IUSB Fees and Costs — iShares Core Universal USD Bond ETF
Data updated: 2026-09-25
The net expense ratio is 0.06%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1K in broker commissions, and portfolio turnover was 65%.
IUSB Fees and Expenses
Annual operating expenses and sales charges of IUSB. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.06% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.06% |
| Fee waiver | — |
| Net expense ratio | 0.06% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
IUSB Costs Over Time
On $10,000 invested in IUSB, assuming 5% a year before costs, total costs come to $38 over 5 years, cutting the return by 0.06% 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 0.06%) | $6 | $20 | $35 |
| Lost growth on money paid in costs | $0 | $1 | $3 |
| Total costs | $6 | $21 | $38 |
| Value after costs | $10,494 | $11,555 | $12,725 |
| Impact on return, per year | 0.06% | 0.06% | 0.06% |
IUSB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $53.8B
- Portfolio turnover (prospectus): 65%
- Securities on loan, average value: $324.2M
- Net income from securities lending: $2.7M (0.008% of average net assets)
IUSB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $779 | 60.98% |
| TD SECURITIES (USA) LLC | $499 | 39.02% |
IUSB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $13.8B | 27.60% |
| BofA Securities, Inc. | $8.7B | 17.44% |
| Morgan Stanley & Co. LLC | $8.3B | 16.66% |
| Goldman Sachs & Co. LLC | $6.3B | 12.57% |
| Barclays Capital, Inc. | $4.5B | 9.04% |
| BlackRock Liquidity Funds T-Fund | $4.0B | 8.08% |
| Wells Fargo Securities, LLC | $1.5B | 3.02% |
| Mizuho Securities USA LLC | $1.3B | 2.64% |
| Nomura Securities International, Inc. | $806.3M | 1.61% |
| RBC Capital Markets, LLC | $671.8M | 1.34% |
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.