EMB Fees and Costs — iShares J.P. Morgan USD Emerging Markets Bond ETF
Data updated: 2026-09-25
The net expense ratio is 0.39%. There are no sales loads or redemption fees. Portfolio turnover was 14%.
EMB Fees and Expenses
Annual operating expenses and sales charges of EMB. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
EMB Costs Over Time
On $10,000 invested in EMB, assuming 5% a year before costs, total costs come to $247 over 5 years, cutting the return by 0.41% 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 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $41 | $135 | $247 |
| Value after costs | $10,459 | $11,441 | $12,516 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
EMB 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $26.0B
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
EMB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $10.6B | 41.35% |
| Goldman Sachs & Co. LLC | $4.8B | 18.74% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $4.1B | 16.22% |
| BofA Securities, Inc. | $2.9B | 11.39% |
| Morgan Stanley & Co. LLC | $1.6B | 6.07% |
| Citigroup Global Markets Inc. | $740.4M | 2.90% |
| Jefferies LLC | $299.4M | 1.17% |
| Barclays Capital Inc. | $258.9M | 1.01% |
| HSBC Securities (USA) Inc. | $224.9M | 0.88% |
| Deutsche Bank Securities Inc. | $68.0M | 0.27% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.