JPSV Fees and Costs — JPMorgan Active Small Cap Value ETF
Data updated: 2026-09-11
The net expense ratio is 0.74%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $18K in broker commissions, 0.0744% of average net assets, and portfolio turnover was 43%.
JPSV Fees and Expenses
Annual operating expenses and sales charges of JPSV. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.74% |
| Fee waiver | — |
| Net expense ratio | 0.74% |
| 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 |
JPSV Costs Over Time
On $10,000 invested in JPSV, assuming 5% a year before costs, total costs come to $511 over 5 years, cutting the return by 0.86% 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 0.74%) | $78 | $243 | $422 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $281 | $511 |
| Value after costs | $10,414 | $11,296 | $12,252 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
JPSV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0744%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $36K
- Portfolio turnover (prospectus): 43%
- Securities on loan, average value: $103K
- Net income from securities lending: $470 (0.002% of average net assets)
JPSV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Truist Securities, Inc. | $7K | 45.10% |
| Piper Sandler & Co. | $3K | 19.28% |
| UBS Securities LLC | $1K | 8.07% |
| Virtu Americas LLC | $739 | 4.94% |
| BMO Capital Markets Corp. | $729 | 4.88% |
| Barclays Capital, Inc. | $636 | 4.25% |
| Goldman Sachs & Co. LLC | $611 | 4.08% |
| Jefferies LLC | $564 | 3.77% |
| TD SECURITIES (USA) LLC | $475 | 3.18% |
| BofA Securities, Inc. | $368 | 2.46% |
JPSV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $36K | 100.00% |
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.