C000152178 Fees and Costs — iShares iBonds Dec 2023 Term Corporate ETF
Data updated: 2024-01-12
The net expense ratio is 0.10%. There are no sales loads or redemption fees. Portfolio turnover was 14%.
C000152178 Fees and Expenses
Annual operating expenses and sales charges of C000152178. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.10% |
| Fee waiver | — |
| Net expense ratio | 0.10% |
| 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 |
C000152178 Costs Over Time
On $10,000 invested in C000152178, assuming 5% a year before costs, total costs come to $64 over 5 years, cutting the return by 0.10% 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 0.10%) | $10 | $33 | $58 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $10 | $35 | $64 |
| Value after costs | $10,490 | $11,542 | $12,699 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
C000152178 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $5.3B
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $202.1M
- Net income from securities lending: $926K (0.044% of average net assets)
C000152178 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $3.1B | 61.18% |
| National Securities Clearing Corporation | $754.2M | 14.69% |
| J.P. Morgan Securities LLC | $245.2M | 4.78% |
| Goldman Sachs & Co. LLC | $229.6M | 4.47% |
| Barclays Capital Inc. | $216.2M | 4.21% |
| BNY Mellon Capital Markets, LLC | $207.2M | 4.04% |
| BofA Securities, Inc. | $183.7M | 3.58% |
| Wells Fargo Securities, LLC | $75.6M | 1.47% |
| Morgan Stanley & Co. LLC | $49.8M | 0.97% |
| MUFG Securities Americas Inc. | $31.5M | 0.61% |
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.