EFAV Fees and Costs — iShares MSCI EAFE Min Vol Factor ETF
Data updated: 2026-10-13
The net expense ratio is 0.20%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $391K in broker commissions, 0.0073% of average net assets, and portfolio turnover was 24%.
EFAV Fees and Expenses
Annual operating expenses and sales charges of EFAV. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
EFAV Costs Over Time
On $10,000 invested in EFAV, assuming 5% a year before costs, total costs come to $132 over 5 years, cutting the return by 0.22% 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 0.20%) | $21 | $66 | $116 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $72 | $132 |
| Value after costs | $10,478 | $11,504 | $12,631 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
EFAV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0073%
- Total broker commissions: $391K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 24%
EFAV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $77K | 21.07% |
| BNP Paribas Securities Corp. | $43K | 11.90% |
| Goldman Sachs & Co. LLC | $41K | 11.18% |
| UBS Securities LLC | $41K | 11.11% |
| Citigroup Global Markets Inc. | $38K | 10.53% |
| Morgan Stanley & Co. LLC | $32K | 8.77% |
| BofA Securities, Inc. | $32K | 8.77% |
| Barclays Capital Inc. | $31K | 8.47% |
| J.P. Morgan Securities LLC | $18K | 4.84% |
| Instinet, LLC | $12K | 3.38% |
EFAV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $552.6M | 34.14% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $477.4M | 29.50% |
| BofA Securities, Inc. | $380.5M | 23.51% |
| Citigroup Global Markets Inc. | $75.6M | 4.67% |
| J.P. Morgan Securities LLC | $67.2M | 4.15% |
| Goldman Sachs & Co. LLC | $41.1M | 2.54% |
| Jane Street Capital, LLC | $24.3M | 1.50% |
| Macquarie Capital (USA) Inc. | $3 | 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.