IPAC Fees and Costs — iShares Core MSCI Pacific ETF
Data updated: 2026-10-13
The net expense ratio is 0.09%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $60K in broker commissions, 0.0027% of average net assets, and portfolio turnover was 5%.
IPAC Fees and Expenses
Annual operating expenses and sales charges of IPAC. Prospectus, as of July 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 | — |
IPAC Costs Over Time
On $10,000 invested in IPAC, assuming 5% a year before costs, total costs come to $59 over 5 years, cutting the return by 0.10% 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) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $2 | $5 |
| Total costs | $10 | $32 | $59 |
| Value after costs | $10,490 | $11,544 | $12,704 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
IPAC 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): 0.0027%
- Total broker commissions: $60K
- Bought from dealers (principal trades, not a cost): $858.0M
- Portfolio turnover (prospectus): 5%
IPAC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $8K | 15.80% |
| Goldman Sachs & Co. LLC | $7K | 14.61% |
| Citigroup Global Markets Inc. | $7K | 14.19% |
| BofA Securities, Inc. | $5K | 10.52% |
| BNP Paribas Securities Corp. | $5K | 9.60% |
| Jefferies LLC | $4K | 9.28% |
| HSBC Securities (USA) Inc. | $3K | 6.94% |
| Barclays Capital Inc. | $3K | 6.51% |
| Instinet, LLC | $3K | 6.36% |
| J.P. Morgan Securities LLC | $3K | 6.19% |
IPAC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $330.0M | 38.46% |
| J.P. Morgan Securities LLC | $241.8M | 28.18% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $199.5M | 23.25% |
| BofA Securities, Inc. | $47.3M | 5.52% |
| Morgan Stanley & Co. LLC | $37.3M | 4.35% |
| Jane Street Capital, LLC | $2.1M | 0.24% |
| Macquarie Capital (USA) Inc. | $52K | 0.01% |
| Barrenjoey Markets Pty Limited | $46K | 0.01% |
| Canaccord Genuity LLC | $2K | 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.