C000264683 Fees and Costs — iShares Systematic Alternatives Active ETF
Data updated: 2026-09-25
The net expense ratio is 0.99%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $26K in broker commissions, 0.0215% of average net assets, and portfolio turnover was 181%.
C000264683 Fees and Expenses
Annual operating expenses and sales charges of C000264683. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.99% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| 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 |
C000264683 Costs Over Time
On $10,000 invested in C000264683, assuming 5% a year before costs, total costs come to $633 over 5 years, cutting the return by 1.06% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $348 | $633 |
| Value after costs | $10,394 | $11,229 | $12,130 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
C000264683 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): 0.0215%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $670.3M
- Portfolio turnover (prospectus): 181%
- Securities on loan, average value: $104K
- Net income from securities lending: $122 (0.000% of average net assets)
C000264683 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $21K | 80.56% |
| BofA Securities, Inc. | $5K | 19.44% |
C000264683 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $204.9M | 33.10% |
| Goldman Sachs & Co. LLC | $107.9M | 17.43% |
| Wells Fargo Securities, LLC | $60.3M | 9.75% |
| BMO Capital Markets Corp. | $49.8M | 8.04% |
| Citadel Securities LLC | $45.3M | 7.33% |
| J.P. Morgan Securities LLC | $35.4M | 5.73% |
| Morgan Stanley & Co. LLC | $32.5M | 5.25% |
| Deutsche Bank Securities Inc. | $31.2M | 5.05% |
| BofA Securities, Inc. | $28.0M | 4.53% |
| Citigroup Global Markets Inc. | $23.5M | 3.79% |
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.