BlackRock will waive a portion of the Sponsor’s Fee for the first 12 months commencing on January 11, 2024,
so that the fee will be 0.12% of the net asset value of the Trust for the first $5.0 billion of the Trust’s assets
If the fund exceeds $5.0 billion of the Trust’s assets prior to the end of the 12-month period,
the Sponsor’s Fee charged on assets over $5.0 billion will be 0.25%
All investors will incur the same Sponsor’s Fee which is the weighted average of those fee rates
After the 12-month waiver period is over, the Sponsor’s Fee will be 0.25%.
BlackRock is the world’s largest ETF manager by AUM, managing $3.5T in global ETF investment vehicles as of December 31, 2023.
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