BBRE Fees and Costs — JPMorgan BetaBuilders MSCI US REIT ETF
Data updated: 2026-07-28
The net expense ratio is 0.11%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $26K in broker commissions, 0.0028% of average net assets, and portfolio turnover was 8%.
BBRE Fees and Expenses
Annual operating expenses and sales charges of BBRE. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.11% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.11% |
| Fee waiver | — |
| Net expense ratio | 0.11% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BBRE Costs Over Time
On $10,000 invested in BBRE, assuming 5% a year before costs, total costs come to $72 over 5 years, cutting the return by 0.12% 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 0.11%) | $12 | $36 | $64 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $2 | $7 |
| Total costs | $12 | $39 | $72 |
| Value after costs | $10,488 | $11,537 | $12,691 |
| Impact on return, per year | 0.12% | 0.12% | 0.12% |
BBRE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0028%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $63.5M
- Portfolio turnover (prospectus): 8%
- Securities on loan, average value: $7.8M
- Net income from securities lending: $19K (0.002% of average net assets)
BBRE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $9K | 35.39% |
| BofA Securities, Inc. | $7K | 27.29% |
| UBS Securities LLC | $3K | 13.28% |
| ROBERT W. BAIRD & CO. INCORPORATED | $2K | 7.18% |
| Morgan Stanley & Co. LLC | $2K | 6.58% |
| Citigroup Global Markets Inc. | $1K | 4.59% |
| SG Americas Securities, LLC | $554 | 2.18% |
| Jane Street Execution Services, LLC | $400 | 1.57% |
| Jane Street Capital, LLC | $307 | 1.21% |
| Barclays Capital, Inc. | $186 | 0.73% |
BBRE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $58.0M | 91.33% |
| UBS Securities LLC | $3.0M | 4.66% |
| Raymond James & Associates, Inc. | $1.9M | 2.92% |
| Barclays Capital, Inc. | $615K | 0.97% |
| BofA Securities, Inc. | $67K | 0.11% |
| Citigroup Global Markets Inc. | $5K | 0.01% |
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.