LEMB Fees and Costs — iShares J.P. Morgan EM Local Currency Bond ETF
Data updated: 2026-09-25
The net expense ratio is 0.30%. There are no sales loads or redemption fees. Portfolio turnover was 29%.
LEMB Fees and Expenses
Annual operating expenses and sales charges of LEMB. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| 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 |
LEMB Costs Over Time
On $10,000 invested in LEMB, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
LEMB 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: —
- Bought from dealers (principal trades, not a cost): $423.0M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
LEMB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $110.6M | 33.94% |
| J.P. Morgan Securities LLC | $83.9M | 25.74% |
| HSBC Securities (USA) Inc. | $37.4M | 11.49% |
| Citigroup Global Markets Inc. | $17.7M | 5.44% |
| Jane Street Capital, LLC | $16.4M | 5.04% |
| BBVA Securities Inc. | $13.5M | 4.14% |
| Santander Securities LLC | $13.0M | 3.99% |
| Goldman Sachs & Co. LLC | $12.8M | 3.94% |
| Deutsche Bank Securities Inc. | $11.3M | 3.47% |
| BofA Securities, Inc. | $9.1M | 2.80% |
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.