IBMM Fees and Costs — iShares iBonds Dec 2024 Term Muni Bond ETF
Data updated: 2025-01-13
The net expense ratio is 0.18%. There are no sales loads or redemption fees. Portfolio turnover was 0%.
IBMM Fees and Expenses
Annual operating expenses and sales charges of IBMM. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.18% |
| Fee waiver | — |
| Net expense ratio | 0.18% |
| 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 |
IBMM Costs Over Time
On $10,000 invested in IBMM, assuming 5% a year before costs, total costs come to $114 over 5 years, cutting the return by 0.19% 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 0.18%) | $19 | $59 | $104 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $19 | $62 | $114 |
| Value after costs | $10,481 | $11,514 | $12,648 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
IBMM 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): $810.3M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
IBMM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $270.1M | 33.40% |
| BofA Securities, Inc. | $100.3M | 12.41% |
| Barclays Capital, Inc. | $99.3M | 12.29% |
| BlackRock Liquidity Funds - MuniCash | $82.3M | 10.18% |
| Morgan Stanley & Co. LLC | $79.0M | 9.77% |
| National Financial Services LLC | $71.2M | 8.80% |
| Goldman Sachs & Co. LLC | $48.8M | 6.04% |
| Wells Fargo Securities, LLC | $47.4M | 5.86% |
| BlackRock Liquidity Funds T-Fund | $6.2M | 0.77% |
| Pershing LLC | $4.0M | 0.49% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.