BGRN Fees and Costs — iShares USD Green Bond ETF
Data updated: 2026-09-25
The net expense ratio is 0.20%. There are no sales loads or redemption fees. Portfolio turnover was 15%.
BGRN Fees and Expenses
Annual operating expenses and sales charges of BGRN. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| 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 |
BGRN Costs Over Time
On $10,000 invested in BGRN, assuming 5% a year before costs, total costs come to $127 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $69 | $127 |
| Value after costs | $10,479 | $11,507 | $12,636 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
BGRN 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $281.7M
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $27.1M
- Net income from securities lending: $112K (0.028% of average net assets)
BGRN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $137.2M | 54.36% |
| Jane Street Capital, LLC | $42.0M | 16.66% |
| J.P. Morgan Securities LLC | $17.9M | 7.11% |
| Morgan Stanley & Co. LLC | $15.0M | 5.93% |
| Goldman Sachs & Co. LLC | $13.0M | 5.17% |
| Standard Chartered Securities (North America) LLC | $6.6M | 2.61% |
| HSBC Securities (USA) Inc. | $5.9M | 2.33% |
| BofA Securities, Inc. | $5.8M | 2.32% |
| BNP Paribas Securities Corp. | $4.5M | 1.78% |
| Barclays Capital Inc. | $4.4M | 1.74% |
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.