IYT Fees and Costs — iShares U.S. Transportation 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 $14K in broker commissions, 0.0016% of average net assets, and portfolio turnover was 13%.
IYT Fees and Expenses
Annual operating expenses and sales charges of IYT. 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 |
IYT Costs Over Time
On $10,000 invested in IYT, 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 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $129 | $235 |
| Value after costs | $10,461 | $11,448 | $12,527 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
IYT 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): 0.0016%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $3.6B
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $20.7M
- Net income from securities lending: $84K (0.010% of average net assets)
IYT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $4K | 32.94% |
| Barclays Capital Inc. | $2K | 13.86% |
| Goldman Sachs & Co. LLC | $1K | 11.92% |
| UBS Securities LLC | $1K | 10.42% |
| Samuel A. Ramirez & Company, Inc. | $895 | 7.23% |
| CastleOak Securities, L.P. | $670 | 5.41% |
| Mischler Financial Group, Inc. | $661 | 5.33% |
| RBC Capital Markets, LLC | $632 | 5.10% |
| Cantor Fitzgerald & Co. | $550 | 4.44% |
| BNP Paribas Securities Corp. | $415 | 3.35% |
IYT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $677.7M | 18.95% |
| Goldman Sachs & Co. LLC | $638.9M | 17.87% |
| Jane Street Capital, LLC | $563.2M | 15.75% |
| RBC Capital Markets, LLC | $484.7M | 13.56% |
| Morgan Stanley & Co. LLC | $323.8M | 9.06% |
| Citadel Securities LLC | $224.1M | 6.27% |
| Virtu Americas LLC | $220.5M | 6.17% |
| Citigroup Global Markets Inc. | $161.6M | 4.52% |
| ABN Amro Securities (USA) LLC | $160.8M | 4.50% |
| BNP Paribas Securities Corp. | $120.2M | 3.36% |
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.