JDVL Fees and Costs — John Hancock Disciplined Value Select ETF
Data updated: 2026-08-27
The net expense ratio is 0.56%: a 0.52% management fee plus 0.16% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $53K in broker commissions, 0.0437% of average net assets, and portfolio turnover was 38%.
JDVL Fees and Expenses
Annual operating expenses and sales charges of JDVL. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | — |
| Other expenses | 0.16% |
| Gross expense ratio | 0.68% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.56% |
| 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 |
JDVL Costs Over Time
On $10,000 invested in JDVL, assuming 5% a year before costs, total costs come to $381 over 5 years, cutting the return by 0.63% 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 0.56%) | $59 | $184 | $321 |
| Trading costs (broker commissions) | $5 | $14 | $25 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $208 | $381 |
| Value after costs | $10,437 | $11,368 | $12,382 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
JDVL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0437%
- Total broker commissions: $53K
- Bought from dealers (principal trades, not a cost): $537.1M
- Portfolio turnover (prospectus): 38%
- Securities on loan, average value: $9K
- Net income from securities lending: $2 (0.000% of average net assets)
JDVL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $30K | 56.31% |
| Citigroup Global Markets Holdings Inc. | $10K | 18.05% |
| UBS AG | $5K | 8.56% |
| Royal Bank of Canada | $4K | 7.31% |
| National Financial Services LLC | $3K | 5.30% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $725 | 1.36% |
| Morgan Stanley & Co. LLC | $596 | 1.12% |
| Jefferies LLC | $538 | 1.01% |
| J.P. Morgan Securities LLC | $427 | 0.80% |
| Evercore Group L.L.C. | $98 | 0.18% |
JDVL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $537.1M | 100.00% |
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.