JEMA Fees and Costs — JPMorgan ActiveBuilders Emerging Markets Equity ETF
Data updated: 2026-09-28
The net expense ratio is 0.33%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $428K in broker commissions, 0.0378% of average net assets, and portfolio turnover was 42%.
JEMA Fees and Expenses
Annual operating expenses and sales charges of JEMA. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.33% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.33% |
| Fee waiver | — |
| Net expense ratio | 0.33% |
| 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 |
JEMA Costs Over Time
On $10,000 invested in JEMA, assuming 5% a year before costs, total costs come to $233 over 5 years, cutting the return by 0.39% 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 0.33%) | $35 | $109 | $190 |
| Trading costs (broker commissions) | $4 | $12 | $22 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $127 | $233 |
| Value after costs | $10,461 | $11,449 | $12,530 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
JEMA 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): 0.0378%
- Total broker commissions: $428K
- Bought from dealers (principal trades, not a cost): $8
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $24K (0.002% of average net assets)
JEMA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $91K | 25.14% |
| UBS Securities LLC | $73K | 20.11% |
| Morgan Stanley & Co. LLC | $47K | 13.01% |
| Macquarie Capital (USA) Inc. | $27K | 7.43% |
| CLSA Americas, LLC | $23K | 6.49% |
| Goldman Sachs & Co. LLC | $23K | 6.37% |
| Credit Agricole Securities (USA) Inc. | $22K | 6.06% |
| BNP Paribas Securities Corp. | $20K | 5.41% |
| Citigroup Global Markets Inc. | $18K | 5.06% |
| Jefferies LLC | $18K | 4.93% |
JEMA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $8 | 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.