JUSA Fees and Costs — JPMorgan U.S. Research Enhanced Large Cap ETF
Data updated: 2026-09-11
The net expense ratio is 0.12% (0.18% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $3K in broker commissions, 0.0037% of average net assets, and portfolio turnover was 6%.
JUSA Fees and Expenses
Annual operating expenses and sales charges of JUSA. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | — |
| Other expenses | — |
| Gross expense ratio | 0.18% |
| Fee waiver | −0.06% |
| 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 |
JUSA Costs Over Time
On $10,000 invested in JUSA, assuming 5% a year before costs, total costs come to $79 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 | $2 |
| Lost growth on money paid in costs | $0 | $2 | $7 |
| Total costs | $13 | $43 | $79 |
| Value after costs | $10,487 | $11,533 | $12,684 |
| Impact on return, per year | 0.13% | 0.13% | 0.13% |
JUSA 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): 0.0037%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 6%
- Securities on loan, average value: $8K
- Net income from securities lending: $8 (0.000% of average net assets)
JUSA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $425 | 17.81% |
| UBS Securities LLC | $320 | 13.44% |
| Barclays Capital, Inc. | $289 | 12.13% |
| Piper Sandler & Co. | $274 | 11.49% |
| BofA Securities, Inc. | $225 | 9.42% |
| Morgan Stanley & Co. LLC | $214 | 8.97% |
| BMO Capital Markets Corp. | $195 | 8.16% |
| BNP Paribas Securities Corp. | $153 | 6.43% |
| Goldman Sachs & Co. LLC | $146 | 6.13% |
| TD SECURITIES (USA) LLC | $144 | 6.03% |
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.