BYLD Fees and Costs — iShares Yield Optimized Bond ETF
Data updated: 2026-09-25
The net expense ratio is 0.13% (0.41% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $72K in broker commissions, 0.0289% of average net assets, and portfolio turnover was 96%.
BYLD Fees and Expenses
Annual operating expenses and sales charges of BYLD. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.41% |
| Fee waiver | −0.28% |
| Net expense ratio | 0.13% |
| 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 |
BYLD Costs Over Time
On $10,000 invested in BYLD, assuming 5% a year before costs, total costs come to $101 over 5 years, cutting the return by 0.17% 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 0.13%) | $14 | $43 | $75 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $3 | $9 |
| Total costs | $17 | $55 | $101 |
| Value after costs | $10,483 | $11,521 | $12,662 |
| Impact on return, per year | 0.17% | 0.17% | 0.17% |
BYLD 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): 0.0289%
- Total broker commissions: $72K
- Bought from dealers (principal trades, not a cost): $146.9M
- Portfolio turnover (prospectus): 96%
- Securities on loan, average value: $53.1M
- Net income from securities lending: $146K (0.059% of average net assets)
BYLD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $27K | 37.10% |
| BofA Securities, Inc. | $25K | 34.36% |
| J.P. Morgan Securities LLC | $13K | 17.84% |
| Jane Street Execution Services, LLC | $4K | 6.19% |
| Citigroup Global Markets Inc. | $3K | 4.51% |
BYLD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corp. | $119.4M | 81.26% |
| BlackRock Liquidity Funds T-Fund | $27.5M | 18.74% |
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.