ACWI Fees and Costs — iShares MSCI ACWI ETF
Data updated: 2026-10-13
The net expense ratio is 0.32%: a 0.31% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $776K in broker commissions, 0.0028% of average net assets, and portfolio turnover was 3%.
ACWI Fees and Expenses
Annual operating expenses and sales charges of ACWI. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.31% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.32% |
| Fee waiver | — |
| Net expense ratio | 0.32% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
ACWI Costs Over Time
On $10,000 invested in ACWI, assuming 5% a year before costs, total costs come to $205 over 5 years, cutting the return by 0.34% 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 0.32%) | $34 | $106 | $184 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $34 | $112 | $205 |
| Value after costs | $10,466 | $11,465 | $12,558 |
| Impact on return, per year | 0.34% | 0.34% | 0.34% |
ACWI 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): 0.0028%
- Total broker commissions: $776K
- Bought from dealers (principal trades, not a cost): $11.0B
- Portfolio turnover (prospectus): 3%
ACWI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $319K | 44.97% |
| BofA Securities, Inc. | $123K | 17.37% |
| UBS Securities LLC | $63K | 8.90% |
| Morgan Stanley & Co. LLC | $55K | 7.83% |
| J.P. Morgan Securities LLC | $46K | 6.56% |
| Goldman Sachs & Co. LLC | $37K | 5.21% |
| Macquarie Capital (USA) Inc. | $19K | 2.68% |
| BNP Paribas Securities Corp. | $16K | 2.28% |
| Jefferies LLC | $16K | 2.20% |
| Barclays Capital Inc. | $14K | 1.99% |
ACWI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $6.1B | 55.50% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $2.0B | 18.36% |
| BofA Securities, Inc. | $1.9B | 16.95% |
| UBS Securities LLC | $609.8M | 5.56% |
| Goldman Sachs & Co. LLC | $398.1M | 3.63% |
| J.P. Morgan Securities LLC | $22 | 0.00% |
| Morgan Stanley & Co. LLC | $10 | 0.00% |
| Jefferies LLC | $1 | 0.00% |
| Agora Corretora de Titulos e Valores Mobiliarios S.A. | $1 | 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.