JPXN Fees and Costs — iShares JPX-Nikkei 400 ETF
Data updated: 2026-08-24
The net expense ratio is 0.48%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $8K in broker commissions, 0.0070% of average net assets, and portfolio turnover was 18%.
JPXN Fees and Expenses
Annual operating expenses and sales charges of JPXN. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.48% |
| Fee waiver | — |
| Net expense ratio | 0.48% |
| 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 |
JPXN Costs Over Time
On $10,000 invested in JPXN, assuming 5% a year before costs, total costs come to $308 over 5 years, cutting the return by 0.51% 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 0.48%) | $50 | $158 | $276 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $168 | $308 |
| Value after costs | $10,449 | $11,408 | $12,455 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
JPXN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0070%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $287.9M
- Portfolio turnover (prospectus): 18%
- Securities on loan, average value: $1.2M
- Net income from securities lending: $2K (0.002% of average net assets)
JPXN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC Securities (USA) Inc. | $1K | 20.47% |
| J.P. Morgan Securities LLC | $1K | 16.89% |
| UBS Securities LLC | $771 | 10.82% |
| BNP Paribas Securities Corp. | $728 | 10.21% |
| Nomura Securities International, Inc. | $615 | 8.64% |
| CLSA Americas, LLC | $578 | 8.11% |
| BofA Securities, Inc. | $527 | 7.39% |
| Jefferies LLC | $455 | 6.39% |
| Barclays Capital Inc. | $452 | 6.34% |
| Morgan Stanley & Co. LLC | $338 | 4.74% |
JPXN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $151.6M | 52.64% |
| J.P. Morgan Securities LLC | $56.2M | 19.51% |
| BofA Securities, Inc. | $29.0M | 10.07% |
| Macquarie Capital (USA) Inc. | $27.0M | 9.37% |
| Daiwa Capital Markets America Inc. | $13.5M | 4.70% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $10.7M | 3.71% |
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.