C000171206 Fees and Costs — iShares Edge MSCI Min Vol EAFE Index Fund, Class K
Data updated: 2020-12-28
The net expense ratio is 0.15%: a 0.08% management fee plus 0.17% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $21K in broker commissions, 0.0135% of average net assets, and portfolio turnover was 29%.
C000171206 Fees and Expenses
Annual operating expenses and sales charges of C000171206. Prospectus, as of November 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.08% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.25% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.15% |
| 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 |
C000171206 Costs Over Time
On $10,000 invested in C000171206, assuming 5% a year before costs, total costs come to $104 over 5 years, cutting the return by 0.17% 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 0.15%) | $16 | $50 | $87 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $3 | $9 |
| Total costs | $17 | $57 | $104 |
| Value after costs | $10,483 | $11,520 | $12,659 |
| Impact on return, per year | 0.17% | 0.17% | 0.17% |
C000171206 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): 0.0135%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $74.0M
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $824K
- Net income from securities lending: $7K (0.005% of average net assets)
C000171206 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bofa Securities, Inc. | $5K | 25.36% |
| Instinet, LLC | $3K | 15.31% |
| Morgan Stanley & Co. LLC | $2K | 13.34% |
| Goldman Sachs & Co. LLC | $2K | 10.32% |
| J.P. Morgan Securities LLC | $2K | 9.57% |
| UBS Securities LLC | $1K | 6.92% |
| CLSA Americas, LLC | $1K | 5.47% |
| Macquarie Capital (USA) Inc. | $956 | 5.18% |
| HSBC Securities (USA) Inc. | $796 | 4.31% |
| Societe Generale | $775 | 4.20% |
C000171206 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $73.7M | 100.00% |
| Shinhan Investment Corp. | $116 | 0.00% |
| HSBC Securities (USA) Inc. | $10 | 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.