IYF Fees and Costs — iShares U.S. Financials ETF
Data updated: 2026-09-23
The net expense ratio is 0.37%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $41K in broker commissions, 0.0011% of average net assets, and portfolio turnover was 9%.
IYF Fees and Expenses
Annual operating expenses and sales charges of IYF. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.37% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.37% |
| Fee waiver | — |
| Net expense ratio | 0.37% |
| 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 |
IYF Costs Over Time
On $10,000 invested in IYF, assuming 5% a year before costs, total costs come to $235 over 5 years, cutting the return by 0.39% 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 0.37%) | $39 | $122 | $213 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $128 | $235 |
| Value after costs | $10,461 | $11,448 | $12,528 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
IYF 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): 0.0011%
- Total broker commissions: $41K
- Bought from dealers (principal trades, not a cost): $3.7B
- Portfolio turnover (prospectus): 9%
- Securities on loan, average value: $17.9M
- Net income from securities lending: $140K (0.004% of average net assets)
IYF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $6K | 19.96% |
| UBS Securities LLC | $5K | 14.81% |
| BofA Securities, Inc. | $4K | 12.65% |
| J.P. Morgan Securities LLC | $3K | 11.16% |
| Citigroup Global Markets Inc. | $3K | 9.94% |
| Cantor Fitzgerald & Co. | $3K | 8.18% |
| Morgan Stanley & Co. LLC | $2K | 6.26% |
| Instinet, LLC | $2K | 6.01% |
| Jefferies LLC | $2K | 5.85% |
| Samuel A. Ramirez & Company, Inc. | $2K | 5.18% |
IYF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $1.2B | 31.34% |
| BofA Securities, Inc. | $808.8M | 21.83% |
| RBC Capital Markets, LLC | $465.3M | 12.56% |
| Virtu Americas LLC | $421.6M | 11.38% |
| Citigroup Global Markets Inc. | $355.7M | 9.60% |
| Citadel Securities LLC | $206.5M | 5.58% |
| Goldman Sachs & Co. LLC | $163.7M | 4.42% |
| ABN Amro Securities (USA) LLC | $84.7M | 2.29% |
| Morgan Stanley & Co. LLC | $18.8M | 0.51% |
| BNP Paribas Securities Corp. | $18.1M | 0.49% |
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.