IFRA Fees and Costs — iShares U.S. Infrastructure ETF
Data updated: 2026-08-24
The net expense ratio is 0.30%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $903K in broker commissions, 0.0300% of average net assets, and portfolio turnover was 29%.
IFRA Fees and Expenses
Annual operating expenses and sales charges of IFRA. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| 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 |
IFRA Costs Over Time
On $10,000 invested in IFRA, assuming 5% a year before costs, total costs come to $209 over 5 years, cutting the return by 0.35% 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 0.30%) | $32 | $99 | $173 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $35 | $114 | $209 |
| Value after costs | $10,465 | $11,462 | $12,554 |
| Impact on return, per year | 0.35% | 0.35% | 0.35% |
IFRA 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): 0.0300%
- Total broker commissions: $903K
- Bought from dealers (principal trades, not a cost): $2.9B
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $44.1M
- Net income from securities lending: $4.1M (0.135% of average net assets)
IFRA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $324K | 38.67% |
| Barclays Capital Inc. | $103K | 12.26% |
| Morgan Stanley & Co. LLC | $85K | 10.13% |
| RBC Capital Markets, LLC | $83K | 9.95% |
| Citigroup Global Markets Inc. | $60K | 7.13% |
| Cowen and Company, LLC | $50K | 5.98% |
| Jefferies LLC | $44K | 5.22% |
| BofA Securities, Inc. | $37K | 4.45% |
| Piper Sandler & Co. | $37K | 4.37% |
| Instinet, LLC | $16K | 1.85% |
IFRA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1.0B | 35.68% |
| J.P. Morgan Securities LLC | $979.2M | 33.61% |
| Citigroup Global Markets Inc. | $333.9M | 11.46% |
| Citadel Securities LLC | $190.3M | 6.53% |
| Jane Street Capital, LLC | $123.2M | 4.23% |
| RBC Capital Markets, LLC | $118.2M | 4.06% |
| BofA Securities, Inc. | $111.8M | 3.84% |
| ABN Amro Securities (USA) LLC | $9.4M | 0.32% |
| BNP Paribas Securities Corp. | $5.2M | 0.18% |
| Virtu Americas LLC | $2.6M | 0.09% |
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.