C000242862 Fees and Costs — iShares Short-Term California Muni Active ETF
Data updated: 2026-10-14
The net expense ratio is 0.20% (0.25% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 113%.
C000242862 Fees and Expenses
Annual operating expenses and sales charges of C000242862. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.20% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
C000242862 Costs Over Time
On $10,000 invested in C000242862, assuming 5% a year before costs, total costs come to $127 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $69 | $127 |
| Value after costs | $10,479 | $11,507 | $12,636 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
C000242862 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): $1.2B
- Portfolio turnover (prospectus): 113%
C000242862 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $211.7M | 19.71% |
| BofA Securities, Inc. | $166.4M | 15.49% |
| Wells Fargo Securities, LLC | $149.9M | 13.96% |
| Barclays Capital Inc. | $127.6M | 11.88% |
| BlackRock Liquidity Funds - MuniCash | $126.0M | 11.73% |
| Goldman Sachs & Co. LLC | $87.9M | 8.18% |
| Morgan Stanley & Co. LLC | $76.7M | 7.14% |
| TD Financial Products LLC | $67.1M | 6.24% |
| RBC Capital Markets, LLC | $42.2M | 3.92% |
| Stifel, Nicolaus & Company, Incorporated | $18.8M | 1.75% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.