JHMU Fees and Costs — John Hancock Dynamic Municipal Bond ETF
Data updated: 2026-08-27
The net expense ratio is 0.39%: a 0.32% management fee plus 0.45% other expenses, less a 0.38% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 38%.
JHMU Fees and Expenses
Annual operating expenses and sales charges of JHMU. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | — |
| Other expenses | 0.45% |
| Gross expense ratio | 0.77% |
| Fee waiver | −0.38% |
| Net expense ratio | 0.39% |
| 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 |
JHMU Costs Over Time
On $10,000 invested in JHMU, assuming 5% a year before costs, total costs come to $247 over 5 years, cutting the return by 0.41% 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 0.39%) | $41 | $129 | $224 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $41 | $135 | $247 |
| Value after costs | $10,459 | $11,441 | $12,516 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
JHMU 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $87.8M
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
JHMU Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets, LLC | $47.4M | 60.22% |
| J.P. Morgan Securities LLC | $7.2M | 9.08% |
| Royal Bank of Canada | $5.2M | 6.59% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $4.2M | 5.35% |
| Morgan Stanley & Co. LLC | $4.1M | 5.16% |
| Goldman Sachs & Co. LLC | $3.5M | 4.43% |
| Pershing LLC | $2.1M | 2.67% |
| Wells Fargo Securities, LLC | $1.8M | 2.30% |
| Piper Sandler & Co. | $1.8M | 2.28% |
| Jefferies LLC | $1.5M | 1.93% |
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.