IBHD Fees and Costs — iShares iBonds 2024 Term High Yield and Income ETF
Data updated: 2025-01-13
The net expense ratio is 0.35%. There are no sales loads or redemption fees. Portfolio turnover was 41%.
IBHD Fees and Expenses
Annual operating expenses and sales charges of IBHD. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| 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) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
IBHD Costs Over Time
On $10,000 invested in IBHD, 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 |
| 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% |
IBHD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 41%
- Securities on loan, average value: $18.1M
- Net income from securities lending: $187K (0.043% of average net assets)
IBHD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $824.0M | 65.55% |
| Jane Street Capital, LLC | $123.7M | 9.84% |
| Morgan Stanley & Co. LLC | $67.5M | 5.37% |
| Goldman Sachs & Co. LLC | $59.7M | 4.75% |
| J.P. Morgan Securities LLC | $47.0M | 3.74% |
| BofA Securities, Inc. | $38.5M | 3.06% |
| BNY Capital Markets, LLC | $31.5M | 2.51% |
| Kleinwort Benson North America Inc. | $29.5M | 2.35% |
| Tradeweb Direct LLC | $20.4M | 1.62% |
| Barclays Capital Inc. | $15.4M | 1.22% |
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.