IBDR Fees and Costs — iShares iBonds Dec 2026 Term Corporate ETF
Data updated: 2026-09-25
The net expense ratio is 0.10%. There are no sales loads or redemption fees. Portfolio turnover was 3%.
IBDR Fees and Expenses
Annual operating expenses and sales charges of IBDR. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.10% |
| Fee waiver | — |
| 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 |
IBDR Costs Over Time
On $10,000 invested in IBDR, 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% |
IBDR 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): $1.8B
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $151.5M
- Net income from securities lending: $377K (0.012% of average net assets)
IBDR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $861.5M | 48.58% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $665.8M | 37.54% |
| Morgan Stanley & Co. LLC | $84.0M | 4.74% |
| Jane Street Execution Services, LLC | $49.4M | 2.78% |
| Goldman Sachs & Co. LLC | $37.4M | 2.11% |
| Jane Street Capital, LLC | $28.5M | 1.61% |
| BofA Securities, Inc. | $19.2M | 1.08% |
| J.P. Morgan Securities LLC | $12.0M | 0.68% |
| Wells Fargo Securities, LLC | $8.0M | 0.45% |
| Citigroup Global Markets Inc. | $7.6M | 0.43% |
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.