JAVA Fees and Costs — JPMorgan Active Value ETF
Data updated: 2026-09-11
The net expense ratio is 0.44%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2.1M in broker commissions, 0.0400% of average net assets, and portfolio turnover was 111%.
JAVA Fees and Expenses
Annual operating expenses and sales charges of JAVA. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.44% |
| Fee waiver | — |
| Net expense ratio | 0.44% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
JAVA Costs Over Time
On $10,000 invested in JAVA, assuming 5% a year before costs, total costs come to $303 over 5 years, cutting the return by 0.50% 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 0.44%) | $46 | $145 | $253 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $50 | $166 | $303 |
| Value after costs | $10,450 | $11,410 | $12,459 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
JAVA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0400%
- Total broker commissions: $2.1M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 111%
- Securities on loan, average value: $12.9M
- Net income from securities lending: $64K (0.001% of average net assets)
JAVA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $869K | 44.50% |
| RBC Capital Markets, LLC | $299K | 15.30% |
| Goldman Sachs & Co. LLC | $279K | 14.28% |
| Morgan Stanley & Co. LLC | $234K | 12.00% |
| Citigroup Global Markets Inc. | $90K | 4.62% |
| Jefferies LLC | $68K | 3.48% |
| BMO Capital Markets Corp. | $33K | 1.69% |
| UBS Securities LLC | $30K | 1.52% |
| Barclays Capital, Inc. | $26K | 1.33% |
| ROBERT W. BAIRD & CO. INCORPORATED | $25K | 1.29% |
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.