C000140236 Fees and Costs — iShares Edge MSCI Min Vol Japan ETF
Data updated: 2020-10-14
The net expense ratio is 0.30%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $3K in broker commissions, 0.0090% of average net assets, and portfolio turnover was 23%.
C000140236 Fees and Expenses
Annual operating expenses and sales charges of C000140236. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| 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 |
C000140236 Costs Over Time
On $10,000 invested in C000140236, assuming 5% a year before costs, total costs come to $196 over 5 years, cutting the return by 0.32% 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 0.30%) | $32 | $99 | $173 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $32 | $107 | $196 |
| Value after costs | $10,468 | $11,469 | $12,567 |
| Impact on return, per year | 0.32% | 0.32% | 0.32% |
C000140236 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0090%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $13.8M
- Portfolio turnover (prospectus): 23%
- Securities on loan, average value: $22K
- Net income from securities lending: $73 (0.000% of average net assets)
C000140236 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $478 | 18.92% |
| Bofa Securities, Inc. | $467 | 18.50% |
| Morgan Stanley & Co. LLC | $414 | 16.40% |
| Goldman Sachs & Co. LLC | $395 | 15.63% |
| J.P. Morgan Securities LLC | $186 | 7.37% |
| Haitong International Securities (USA) Inc. | $168 | 6.67% |
| Societe Generale | $156 | 6.19% |
| UBS Securities LLC | $116 | 4.59% |
| CLSA Americas, LLC | $101 | 4.00% |
| Macquarie Capital (USA) Inc. | $43 | 1.72% |
C000140236 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $10.8M | 78.21% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $3.0M | 21.79% |
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.