EEMV Fees and Costs — iShares MSCI Emerging Markets Min Vol Factor ETF
Data updated: 2026-07-27
The net expense ratio is 0.25%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.6M in broker commissions, 0.0374% of average net assets, and portfolio turnover was 32%.
EEMV Fees and Expenses
Annual operating expenses and sales charges of EEMV. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| 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 |
EEMV Costs Over Time
On $10,000 invested in EEMV, assuming 5% a year before costs, total costs come to $182 over 5 years, cutting the return by 0.30% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $4 | $12 | $22 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $30 | $100 | $182 |
| Value after costs | $10,470 | $11,477 | $12,580 |
| Impact on return, per year | 0.30% | 0.30% | 0.30% |
EEMV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0374%
- Total broker commissions: $1.6M
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 32%
- Securities on loan, average value: $26.2M
- Net income from securities lending: $170K (0.004% of average net assets)
EEMV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $384K | 25.41% |
| Morgan Stanley & Co. LLC | $372K | 24.62% |
| UBS Securities LLC | $260K | 17.19% |
| CLSA Americas, LLC | $119K | 7.87% |
| Goldman Sachs & Co. LLC | $111K | 7.33% |
| BofA Securities, Inc. | $80K | 5.29% |
| Macquarie Capital (USA) Inc. | $66K | 4.33% |
| HSBC Securities (USA) Inc. | $46K | 3.06% |
| Jefferies LLC | $37K | 2.46% |
| Santander Securities LLC | $37K | 2.44% |
EEMV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $910.7M | 88.35% |
| J.P. Morgan Securities LLC | $68.1M | 6.60% |
| UBS Securities LLC | $40.2M | 3.90% |
| BofA Securities, Inc. | $7.0M | 0.68% |
| Citigroup Global Markets Inc. | $4.8M | 0.47% |
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.