MADE Fees and Costs — iShares U.S. Manufacturing ETF
Data updated: 2026-08-24
The net expense ratio is 0.40%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $702 in broker commissions, 0.0026% of average net assets, and portfolio turnover was 18%.
MADE Fees and Expenses
Annual operating expenses and sales charges of MADE. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.40% |
| Fee waiver | — |
| Net expense ratio | 0.40% |
| 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 |
MADE Costs Over Time
On $10,000 invested in MADE, assuming 5% a year before costs, total costs come to $255 over 5 years, cutting the return by 0.42% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $139 | $255 |
| Value after costs | $10,458 | $11,437 | $12,508 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
MADE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0026%
- Total broker commissions: $702
- Bought from dealers (principal trades, not a cost): $38.1M
- Portfolio turnover (prospectus): 18%
- Securities on loan, average value: $273K
- Net income from securities lending: $4K (0.013% of average net assets)
MADE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $73 | 16.92% |
| Piper Sandler & Co. | $54 | 12.48% |
| BofA Securities, Inc. | $52 | 12.10% |
| UBS Securities LLC | $52 | 12.04% |
| BNP Paribas Securities Corp. | $45 | 10.49% |
| J.P. Morgan Securities LLC | $41 | 9.59% |
| Citigroup Global Markets Inc. | $41 | 9.44% |
| Samuel A. Ramirez & Company, Inc. | $33 | 7.63% |
| Instinet, LLC | $27 | 6.19% |
| Goldman Sachs & Co. LLC | $13 | 3.12% |
MADE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ABN Amro Securities (USA) LLC | $10.4M | 27.20% |
| Citigroup Global Markets Inc. | $10.0M | 26.17% |
| Jane Street Capital, LLC | $9.7M | 25.43% |
| BofA Securities, Inc. | $3.9M | 10.28% |
| Virtu Americas LLC | $2.8M | 7.24% |
| Citadel Securities LLC | $1.4M | 3.66% |
| Goldman Sachs & Co. LLC | $3K | 0.01% |
| J.P. Morgan Securities LLC | $2K | 0.01% |
| UBS Securities LLC | $1K | 0.00% |
| Morgan Stanley & Co. LLC | $661 | 0.00% |
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.