SYSB Fees and Costs — iShares Systematic Bond ETF
Data updated: 2026-09-25
The net expense ratio is 0.25%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0050% of average net assets, and portfolio turnover was 567%.
SYSB Fees and Expenses
Annual operating expenses and sales charges of SYSB. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| 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 |
SYSB Costs Over Time
On $10,000 invested in SYSB, assuming 5% a year before costs, total costs come to $162 over 5 years, cutting the return by 0.27% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $27 | $88 | $162 |
| Value after costs | $10,473 | $11,488 | $12,601 |
| Impact on return, per year | 0.27% | 0.27% | 0.27% |
SYSB 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): 0.0050%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 567%
- Securities on loan, average value: $5.3M
- Net income from securities lending: $23K (0.031% of average net assets)
SYSB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4K | 99.06% |
| TD Securities (USA) LLC | $35 | 0.94% |
SYSB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $295.2M | 27.61% |
| BofA Securities, Inc. | $278.4M | 26.05% |
| J.P. Morgan Securities LLC | $124.4M | 11.64% |
| Goldman Sachs & Co. LLC | $119.0M | 11.13% |
| Barclays Capital Inc. | $89.6M | 8.38% |
| BlackRock Funds III - BlackRock Cash Funds: Institutional | $61.1M | 5.72% |
| Wells Fargo Securities, LLC | $40.3M | 3.77% |
| Jane Street Capital, LLC | $26.5M | 2.48% |
| BNP Paribas Securities Corp. | $22.6M | 2.12% |
| Nomura Securities International, Inc. | $11.7M | 1.10% |
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.