IMCV Fees and Costs — iShares Morningstar Mid-Cap Value ETF
Data updated: 2026-09-25
The net expense ratio is 0.06%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $37K in broker commissions, 0.0043% of average net assets, and portfolio turnover was 40%.
IMCV Fees and Expenses
Annual operating expenses and sales charges of IMCV. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.06% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.06% |
| Fee waiver | — |
| Net expense ratio | 0.06% |
| 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 |
IMCV Costs Over Time
On $10,000 invested in IMCV, assuming 5% a year before costs, total costs come to $41 over 5 years, cutting the return by 0.07% 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 0.06%) | $6 | $20 | $35 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $7 | $22 | $41 |
| Value after costs | $10,493 | $11,554 | $12,722 |
| Impact on return, per year | 0.07% | 0.07% | 0.07% |
IMCV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0043%
- Total broker commissions: $37K
- Bought from dealers (principal trades, not a cost): $77.8M
- Portfolio turnover (prospectus): 40%
- Securities on loan, average value: $6.9M
- Net income from securities lending: $70K (0.008% of average net assets)
IMCV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $6K | 18.48% |
| UBS SECURITIES LLC | $5K | 17.90% |
| JEFFERIES LLC | $3K | 11.26% |
| GOLDMAN SACHS & CO. LLC | $3K | 9.63% |
| RBC CAPITAL MARKETS, LLC | $3K | 8.76% |
| BNP PARIBAS SECURITIES CORP. | $3K | 8.47% |
| CitiGroup Global Markets Inc. | $3K | 8.40% |
| MORGAN STANLEY & CO. LLC | $2K | 7.86% |
| OPPENHEIMER & CO. INC. | $1K | 4.78% |
| BARCLAYS CAPITAL, INC. | $1K | 4.47% |
IMCV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BLACKROCK FUNDS III - BlackRock Cash Funds: Treasury | $77.8M | 99.97% |
| BARCLAYS CAPITAL, INC. | $8K | 0.01% |
| GOLDMAN SACHS & CO. LLC | $8K | 0.01% |
| UBS SECURITIES LLC | $3K | 0.00% |
| BNP PARIBAS SECURITIES CORP. | $1K | 0.00% |
| CitiGroup Global Markets Inc. | $1K | 0.00% |
| MORGAN STANLEY & CO. LLC | $379 | 0.00% |
| BOFA SECURITIES, INC. | $306 | 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.