JMTG Fees and Costs — JPMorgan Mortgage-Backed Securities ETF
Data updated: 2026-07-28
The net expense ratio is 0.24%: a 0.25% management fee plus 0.11% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $25K in broker commissions, 0.0004% of average net assets, and portfolio turnover was 46%.
JMTG Fees and Expenses
Annual operating expenses and sales charges of JMTG. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.11% |
| Gross expense ratio | 0.37% |
| Fee waiver | −0.13% |
| 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 |
JMTG Costs Over Time
On $10,000 invested in JMTG, assuming 5% a year before costs, total costs come to $153 over 5 years, cutting the return by 0.25% 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 | $139 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $25 | $83 | $153 |
| Value after costs | $10,475 | $11,493 | $12,610 |
| Impact on return, per year | 0.25% | 0.25% | 0.25% |
JMTG 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): 0.0004%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): $5.4B
- Portfolio turnover (prospectus): 46%
- Securities lending: none during the year
JMTG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $14K | 57.49% |
| Morgan Stanley & Co. LLC | $6K | 24.23% |
| Goldman Sachs & Co. LLC | $4K | 16.31% |
| BofA Securities, Inc. | $492 | 1.98% |
JMTG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2.0B | 40.59% |
| Morgan Stanley & Co. LLC | $924.0M | 18.70% |
| Wells Fargo Securities, LLC | $839.9M | 17.00% |
| BofA Securities, Inc. | $418.6M | 8.47% |
| StoneX Financial, Inc | $326.9M | 6.62% |
| BMO Capital Markets Corp. | $134.4M | 2.72% |
| Citigroup Global Markets Inc. | $82.1M | 1.66% |
| Barclays Capital, Inc. | $70.9M | 1.43% |
| Performance Trust Capital Partners, LLC | $69.6M | 1.41% |
| Nomura Securities International, Inc. | $68.5M | 1.39% |
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.