JFLX Fees and Costs — JPMorgan Flexible Debt ETF
Data updated: 2026-07-28
The net expense ratio is 0.45%: a 0.45% management fee plus 0.18% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $81K in broker commissions, 0.0068% of average net assets, and portfolio turnover was 144%.
JFLX Fees and Expenses
Annual operating expenses and sales charges of JFLX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 0.18% |
| Gross expense ratio | 0.64% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.45% |
| 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 |
JFLX Costs Over Time
On $10,000 invested in JFLX, assuming 5% a year before costs, total costs come to $289 over 5 years, cutting the return by 0.48% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $158 | $289 |
| Value after costs | $10,452 | $11,418 | $12,474 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
JFLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0068%
- Total broker commissions: $81K
- Bought from dealers (principal trades, not a cost): $3.6B
- Portfolio turnover (prospectus): 144%
- Securities lending: none during the year
JFLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Marex Capital Markets, Inc. | $18K | 21.57% |
| Morgan Stanley & Co. LLC | $11K | 13.61% |
| Citigroup Global Markets Inc. | $10K | 12.38% |
| BNP Paribas Securities Corp. | $9K | 11.50% |
| Barclays Capital, Inc. | $8K | 9.85% |
| UBS Securities LLC | $8K | 9.38% |
| Goldman Sachs & Co. LLC | $5K | 5.98% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $5K | 5.93% |
| RBC Capital Markets, LLC | $5K | 5.65% |
| BofA Securities, Inc. | $3K | 4.13% |
JFLX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $990.3M | 29.26% |
| Wells Fargo Securities, LLC | $980.1M | 28.96% |
| Citigroup Global Markets Inc. | $661.2M | 19.54% |
| BofA Securities, Inc. | $258.8M | 7.65% |
| Goldman Sachs & Co. LLC | $180.0M | 5.32% |
| Morgan Stanley & Co. LLC | $150.6M | 4.45% |
| BMO Nesbitt Burns Securities Ltd. | $57.1M | 1.69% |
| SANTANDER INVESTMENT S.A. | $36.4M | 1.07% |
| Jane Street Execution Services, LLC | $35.4M | 1.05% |
| Deutsche Bank Securities Inc. | $34.1M | 1.01% |
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.