CMDY Fees and Costs — iShares Bloomberg Roll Select Commodity Strategy ETF
Data updated: 2026-09-25
The net expense ratio is 0.28% (0.29% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $212K in broker commissions, 0.0756% of average net assets, and portfolio turnover was 0%.
CMDY Fees and Expenses
Annual operating expenses and sales charges of CMDY. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.29% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.28% |
| 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 |
CMDY Costs Over Time
On $10,000 invested in CMDY, assuming 5% a year before costs, total costs come to $225 over 5 years, cutting the return by 0.37% 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 0.28%) | $29 | $92 | $161 |
| Trading costs (broker commissions) | $8 | $25 | $44 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $37 | $123 | $225 |
| Value after costs | $10,463 | $11,453 | $12,538 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
CMDY 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): 0.0756%
- Total broker commissions: $212K
- Bought from dealers (principal trades, not a cost): $3.9B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
CMDY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $212K | 100.00% |
CMDY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $2.1B | 57.83% |
| Nomura Securities International, Inc. | $339.0M | 9.53% |
| J.P. Morgan Securities LLC | $251.3M | 7.06% |
| Barclays Capital Inc. | $203.9M | 5.73% |
| RBC Capital Markets, LLC | $181.1M | 5.09% |
| BofA Securities, Inc. | $141.8M | 3.98% |
| Citigroup Global Markets Inc. | $115.9M | 3.26% |
| Mizuho Securities USA LLC | $92.3M | 2.59% |
| Goldman Sachs & Co. LLC | $90.3M | 2.54% |
| BNY Capital Markets, LLC | $85.2M | 2.39% |
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.