TEXN Fees and Costs — iShares Texas Equity ETF
Data updated: 2026-08-24
The net expense ratio is 0.20%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $368 in broker commissions, 0.0028% of average net assets.
TEXN Fees and Expenses
Annual operating expenses and sales charges of TEXN. Prospectus, as of May 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| 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 |
TEXN Costs Over Time
On $10,000 invested in TEXN, assuming 5% a year before costs, total costs come to $129 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $70 | $129 |
| Value after costs | $10,479 | $11,506 | $12,634 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
TEXN Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0028%
- Total broker commissions: $368
- Bought from dealers (principal trades, not a cost): $19.7M
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $12K
- Net income from securities lending: $47 (0.000% of average net assets)
TEXN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $46 | 16.60% |
| BofA Securities, Inc. | $40 | 14.46% |
| Citigroup Global Markets Inc. | $35 | 12.73% |
| Barclays Capital Inc. | $32 | 11.46% |
| Jefferies LLC | $28 | 10.06% |
| Goldman Sachs & Co. LLC | $25 | 9.13% |
| BNP Paribas Securities Corp. | $21 | 7.43% |
| CastleOak Securities, L.P. | $17 | 6.32% |
| J.P. Morgan Securities LLC | $17 | 6.21% |
| Cowen and Company, LLC | $15 | 5.60% |
TEXN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $6.4M | 32.59% |
| UBS Securities LLC | $5.0M | 25.54% |
| ABN Amro Securities (USA) LLC | $4.2M | 21.47% |
| Virtu Americas LLC | $3.0M | 15.23% |
| Citadel Securities LLC | $1.0M | 5.10% |
| BNP Paribas Securities Corp. | $5K | 0.02% |
| Goldman Sachs & Co. LLC | $4K | 0.02% |
| Barclays Capital Inc. | $2K | 0.01% |
| Morgan Stanley & Co. LLC | $1K | 0.01% |
| J.P. Morgan Securities LLC | $749 | 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.