ICVT Fees and Costs — iShares Convertible Bond ETF
Data updated: 2026-09-25
The net expense ratio is 0.20%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $27K in broker commissions, 0.0010% of average net assets, and portfolio turnover was 30%.
ICVT Fees and Expenses
Annual operating expenses and sales charges of ICVT. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| 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 |
ICVT Costs Over Time
On $10,000 invested in ICVT, assuming 5% a year before costs, total costs come to $128 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $70 | $128 |
| Value after costs | $10,479 | $11,507 | $12,635 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
ICVT 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): 0.0010%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $4.2B
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $670K
- Net income from securities lending: $27K (0.001% of average net assets)
ICVT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $16K | 58.41% |
| TD Securities (USA) LLC | $7K | 27.00% |
| Morgan Stanley & Co. LLC | $2K | 8.49% |
| J.P. Morgan Securities LLC | $2K | 6.11% |
ICVT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $967.1M | 24.52% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $907.1M | 23.00% |
| National Securities Clearing Corporation | $705.8M | 17.89% |
| BofA Securities, Inc. | $242.7M | 6.15% |
| J.P. Morgan Securities LLC | $241.6M | 6.13% |
| Barclays Capital Inc. | $232.2M | 5.89% |
| Morgan Stanley & Co. LLC | $189.7M | 4.81% |
| Goldman Sachs & Co. LLC | $173.6M | 4.40% |
| Citigroup Global Markets Inc. | $168.3M | 4.27% |
| Oppenheimer & Co. Inc. | $116.3M | 2.95% |
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.