C000257713 Fees and Costs — iShares Dynamic Equity Active ETF
Data updated: 2026-09-25
The net expense ratio is 0.39% (0.40% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.1M in broker commissions, 0.0439% of average net assets, and portfolio turnover was 84%.
C000257713 Fees and Expenses
Annual operating expenses and sales charges of C000257713. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.40% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.39% |
| 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 |
C000257713 Costs Over Time
On $10,000 invested in C000257713, assuming 5% a year before costs, total costs come to $274 over 5 years, cutting the return by 0.46% 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 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $5 | $14 | $25 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $150 | $274 |
| Value after costs | $10,454 | $11,426 | $12,488 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
C000257713 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0439%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $2.7B
- Portfolio turnover (prospectus): 84%
- Securities on loan, average value: $9.8M
- Net income from securities lending: $45K (0.002% of average net assets)
C000257713 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $632K | 60.49% |
| Citigroup Global Markets Inc. | $164K | 15.69% |
| BofA Securities, Inc. | $66K | 6.27% |
| J.P. Morgan Securities LLC | $46K | 4.42% |
| Barclays Capital Inc. | $31K | 2.97% |
| TD Securities (USA) LLC | $29K | 2.79% |
| Goldman Sachs & Co. LLC | $29K | 2.76% |
| Jefferies LLC | $22K | 2.12% |
| RBC Capital Markets, LLC | $22K | 2.07% |
| Nomura Securities International, Inc. | $4K | 0.42% |
C000257713 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $1.6B | 60.51% |
| National Securities Clearing Corporation | $603.7M | 22.61% |
| Goldman Sachs & Co. LLC | $279.0M | 10.45% |
| Morgan Stanley & Co. LLC | $106.8M | 4.00% |
| J.P. Morgan Securities LLC | $60.4M | 2.26% |
| BofA Securities, Inc. | $4.7M | 0.18% |
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.