LQDH Fees and Costs — iShares Interest Rate Hedged Corporate Bond ETF
Data updated: 2026-09-25
The net expense ratio is 0.24% (0.44% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0004% of average net assets, and portfolio turnover was 2%.
LQDH Fees and Expenses
Annual operating expenses and sales charges of LQDH. 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 | 0.44% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.24% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
LQDH Costs Over Time
On $10,000 invested in LQDH, assuming 5% a year before costs, total costs come to $153 over 5 years, cutting the return by 0.25% 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 0.24%) | $25 | $79 | $139 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $25 | $83 | $153 |
| Value after costs | $10,475 | $11,493 | $12,610 |
| Impact on return, per year | 0.25% | 0.25% | 0.25% |
LQDH 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): 0.0004%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $728.9M
- Portfolio turnover (prospectus): 2%
- Securities on loan, average value: $210.3M
- Net income from securities lending: $1.1M (0.225% of average net assets)
LQDH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $980 | 54.90% |
| Goldman Sachs & Co. LLC | $560 | 31.37% |
| Jefferies LLC | $245 | 13.73% |
LQDH Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $388.7M | 53.33% |
| National Securities Clearing Corporation | $340.2M | 46.67% |
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.