EUSA Fees and Costs — iShares MSCI USA Equal Weighted ETF
Data updated: 2026-07-27
The net expense ratio is 0.09%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $48K in broker commissions, 0.0040% of average net assets, and portfolio turnover was 31%.
EUSA Fees and Expenses
Annual operating expenses and sales charges of EUSA. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.09% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.09% |
| Fee waiver | — |
| Net expense ratio | 0.09% |
| 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 |
EUSA Costs Over Time
On $10,000 invested in EUSA, assuming 5% a year before costs, total costs come to $60 over 5 years, cutting the return by 0.10% 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 0.09%) | $9 | $30 | $52 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $2 | $5 |
| Total costs | $10 | $33 | $60 |
| Value after costs | $10,490 | $11,544 | $12,703 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
EUSA 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): 0.0040%
- Total broker commissions: $48K
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $26.6M
- Net income from securities lending: $59K (0.005% of average net assets)
EUSA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $5K | 13.79% |
| Goldman Sachs & Co. LLC | $5K | 13.61% |
| BofA Securities, Inc. | $5K | 13.44% |
| UBS Securities LLC | $5K | 12.05% |
| Citigroup Global Markets Inc. | $5K | 11.94% |
| RBC Capital Markets, LLC | $4K | 10.55% |
| BNP Paribas Securities Corp. | $3K | 6.67% |
| J.P. Morgan Securities LLC | $2K | 6.22% |
| Morgan Stanley & Co. LLC | $2K | 5.94% |
| Cowen and Company, LLC | $2K | 5.78% |
EUSA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $199.4M | 20.20% |
| Citadel Securities LLC | $196.3M | 19.89% |
| Virtu Americas LLC | $161.6M | 16.38% |
| Jane Street Capital, LLC | $130.4M | 13.21% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $81.0M | 8.20% |
| J.P. Morgan Securities LLC | $80.9M | 8.20% |
| Goldman Sachs & Co. LLC | $61.9M | 6.27% |
| Citigroup Global Markets Inc. | $61.9M | 6.27% |
| ABN Amro Securities (USA) LLC | $8.9M | 0.90% |
| RBC Capital Markets, LLC | $4.7M | 0.48% |
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.