JPRE Fees and Costs — JPMorgan Realty Income ETF
Data updated: 2026-07-28
The net expense ratio is 0.50%: a 0.60% management fee plus 0.11% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $342K in broker commissions, 0.0758% of average net assets, and portfolio turnover was 113%.
JPRE Fees and Expenses
Annual operating expenses and sales charges of JPRE. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 0.11% |
| Gross expense ratio | 0.71% |
| Fee waiver | −0.21% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
JPRE Costs Over Time
On $10,000 invested in JPRE, assuming 5% a year before costs, total costs come to $363 over 5 years, cutting the return by 0.60% 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) | $8 | $25 | $43 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $199 | $363 |
| Value after costs | $10,440 | $11,377 | $12,400 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
JPRE 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): 0.0758%
- Total broker commissions: $342K
- Bought from dealers (principal trades, not a cost): $9.7M
- Portfolio turnover (prospectus): 113%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $2K (0.001% of average net assets)
JPRE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $41K | 16.93% |
| Jefferies LLC | $31K | 12.81% |
| BofA Securities, Inc. | $30K | 12.17% |
| TD SECURITIES (USA) LLC | $23K | 9.63% |
| BMO Capital Markets Corp. | $22K | 8.86% |
| Goldman Sachs & Co. LLC | $20K | 8.13% |
| UBS Securities LLC | $20K | 8.07% |
| RBC Capital Markets, LLC | $19K | 7.87% |
| Instinet, LLC | $19K | 7.78% |
| Morgan Stanley & Co. LLC | $19K | 7.76% |
JPRE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $8.5M | 87.65% |
| Wells Fargo Securities, LLC | $1.2M | 12.35% |
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.