TECB Fees and Costs — iShares U.S. Tech Breakthrough Multisector ETF
Data updated: 2026-10-13
The net expense ratio is 0.30%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $6K in broker commissions, 0.0014% of average net assets, and portfolio turnover was 15%.
TECB Fees and Expenses
Annual operating expenses and sales charges of TECB. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
TECB Costs Over Time
On $10,000 invested in TECB, assuming 5% a year before costs, total costs come to $191 over 5 years, cutting the return by 0.32% 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 0.30%) | $32 | $99 | $173 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $191 |
| Value after costs | $10,468 | $11,472 | $12,572 |
| Impact on return, per year | 0.32% | 0.32% | 0.32% |
TECB 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): 0.0014%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $230.9M
- Portfolio turnover (prospectus): 15%
TECB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $2K | 38.99% |
| Citigroup Global Markets Inc. | $881 | 14.46% |
| Pershing LLC | $628 | 10.31% |
| Morgan Stanley & Co. LLC | $555 | 9.12% |
| Goldman Sachs & Co. LLC | $452 | 7.42% |
| UBS Securities LLC | $382 | 6.28% |
| Instinet, LLC | $331 | 5.44% |
| Wells Fargo Securities, LLC | $196 | 3.21% |
| Jefferies LLC | $150 | 2.46% |
| RBC Capital Markets, LLC | $140 | 2.29% |
TECB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corp. | $216.4M | 93.72% |
| BlackRock Liquidity Funds T-Fund | $14.5M | 6.28% |
| Morgan Stanley & Co. LLC | $258 | 0.00% |
| BofA Securities, Inc. | $179 | 0.00% |
| Citigroup Global Markets Inc. | $23 | 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.