IYW Fees and Costs — iShares U.S. Technology 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 $143K in broker commissions, 0.0007% of average net assets, and portfolio turnover was 15%.
IYW Fees and Expenses
Annual operating expenses and sales charges of IYW. 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 |
IYW Costs Over Time
On $10,000 invested in IYW, 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 | $0 |
| 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% |
IYW 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): 0.0007%
- Total broker commissions: $143K
- Bought from dealers (principal trades, not a cost): $15.2B
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $246.6M
- Net income from securities lending: $511K (0.002% of average net assets)
IYW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $36K | 27.45% |
| Barclays Capital Inc. | $24K | 18.35% |
| J.P. Morgan Securities LLC | $23K | 17.63% |
| BNP Paribas Securities Corp. | $15K | 11.09% |
| UBS Securities LLC | $11K | 8.27% |
| Cowen and Company, LLC | $8K | 6.25% |
| Wells Fargo Securities, LLC | $5K | 3.96% |
| Morgan Stanley & Co. LLC | $4K | 2.88% |
| Jefferies LLC | $3K | 2.22% |
| RBC Capital Markets, LLC | $3K | 1.92% |
IYW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $3.4B | 23.01% |
| Virtu Americas LLC | $2.5B | 16.71% |
| Jane Street Capital, LLC | $2.1B | 14.07% |
| Morgan Stanley & Co. LLC | $1.5B | 10.04% |
| Citadel Securities LLC | $1.3B | 8.49% |
| Goldman Sachs & Co. LLC | $1.2B | 8.15% |
| RBC Capital Markets, LLC | $1.1B | 7.54% |
| BNP Paribas Securities Corp. | $891.9M | 5.96% |
| J.P. Morgan Securities LLC | $460.7M | 3.08% |
| Citigroup Global Markets Inc. | $443.9M | 2.96% |
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.