JIRE Fees and Costs — JPMorgan International Research Enhanced Equity ETF
Data updated: 2026-09-28
The net expense ratio is 0.24%: a 0.20% management fee plus 0.09% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.1M in broker commissions, 0.0290% of average net assets, and portfolio turnover was 25%.
JIRE Fees and Expenses
Annual operating expenses and sales charges of JIRE. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| Gross expense ratio | 0.29% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.24% |
| 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 |
JIRE Costs Over Time
On $10,000 invested in JIRE, assuming 5% a year before costs, total costs come to $171 over 5 years, cutting the return by 0.28% 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 0.24%) | $25 | $79 | $138 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $4 | $16 |
| Total costs | $28 | $93 | $171 |
| Value after costs | $10,472 | $11,483 | $12,592 |
| Impact on return, per year | 0.28% | 0.28% | 0.28% |
JIRE 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): 0.0290%
- Total broker commissions: $2.1M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $17.5M
- Net income from securities lending: $317K (0.004% of average net assets)
JIRE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $825K | 49.19% |
| Liquidnet, Inc. | $155K | 9.22% |
| Jefferies LLC | $141K | 8.42% |
| Virtu Americas LLC | $126K | 7.50% |
| Goldman Sachs & Co. LLC | $95K | 5.64% |
| BTIG, LLC | $81K | 4.85% |
| Berenberg Capital Markets LLC | $65K | 3.90% |
| Citigroup Global Markets Inc. | $65K | 3.86% |
| Joh. Berenberg, Gossler & Co. KG | $65K | 3.85% |
| BNP Paribas Securities Corp. | $60K | 3.58% |
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.