BBMC Fees and Costs — JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
Data updated: 2026-09-28
The net expense ratio is 0.07%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $93K in broker commissions, 0.0050% of average net assets, and portfolio turnover was 19%.
BBMC Fees and Expenses
Annual operating expenses and sales charges of BBMC. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.07% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.07% |
| Fee waiver | — |
| Net expense ratio | 0.07% |
| 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 |
BBMC Costs Over Time
On $10,000 invested in BBMC, assuming 5% a year before costs, total costs come to $48 over 5 years, cutting the return by 0.08% 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 0.07%) | $7 | $23 | $41 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $8 | $26 | $48 |
| Value after costs | $10,492 | $11,550 | $12,715 |
| Impact on return, per year | 0.08% | 0.08% | 0.08% |
BBMC 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): 0.0050%
- Total broker commissions: $93K
- Bought from dealers (principal trades, not a cost): $74.2M
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $42.1M
- Net income from securities lending: $792K (0.042% of average net assets)
BBMC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $53K | 57.70% |
| Morgan Stanley & Co. LLC | $32K | 34.25% |
| BofA Securities, Inc. | $2K | 2.10% |
| UBS Securities LLC | $2K | 2.08% |
| Goldman Sachs & Co. LLC | $2K | 1.79% |
| Citigroup Global Markets Inc. | $1K | 1.35% |
| ROBERT W. BAIRD & CO. INCORPORATED | $224 | 0.24% |
| TD SECURITIES (USA) LLC | $214 | 0.23% |
| Barclays Capital, Inc. | $123 | 0.13% |
| BNP Paribas Securities Corp. | $122 | 0.13% |
BBMC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $46.5M | 62.69% |
| UBS Securities LLC | $13.6M | 18.28% |
| BNP Paribas Securities Corp. | $3.8M | 5.10% |
| CIBC World Markets Corp. | $3.6M | 4.80% |
| Wedbush Securities Inc. | $3.2M | 4.29% |
| Goldman Sachs & Co. LLC | $1.6M | 2.19% |
| Macquarie Capital (USA) Inc. | $1.3M | 1.79% |
| BTIG, LLC | $627K | 0.85% |
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.