MUFG Japan Small Cap Active ETF Adopts Expense Cap

The MUFG Japan Small Cap Active ETF (MJSC) has updated its fee structure following a new expense limitation agreement between The RBB Fund Trust and adviser Clearbrook Investment Consulting. While the fund’s gross annual operating expenses are estimated at 1.68%, including a 0.75% management fee, the adviser will cap net operating expenses at 1.00% (excluding certain costs) through December 31, 2027. After fee waivers and reimbursements, investors are expected to pay total annual expenses of 1.01%, reducing the fund’s cost burden while maintaining its active Japanese small-cap equity strategy.