C000227962 Fees and Costs — JPMorgan ActiveBuilders U.S. Large Cap Equity ETF
Data updated: 2023-09-13
The net expense ratio is 0.17%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $3K in broker commissions, 0.0137% of average net assets, and portfolio turnover was 40%.
C000227962 Fees and Expenses
Annual operating expenses and sales charges of C000227962. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.17% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.17% |
| Fee waiver | — |
| Net expense ratio | 0.17% |
| 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 |
C000227962 Costs Over Time
On $10,000 invested in C000227962, assuming 5% a year before costs, total costs come to $117 over 5 years, cutting the return by 0.19% 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 0.17%) | $18 | $56 | $98 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $3 | $11 |
| Total costs | $19 | $64 | $117 |
| Value after costs | $10,481 | $11,513 | $12,646 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
C000227962 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0137%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $47
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
C000227962 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company | $1K | 40.51% |
| RBC Capital Markets, LLC | $845 | 25.48% |
| Jefferies LLC | $291 | 8.79% |
| Goldman Sachs & Co. LLC | $233 | 7.04% |
| Citigroup Global Markets Inc. | $196 | 5.90% |
| UBS Securities LLC | $147 | 4.44% |
| BofA Securities, Inc. | $102 | 3.09% |
| Morgan Stanley & Co. LLC | $74 | 2.22% |
| Virtu Americas LLC | $54 | 1.63% |
| Loop Capital Markets LLC | $30 | 0.91% |
C000227962 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $43 | 91.46% |
| RBC Capital Markets, LLC | $4 | 8.54% |
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.