ISCV Fees and Costs — iShares Morningstar Small-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 $65K in broker commissions, 0.0120% of average net assets, and portfolio turnover was 43%.
ISCV Fees and Expenses
Annual operating expenses and sales charges of ISCV. 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 |
ISCV Costs Over Time
On $10,000 invested in ISCV, assuming 5% a year before costs, total costs come to $46 over 5 years, cutting the return by 0.08% 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) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $8 | $25 | $46 |
| Value after costs | $10,492 | $11,551 | $12,717 |
| Impact on return, per year | 0.08% | 0.08% | 0.08% |
ISCV 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): 0.0120%
- Total broker commissions: $65K
- Bought from dealers (principal trades, not a cost): $262.7M
- Portfolio turnover (prospectus): 43%
- Securities on loan, average value: $28.8M
- Net income from securities lending: $381K (0.070% of average net assets)
ISCV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $10K | 17.56% |
| BofA Securities, Inc. | $8K | 14.90% |
| UBS Securities LLC | $8K | 14.40% |
| Pershing LLC | $5K | 9.95% |
| Goldman Sachs & Co. LLC | $5K | 9.41% |
| BNP Paribas Securities Corp. | $4K | 7.89% |
| RBC Capital Markets, LLC | $4K | 7.75% |
| Barclays Capital, Inc. | $4K | 7.02% |
| Jefferies LLC | $3K | 5.76% |
| Citigroup Global Markets Inc. | $3K | 5.36% |
ISCV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corp. | $178.4M | 67.93% |
| BlackRock Liquidity Funds T-Fund | $84.1M | 32.01% |
| BofA Securities, Inc. | $57K | 0.02% |
| Citigroup Global Markets Inc. | $56K | 0.02% |
| Virtu Americas LLC | $32K | 0.01% |
| Citadel Securities LLC | $27K | 0.01% |
| BNP Paribas Securities Corp. | $5K | 0.00% |
| UBS Securities LLC | $887 | 0.00% |
| Goldman Sachs & Co. LLC | $400 | 0.00% |
| Morgan Stanley & Co. LLC | $281 | 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.