C000225367 Fees and Costs — iShares Intermediate Muni Income Active ETF
Data updated: 2026-10-14
The net expense ratio is 0.30% (0.41% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 66%.
C000225367 Fees and Expenses
Annual operating expenses and sales charges of C000225367. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.41% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
C000225367 Costs Over Time
On $10,000 invested in C000225367, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
C000225367 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 66%
C000225367 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds - MuniCash | $647.0M | 57.05% |
| J.P. Morgan Securities LLC | $77.2M | 6.81% |
| Morgan Stanley & Co. LLC | $77.2M | 6.81% |
| Goldman Sachs & Co. LLC | $76.6M | 6.75% |
| BofA Securities, Inc. | $71.4M | 6.30% |
| Wells Fargo Securities, LLC | $59.5M | 5.25% |
| RBC Capital Markets, LLC | $51.2M | 4.51% |
| Siebert Williams Shank & Co., LLC | $28.4M | 2.50% |
| TMC Bonds L.L.C. | $23.0M | 2.03% |
| Raymond James & Associates, Inc. | $22.6M | 1.99% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.