AGZ Fees and Costs — iShares Agency Bond ETF
Data updated: 2026-07-31
The net expense ratio is 0.15%. There are no sales loads or redemption fees. Portfolio turnover was 45%.
AGZ Fees and Expenses
Annual operating expenses and sales charges of AGZ. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| Net expense ratio | 0.15% |
| 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 |
AGZ Costs Over Time
On $10,000 invested in AGZ, assuming 5% a year before costs, total costs come to $95 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $16 | $52 | $95 |
| Value after costs | $10,484 | $11,524 | $12,667 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
AGZ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 45%
- Securities on loan, average value: $4.5M
- Net income from securities lending: $9K (0.002% of average net assets)
AGZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $295.0M | 24.99% |
| J.P. Morgan Securities LLC | $183.7M | 15.57% |
| Natwest Markets Securities Inc. | $159.8M | 13.54% |
| Citadel Securities LLC | $99.7M | 8.45% |
| Wells Fargo Securities, LLC | $98.2M | 8.32% |
| Goldman Sachs & Co. LLC | $90.6M | 7.67% |
| Nomura Securities International, Inc. | $81.6M | 6.91% |
| Citigroup Global Markets Inc. | $58.9M | 4.99% |
| PNC Capital Markets LLC | $57.4M | 4.86% |
| MUFG Securities Americas Inc. | $55.5M | 4.70% |
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.