IBAT Fees and Costs — iShares Energy Storage & Materials ETF
Data updated: 2026-10-13
The net expense ratio is 0.47%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $18K in broker commissions, 0.0492% of average net assets, and portfolio turnover was 23%.
IBAT Fees and Expenses
Annual operating expenses and sales charges of IBAT. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.47% |
| Fee waiver | — |
| Net expense ratio | 0.47% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
IBAT Costs Over Time
On $10,000 invested in IBAT, assuming 5% a year before costs, total costs come to $328 over 5 years, cutting the return by 0.55% 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 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $55 | $179 | $328 |
| Value after costs | $10,445 | $11,397 | $12,435 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
IBAT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0492%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $70.4M
- Portfolio turnover (prospectus): 23%
IBAT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $6K | 39.04% |
| Goldman Sachs & Co. LLC | $3K | 16.93% |
| UBS Securities LLC | $2K | 11.02% |
| Morgan Stanley & Co. LLC | $1K | 9.12% |
| BofA Securities, Inc. | $1K | 7.90% |
| Cabrera Capital Markets LLC | $786 | 5.02% |
| Macquarie Capital (USA) Inc. | $494 | 3.16% |
| Mizuho Securities USA LLC | $477 | 3.05% |
| CLSA Americas, LLC | $396 | 2.53% |
| Instinet, LLC | $349 | 2.23% |
IBAT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $35.4M | 50.23% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $24.7M | 35.04% |
| Jane Street Capital, LLC | $5.0M | 7.05% |
| Mizuho Securities USA LLC | $2.9M | 4.08% |
| UBS Securities LLC | $2.2M | 3.13% |
| Citigroup Global Markets Inc. | $334K | 0.47% |
| Morgan Stanley & Co. LLC | $407 | 0.00% |
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.