JPIB Fees and Costs — JPMorgan International Bond Opportunities ETF
Data updated: 2026-07-28
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $97K in broker commissions, 0.0086% of average net assets, and portfolio turnover was 30%.
JPIB Fees and Expenses
Annual operating expenses and sales charges of JPIB. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
JPIB Costs Over Time
On $10,000 invested in JPIB, assuming 5% a year before costs, total costs come to $321 over 5 years, cutting the return by 0.53% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $176 | $321 |
| Value after costs | $10,447 | $11,401 | $12,442 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
JPIB 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): 0.0086%
- Total broker commissions: $97K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
JPIB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $24K | 25.13% |
| Morgan Stanley & Co. LLC | $20K | 20.75% |
| Marex Capital Markets, Inc. | $15K | 15.47% |
| Goldman Sachs & Co. LLC | $10K | 10.25% |
| Barclays Capital, Inc. | $8K | 8.77% |
| BNP Paribas Securities Corp. | $7K | 7.68% |
| BofA Securities, Inc. | $7K | 6.74% |
| UBS Securities LLC | $4K | 3.85% |
| RBC Capital Markets, LLC | $866 | 0.89% |
| Deutsche Bank Securities Inc. | $441 | 0.46% |
JPIB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| HSBC Securities (USA) Inc. | $165.0M | 14.82% |
| Barclays Capital, Inc. | $141.6M | 12.72% |
| Goldman Sachs & Co. LLC | $140.5M | 12.62% |
| Citigroup Global Markets Inc. | $126.3M | 11.35% |
| Morgan Stanley & Co. LLC | $125.7M | 11.29% |
| Jane Street Execution Services, LLC | $95.3M | 8.56% |
| RBC Capital Markets, LLC | $92.6M | 8.32% |
| Deutsche Bank Securities Inc. | $86.2M | 7.74% |
| BNP Paribas Securities Corp. | $77.8M | 6.99% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $62.3M | 5.59% |
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.