ISZE Fees and Costs — iShares MSCI Intl Size Factor ETF
Data updated: 2024-10-15
The net expense ratio is 0.30%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $556 in broker commissions, 0.0067% of average net assets, and portfolio turnover was 23%.
ISZE Fees and Expenses
Annual operating expenses and sales charges of ISZE. Prospectus, as of November 30, 2023.
| 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 | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ISZE Costs Over Time
On $10,000 invested in ISZE, assuming 5% a year before costs, total costs come to $195 over 5 years, cutting the return by 0.32% 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) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $32 | $106 | $195 |
| Value after costs | $10,468 | $11,470 | $12,568 |
| Impact on return, per year | 0.32% | 0.32% | 0.32% |
ISZE Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0067%
- Total broker commissions: $556
- Bought from dealers (principal trades, not a cost): $10.6M
- Portfolio turnover (prospectus): 23%
- Securities on loan, average value: $62K
- Net income from securities lending: $243 (0.003% of average net assets)
ISZE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC Securities (USA) Inc. | $65 | 14.76% |
| Barclays Capital Inc. | $64 | 14.69% |
| Goldman Sachs & Co. LLC | $53 | 12.12% |
| Citigroup Global Markets Inc. | $49 | 11.13% |
| Jefferies LLC | $46 | 10.48% |
| J.P. Morgan Securities LLC | $44 | 10.06% |
| UBS Securities LLC | $38 | 8.72% |
| BofA Securities, Inc. | $31 | 7.07% |
| SG Americas Securities, LLC | $25 | 5.66% |
| RBC Capital Markets, LLC | $23 | 5.31% |
ISZE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $9.9M | 93.78% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $640K | 6.07% |
| HSBC Securities (USA) Inc. | $11K | 0.10% |
| Goldman Sachs & Co. LLC | $3K | 0.02% |
| UBS Securities LLC | $1K | 0.01% |
| Citigroup Global Markets Inc. | $739 | 0.01% |
| Barclays Capital Inc. | $259 | 0.00% |
| Morgan Stanley & Co. LLC | $223 | 0.00% |
| BNP Paribas Securities Corp. | $90 | 0.00% |
| Jefferies LLC | $26 | 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.