EFRA Fees and Costs — iShares Environmental Infrastructure and Industrials ETF
Data updated: 2026-08-24
The net expense ratio is 0.47%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $693 in broker commissions, 0.0129% of average net assets, and portfolio turnover was 35%.
EFRA Fees and Expenses
Annual operating expenses and sales charges of EFRA. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.47% |
| Fee waiver | — |
| Net expense ratio | 0.47% |
| 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 |
EFRA Costs Over Time
On $10,000 invested in EFRA, assuming 5% a year before costs, total costs come to $305 over 5 years, cutting the return by 0.51% 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 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $167 | $305 |
| Value after costs | $10,449 | $11,409 | $12,458 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
EFRA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0129%
- Total broker commissions: $693
- Bought from dealers (principal trades, not a cost): $536K
- Portfolio turnover (prospectus): 35%
- Securities on loan, average value: $36K
- Net income from securities lending: $15 (0.000% of average net assets)
EFRA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $156 | 27.12% |
| J.P. Morgan Securities LLC | $82 | 14.17% |
| Cowen and Company, LLC | $63 | 10.98% |
| TD Securities (USA) LLC | $63 | 10.91% |
| Goldman Sachs & Co. LLC | $48 | 8.26% |
| Morgan Stanley & Co. LLC | $41 | 7.17% |
| RBC Capital Markets, LLC | $37 | 6.42% |
| BofA Securities, Inc. | $34 | 5.96% |
| Citigroup Global Markets Inc. | $33 | 5.67% |
| Barclays Capital Inc. | $19 | 3.33% |
EFRA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $535K | 99.93% |
| Goldman Sachs & Co. LLC | $204 | 0.04% |
| Citigroup Global Markets Inc. | $173 | 0.03% |
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.