ACWV Fees and Costs — iShares MSCI Global Min Vol Factor ETF
Data updated: 2026-07-27
The net expense ratio is 0.20%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $438K in broker commissions, 0.0116% of average net assets, and portfolio turnover was 27%.
ACWV Fees and Expenses
Annual operating expenses and sales charges of ACWV. Prospectus, as of August 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 |
ACWV Costs Over Time
On $10,000 invested in ACWV, assuming 5% a year before costs, total costs come to $134 over 5 years, cutting the return by 0.22% 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) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $73 | $134 |
| Value after costs | $10,478 | $11,503 | $12,628 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
ACWV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0116%
- Total broker commissions: $438K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $15.8M
- Net income from securities lending: $52K (0.001% of average net assets)
ACWV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $92K | 23.58% |
| Morgan Stanley & Co. LLC | $82K | 21.10% |
| BofA Securities, Inc. | $55K | 14.20% |
| J.P. Morgan Securities LLC | $46K | 11.78% |
| Goldman Sachs & Co. LLC | $27K | 6.92% |
| BNP Paribas Securities Corp. | $21K | 5.45% |
| Jefferies LLC | $19K | 4.89% |
| CLSA Americas, LLC | $17K | 4.37% |
| Citigroup Global Markets Inc. | $15K | 3.94% |
| Barclays Capital Inc. | $15K | 3.77% |
ACWV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $768.5M | 49.64% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $422.2M | 27.27% |
| BofA Securities, Inc. | $280.2M | 18.10% |
| J.P. Morgan Securities LLC | $76.9M | 4.97% |
| Citigroup Global Markets Inc. | $486K | 0.03% |
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.