BTOT Fees and Costs — iShares Total USD Fixed Income Market ETF
Data updated: 2026-07-24
The net expense ratio is 0.09% (0.10% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 17%.
BTOT Fees and Expenses
Annual operating expenses and sales charges of BTOT. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.09% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.10% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.09% |
| 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 |
BTOT Costs Over Time
On $10,000 invested in BTOT, assuming 5% a year before costs, total costs come to $57 over 5 years, cutting the return by 0.09% 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 0.09%) | $9 | $30 | $52 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $9 | $31 | $57 |
| Value after costs | $10,491 | $11,545 | $12,705 |
| Impact on return, per year | 0.09% | 0.09% | 0.09% |
BTOT 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): $34.5M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
BTOT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $5.7M | 19.74% |
| Morgan Stanley & Co. LLC | $4.9M | 16.95% |
| Jane Street Capital, LLC | $3.9M | 13.60% |
| J.P. Morgan Securities LLC | $3.4M | 11.75% |
| BlackRock Funds III - BlackRock Cash Funds: Institutional | $3.2M | 10.94% |
| Citigroup Global Markets Inc. | $2.6M | 9.14% |
| Goldman Sachs & Co. LLC | $1.7M | 5.77% |
| Barclays Capital Inc. | $1.6M | 5.42% |
| BMO Capital Markets Corp. | $1.2M | 4.15% |
| Stonex Financial Inc. | $737K | 2.55% |
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.