HYGW Fees and Costs — iShares High Yield Corporate Bond BuyWrite Strategy ETF
Data updated: 2026-09-25
The net expense ratio is 0.69%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $811K in broker commissions, 0.3742% of average net assets, and portfolio turnover was 3%.
HYGW Fees and Expenses
Annual operating expenses and sales charges of HYGW. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.69% |
| Fee waiver | — |
| Net expense ratio | 0.69% |
| 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 |
HYGW Costs Over Time
On $10,000 invested in HYGW, assuming 5% a year before costs, total costs come to $665 over 5 years, cutting the return by 1.12% 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 0.69%) | $72 | $226 | $391 |
| Trading costs (broker commissions) | $39 | $123 | $212 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $366 | $665 |
| Value after costs | $10,388 | $11,211 | $12,098 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
HYGW 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): 0.3742%
- Total broker commissions: $811K
- Bought from dealers (principal trades, not a cost): $213.4M
- Portfolio turnover (prospectus): 3%
- Securities lending: none during the year
HYGW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $738K | 91.02% |
| Morgan Stanley & Co. LLC | $72K | 8.93% |
| Citigroup Global Markets Inc. | $389 | 0.05% |
HYGW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $119.1M | 55.82% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $94.2M | 44.18% |
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.