0.09%) | $9 | $30 | $52 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $10 | $32 | $59 |
| Value after costs | $10,490 | $11,544 | $12,704 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
BBEU 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): 0.0019%
- Total broker commissions: $93K
- Bought from dealers (principal trades, not a cost): $75K
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $54.6M
- Net income from securities lending: $606K (0.013% of average net assets)
BBEU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $47K | 50.09% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $17K | 18.10% |
| BNP Paribas Securities Corp. | $10K | 10.54% |
| UBS Securities LLC | $8K | 8.77% |
| Zurcher Kantonalbank | $5K | 5.20% |
| Barclays Capital, Inc. | $4K | 4.59% |
| Citigroup Global Markets Inc. | $2K | 2.06% |
| BofA Securities, Inc. | $292 | 0.31% |
| Morgan Stanley & Co. LLC | $291 | 0.31% |
| Drexel Hamilton, LLC | $15 | 0.02% |
BBEU Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $54K | 72.34% |
| Barclays Capital, Inc. | $21K | 27.66% |
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.