GOVZ Fees and Costs — iShares 25+ Year Treasury STRIPS Bond ETF
Data updated: 2026-07-24
The net expense ratio is 0.10% (0.15% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 21%.
GOVZ Fees and Expenses
Annual operating expenses and sales charges of GOVZ. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.15% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.10% |
| 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 |
GOVZ Costs Over Time
On $10,000 invested in GOVZ, assuming 5% a year before costs, total costs come to $64 over 5 years, cutting the return by 0.10% 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 0.10%) | $10 | $33 | $58 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $10 | $35 | $64 |
| Value after costs | $10,490 | $11,542 | $12,699 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
GOVZ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $430.5M
- Portfolio turnover (prospectus): 21%
- Securities on loan, average value: $31K
- Net income from securities lending: $115 (0.000% of average net assets)
GOVZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $103.0M | 24.30% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $74.2M | 17.50% |
| National Securities Clearing Corp. | $61.3M | 14.45% |
| Citadel Securities LLC | $49.7M | 11.72% |
| Morgan Stanley & Co. LLC | $34.7M | 8.18% |
| Citigroup Global Markets Inc. | $29.1M | 6.86% |
| BlackRock Liquidity Funds T-Fund | $28.8M | 6.79% |
| J.P. Morgan Securities LLC | $27.0M | 6.37% |
| BNP Paribas Securities Corp. | $13.6M | 3.21% |
| BofA Securities, Inc. | $2.7M | 0.63% |
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.