IWB Fees and Costs — iShares Russell 1000 ETF
Data updated: 2026-08-24
The net expense ratio is 0.15%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $147K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 3%.
IWB Fees and Expenses
Annual operating expenses and sales charges of IWB. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| Net expense ratio | 0.15% |
| 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 |
IWB Costs Over Time
On $10,000 invested in IWB, assuming 5% a year before costs, total costs come to $96 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $16 | $52 | $96 |
| Value after costs | $10,484 | $11,524 | $12,667 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
IWB 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): 0.0003%
- Total broker commissions: $147K
- Bought from dealers (principal trades, not a cost): $37.1B
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $404.0M
- Net income from securities lending: $1.8M (0.004% of average net assets)
IWB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $22K | 18.40% |
| Barclays Capital Inc. | $18K | 15.04% |
| UBS Securities LLC | $13K | 11.07% |
| J.P. Morgan Securities LLC | $13K | 10.62% |
| Citigroup Global Markets Inc. | $12K | 10.23% |
| Wells Fargo Securities, LLC | $12K | 10.08% |
| BofA Securities, Inc. | $10K | 8.20% |
| Oppenheimer & Co. Inc. | $8K | 6.79% |
| Morgan Stanley & Co. LLC | $6K | 5.21% |
| Cantor Fitzgerald & Co. | $5K | 4.35% |
IWB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $6.9B | 18.57% |
| BNP Paribas Securities Corp. | $6.2B | 16.81% |
| Wells Fargo Securities, LLC | $4.7B | 12.53% |
| Citigroup Global Markets Inc. | $4.2B | 11.33% |
| Goldman Sachs & Co. LLC | $3.4B | 9.21% |
| BofA Securities, Inc. | $3.1B | 8.31% |
| Morgan Stanley & Co. LLC | $2.7B | 7.23% |
| Citadel Securities LLC | $2.5B | 6.72% |
| Jane Street Capital, LLC | $1.8B | 4.87% |
| J.P. Morgan Securities LLC | $1.6B | 4.42% |
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.