IEFA Fees and Costs — iShares Core MSCI EAFE ETF
Data updated: 2026-10-13
The net expense ratio is 0.07%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2.9M in broker commissions, 0.0017% of average net assets, and portfolio turnover was 3%.
IEFA Fees and Expenses
Annual operating expenses and sales charges of IEFA. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.07% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.07% |
| Fee waiver | — |
| Net expense ratio | 0.07% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
IEFA Costs Over Time
On $10,000 invested in IEFA, assuming 5% a year before costs, total costs come to $46 over 5 years, cutting the return by 0.08% 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 0.07%) | $7 | $23 | $41 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $8 | $25 | $46 |
| Value after costs | $10,492 | $11,551 | $12,717 |
| Impact on return, per year | 0.08% | 0.08% | 0.08% |
IEFA 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): 0.0017%
- Total broker commissions: $2.9M
- Bought from dealers (principal trades, not a cost): $29.3B
- Portfolio turnover (prospectus): 3%
IEFA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $485K | 18.30% |
| Goldman Sachs & Co. LLC | $345K | 13.02% |
| BNP Paribas Securities Corp. | $310K | 11.70% |
| Morgan Stanley & Co. LLC | $286K | 10.80% |
| Citigroup Global Markets Inc. | $285K | 10.76% |
| Jefferies LLC | $268K | 10.11% |
| BofA Securities, Inc. | $253K | 9.55% |
| J.P. Morgan Securities LLC | $169K | 6.36% |
| Barclays Capital Inc. | $151K | 5.70% |
| Instinet, LLC | $98K | 3.69% |
IEFA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $14.0B | 47.69% |
| Citigroup Global Markets Inc. | $7.6B | 26.04% |
| BofA Securities, Inc. | $4.4B | 15.08% |
| J.P. Morgan Securities LLC | $2.0B | 6.93% |
| Jane Street Capital, LLC | $917.5M | 3.13% |
| UBS Securities LLC | $327.2M | 1.12% |
| Morgan Stanley & Co. LLC | $1.3M | 0.00% |
| Barrenjoey Markets Pty Limited | $1.3M | 0.00% |
| Peel Hunt Inc. | $501K | 0.00% |
| Macquarie Capital (USA) Inc. | $230K | 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.