LQD Fees and Costs — iShares iBoxx $ Investment Grade Corporate Bond ETF
Data updated: 2026-07-24
The net expense ratio is 0.14%. There are no sales loads or redemption fees. Portfolio turnover was 16%.
LQD Fees and Expenses
Annual operating expenses and sales charges of LQD. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.14% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.14% |
| Fee waiver | — |
| Net expense ratio | 0.14% |
| 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 |
LQD Costs Over Time
On $10,000 invested in LQD, assuming 5% a year before costs, total costs come to $89 over 5 years, cutting the return by 0.15% 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 0.14%) | $15 | $46 | $81 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $15 | $49 | $89 |
| Value after costs | $10,485 | $11,528 | $12,674 |
| Impact on return, per year | 0.15% | 0.15% | 0.15% |
LQD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $137.6B
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $2.0B
- Net income from securities lending: $5.0M (0.017% of average net assets)
LQD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $117.9B | 87.42% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $7.9B | 5.88% |
| Morgan Stanley & Co. LLC | $2.1B | 1.58% |
| BofA Securities, Inc. | $1.7B | 1.25% |
| J.P. Morgan Securities LLC | $1.5B | 1.13% |
| Goldman Sachs & Co. LLC | $1.2B | 0.87% |
| Jane Street Capital, LLC | $742.3M | 0.55% |
| Barclays Capital Inc. | $736.3M | 0.55% |
| Citigroup Global Markets Inc. | $599.9M | 0.44% |
| Wells Fargo Securities, LLC | $443.9M | 0.33% |
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.