AQLT Fees and Costs — iShares MSCI Global Quality Factor ETF
Data updated: 2026-07-27
The net expense ratio is 0.20% (0.22% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $16K in broker commissions, 0.0088% of average net assets, and portfolio turnover was 22%.
AQLT Fees and Expenses
Annual operating expenses and sales charges of AQLT. 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 | 0.22% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.20% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
AQLT Costs Over Time
On $10,000 invested in AQLT, assuming 5% a year before costs, total costs come to $133 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 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $72 | $133 |
| Value after costs | $10,478 | $11,504 | $12,630 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
AQLT 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): 0.0088%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $212.5M
- Portfolio turnover (prospectus): 22%
- Securities on loan, average value: $57K
- Net income from securities lending: $118 (0.000% of average net assets)
AQLT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2K | 15.66% |
| CLSA Americas, LLC | $2K | 15.29% |
| BofA Securities, Inc. | $2K | 14.75% |
| Morgan Stanley & Co. LLC | $2K | 13.11% |
| HSBC Securities (USA) Inc. | $1K | 9.64% |
| Goldman Sachs & Co. LLC | $1K | 8.23% |
| UBS Securities LLC | $1K | 6.81% |
| Citigroup Global Markets Inc. | $985 | 6.68% |
| Jefferies LLC | $852 | 5.77% |
| Barclays Capital Inc. | $600 | 4.07% |
AQLT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $175.4M | 82.55% |
| J.P. Morgan Securities LLC | $16.0M | 7.51% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $11.7M | 5.51% |
| UBS Securities LLC | $7.0M | 3.31% |
| Goldman Sachs & Co. LLC | $2.4M | 1.12% |
| Morgan Stanley & Co. LLC | $2K | 0.00% |
| Citigroup Global Markets Inc. | $787 | 0.00% |
| Barclays Capital Inc. | $413 | 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.