C000198135 Fees and Costs — iShares Gold Strategy ETF
Data updated: 2024-09-27
The net expense ratio is 0.25% (0.32% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $10K in broker commissions, 0.0236% of average net assets, and portfolio turnover was 101%.
C000198135 Fees and Expenses
Annual operating expenses and sales charges of C000198135. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.32% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.25% |
| 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 |
C000198135 Costs Over Time
On $10,000 invested in C000198135, assuming 5% a year before costs, total costs come to $174 over 5 years, cutting the return by 0.29% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $2 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $4 | $16 |
| Total costs | $29 | $95 | $174 |
| Value after costs | $10,471 | $11,481 | $12,589 |
| Impact on return, per year | 0.29% | 0.29% | 0.29% |
C000198135 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): 0.0236%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $576.9M
- Portfolio turnover (prospectus): 101%
- Securities lending: none during the year
C000198135 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $5K | 50.76% |
| BofA Securities, Inc. | $3K | 28.66% |
| Goldman Sachs & Co. LLC | $595 | 6.05% |
| Morgan Stanley & Co. LLC | $588 | 5.97% |
| UBS Securities LLC | $477 | 4.85% |
| Citigroup Global Markets Inc. | $366 | 3.71% |
C000198135 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $318.9M | 59.57% |
| BofA Securities, Inc. | $34.2M | 6.39% |
| BMO Capital Markets Corp. | $28.5M | 5.32% |
| Barclays Capital Inc. | $27.5M | 5.14% |
| J.P. Morgan Securities LLC | $27.4M | 5.12% |
| Goldman Sachs & Co. LLC | $25.1M | 4.70% |
| RBC Capital Markets, LLC | $24.0M | 4.48% |
| Wells Fargo Securities, LLC | $21.5M | 4.02% |
| Citigroup Global Markets Inc. | $15.1M | 2.82% |
| Nomura Securities International, Inc. | $13.1M | 2.44% |
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.