HYDB Fees and Costs — iShares High Yield Systematic Bond ETF
Data updated: 2026-07-24
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $10K in broker commissions, 0.0006% of average net assets, and portfolio turnover was 93%.
HYDB Fees and Expenses
Annual operating expenses and sales charges of HYDB. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| 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 |
HYDB Costs Over Time
On $10,000 invested in HYDB, assuming 5% a year before costs, total costs come to $222 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $121 | $222 |
| Value after costs | $10,463 | $11,455 | $12,541 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
HYDB 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): 0.0006%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $4.7B
- Portfolio turnover (prospectus): 93%
- Securities on loan, average value: $312.8M
- Net income from securities lending: $1.8M (0.111% of average net assets)
HYDB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $10K | 100.00% |
| J.P. Morgan Securities LLC | $0 | 0.00% |
HYDB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $1.0B | 25.18% |
| J.P. Morgan Securities LLC | $744.5M | 17.86% |
| Goldman Sachs & Co. LLC | $524.2M | 12.57% |
| Morgan Stanley & Co. LLC | $462.8M | 11.10% |
| Barclays Capital Inc. | $322.2M | 7.73% |
| BofA Securities, Inc. | $313.4M | 7.52% |
| Citigroup Global Markets Inc. | $304.8M | 7.31% |
| Jefferies LLC | $196.1M | 4.70% |
| Jane Street Capital, LLC | $128.1M | 3.07% |
| RBC Capital Markets, LLC | $122.9M | 2.95% |
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.