JPEM Fees and Costs — JPMorgan Diversified Return Emerging Markets Equity ETF
Data updated: 2026-09-28
The net expense ratio is 0.44%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $64K in broker commissions, 0.0195% of average net assets, and portfolio turnover was 30%.
JPEM Fees and Expenses
Annual operating expenses and sales charges of JPEM. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.44% |
| Fee waiver | — |
| Net expense ratio | 0.44% |
| 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 |
JPEM Costs Over Time
On $10,000 invested in JPEM, assuming 5% a year before costs, total costs come to $291 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 0.44%) | $46 | $145 | $253 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $7 | $27 |
| Total costs | $48 | $159 | $291 |
| Value after costs | $10,452 | $11,417 | $12,472 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
JPEM 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): 0.0195%
- Total broker commissions: $64K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $149K
- Net income from securities lending: $346 (0.000% of average net assets)
JPEM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $18K | 28.44% |
| Morgan Stanley & Co. LLC | $15K | 23.34% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $13K | 20.84% |
| Instinet, LLC | $5K | 7.33% |
| CLSA Americas, LLC | $4K | 6.04% |
| Goldman Sachs & Co. LLC | $4K | 5.61% |
| Citigroup Global Markets Inc. | $3K | 5.27% |
| Scotia Capital (USA) Inc. | $897 | 1.43% |
| Jefferies LLC | $620 | 0.99% |
| ITAU Unibanco S.A. | $448 | 0.71% |
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.