IBTE Fees and Costs — iShares iBonds Dec 2024 Term Treasury ETF
Data updated: 2025-01-13
The net expense ratio is 0.07%. There are no sales loads or redemption fees. Portfolio turnover was 7%.
IBTE Fees and Expenses
Annual operating expenses and sales charges of IBTE. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.07% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.07% |
| Fee waiver | — |
| Net expense ratio | 0.07% |
| 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 |
IBTE Costs Over Time
On $10,000 invested in IBTE, assuming 5% a year before costs, total costs come to $45 over 5 years, cutting the return by 0.07% 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 0.07%) | $7 | $23 | $41 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $7 | $24 | $45 |
| Value after costs | $10,493 | $11,552 | $12,718 |
| Impact on return, per year | 0.07% | 0.07% | 0.07% |
IBTE 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): $9.7B
- Portfolio turnover (prospectus): 7%
- Securities on loan, average value: $722.6M
- Net income from securities lending: $1.2M (0.045% of average net assets)
IBTE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Liquidity Funds T-Fund | $3.1B | 32.98% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $2.1B | 22.10% |
| J.P. Morgan Securities LLC | $1.2B | 13.21% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $642.4M | 6.92% |
| Morgan Stanley & Co. LLC | $568.9M | 6.13% |
| Goldman Sachs & Co. LLC | $535.0M | 5.77% |
| BofA Securities, Inc. | $392.4M | 4.23% |
| BMO Capital Markets Corp. | $305.8M | 3.30% |
| Citigroup Global Markets Inc. | $300.0M | 3.23% |
| Daiwa Capital Markets America Inc. | $197.3M | 2.13% |
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.