EFV Fees and Costs — iShares MSCI EAFE Value ETF
Data updated: 2026-10-13
The net expense ratio is 0.31%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2.4M in broker commissions, 0.0087% of average net assets, and portfolio turnover was 23%.
EFV Fees and Expenses
Annual operating expenses and sales charges of EFV. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.31% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.31% |
| Fee waiver | — |
| Net expense ratio | 0.31% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
EFV Costs Over Time
On $10,000 invested in EFV, assuming 5% a year before costs, total costs come to $202 over 5 years, cutting the return by 0.33% 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 0.31%) | $33 | $102 | $179 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $110 | $202 |
| Value after costs | $10,467 | $11,466 | $12,561 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
EFV 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): 0.0087%
- Total broker commissions: $2.4M
- Bought from dealers (principal trades, not a cost): $16.5B
- Portfolio turnover (prospectus): 23%
EFV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $357K | 15.70% |
| Goldman Sachs & Co. LLC | $309K | 13.60% |
| BNP Paribas Securities Corp. | $307K | 13.50% |
| UBS Securities LLC | $272K | 11.97% |
| Jefferies LLC | $257K | 11.32% |
| Barclays Capital Inc. | $232K | 10.20% |
| Morgan Stanley & Co. LLC | $203K | 8.92% |
| BofA Securities, Inc. | $169K | 7.44% |
| J.P. Morgan Securities LLC | $100K | 4.41% |
| Macquarie Capital (USA) Inc. | $67K | 2.95% |
EFV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $4.7B | 28.59% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $3.1B | 18.62% |
| UBS Securities LLC | $2.9B | 17.28% |
| Citigroup Global Markets Inc. | $2.6B | 15.64% |
| Goldman Sachs & Co. LLC | $2.2B | 13.37% |
| Morgan Stanley & Co. LLC | $436.4M | 2.64% |
| Mizuho Securities USA LLC | $250.7M | 1.52% |
| J.P. Morgan Securities LLC | $173.7M | 1.05% |
| Jane Street Capital, LLC | $122.5M | 0.74% |
| Virtu Americas LLC | $88.1M | 0.53% |
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.