JPHY Fees and Costs — JPMorgan Active High Yield ETF
Data updated: 2026-07-28
The net expense ratio is 0.45%. There are no sales loads or redemption fees. Portfolio turnover was 19%.
JPHY Fees and Expenses
Annual operating expenses and sales charges of JPHY. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
JPHY Costs Over Time
On $10,000 invested in JPHY, assuming 5% a year before costs, total costs come to $285 over 5 years, cutting the return by 0.47% 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 0.45%) | $47 | $148 | $259 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $285 |
| Value after costs | $10,453 | $11,421 | $12,478 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
JPHY 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): $2.6B
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $44K (0.002% of average net assets)
JPHY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2.0B | 81.90% |
| Citigroup Global Markets Inc. | $89.8M | 3.67% |
| BofA Securities, Inc. | $65.1M | 2.66% |
| Morgan Stanley & Co. LLC | $57.3M | 2.34% |
| Wells Fargo Securities, LLC | $53.5M | 2.19% |
| Barclays Capital, Inc. | $51.8M | 2.12% |
| Jefferies LLC | $51.3M | 2.10% |
| SMBC Nikko Securities America, Inc. | $26.3M | 1.07% |
| UBS Securities LLC | $25.8M | 1.05% |
| Deutsche Bank Securities Inc. | $21.9M | 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.