C000163470 Fees and Costs — JPMorgan Diversified Return Europe Equity ETF
Data updated: 2020-06-29
The net expense ratio is 0.37%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $2K in broker commissions, 0.0075% of average net assets, and portfolio turnover was 20%.
C000163470 Fees and Expenses
Annual operating expenses and sales charges of C000163470. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.37% |
| Fee waiver | — |
| Net expense ratio | 0.37% |
| 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 |
C000163470 Costs Over Time
On $10,000 invested in C000163470, assuming 5% a year before costs, total costs come to $239 over 5 years, cutting the return by 0.40% 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 0.37%) | $39 | $122 | $213 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $40 | $131 | $239 |
| Value after costs | $10,460 | $11,446 | $12,524 |
| Impact on return, per year | 0.40% | 0.40% | 0.40% |
C000163470 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0075%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $78.7M
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $195K
- Net income from securities lending: $7K (0.025% of average net assets)
C000163470 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $1K | 51.84% |
| Goldman Sachs & Co. LLC | $323 | 15.66% |
| Citigroup Global Markets Inc. | $239 | 11.59% |
| UBS Securities LLC | $133 | 6.45% |
| Deutsche Bank Securities Inc. | $95 | 4.61% |
| AXA Advisors, LLC | $69 | 3.35% |
| HSBC Securities (USA) Inc. | $65 | 3.15% |
| SG Americas Securities, LLC | $55 | 2.67% |
| Virtu Americas LLC | $13 | 0.63% |
| Barclays Capital Inc. | $1 | 0.05% |
C000163470 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse Securities (USA) LLC | $45.7M | 58.13% |
| Goldman Sachs & Co. LLC | $20.0M | 25.43% |
| UBS Securities LLC | $12.9M | 16.44% |
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.