C000193827 Fees and Costs — JPMorgan Managed Futures Strategy ETF
Data updated: 2020-06-29
The net expense ratio is 0.59%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $25K in broker commissions, 0.0485% of average net assets, and portfolio turnover was 0%.
C000193827 Fees and Expenses
Annual operating expenses and sales charges of C000193827. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| 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 |
C000193827 Costs Over Time
On $10,000 invested in C000193827, assuming 5% a year before costs, total costs come to $402 over 5 years, cutting the return by 0.67% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $220 | $402 |
| Value after costs | $10,433 | $11,356 | $12,361 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
C000193827 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): 0.0485%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000193827 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $12K | 48.41% |
| Goldman Sachs & Co. LLC | $9K | 37.33% |
| HSBC Securities (USA) Inc. | $2K | 6.19% |
| BofA Securities, Inc. | $830 | 3.37% |
| Morgan Stanley & Co. LLC | $379 | 1.54% |
| Barclays Capital Inc. | $323 | 1.31% |
| BNP Paribas Securities Corp. | $276 | 1.12% |
| UBS Securities LLC | $178 | 0.72% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.