JQUA Fees and Costs — JPMorgan U.S. Quality Factor ETF
Data updated: 2026-09-28
The net expense ratio is 0.12%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $133K in broker commissions, 0.0022% of average net assets, and portfolio turnover was 19%.
JQUA Fees and Expenses
Annual operating expenses and sales charges of JQUA. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.12% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.12% |
| Fee waiver | — |
| Net expense ratio | 0.12% |
| 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 |
JQUA Costs Over Time
On $10,000 invested in JQUA, assuming 5% a year before costs, total costs come to $78 over 5 years, cutting the return by 0.13% 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 0.12%) | $13 | $40 | $69 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $2 | $7 |
| Total costs | $13 | $42 | $78 |
| Value after costs | $10,487 | $11,534 | $12,685 |
| Impact on return, per year | 0.13% | 0.13% | 0.13% |
JQUA 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): 0.0022%
- Total broker commissions: $133K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $4.4M
- Net income from securities lending: $12K (0.000% of average net assets)
JQUA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $51K | 38.25% |
| Goldman Sachs & Co. LLC | $47K | 34.94% |
| RBC Capital Markets, LLC | $32K | 23.82% |
| Virtu Americas LLC | $1K | 0.77% |
| Jefferies LLC | $691 | 0.52% |
| Barclays Capital, Inc. | $653 | 0.49% |
| UBS Securities LLC | $567 | 0.42% |
| BNP Paribas Securities Corp. | $531 | 0.40% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $331 | 0.25% |
| Morgan Stanley & Co. LLC | $177 | 0.13% |
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.