IVRS Fees and Costs — iShares Future Metaverse Tech and Communications ETF
Data updated: 2026-08-24
The net expense ratio is 0.47%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2K in broker commissions, 0.0311% of average net assets, and portfolio turnover was 39%.
IVRS Fees and Expenses
Annual operating expenses and sales charges of IVRS. Prospectus, as of March 31, 2025.
| 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 |
IVRS Costs Over Time
On $10,000 invested in IVRS, assuming 5% a year before costs, total costs come to $317 over 5 years, cutting the return by 0.53% 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) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $173 | $317 |
| Value after costs | $10,447 | $11,403 | $12,446 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
IVRS 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): 0.0311%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $5.7M
- Portfolio turnover (prospectus): 39%
- Securities on loan, average value: $355K
- Net income from securities lending: $6K (0.078% of average net assets)
IVRS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA Americas, LLC | $679 | 32.63% |
| Citigroup Global Markets Inc. | $403 | 19.36% |
| BNP Paribas Securities Corp. | $197 | 9.48% |
| J.P. Morgan Securities LLC | $157 | 7.56% |
| Goldman Sachs & Co. LLC | $151 | 7.26% |
| RBC Capital Markets, LLC | $137 | 6.59% |
| Barclays Capital Inc. | $91 | 4.39% |
| Stern Brothers & Co. | $91 | 4.37% |
| Morgan Stanley & Co. LLC | $88 | 4.23% |
| Jefferies LLC | $86 | 4.14% |
IVRS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $4.6M | 80.80% |
| J.P. Morgan Securities LLC | $1.1M | 19.16% |
| BNP Paribas Securities Corp. | $1K | 0.03% |
| Goldman Sachs & Co. LLC | $773 | 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.