IVLU Fees and Costs — iShares MSCI Intl Value Factor ETF
Data updated: 2026-10-13
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 $200K in broker commissions, 0.0058% of average net assets, and portfolio turnover was 16%.
IVLU Fees and Expenses
Annual operating expenses and sales charges of IVLU. Prospectus, as of July 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 | — |
IVLU Costs Over Time
On $10,000 invested in IVLU, assuming 5% a year before costs, total costs come to $200 over 5 years, cutting the return by 0.33% 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 | $179 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $33 | $109 | $200 |
| Value after costs | $10,467 | $11,467 | $12,563 |
| Impact on return, per year | 0.33% | 0.33% | 0.33% |
IVLU 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): 0.0058%
- Total broker commissions: $200K
- Bought from dealers (principal trades, not a cost): $1.8B
- Portfolio turnover (prospectus): 16%
IVLU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $28K | 15.69% |
| UBS Securities LLC | $27K | 15.11% |
| Goldman Sachs & Co. LLC | $27K | 15.09% |
| BNP Paribas Securities Corp. | $23K | 12.88% |
| Morgan Stanley & Co. LLC | $19K | 10.37% |
| Jefferies LLC | $15K | 8.12% |
| BofA Securities, Inc. | $14K | 7.46% |
| Barclays Capital Inc. | $12K | 6.60% |
| RBC Capital Markets, LLC | $10K | 5.55% |
| Instinet, LLC | $6K | 3.12% |
IVLU Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $1.0B | 56.59% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $336.1M | 18.67% |
| BofA Securities, Inc. | $194.8M | 10.82% |
| UBS Securities LLC | $126.0M | 7.00% |
| J.P. Morgan Securities LLC | $107.3M | 5.96% |
| Goldman Sachs & Co. LLC | $16.5M | 0.92% |
| Jane Street Capital, LLC | $577K | 0.03% |
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.