IEV Fees and Costs — iShares Europe ETF
Data updated: 2026-08-24
The net expense ratio is 0.60%: a 0.59% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $40K in broker commissions, 0.0021% of average net assets, and portfolio turnover was 4%.
IEV Fees and Expenses
Annual operating expenses and sales charges of IEV. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| 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 |
IEV Costs Over Time
On $10,000 invested in IEV, assuming 5% a year before costs, total costs come to $380 over 5 years, cutting the return by 0.63% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $208 | $380 |
| Value after costs | $10,437 | $11,368 | $12,383 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
IEV 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): 0.0021%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 4%
- Securities on loan, average value: $13.5M
- Net income from securities lending: $29K (0.001% of average net assets)
IEV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $9K | 22.81% |
| UBS Securities LLC | $9K | 22.21% |
| Goldman Sachs & Co. LLC | $8K | 19.82% |
| BofA Securities, Inc. | $3K | 8.96% |
| Barclays Capital Inc. | $3K | 7.09% |
| Morgan Stanley & Co. LLC | $2K | 5.01% |
| BNP Paribas Securities Corp. | $2K | 4.85% |
| RBC Capital Markets, LLC | $1K | 3.49% |
| Citigroup Global Markets Inc. | $1K | 2.90% |
| Jefferies LLC | $1K | 2.85% |
IEV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $609.8M | 56.85% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $164.8M | 15.36% |
| Citigroup Global Markets Inc. | $131.9M | 12.30% |
| UBS Securities LLC | $57.4M | 5.35% |
| Morgan Stanley & Co. LLC | $56.4M | 5.26% |
| BofA Securities, Inc. | $31.5M | 2.93% |
| J.P. Morgan Securities LLC | $21.0M | 1.95% |
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.