FLOT Fees and Costs — iShares Floating Rate Bond ETF
Data updated: 2026-09-25
The net expense ratio is 0.15%. There are no sales loads or redemption fees. Portfolio turnover was 26%.
FLOT Fees and Expenses
Annual operating expenses and sales charges of FLOT. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| Net expense ratio | 0.15% |
| 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 |
FLOT Costs Over Time
On $10,000 invested in FLOT, assuming 5% a year before costs, total costs come to $95 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $16 | $52 | $95 |
| Value after costs | $10,484 | $11,524 | $12,667 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
FLOT 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): $9.6B
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $305.7M
- Net income from securities lending: $1.1M (0.013% of average net assets)
FLOT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $3.6B | 42.07% |
| J.P. Morgan Securities LLC | $2.4B | 27.98% |
| Goldman Sachs & Co. LLC | $574.3M | 6.62% |
| Mizuho Securities USA LLC | $499.5M | 5.76% |
| RBC Capital Markets, LLC | $358.6M | 4.13% |
| Morgan Stanley & Co. LLC | $343.5M | 3.96% |
| BofA Securities, Inc. | $247.8M | 2.86% |
| TD Securities (USA) LLC | $233.5M | 2.69% |
| Wells Fargo Securities, LLC | $170.6M | 1.97% |
| Citigroup Global Markets Inc. | $170.0M | 1.96% |
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.