C000171201 Fees and Costs — iShares Edge MSCI Min Vol USA Index Fund, Class K
Data updated: 2020-12-28
The net expense ratio is 0.14%: a 0.04% management fee plus 0.47% other expenses, less a 0.38% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $18K in broker commissions, 0.0349% of average net assets, and portfolio turnover was 105%.
C000171201 Fees and Expenses
Annual operating expenses and sales charges of C000171201. Prospectus, as of November 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.04% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.47% |
| Gross expense ratio | 0.52% |
| Fee waiver | −0.38% |
| Net expense ratio | 0.14% |
| 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 |
C000171201 Costs Over Time
On $10,000 invested in C000171201, assuming 5% a year before costs, total costs come to $111 over 5 years, cutting the return by 0.18% 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 0.14%) | $15 | $46 | $81 |
| Trading costs (broker commissions) | $4 | $12 | $20 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $18 | $61 | $111 |
| Value after costs | $10,482 | $11,516 | $12,652 |
| Impact on return, per year | 0.18% | 0.18% | 0.18% |
C000171201 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): 0.0349%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $165.5M
- Portfolio turnover (prospectus): 105%
- Securities on loan, average value: $337K
- Net income from securities lending: $2K (0.005% of average net assets)
C000171201 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse Securities (USA) LLC | $4K | 21.12% |
| J.P. Morgan Securities LLC | $3K | 18.16% |
| UBS Securities LLC | $3K | 15.89% |
| Bofa Securities, Inc. | $2K | 10.85% |
| Citigroup Global Markets Inc. | $2K | 10.51% |
| Barclays Capital Inc. | $2K | 9.27% |
| Morgan Stanley & Co. LLC | $1K | 7.16% |
| Wells Fargo Securities, LLC | $584 | 3.26% |
| RBC Capital Markets, LLC | $379 | 2.12% |
| Goldman Sachs & Co. LLC | $297 | 1.66% |
C000171201 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $165.4M | 99.99% |
| Citigroup Global Markets Inc. | $16K | 0.01% |
| Credit Suisse Securities (USA) LLC | $4K | 0.00% |
| J.P. Morgan Securities LLC | $1K | 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.