ICOP Fees and Costs — iShares Copper and Metals Mining 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 $45K in broker commissions, 0.0274% of average net assets, and portfolio turnover was 37%.
ICOP Fees and Expenses
Annual operating expenses and sales charges of ICOP. 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 |
ICOP Costs Over Time
On $10,000 invested in ICOP, assuming 5% a year before costs, total costs come to $314 over 5 years, cutting the return by 0.52% 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) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $172 | $314 |
| Value after costs | $10,448 | $11,404 | $12,449 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
ICOP 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): 0.0274%
- Total broker commissions: $45K
- Bought from dealers (principal trades, not a cost): $360.0M
- Portfolio turnover (prospectus): 37%
- Securities on loan, average value: $222.0M
- Net income from securities lending: $16K (0.010% of average net assets)
ICOP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $5K | 13.88% |
| Morgan Stanley & Co. LLC | $5K | 13.82% |
| UBS Securities LLC | $5K | 13.35% |
| Raymond James & Associates, Inc. | $4K | 11.63% |
| TD Securities (USA) LLC | $3K | 9.34% |
| RBC Capital Markets, LLC | $3K | 9.26% |
| Goldman Sachs & Co. LLC | $3K | 8.61% |
| National Bank of Canada Financial Inc. | $2K | 7.19% |
| BTG Pactual US Capital, LLC | $2K | 7.05% |
| Cowen and Company, LLC | $2K | 5.86% |
ICOP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $288.7M | 80.20% |
| BofA Securities, Inc. | $30.6M | 8.51% |
| UBS Securities LLC | $22.9M | 6.35% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $17.8M | 4.93% |
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.