IBTG Fees and Costs — iShares iBonds Dec 2026 Term Treasury ETF
Data updated: 2026-09-25
The net expense ratio is 0.07%. There are no sales loads or redemption fees. Portfolio turnover was 7%.
IBTG Fees and Expenses
Annual operating expenses and sales charges of IBTG. Prospectus, as of October 31, 2025.
| 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 |
IBTG Costs Over Time
On $10,000 invested in IBTG, 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% |
IBTG 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): $2.7B
- Portfolio turnover (prospectus): 7%
- Securities on loan, average value: $4.9M
- Net income from securities lending: $5K (0.000% of average net assets)
IBTG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $513.3M | 21.02% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $498.9M | 20.43% |
| Goldman Sachs & Co. LLC | $458.0M | 18.76% |
| Wells Fargo Securities, LLC | $286.0M | 11.71% |
| BlackRock Liquidity Funds T-Fund | $144.3M | 5.91% |
| Citigroup Global Markets Inc. | $141.1M | 5.78% |
| BMO Capital Markets Corp. | $138.2M | 5.66% |
| Citadel Securities LLC | $110.9M | 4.54% |
| National Securities Clearing Corp. | $92.6M | 3.79% |
| Morgan Stanley & Co. LLC | $58.4M | 2.39% |
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.