MAXJ Fees and Costs — iShares Large Cap Max Buffer Jun ETF
Data updated: 2026-10-13
The net expense ratio is 0.50% (0.53% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $7K in broker commissions, 0.0046% of average net assets, and portfolio turnover was 1%.
MAXJ Fees and Expenses
Annual operating expenses and sales charges of MAXJ. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.53% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
MAXJ Costs Over Time
On $10,000 invested in MAXJ, assuming 5% a year before costs, total costs come to $319 over 5 years, cutting the return by 0.53% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $0 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $174 | $319 |
| Value after costs | $10,447 | $11,402 | $12,444 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
MAXJ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0046%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $52.1M
- Portfolio turnover (prospectus): 1%
MAXJ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $5K | 70.40% |
| UBS Securities LLC | $913 | 12.68% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $604 | 8.39% |
| J.P. Morgan Securities LLC | $243 | 3.37% |
| BOFA SECURITIES, INC. | $184 | 2.55% |
| CitiGroup Global Markets Inc. | $106 | 1.47% |
| MORGAN STANLEY & CO. LLC | $45 | 0.62% |
| TD SECURITIES (USA) LLC | $13 | 0.18% |
| BNP Paribas Securities Corp. | $12 | 0.17% |
| BARCLAYS CAPITAL, INC. | $12 | 0.17% |
MAXJ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BLACKROCK FUNDS III - BlackRock Cash Funds: Treasury | $32.0M | 61.41% |
| BOFA SECURITIES, INC. | $18.7M | 35.80% |
| Goldman Sachs & Co. LLC | $1.5M | 2.79% |
| BNP PARIBAS SECURITIES CORP. | $695 | 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.