ACWX Fees and Costs — iShares MSCI ACWI ex U.S. 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 $797K in broker commissions, 0.0090% of average net assets, and portfolio turnover was 5%.
ACWX Fees and Expenses
Annual operating expenses and sales charges of ACWX. 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 | — |
ACWX Costs Over Time
On $10,000 invested in ACWX, assuming 5% a year before costs, total costs come to $209 over 5 years, cutting the return by 0.35% 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) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $35 | $114 | $209 |
| Value after costs | $10,465 | $11,462 | $12,554 |
| Impact on return, per year | 0.35% | 0.35% | 0.35% |
ACWX 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): 0.0090%
- Total broker commissions: $797K
- Bought from dealers (principal trades, not a cost): $3.8B
- Portfolio turnover (prospectus): 5%
ACWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $279K | 37.04% |
| BofA Securities, Inc. | $132K | 17.51% |
| UBS Securities LLC | $118K | 15.61% |
| Morgan Stanley & Co. LLC | $52K | 6.94% |
| J.P. Morgan Securities LLC | $39K | 5.19% |
| Goldman Sachs & Co. LLC | $34K | 4.58% |
| CLSA Americas, LLC | $30K | 4.04% |
| BNP Paribas Securities Corp. | $28K | 3.65% |
| Jefferies LLC | $21K | 2.75% |
| Macquarie Capital (USA) Inc. | $20K | 2.68% |
ACWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $1.4B | 36.84% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $1.3B | 33.30% |
| BofA Securities, Inc. | $566.5M | 15.06% |
| UBS Securities LLC | $504.9M | 13.42% |
| Goldman Sachs & Co. LLC | $51.8M | 1.38% |
| Morgan Stanley & Co. LLC | $12 | 0.00% |
| J.P. Morgan Securities LLC | $11 | 0.00% |
| Agora Corretora de Titulos e Valores Mobiliarios S.A. | $2 | 0.00% |
| Jefferies LLC | $2 | 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.