SHV Fees and Costs — iShares 0-1 Year Treasury Bond ETF
Data updated: 2026-07-24
The net expense ratio is 0.15%. There are no sales loads or redemption fees. Portfolio turnover was 115%.
SHV Fees and Expenses
Annual operating expenses and sales charges of SHV. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| Net expense ratio | 0.15% |
| 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 |
SHV Costs Over Time
On $10,000 invested in SHV, assuming 5% a year before costs, total costs come to $95 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $16 | $52 | $95 |
| Value after costs | $10,484 | $11,524 | $12,667 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
SHV 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): $92.0B
- Portfolio turnover (prospectus): 115%
- Securities on loan, average value: $1.4B
- Net income from securities lending: $3.9M (0.019% of average net assets)
SHV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $48.7B | 53.63% |
| BlackRock Liquidity Funds T-Fund | $11.4B | 12.56% |
| Goldman Sachs & Co. LLC | $9.9B | 10.95% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $5.1B | 5.64% |
| Wells Fargo Securities, LLC | $4.1B | 4.47% |
| BMO Capital Markets Corp. | $3.1B | 3.37% |
| J.P. Morgan Securities LLC | $2.9B | 3.22% |
| RBC Capital Markets, LLC | $2.5B | 2.78% |
| Nomura Securities International, Inc. | $1.6B | 1.79% |
| TD SECURITIES (USA) LLC | $1.4B | 1.59% |
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.