IMCB Fees and Costs — iShares Morningstar Mid-Cap ETF
Data updated: 2026-09-25
The net expense ratio is 0.04%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $34K in broker commissions, 0.0027% of average net assets, and portfolio turnover was 29%.
IMCB Fees and Expenses
Annual operating expenses and sales charges of IMCB. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.04% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.04% |
| Fee waiver | — |
| Net expense ratio | 0.04% |
| 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 |
IMCB Costs Over Time
On $10,000 invested in IMCB, assuming 5% a year before costs, total costs come to $27 over 5 years, cutting the return by 0.04% 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 0.04%) | $4 | $13 | $23 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $1 | $2 |
| Total costs | $4 | $15 | $27 |
| Value after costs | $10,496 | $11,561 | $12,736 |
| Impact on return, per year | 0.04% | 0.04% | 0.04% |
IMCB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0027%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): $418.2M
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $24.3M
- Net income from securities lending: $144K (0.011% of average net assets)
IMCB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $5K | 18.24% |
| Citigroup Global Markets Inc. | $4K | 12.80% |
| UBS Securities LLC | $3K | 10.80% |
| Pershing LLC | $3K | 10.13% |
| Goldman Sachs & Co. LLC | $3K | 10.10% |
| Jefferies LLC | $3K | 9.69% |
| Morgan Stanley & Co. LLC | $3K | 9.28% |
| BNP Paribas Securities Corp. | $2K | 7.12% |
| RBC Capital Markets, LLC | $2K | 6.67% |
| Instinet, LLC | $2K | 5.16% |
IMCB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corp. | $340.1M | 81.34% |
| BlackRock Liquidity Funds T-Fund | $77.9M | 18.62% |
| Jane Street Capital, LLC | $94K | 0.02% |
| Citadel Securities LLC | $19K | 0.00% |
| BofA Securities, Inc. | $10K | 0.00% |
| Virtu Americas LLC | $9K | 0.00% |
| Barclays Capital, Inc. | $8K | 0.00% |
| Goldman Sachs & Co. LLC | $4K | 0.00% |
| UBS Securities LLC | $3K | 0.00% |
| Morgan Stanley & Co. LLC | $2K | 0.00% |
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.