ITA Fees and Costs — iShares U.S. Aerospace & Defense 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 $194K in broker commissions, 0.0018% of average net assets, and portfolio turnover was 42%.
ITA Fees and Expenses
Annual operating expenses and sales charges of ITA. 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 |
ITA Costs Over Time
On $10,000 invested in ITA, assuming 5% a year before costs, total costs come to $242 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 | $1 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $40 | $132 | $242 |
| Value after costs | $10,460 | $11,444 | $12,521 |
| Impact on return, per year | 0.40% | 0.40% | 0.40% |
ITA 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): 0.0018%
- Total broker commissions: $194K
- Bought from dealers (principal trades, not a cost): $12.6B
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $235.6M
- Net income from securities lending: $675K (0.006% of average net assets)
ITA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $32K | 19.68% |
| Jefferies LLC | $29K | 17.89% |
| Barclays Capital Inc. | $20K | 12.24% |
| Goldman Sachs & Co. LLC | $20K | 12.00% |
| Citigroup Global Markets Inc. | $15K | 9.34% |
| RBC Capital Markets, LLC | $13K | 7.71% |
| UBS Securities LLC | $11K | 6.87% |
| BofA Securities, Inc. | $8K | 5.15% |
| Mizuho Securities USA LLC | $8K | 4.76% |
| Cowen and Company, LLC | $7K | 4.35% |
ITA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $3.9B | 30.77% |
| Jane Street Capital, LLC | $2.4B | 19.27% |
| Morgan Stanley & Co. LLC | $1.6B | 12.90% |
| Virtu Americas LLC | $940.1M | 7.47% |
| Goldman Sachs & Co. LLC | $798.3M | 6.34% |
| BNP Paribas Securities Corp. | $733.8M | 5.83% |
| Citadel Securities LLC | $701.2M | 5.57% |
| ABN Amro Securities (USA) LLC | $614.1M | 4.88% |
| RBC Capital Markets, LLC | $519.6M | 4.13% |
| Citigroup Global Markets Inc. | $355.6M | 2.83% |
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.