IVVW Fees and Costs — iShares S&P 500 BuyWrite ETF
Data updated: 2026-09-25
The net expense ratio is 0.25%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8K in broker commissions, 0.0087% of average net assets, and portfolio turnover was 1%.
IVVW Fees and Expenses
Annual operating expenses and sales charges of IVVW. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.22% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| 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 |
IVVW Costs Over Time
On $10,000 invested in IVVW, assuming 5% a year before costs, total costs come to $164 over 5 years, cutting the return by 0.27% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $27 | $90 | $164 |
| Value after costs | $10,473 | $11,487 | $12,599 |
| Impact on return, per year | 0.27% | 0.27% | 0.27% |
IVVW Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0087%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $246.3M
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
IVVW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $7K | 82.99% |
| Morgan Stanley & Co. LLC | $1K | 15.84% |
| Citigroup Global Markets Inc. | $93 | 1.13% |
| Goldman Sachs & Co. LLC | $3 | 0.03% |
IVVW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $187.7M | 76.21% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $58.6M | 23.79% |
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.