C000257655 Fees and Costs — iShares Managed Futures Active ETF
Data updated: 2026-09-25
The net expense ratio is 0.80% (0.82% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $9K in broker commissions, 0.0471% of average net assets, and portfolio turnover was 0%.
C000257655 Fees and Expenses
Annual operating expenses and sales charges of C000257655. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.82% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.80% |
| 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 |
C000257655 Costs Over Time
On $10,000 invested in C000257655, assuming 5% a year before costs, total costs come to $531 over 5 years, cutting the return by 0.89% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $5 | $15 | $27 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $292 | $531 |
| Value after costs | $10,411 | $11,285 | $12,231 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
C000257655 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0471%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $126.1M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000257655 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $9K | 100.00% |
C000257655 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $70.7M | 56.04% |
| Citigroup Global Markets Inc. | $22.0M | 17.49% |
| Nomura Securities International, Inc. | $11.4M | 9.03% |
| J.P. Morgan Securities LLC | $10.5M | 8.32% |
| BMO Capital Markets Corp. | $5.4M | 4.29% |
| Deutsche Bank Securities Inc. | $3.0M | 2.37% |
| Barclays Capital Inc. | $3.0M | 2.37% |
| RBC Capital Markets, LLC | $114K | 0.09% |
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.