FOVL Fees and Costs — iShares Focused Value Factor ETF
Data updated: 2025-08-26
The net expense ratio is 0.25%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0215% of average net assets, and portfolio turnover was 83%.
FOVL Fees and Expenses
Annual operating expenses and sales charges of FOVL. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| 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 |
FOVL Costs Over Time
On $10,000 invested in FOVL, assuming 5% a year before costs, total costs come to $172 over 5 years, cutting the return by 0.29% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $4 | $16 |
| Total costs | $29 | $94 | $172 |
| Value after costs | $10,471 | $11,482 | $12,590 |
| Impact on return, per year | 0.29% | 0.29% | 0.29% |
FOVL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0215%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $66.7M
- Portfolio turnover (prospectus): 83%
- Securities on loan, average value: $552K
- Net income from securities lending: $759 (0.003% of average net assets)
FOVL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $3K | 64.81% |
| Citigroup Global Markets Inc. | $851 | 17.59% |
| Goldman Sachs & Co. LLC | $164 | 3.38% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $154 | 3.18% |
| UBS Securities LLC | $146 | 3.02% |
| Jefferies LLC | $106 | 2.18% |
| RBC Capital Markets, LLC | $83 | 1.71% |
| J.P. Morgan Securities LLC | $74 | 1.52% |
| Morgan Stanley & Co. LLC | $71 | 1.47% |
| Barclays Capital Inc. | $55 | 1.14% |
FOVL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $27.5M | 41.15% |
| BofA Securities, Inc. | $18.0M | 27.04% |
| Virtu Americas LLC | $17.5M | 26.27% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $3.7M | 5.54% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $2K | 0.00% |
| Barclays Capital Inc. | $2K | 0.00% |
| Morgan Stanley & Co. LLC | $431 | 0.00% |
| UBS Securities LLC | $365 | 0.00% |
| Goldman Sachs & Co. LLC | $183 | 0.00% |
| J.P. Morgan Securities LLC | $122 | 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.