IEZ Fees and Costs — iShares U.S. Oil Equipment & Services 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 $12K in broker commissions, 0.0067% of average net assets, and portfolio turnover was 25%.
IEZ Fees and Expenses
Annual operating expenses and sales charges of IEZ. 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 |
IEZ Costs Over Time
On $10,000 invested in IEZ, assuming 5% a year before costs, total costs come to $245 over 5 years, cutting the return by 0.41% 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) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $41 | $134 | $245 |
| Value after costs | $10,459 | $11,442 | $12,518 |
| Impact on return, per year | 0.41% | 0.41% | 0.41% |
IEZ 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): 0.0067%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $405.8M
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $5.1M
- Net income from securities lending: $10K (0.006% of average net assets)
IEZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $2K | 21.01% |
| Barclays Capital Inc. | $2K | 18.59% |
| UBS Securities LLC | $2K | 15.73% |
| Jefferies LLC | $1K | 10.71% |
| Morgan Stanley & Co. LLC | $966 | 8.97% |
| Goldman Sachs & Co. LLC | $905 | 8.40% |
| RBC Capital Markets, LLC | $687 | 6.38% |
| Cantor Fitzgerald & Co. | $616 | 5.72% |
| BNP Paribas Securities Corp. | $293 | 2.72% |
| J.P. Morgan Securities LLC | $189 | 1.75% |
IEZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $100.5M | 24.77% |
| Jane Street Capital, LLC | $64.5M | 15.89% |
| Citadel Securities LLC | $57.3M | 14.13% |
| Goldman Sachs & Co. LLC | $43.6M | 10.75% |
| Virtu Americas LLC | $38.7M | 9.53% |
| ABN Amro Securities (USA) LLC | $30.0M | 7.40% |
| RBC Capital Markets, LLC | $26.7M | 6.57% |
| BNP Paribas Securities Corp. | $18.0M | 4.44% |
| Citigroup Global Markets Inc. | $15.0M | 3.71% |
| Morgan Stanley & Co. LLC | $11.4M | 2.82% |
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.