C000138049 Fees and Costs — iShares iBonds Sep 2020 Term Muni Bond ETF
Data updated: 2020-09-08
The net expense ratio is 0.18%. There are no sales loads or redemption fees. Portfolio turnover was 4%.
C000138049 Fees and Expenses
Annual operating expenses and sales charges of C000138049. Prospectus, as of August 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.18% |
| Fee waiver | — |
| Net expense ratio | 0.18% |
| 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 |
C000138049 Costs Over Time
On $10,000 invested in C000138049, assuming 5% a year before costs, total costs come to $114 over 5 years, cutting the return by 0.19% 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 0.18%) | $19 | $59 | $104 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $19 | $62 | $114 |
| Value after costs | $10,481 | $11,514 | $12,648 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
C000138049 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $112.0M
- Portfolio turnover (prospectus): 4%
- Securities lending: none during the year
C000138049 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds - MuniCash | $41.4M | 37.09% |
| J.P. Morgan Securities LLC | $22.6M | 20.29% |
| Jane Street Capital, LLC | $17.2M | 15.41% |
| Bofa Securities, Inc. | $13.6M | 12.21% |
| Pershing LLC | $4.5M | 4.04% |
| Morgan Stanley & Co. LLC | $4.0M | 3.55% |
| Citigroup Global Markets Inc. | $2.8M | 2.54% |
| Wells Fargo Securities, LLC | $2.3M | 2.07% |
| Goldman Sachs & Co. LLC | $2.1M | 1.87% |
| Barclays Capital Inc. | $1.0M | 0.93% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.