BBSA Fees and Costs — JPMorgan BetaBuilders 1-5 Year U.S. Aggregate Bond ETF
Data updated: 2024-10-28
The net expense ratio is 0.05%. There are no sales loads or redemption fees. Portfolio turnover was 55%.
BBSA Fees and Expenses
Annual operating expenses and sales charges of BBSA. Prospectus, as of June 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.05% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.05% |
| Fee waiver | — |
| Net expense ratio | 0.05% |
| 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 |
BBSA Costs Over Time
On $10,000 invested in BBSA, assuming 5% a year before costs, total costs come to $32 over 5 years, cutting the return by 0.05% 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 0.05%) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $5 | $17 | $32 |
| Value after costs | $10,495 | $11,559 | $12,731 |
| Impact on return, per year | 0.05% | 0.05% | 0.05% |
BBSA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 29, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $23.4M
- Portfolio turnover (prospectus): 55%
- Securities lending: none during the year
BBSA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $5.9M | 30.10% |
| Goldman Sachs & Co. LLC | $3.1M | 15.96% |
| BNP Paribas Securities Corp. | $2.1M | 10.56% |
| BofA Securities, Inc. | $1.9M | 9.62% |
| Wells Fargo Securities, LLC | $1.8M | 9.30% |
| Morgan Stanley & Co. LLC | $1.8M | 8.96% |
| Barclays Capital, Inc. | $1.0M | 5.23% |
| BMO Nesbitt Burns Securities Ltd. | $798K | 4.07% |
| Nomura Securities International, Inc. | $619K | 3.16% |
| MarketAxess Corporation | $593K | 3.02% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.