IWMW Fees and Costs — iShares Russell 2000 BuyWrite ETF
Data updated: 2026-09-25
The net expense ratio is 0.39%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $6K in broker commissions, 0.0233% of average net assets, and portfolio turnover was 1%.
IWMW Fees and Expenses
Annual operating expenses and sales charges of IWMW. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| 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 |
IWMW Costs Over Time
On $10,000 invested in IWMW, assuming 5% a year before costs, total costs come to $262 over 5 years, cutting the return by 0.43% 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 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $143 | $262 |
| Value after costs | $10,457 | $11,433 | $12,501 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
IWMW 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): 0.0233%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $35.0M
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
IWMW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $4K | 79.15% |
| Morgan Stanley & Co. LLC | $1K | 19.64% |
| Citigroup Global Markets Inc. | $61 | 1.09% |
| Goldman Sachs & Co. LLC | $7 | 0.13% |
IWMW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $17.9M | 51.16% |
| National Securities Clearing Corporation | $17.1M | 48.84% |
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.