HOLA Fees and Costs — JPMorgan International Hedged Equity Laddered Overlay ETF
Data updated: 2026-09-28
The net expense ratio is 0.50%: a 0.25% management fee plus 0.43% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $412K in broker commissions, 0.1963% of average net assets, and portfolio turnover was 31%.
HOLA Fees and Expenses
Annual operating expenses and sales charges of HOLA. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.43% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.18% |
| 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 |
HOLA Costs Over Time
On $10,000 invested in HOLA, assuming 5% a year before costs, total costs come to $438 over 5 years, cutting the return by 0.73% 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 | $164 | $286 |
| Trading costs (broker commissions) | $21 | $65 | $112 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $240 | $438 |
| Value after costs | $10,427 | $11,336 | $12,325 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
HOLA 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): 0.1963%
- Total broker commissions: $412K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
HOLA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $192K | 49.31% |
| Jane Street Execution Services, LLC | $114K | 29.45% |
| Scotia Capital (USA) Inc. | $52K | 13.28% |
| Morgan Stanley & Co. LLC | $7K | 1.79% |
| Jefferies LLC | $5K | 1.19% |
| Liquidnet, Inc. | $4K | 1.14% |
| Citigroup Global Markets Inc. | $4K | 1.10% |
| Goldman Sachs & Co. LLC | $4K | 1.02% |
| Virtu Americas LLC | $4K | 1.01% |
| UBS Securities LLC | $3K | 0.70% |
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.