C000171207 Fees and Costs — JPMorgan Event Driven ETF
Data updated: 2020-06-29
The net expense ratio is 0.85%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $42K in broker commissions, 0.1536% of average net assets, and portfolio turnover was 206%.
C000171207 Fees and Expenses
Annual operating expenses and sales charges of C000171207. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| 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 |
C000171207 Costs Over Time
On $10,000 invested in C000171207, assuming 5% a year before costs, total costs come to $628 over 5 years, cutting the return by 1.05% 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 0.85%) | $89 | $278 | $483 |
| Trading costs (broker commissions) | $16 | $50 | $87 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $105 | $345 | $628 |
| Value after costs | $10,395 | $11,231 | $12,135 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
C000171207 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): 0.1536%
- Total broker commissions: $42K
- Bought from dealers (principal trades, not a cost): $9.0M
- Portfolio turnover (prospectus): 206%
- Securities on loan, average value: $223K
- Net income from securities lending: $5K (0.019% of average net assets)
C000171207 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $25K | 65.77% |
| RBC Capital Markets, LLC | $2K | 6.37% |
| UBS Securities LLC | $2K | 5.04% |
| Wells Fargo Securities, LLC | $2K | 4.90% |
| Credit Suisse Securities (USA) LLC | $2K | 4.08% |
| Morgan Stanley & Co. LLC | $1K | 3.89% |
| BofA Securities, Inc. | $1K | 3.27% |
| Citigroup Global Markets Inc. | $969 | 2.52% |
| Barclays Capital Inc. | $805 | 2.09% |
| Jefferies LLC | $791 | 2.06% |
C000171207 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $3.9M | 43.63% |
| Morgan Stanley & Co. LLC | $1.4M | 15.78% |
| TD Securities (USA) LLC | $1.4M | 15.28% |
| SMBC Nikko Securities America, Inc. | $1.0M | 11.31% |
| BofA Securities, Inc. | $978K | 10.83% |
| Nomura Securities International, Inc. | $286K | 3.16% |
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.