HEQQ Fees and Costs — JPMorgan Nasdaq Hedged Equity Laddered Overlay ETF
Data updated: 2026-09-28
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $16K in broker commissions, 0.0566% of average net assets, and portfolio turnover was 24%.
HEQQ Fees and Expenses
Annual operating expenses and sales charges of HEQQ. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
HEQQ Costs Over Time
On $10,000 invested in HEQQ, assuming 5% a year before costs, total costs come to $351 over 5 years, cutting the return by 0.58% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $6 | $19 | $32 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $192 | $351 |
| Value after costs | $10,442 | $11,384 | $12,412 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
HEQQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0566%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
HEQQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $13K | 82.17% |
| BNP Paribas Securities Corp. | $2K | 14.62% |
| UBS Securities LLC | $144 | 0.93% |
| RBC Capital Markets, LLC | $112 | 0.72% |
| Barclays Capital, Inc. | $78 | 0.51% |
| Morgan Stanley & Co. LLC | $45 | 0.29% |
| Abel Noser, LLC. | $42 | 0.27% |
| BofA Securities, Inc. | $34 | 0.22% |
| Jefferies LLC | $22 | 0.14% |
| Citigroup Global Markets Inc. | $18 | 0.12% |
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.