C000050170 Fees and Costs — iShares Europe Developed Real Estate ETF
Data updated: 2020-09-08
The net expense ratio is 0.48%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $998 in broker commissions, 0.0038% of average net assets, and portfolio turnover was 13%.
C000050170 Fees and Expenses
Annual operating expenses and sales charges of C000050170. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.48% |
| Fee waiver | — |
| Net expense ratio | 0.48% |
| 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 |
C000050170 Costs Over Time
On $10,000 invested in C000050170, assuming 5% a year before costs, total costs come to $306 over 5 years, cutting the return by 0.51% 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 0.48%) | $50 | $158 | $276 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $167 | $306 |
| Value after costs | $10,449 | $11,409 | $12,457 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
C000050170 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0038%
- Total broker commissions: $998
- Bought from dealers (principal trades, not a cost): $8.2M
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $174K
- Net income from securities lending: $8K (0.031% of average net assets)
C000050170 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $156 | 17.76% |
| Barclays Capital Inc. | $149 | 17.01% |
| Jefferies LLC | $134 | 15.27% |
| Instinet, LLC | $127 | 14.43% |
| Goldman Sachs & Co. LLC | $102 | 11.58% |
| HSBC Securities (USA) Inc. | $76 | 8.70% |
| Virtu Itg LLC | $44 | 4.99% |
| Citigroup Global Markets Inc. | $35 | 3.94% |
| Bofa Securities, Inc. | $30 | 3.47% |
| Societe Generale | $25 | 2.85% |
C000050170 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $3.7M | 47.44% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $2.8M | 35.47% |
| J.P. Morgan Securities LLC | $1.3M | 17.08% |
| Citigroup Global Markets Inc. | $116 | 0.00% |
| Instinet, LLC | $110 | 0.00% |
| Kepler Cheuvreux | $12 | 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.