PABD Fees and Costs — iShares Paris-Aligned Climate Optimized MSCI World ex USA ETF
Data updated: 2026-07-27
The net expense ratio is 0.12%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12K in broker commissions, 0.0109% of average net assets, and portfolio turnover was 18%.
PABD Fees and Expenses
Annual operating expenses and sales charges of PABD. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.12% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.12% |
| Fee waiver | — |
| Net expense ratio | 0.12% |
| 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 |
PABD Costs Over Time
On $10,000 invested in PABD, assuming 5% a year before costs, total costs come to $83 over 5 years, cutting the return by 0.14% 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 0.12%) | $13 | $40 | $69 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $14 | $45 | $83 |
| Value after costs | $10,486 | $11,531 | $12,680 |
| Impact on return, per year | 0.14% | 0.14% | 0.14% |
PABD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0109%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $167.9M
- Portfolio turnover (prospectus): 18%
- Securities on loan, average value: $225K
- Net income from securities lending: $267 (0.000% of average net assets)
PABD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $3K | 28.17% |
| Jefferies LLC | $2K | 20.08% |
| BofA Securities, Inc. | $909 | 8.89% |
| Barclays Capital Inc. | $824 | 8.05% |
| Goldman Sachs & Co. LLC | $819 | 8.01% |
| UBS Securities LLC | $750 | 7.34% |
| Citigroup Global Markets Inc. | $706 | 6.91% |
| Nomura Securities International, Inc. | $549 | 5.37% |
| Morgan Stanley & Co. LLC | $377 | 3.69% |
| J.P. Morgan Securities LLC | $357 | 3.49% |
PABD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $132.5M | 79.03% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $26.9M | 16.08% |
| UBS Securities LLC | $7.7M | 4.62% |
| Jane Street Capital, LLC | $401K | 0.24% |
| HSBC Securities (USA) Inc. | $53K | 0.03% |
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.