BKF Fees and Costs — iShares MSCI BIC ETF
Data updated: 2026-07-27
The net expense ratio is 0.72%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $10K in broker commissions, 0.0134% of average net assets, and portfolio turnover was 13%.
BKF Fees and Expenses
Annual operating expenses and sales charges of BKF. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.72% |
| Fee waiver | — |
| Net expense ratio | 0.72% |
| 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 |
BKF Costs Over Time
On $10,000 invested in BKF, assuming 5% a year before costs, total costs come to $461 over 5 years, cutting the return by 0.77% 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 0.72%) | $76 | $237 | $411 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $253 | $461 |
| Value after costs | $10,423 | $11,323 | $12,302 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
BKF 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): 0.0134%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $28.4M
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $529K
- Net income from securities lending: $8K (0.011% of average net assets)
BKF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $3K | 32.52% |
| UBS Securities LLC | $2K | 24.45% |
| Goldman Sachs & Co. LLC | $864 | 8.96% |
| HSBC Securities (USA) Inc. | $839 | 8.69% |
| CLSA Americas, LLC | $695 | 7.20% |
| Morgan Stanley & Co. LLC | $450 | 4.67% |
| BofA Securities, Inc. | $406 | 4.21% |
| Barclays Capital Inc. | $348 | 3.60% |
| Macquarie Capital (USA) Inc. | $299 | 3.10% |
| Citigroup Global Markets Inc. | $252 | 2.61% |
BKF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $25.7M | 90.59% |
| J.P. Morgan Securities LLC | $1.9M | 6.80% |
| Citigroup Global Markets Inc. | $552K | 1.95% |
| UBS Securities LLC | $182K | 0.64% |
| SG Americas Securities, LLC | $7K | 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.