ISVL Fees and Costs — iShares International Developed Small Cap Value Factor ETF
Data updated: 2026-08-24
The net expense ratio is 0.31%: a 0.30% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $55K in broker commissions, 0.0581% of average net assets, and portfolio turnover was 63%.
ISVL Fees and Expenses
Annual operating expenses and sales charges of ISVL. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.31% |
| Fee waiver | — |
| Net expense ratio | 0.31% |
| 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 |
ISVL Costs Over Time
On $10,000 invested in ISVL, assuming 5% a year before costs, total costs come to $233 over 5 years, cutting the return by 0.39% 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 0.31%) | $33 | $102 | $178 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $39 | $127 | $233 |
| Value after costs | $10,461 | $11,449 | $12,530 |
| Impact on return, per year | 0.39% | 0.39% | 0.39% |
ISVL 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): 0.0581%
- Total broker commissions: $55K
- Bought from dealers (principal trades, not a cost): $321.3M
- Portfolio turnover (prospectus): 63%
- Securities on loan, average value: $914K
- Net income from securities lending: $8K (0.008% of average net assets)
ISVL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $10K | 21.42% |
| J.P. Morgan Securities LLC | $9K | 19.97% |
| BofA Securities, Inc. | $7K | 16.48% |
| Jefferies LLC | $3K | 7.79% |
| Citigroup Global Markets Inc. | $3K | 7.66% |
| UBS Securities LLC | $3K | 6.98% |
| BMO Capital Markets Corp. | $2K | 5.38% |
| Goldman Sachs & Co. LLC | $2K | 5.23% |
| RBC Capital Markets, LLC | $2K | 5.03% |
| Loop Capital Markets LLC | $2K | 4.05% |
ISVL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $172.0M | 53.52% |
| J.P. Morgan Securities LLC | $109.0M | 33.94% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $17.3M | 5.39% |
| Citigroup Global Markets Inc. | $13.4M | 4.18% |
| UBS Securities LLC | $9.6M | 2.98% |
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.