ITDA Fees and Costs — iShares LifePath Target Date 2025 ETF
Data updated: 2024-12-26
The net expense ratio is 0.09%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $85 in broker commissions, 0.0030% of average net assets.
ITDA Fees and Expenses
Annual operating expenses and sales charges of ITDA. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.09% |
| Fee waiver | — |
| Net expense ratio | 0.09% |
| 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 |
ITDA Costs Over Time
On $10,000 invested in ITDA, assuming 5% a year before costs, total costs come to $59 over 5 years, cutting the return by 0.10% 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 0.09%) | $9 | $30 | $52 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $2 | $5 |
| Total costs | $10 | $32 | $59 |
| Value after costs | $10,490 | $11,544 | $12,704 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
ITDA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0030%
- Total broker commissions: $85
- Bought from dealers (principal trades, not a cost): $3.2M
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $12K
- Net income from securities lending: $96 (0.003% of average net assets)
ITDA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $31 | 36.01% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $29 | 34.07% |
| Goldman Sachs & Co. LLC | $13 | 15.20% |
| Morgan Stanley & Co. LLC | $7 | 8.48% |
| Jefferies LLC | $2 | 2.36% |
| Cowen and Company, LLC | $1 | 1.64% |
| J.P. Morgan Securities LLC | $1 | 1.40% |
| UBS Securities LLC | $0 | 0.49% |
| Wells Fargo Securities, LLC | $0 | 0.21% |
| RBC Capital Markets, LLC | $0 | 0.14% |
ITDA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $2.4M | 75.68% |
| Citadel Securities LLC | $555K | 17.18% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $231K | 7.14% |
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.