USRT Fees and Costs — iShares Core U.S. REIT ETF
Data updated: 2026-09-25
The net expense ratio is 0.08%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $124K in broker commissions, 0.0039% of average net assets, and portfolio turnover was 12%.
USRT Fees and Expenses
Annual operating expenses and sales charges of USRT. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.08% |
| Fee waiver | — |
| Net expense ratio | 0.08% |
| 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 |
USRT Costs Over Time
On $10,000 invested in USRT, assuming 5% a year before costs, total costs come to $53 over 5 years, cutting the return by 0.09% 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 0.08%) | $8 | $26 | $46 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $9 | $29 | $53 |
| Value after costs | $10,491 | $11,547 | $12,709 |
| Impact on return, per year | 0.09% | 0.09% | 0.09% |
USRT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0039%
- Total broker commissions: $124K
- Bought from dealers (principal trades, not a cost): $309.1M
- Portfolio turnover (prospectus): 12%
- Securities on loan, average value: $4.1M
- Net income from securities lending: $12K (0.000% of average net assets)
USRT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $22K | 21.79% |
| MORGAN STANLEY & CO. LLC | $13K | 12.94% |
| WELLS FARGO SECURITIES, LLC | $13K | 12.48% |
| OPPENHEIMER & CO. INC. | $10K | 10.19% |
| BOFA SECURITIES, INC. | $10K | 10.08% |
| CANTOR FITZGERALD & CO. | $8K | 8.37% |
| JEFFERIES LLC | $7K | 7.27% |
| BNP PARIBAS SECURITIES CORP. | $6K | 6.46% |
| BARCLAYS CAPITAL, INC. | $5K | 5.30% |
| GOLDMAN SACHS & CO. LLC | $5K | 5.11% |
USRT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BLACKROCK FUNDS III - BlackRock Cash Funds: Treasury | $309.1M | 100.00% |
| Goldman Sachs & Co. LLC | $40 | 0.00% |
| MORGAN STANLEY & CO. LLC | $36 | 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.