IMTM Fees and Costs — iShares MSCI Intl Momentum Factor ETF
Data updated: 2026-10-13
The net expense ratio is 0.30%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.1M in broker commissions, 0.0288% of average net assets, and portfolio turnover was 109%.
IMTM Fees and Expenses
Annual operating expenses and sales charges of IMTM. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
IMTM Costs Over Time
On $10,000 invested in IMTM, assuming 5% a year before costs, total costs come to $208 over 5 years, cutting the return by 0.35% 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 0.30%) | $32 | $99 | $173 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $35 | $114 | $208 |
| Value after costs | $10,465 | $11,462 | $12,554 |
| Impact on return, per year | 0.35% | 0.35% | 0.35% |
IMTM 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): 0.0288%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $1.8B
- Portfolio turnover (prospectus): 109%
IMTM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $167K | 18.74% |
| Goldman Sachs & Co. LLC | $160K | 17.94% |
| UBS Securities LLC | $141K | 15.85% |
| RBC Capital Markets, LLC | $133K | 14.89% |
| BNP Paribas Securities Corp. | $83K | 9.27% |
| Morgan Stanley & Co. LLC | $72K | 8.05% |
| Citigroup Global Markets Inc. | $45K | 5.00% |
| Nomura Securities International, Inc. | $32K | 3.53% |
| BofA Securities, Inc. | $31K | 3.48% |
| Barclays Capital Inc. | $29K | 3.25% |
IMTM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $682.5M | 38.16% |
| Citigroup Global Markets Inc. | $303.3M | 16.96% |
| RBC Capital Markets, LLC | $277.7M | 15.53% |
| UBS Securities LLC | $272.6M | 15.24% |
| BofA Securities, Inc. | $120.8M | 6.76% |
| Goldman Sachs & Co. LLC | $39.7M | 2.22% |
| Cowen and Company, LLC | $32.6M | 1.82% |
| J.P. Morgan Securities LLC | $28.7M | 1.60% |
| Jane Street Capital, LLC | $15.3M | 0.85% |
| Morgan Stanley & Co. LLC | $15.2M | 0.85% |
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.