BBUS Fees and Costs — JPMorgan BetaBuilders U.S. Equity ETF
Data updated: 2026-09-28
The net expense ratio is 0.02%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 3%.
BBUS Fees and Expenses
Annual operating expenses and sales charges of BBUS. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.02% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.02% |
| Fee waiver | — |
| Net expense ratio | 0.02% |
| 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 |
BBUS Costs Over Time
On $10,000 invested in BBUS, assuming 5% a year before costs, total costs come to $13 over 5 years, cutting the return by 0.02% 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 0.02%) | $2 | $7 | $12 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $0 | $1 |
| Total costs | $2 | $7 | $13 |
| Value after costs | $10,498 | $11,569 | $12,750 |
| Impact on return, per year | 0.02% | 0.02% | 0.02% |
BBUS 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): 0.0003%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $70.5M
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $2.0M
- Net income from securities lending: $3K (0.000% of average net assets)
BBUS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $3K | 27.30% |
| BofA Securities, Inc. | $2K | 16.08% |
| Morgan Stanley & Co. LLC | $1K | 12.67% |
| Virtu Americas LLC | $1K | 11.62% |
| BNP Paribas Securities Corp. | $785 | 7.17% |
| Wells Fargo Securities, LLC | $665 | 6.08% |
| ROBERT W. BAIRD & CO. INCORPORATED | $645 | 5.90% |
| RBC Capital Markets, LLC | $516 | 4.72% |
| Citigroup Global Markets Inc. | $471 | 4.31% |
| Loop Capital Markets LLC | $454 | 4.15% |
BBUS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $44.3M | 62.82% |
| Morgan Stanley & Co. LLC | $25.6M | 36.29% |
| Wedbush Securities Inc. | $431K | 0.61% |
| RBC Capital Markets, LLC | $201K | 0.28% |
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.