JPME Fees and Costs — JPMorgan Diversified Return U.S. Mid Cap Equity ETF
Data updated: 2026-09-28
The net expense ratio is 0.24%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $14K in broker commissions, 0.0035% of average net assets, and portfolio turnover was 25%.
JPME Fees and Expenses
Annual operating expenses and sales charges of JPME. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.24% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.24% |
| Fee waiver | — |
| 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 |
JPME Costs Over Time
On $10,000 invested in JPME, assuming 5% a year before costs, total costs come to $155 over 5 years, cutting the return by 0.26% 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 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $84 | $155 |
| Value after costs | $10,474 | $11,492 | $12,608 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
JPME 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): 0.0035%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $46.9M
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $2K (0.001% of average net assets)
JPME Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $5K | 36.99% |
| Citigroup Global Markets Inc. | $4K | 31.31% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $1K | 9.57% |
| Morgan Stanley & Co. LLC | $622 | 4.77% |
| BNP Paribas Securities Corp. | $579 | 4.44% |
| UBS Securities LLC | $500 | 3.83% |
| BMO Capital Markets Corp. | $324 | 2.49% |
| Jefferies LLC | $312 | 2.39% |
| Virtu Americas LLC | $299 | 2.30% |
| Piper Sandler & Co. | $249 | 1.91% |
JPME Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $44.4M | 94.69% |
| UBS Securities LLC | $1.5M | 3.21% |
| BNP Paribas Securities Corp. | $984K | 2.10% |
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.