IWD Fees and Costs — iShares Russell 1000 Value ETF
Data updated: 2026-08-24
The net expense ratio is 0.18%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $934K in broker commissions, 0.0014% of average net assets, and portfolio turnover was 15%.
IWD Fees and Expenses
Annual operating expenses and sales charges of IWD. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.18% |
| Fee waiver | — |
| Net expense ratio | 0.18% |
| 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 |
IWD Costs Over Time
On $10,000 invested in IWD, assuming 5% a year before costs, total costs come to $115 over 5 years, cutting the return by 0.19% 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 0.18%) | $19 | $59 | $104 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $19 | $63 | $115 |
| Value after costs | $10,481 | $11,513 | $12,647 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
IWD 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): 0.0014%
- Total broker commissions: $934K
- Bought from dealers (principal trades, not a cost): $35.9B
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $1.2B
- Net income from securities lending: $4.4M (0.007% of average net assets)
IWD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $176K | 21.92% |
| UBS Securities LLC | $134K | 16.69% |
| BNP Paribas Securities Corp. | $103K | 12.78% |
| Citadel Securities LLC | $78K | 9.67% |
| Barclays Capital Inc. | $72K | 8.93% |
| Cowen and Company, LLC | $70K | 8.73% |
| BofA Securities, Inc. | $64K | 7.89% |
| RBC Capital Markets, LLC | $51K | 6.31% |
| J.P. Morgan Securities LLC | $31K | 3.82% |
| Oppenheimer & Co. Inc. | $26K | 3.26% |
IWD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $11.8B | 32.79% |
| Citadel Securities LLC | $4.5B | 12.57% |
| Citigroup Global Markets Inc. | $4.4B | 12.30% |
| Jane Street Capital, LLC | $4.3B | 12.10% |
| J.P. Morgan Securities LLC | $3.4B | 9.54% |
| Goldman Sachs & Co. LLC | $3.2B | 9.03% |
| RBC Capital Markets, LLC | $2.1B | 5.92% |
| BNP Paribas Securities Corp. | $924.1M | 2.57% |
| Morgan Stanley & Co. LLC | $574.2M | 1.60% |
| Virtu Americas LLC | $569.0M | 1.58% |
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.