IVEG Fees and Costs — iShares Emergent Food and AgTech Multisector ETF
Data updated: 2025-07-25
The net expense ratio is 0.47%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $490 in broker commissions, 0.0098% of average net assets, and portfolio turnover was 30%.
IVEG Fees and Expenses
Annual operating expenses and sales charges of IVEG. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.47% |
| Fee waiver | — |
| Net expense ratio | 0.47% |
| 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 |
IVEG Costs Over Time
On $10,000 invested in IVEG, assuming 5% a year before costs, total costs come to $303 over 5 years, cutting the return by 0.50% 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 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $50 | $166 | $303 |
| Value after costs | $10,450 | $11,410 | $12,460 |
| Impact on return, per year | 0.50% | 0.50% | 0.50% |
IVEG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0098%
- Total broker commissions: $490
- Bought from dealers (principal trades, not a cost): $2.3M
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $46K
- Net income from securities lending: $54 (0.001% of average net assets)
IVEG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Cowen and Company, LLC | $148 | 31.82% |
| Barclays Capital Inc. | $102 | 21.87% |
| J.P. Morgan Securities LLC | $66 | 14.30% |
| RBC Capital Markets, LLC | $38 | 8.22% |
| BNP Paribas Securities Corp. | $37 | 7.95% |
| Morgan Stanley & Co. LLC | $31 | 6.73% |
| Citigroup Global Markets Inc. | $14 | 3.05% |
| Nomura Securities International, Inc. | $11 | 2.27% |
| BNY Capital Markets, LLC | $9 | 2.01% |
| BofA Securities, Inc. | $8 | 1.78% |
IVEG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $964K | 41.29% |
| BofA Securities, Inc. | $910K | 38.97% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $460K | 19.70% |
| Barclays Capital Inc. | $710 | 0.03% |
| Goldman Sachs & Co. LLC | $191 | 0.01% |
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.