C000171194 Fees and Costs — iShares Edge MSCI Multifactor USA Index Fund, Class K
Data updated: 2020-12-28
The net expense ratio is 0.21%: a 0.20% management fee plus 1.20% other expenses, less a 1.20% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $2K in broker commissions, 0.0164% of average net assets, and portfolio turnover was 58%.
C000171194 Fees and Expenses
Annual operating expenses and sales charges of C000171194. Prospectus, as of November 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.20% |
| Gross expense ratio | 1.41% |
| Fee waiver | −1.20% |
| Net expense ratio | 0.21% |
| 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 | Yes |
C000171194 Costs Over Time
On $10,000 invested in C000171194, assuming 5% a year before costs, total costs come to $144 over 5 years, cutting the return by 0.24% 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 0.21%) | $22 | $69 | $121 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $24 | $78 | $144 |
| Value after costs | $10,476 | $11,498 | $12,619 |
| Impact on return, per year | 0.24% | 0.24% | 0.24% |
C000171194 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): 0.0164%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $4.9M
- Portfolio turnover (prospectus): 58%
- Securities on loan, average value: $225K
- Net income from securities lending: $1K (0.008% of average net assets)
C000171194 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $664 | 30.34% |
| Morgan Stanley & Co. LLC | $451 | 20.58% |
| UBS Securities LLC | $249 | 11.36% |
| Bofa Securities, Inc. | $241 | 10.99% |
| Citigroup Global Markets Inc. | $187 | 8.54% |
| Credit Suisse Securities (USA) LLC | $139 | 6.35% |
| Goldman Sachs & Co. LLC | $115 | 5.26% |
| J.P. Morgan Securities LLC | $76 | 3.46% |
| Wells Fargo Securities, LLC | $43 | 1.97% |
| Cowen and Company, LLC | $25 | 1.15% |
C000171194 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $4.9M | 99.70% |
| Bofa Securities, Inc. | $6K | 0.11% |
| UBS Securities LLC | $5K | 0.11% |
| Morgan Stanley & Co. LLC | $4K | 0.07% |
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.