JPMB Fees and Costs — JPMorgan USD Emerging Markets Sovereign Bond ETF
Data updated: 2026-07-28
The net expense ratio is 0.39%. There are no sales loads or redemption fees. Portfolio turnover was 48%.
JPMB Fees and Expenses
Annual operating expenses and sales charges of JPMB. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| 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 |
JPMB Costs Over Time
On $10,000 invested in JPMB, assuming 5% a year before costs, total costs come to $247 over 5 years, cutting the return by 0.41% 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 0.39%) | $41 | $129 | $224 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $41 | $135 | $247 |
| Value after costs | $10,459 | $11,441 | $12,516 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
JPMB 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): $67.8M
- Portfolio turnover (prospectus): 48%
- Securities on loan, average value: $256K
- Net income from securities lending: $944 (0.001% of average net assets)
JPMB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $42.4M | 68.17% |
| Jefferies LLC | $3.9M | 6.19% |
| Goldman Sachs & Co. LLC | $3.1M | 4.97% |
| HSBC Securities (USA) Inc. | $3.0M | 4.86% |
| Barclays Capital, Inc. | $2.1M | 3.39% |
| Deutsche Bank Securities Inc. | $1.9M | 2.98% |
| SANTANDER INVESTMENT S.A. | $1.5M | 2.49% |
| Citigroup Global Markets Inc. | $1.5M | 2.38% |
| Nomura Securities International, Inc. | $1.5M | 2.35% |
| Morgan Stanley & Co. LLC | $1.4M | 2.21% |
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.