IEMG Fees and Costs — iShares Core MSCI Emerging Markets 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 $9.0M in broker commissions, 0.0105% of average net assets, and portfolio turnover was 6%.
IEMG Fees and Expenses
Annual operating expenses and sales charges of IEMG. 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) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
IEMG Costs Over Time
On $10,000 invested in IEMG, assuming 5% a year before costs, total costs come to $64 over 5 years, cutting the return by 0.11% 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) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $2 | $6 |
| Total costs | $11 | $35 | $64 |
| Value after costs | $10,489 | $11,541 | $12,699 |
| Impact on return, per year | 0.11% | 0.11% | 0.11% |
IEMG 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): 0.0105%
- Total broker commissions: $9.0M
- Bought from dealers (principal trades, not a cost): $17.2B
- Portfolio turnover (prospectus): 6%
- Securities on loan, average value: $3.1B
- Net income from securities lending: $83.3M (0.097% of average net assets)
IEMG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $2.3M | 28.38% |
| BofA Securities, Inc. | $2.3M | 27.91% |
| Morgan Stanley & Co. LLC | $1.0M | 12.25% |
| J.P. Morgan Securities LLC | $775K | 9.44% |
| Goldman Sachs & Co. LLC | $422K | 5.14% |
| CLSA Americas, LLC | $400K | 4.87% |
| SG Americas Securities, LLC | $348K | 4.25% |
| Citigroup Global Markets Inc. | $242K | 2.95% |
| Macquarie Capital (USA) Inc. | $225K | 2.74% |
| Barclays Capital Inc. | $170K | 2.07% |
IEMG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $15.9B | 92.46% |
| BofA Securities, Inc. | $596.5M | 3.47% |
| UBS Securities LLC | $526.5M | 3.06% |
| Citigroup Global Markets Inc. | $155.1M | 0.90% |
| Goldman Sachs & Co. LLC | $18.6M | 0.11% |
| Macquarie Capital (USA) Inc. | $577K | 0.00% |
| SG Americas Securities, LLC | $451K | 0.00% |
| Barclays Capital Inc. | $221K | 0.00% |
| Morgan Stanley & Co. LLC | $154K | 0.00% |
| BNP Paribas Securities Corp. | $96K | 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.