BBSC Fees and Costs — JPMorgan BetaBuilders U.S. Small Cap Equity 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 $67K in broker commissions, 0.0125% of average net assets, and portfolio turnover was 25%.
BBSC Fees and Expenses
Annual operating expenses and sales charges of BBSC. 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 |
BBSC Costs Over Time
On $10,000 invested in BBSC, assuming 5% a year before costs, total costs come to $65 over 5 years, cutting the return by 0.11% 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) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $11 | $36 | $65 |
| Value after costs | $10,489 | $11,541 | $12,698 |
| Impact on return, per year | 0.11% | 0.11% | 0.11% |
BBSC 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): 0.0125%
- Total broker commissions: $67K
- Bought from dealers (principal trades, not a cost): $18.9M
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $24.3M
- Net income from securities lending: $281K (0.052% of average net assets)
BBSC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $31K | 53.77% |
| BofA Securities, Inc. | $6K | 10.35% |
| Goldman Sachs & Co. LLC | $4K | 7.87% |
| BNP Paribas Securities Corp. | $3K | 4.52% |
| Jefferies LLC | $3K | 4.48% |
| UBS Securities LLC | $3K | 4.45% |
| ROBERT W. BAIRD & CO. INCORPORATED | $2K | 4.11% |
| CIBC World Markets Corp. | $2K | 3.70% |
| Wells Fargo Securities, LLC | $2K | 3.49% |
| RBC Capital Markets, LLC | $2K | 3.27% |
BBSC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $7.9M | 41.63% |
| Barclays Capital, Inc. | $7.4M | 39.16% |
| UBS Securities LLC | $1.5M | 7.98% |
| Goldman Sachs & Co. LLC | $1.0M | 5.54% |
| Macquarie Capital (USA) Inc. | $811K | 4.29% |
| Wedbush Securities Inc. | $123K | 0.65% |
| Citigroup Global Markets Inc. | $117K | 0.62% |
| BofA Securities, Inc. | $24K | 0.13% |
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.