IETC Fees and Costs — iShares U.S. Tech Independence Focused ETF
Data updated: 2026-10-13
The net expense ratio is 0.18%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $10K in broker commissions, 0.0012% of average net assets, and portfolio turnover was 43%.
IETC Fees and Expenses
Annual operating expenses and sales charges of IETC. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.18% |
| Fee waiver | — |
| Net expense ratio | 0.18% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
IETC Costs Over Time
On $10,000 invested in IETC, assuming 5% a year before costs, total costs come to $115 over 5 years, cutting the return by 0.19% 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 0.18%) | $19 | $59 | $104 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $19 | $63 | $115 |
| Value after costs | $10,481 | $11,513 | $12,648 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
IETC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0012%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $831.1M
- Portfolio turnover (prospectus): 43%
IETC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $6K | 59.59% |
| UBS Securities LLC | $1K | 14.04% |
| Goldman Sachs & Co. LLC | $934 | 9.22% |
| Morgan Stanley & Co. LLC | $471 | 4.65% |
| Barclays Capital, Inc. | $397 | 3.92% |
| BofA Securities, Inc. | $347 | 3.42% |
| J.P. Morgan Securities LLC | $214 | 2.11% |
| Wells Fargo Securities, LLC | $194 | 1.91% |
| Citigroup Global Markets Inc. | $91 | 0.90% |
| Pershing LLC | $24 | 0.24% |
IETC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corp. | $803.7M | 96.70% |
| BlackRock Liquidity Funds T-Fund | $16.3M | 1.97% |
| Goldman Sachs & Co. LLC | $10.3M | 1.23% |
| Morgan Stanley & Co. LLC | $832K | 0.10% |
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.