IWM Fees and Costs — iShares Russell 2000 ETF
Data updated: 2026-08-25
The net expense ratio is 0.19%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $9.6M in broker commissions, 0.0143% of average net assets, and portfolio turnover was 18%.
IWM Fees and Expenses
Annual operating expenses and sales charges of IWM. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.19% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.19% |
| Fee waiver | — |
| Net expense ratio | 0.19% |
| 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 |
IWM Costs Over Time
On $10,000 invested in IWM, assuming 5% a year before costs, total costs come to $130 over 5 years, cutting the return by 0.21% 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 0.19%) | $20 | $63 | $110 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $71 | $130 |
| Value after costs | $10,479 | $11,505 | $12,633 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
IWM 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): 0.0143%
- Total broker commissions: $9.6M
- Bought from dealers (principal trades, not a cost): $253.7B
- Portfolio turnover (prospectus): 18%
- Securities on loan, average value: $8.1B
- Net income from securities lending: $69.9M (0.104% of average net assets)
IWM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1.4M | 17.76% |
| BofA Securities, Inc. | $1.2M | 15.53% |
| Citigroup Global Markets Inc. | $1.0M | 13.14% |
| J.P. Morgan Securities LLC | $821K | 10.72% |
| Morgan Stanley & Co. LLC | $616K | 8.05% |
| Jefferies LLC | $613K | 8.00% |
| UBS Securities LLC | $558K | 7.29% |
| RBC Capital Markets, LLC | $546K | 7.12% |
| Barclays Capital, Inc. | $534K | 6.97% |
| Pershing LLC | $415K | 5.42% |
IWM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corp. | $243.5B | 95.98% |
| BlackRock Liquidity Funds T-Fund | $10.2B | 4.01% |
| BofA Securities, Inc. | $10.8M | 0.00% |
| ABN AMRO Clearing Chicago LLC | $5.1M | 0.00% |
| Goldman Sachs & Co. LLC | $3.3M | 0.00% |
| Morgan Stanley & Co. LLC | $2.8M | 0.00% |
| Citadel Securities LLC | $1.6M | 0.00% |
| Barclays Capital, Inc. | $1.4M | 0.00% |
| SG Americas Securities, LLC | $970K | 0.00% |
| J.P. Morgan Securities LLC | $824K | 0.00% |
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.