C000194670 Fees and Costs — JPMorgan U.S. Dividend ETF
Data updated: 2022-09-29
The net expense ratio is 0.12%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $2K in broker commissions, 0.0067% of average net assets, and portfolio turnover was 32%.
C000194670 Fees and Expenses
Annual operating expenses and sales charges of C000194670. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.12% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.12% |
| Fee waiver | — |
| Net expense ratio | 0.12% |
| 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 |
C000194670 Costs Over Time
On $10,000 invested in C000194670, assuming 5% a year before costs, total costs come to $81 over 5 years, cutting the return by 0.13% 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 0.12%) | $13 | $40 | $69 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $2 | $7 |
| Total costs | $13 | $44 | $81 |
| Value after costs | $10,487 | $11,532 | $12,682 |
| Impact on return, per year | 0.13% | 0.13% | 0.13% |
C000194670 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0067%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $65.9M
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $278K
- Net income from securities lending: $4K (0.014% of average net assets)
C000194670 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $967 | 47.43% |
| BTIG, LLC | $450 | 22.07% |
| Jane Street Capital, LLC | $264 | 12.97% |
| RBC Capital Markets, LLC | $69 | 3.40% |
| Citigroup Global Markets Inc. | $66 | 3.26% |
| Virtu Americas LLC | $65 | 3.21% |
| Deutsche Bank Securities Inc. | $62 | 3.02% |
| Morgan Stanley & Co. LLC | $52 | 2.54% |
| BofA Securities, Inc. | $22 | 1.07% |
| UBS Securities LLC | $21 | 1.03% |
C000194670 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $24.5M | 37.11% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $19.4M | 29.48% |
| Goldman Sachs & Co. LLC | $11.0M | 16.66% |
| Citadel Securities LLC | $6.5M | 9.79% |
| Morgan Stanley & Co. LLC | $4.6M | 6.95% |
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.