C000193826 Fees and Costs — JPMorgan Long/Short ETF
Data updated: 2020-06-29
The net expense ratio is 0.69%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $58K in broker commissions, 0.2355% of average net assets, and portfolio turnover was 114%.
C000193826 Fees and Expenses
Annual operating expenses and sales charges of C000193826. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| 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 |
C000193826 Costs Over Time
On $10,000 invested in C000193826, assuming 5% a year before costs, total costs come to $580 over 5 years, cutting the return by 0.97% 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 0.69%) | $72 | $226 | $393 |
| Trading costs (broker commissions) | $25 | $77 | $134 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $97 | $318 | $580 |
| Value after costs | $10,403 | $11,258 | $12,183 |
| Impact on return, per year | 0.97% | 0.97% | 0.97% |
C000193826 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): 0.2355%
- Total broker commissions: $58K
- Bought from dealers (principal trades, not a cost): $2.2M
- Portfolio turnover (prospectus): 114%
- Securities on loan, average value: $63K
- Net income from securities lending: $1K (0.005% of average net assets)
C000193826 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $49K | 85.32% |
| Goldman Sachs & Co. LLC | $4K | 6.44% |
| Citigroup Global Markets Inc. | $1K | 2.52% |
| RBC Capital Markets, LLC | $1K | 2.21% |
| Robert W. Baird & Co. Inc. | $562 | 0.98% |
| Industrial and Commercial Bank of China Financial Services LLC | $513 | 0.89% |
| Credit Suisse Securities (USA) LLC | $400 | 0.69% |
| UBS Securities LLC | $259 | 0.45% |
| Morgan Stanley & Co. LLC | $247 | 0.43% |
| Barclays Capital Inc. | $45 | 0.08% |
C000193826 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2.0M | 89.02% |
| Nomura Securities International, Inc. | $243K | 10.98% |
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.