JMMF Fees and Costs — JPMorgan 100% U.S. Treasury Securities Money Market ETF
Data updated: 2026-06-23
The net expense ratio is 0.16%. There are no sales loads or redemption fees.
JMMF Fees and Expenses
Annual operating expenses and sales charges of JMMF. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.16% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.16% |
| Fee waiver | — |
| Net expense ratio | 0.16% |
| 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 |
JMMF Costs Over Time
On $10,000 invested in JMMF, assuming 5% a year before costs, total costs come to $102 over 5 years, cutting the return by 0.17% 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 0.16%) | $17 | $53 | $93 |
| Lost growth on money paid in costs | $0 | $3 | $9 |
| Total costs | $17 | $55 | $102 |
| Value after costs | $10,483 | $11,521 | $12,661 |
| Impact on return, per year | 0.17% | 0.17% | 0.17% |
JMMF 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.37T
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
JMMF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Securities Inc. | $325.7B | 24.59% |
| Goldman Sachs & Co. LLC | $219.3B | 16.56% |
| Wells Fargo Securities, LLC | $214.0B | 16.16% |
| Nomura Securities International, Inc. | $177.0B | 13.36% |
| Citigroup Global Markets Inc. | $144.6B | 10.92% |
| BofA Securities, Inc. | $128.2B | 9.68% |
| TD SECURITIES (USA) LLC | $74.7B | 5.64% |
| BMO Nesbitt Burns Securities Ltd. | $15.4B | 1.17% |
| Daiwa Capital Markets America Inc. | $13.6B | 1.03% |
| Morgan Stanley & Co. LLC | $11.7B | 0.89% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.