IBMS Fees and Costs — iShares iBonds Dec 2030 Term Muni Bond ETF
Data updated: 2026-09-25
The net expense ratio is 0.10%. There are no sales loads or redemption fees. Portfolio turnover was 0%.
IBMS Fees and Expenses
Annual operating expenses and sales charges of IBMS. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.10% |
| 12b-1 fee | — |
| 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 |
IBMS Costs Over Time
On $10,000 invested in IBMS, 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% |
IBMS 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): $186.4M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
IBMS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds - MuniCash | $42.2M | 23.51% |
| TD Financial Products LLC | $36.9M | 20.58% |
| Morgan Stanley & Co. LLC | $35.8M | 19.93% |
| Wells Fargo Securities, LLC | $11.2M | 6.24% |
| Deutsche Bank Securities Inc. | $11.1M | 6.21% |
| J.P. Morgan Securities LLC | $10.9M | 6.09% |
| BofA Securities, Inc. | $10.8M | 6.03% |
| TMC Bonds L.L.C. | $9.8M | 5.47% |
| Goldman Sachs & Co. LLC | $6.7M | 3.72% |
| RBC Capital Markets, LLC | $4.0M | 2.24% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.