ESMV Fees and Costs — iShares ESG Optimized MSCI USA Min Vol Factor ETF
Data updated: 2026-10-13
The net expense ratio is 0.18%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $221 in broker commissions, 0.0030% of average net assets, and portfolio turnover was 24%.
ESMV Fees and Expenses
Annual operating expenses and sales charges of ESMV. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.18% |
| Fee waiver | — |
| Net expense ratio | 0.18% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
ESMV Costs Over Time
On $10,000 invested in ESMV, assuming 5% a year before costs, total costs come to $116 over 5 years, cutting the return by 0.19% 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 0.18%) | $19 | $59 | $104 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $3 | $11 |
| Total costs | $19 | $63 | $116 |
| Value after costs | $10,481 | $11,513 | $12,646 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
ESMV 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): 0.0030%
- Total broker commissions: $221
- Bought from dealers (principal trades, not a cost): $2.1M
- Portfolio turnover (prospectus): 24%
ESMV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $32 | 16.73% |
| BNP Paribas Securities Corp. | $32 | 16.63% |
| J.P. Morgan Securities LLC | $31 | 15.96% |
| Citigroup Global Markets Inc. | $26 | 13.58% |
| Goldman Sachs & Co. LLC | $21 | 11.11% |
| Oppenheimer & Co. Inc. | $14 | 7.57% |
| Instinet, LLC | $11 | 5.71% |
| Barclays Capital Inc. | $10 | 5.10% |
| UBS Securities LLC | $8 | 4.00% |
| Morgan Stanley & Co. LLC | $7 | 3.61% |
ESMV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| ABN Amro Securities (USA) LLC | $1.4M | 70.08% |
| Citigroup Global Markets Inc. | $557K | 26.93% |
| BofA Securities, Inc. | $19K | 0.91% |
| J.P. Morgan Securities LLC | $12K | 0.56% |
| Morgan Stanley & Co. LLC | $11K | 0.51% |
| BNP Paribas Securities Corp. | $7K | 0.32% |
| Goldman Sachs & Co. LLC | $6K | 0.28% |
| UBS Securities LLC | $5K | 0.22% |
| Barclays Capital Inc. | $4K | 0.17% |
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.