JEPQ Fees and Costs — JPMorgan Nasdaq Equity Premium Income ETF
Data updated: 2026-09-11
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $502K in broker commissions, 0.0015% of average net assets, and portfolio turnover was 168%.
JEPQ Fees and Expenses
Annual operating expenses and sales charges of JEPQ. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| 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 |
JEPQ Costs Over Time
On $10,000 invested in JEPQ, assuming 5% a year before costs, total costs come to $223 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $122 | $223 |
| Value after costs | $10,463 | $11,455 | $12,540 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
JEPQ 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): 0.0015%
- Total broker commissions: $502K
- Bought from dealers (principal trades, not a cost): $58.3B
- Portfolio turnover (prospectus): 168%
- Securities on loan, average value: $30.5M
- Net income from securities lending: $41K (0.000% of average net assets)
JEPQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $160K | 35.48% |
| Susquehanna Financial Group, LLLP | $88K | 19.57% |
| Jefferies LLC | $45K | 9.91% |
| UBS Securities LLC | $37K | 8.17% |
| Morgan Stanley & Co. LLC | $33K | 7.39% |
| J.P. Morgan Securities LLC | $23K | 5.12% |
| Goldman Sachs & Co. LLC | $19K | 4.19% |
| TD SECURITIES (USA) LLC | $18K | 4.03% |
| Barclays Capital, Inc. | $14K | 3.17% |
| ROBERT W. BAIRD & CO. INCORPORATED | $13K | 2.97% |
JEPQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $13.9B | 23.79% |
| RBC Capital Markets, LLC | $11.9B | 20.40% |
| Citigroup Global Markets Inc. | $10.9B | 18.73% |
| Morgan Stanley & Co. LLC | $5.1B | 8.70% |
| Goldman Sachs & Co. LLC | $4.8B | 8.21% |
| Barclays Capital, Inc. | $4.3B | 7.33% |
| Societe Generale | $3.2B | 5.44% |
| TD SECURITIES (USA) LLC | $3.1B | 5.41% |
| BofA Securities, Inc. | $1.0B | 1.73% |
| UBS Securities LLC | $150.2M | 0.26% |
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.