IEO Fees and Costs — iShares U.S. Oil & Gas Exploration & Production ETF
Data updated: 2026-08-24
The net expense ratio is 0.38%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $19K in broker commissions, 0.0040% of average net assets, and portfolio turnover was 19%.
IEO Fees and Expenses
Annual operating expenses and sales charges of IEO. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.38% |
| Fee waiver | — |
| Net expense ratio | 0.38% |
| 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 |
IEO Costs Over Time
On $10,000 invested in IEO, assuming 5% a year before costs, total costs come to $243 over 5 years, cutting the return by 0.40% 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 0.38%) | $40 | $125 | $219 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $40 | $133 | $243 |
| Value after costs | $10,460 | $11,443 | $12,520 |
| Impact on return, per year | 0.40% | 0.40% | 0.40% |
IEO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0040%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $291.0M
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $9.4M
- Net income from securities lending: $47K (0.010% of average net assets)
IEO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $4K | 24.14% |
| Citigroup Global Markets Inc. | $4K | 21.32% |
| Morgan Stanley & Co. LLC | $2K | 13.59% |
| UBS Securities LLC | $2K | 11.17% |
| Barclays Capital Inc. | $2K | 9.11% |
| RBC Capital Markets, LLC | $870 | 5.18% |
| CastleOak Securities, L.P. | $701 | 4.17% |
| Academy Securities Inc. | $674 | 4.02% |
| Goldman Sachs & Co. LLC | $663 | 3.95% |
| Jefferies LLC | $562 | 3.35% |
IEO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $52.9M | 18.19% |
| Citadel Securities LLC | $51.3M | 17.63% |
| Citigroup Global Markets Inc. | $46.4M | 15.95% |
| Virtu Americas LLC | $36.8M | 12.63% |
| BNP Paribas Securities Corp. | $30.9M | 10.63% |
| BofA Securities, Inc. | $24.5M | 8.43% |
| ABN Amro Securities (USA) LLC | $15.5M | 5.33% |
| Jefferies LLC | $14.5M | 4.99% |
| Jane Street Capital, LLC | $12.2M | 4.21% |
| Goldman Sachs & Co. LLC | $5.9M | 2.01% |
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.