IWN Fees and Costs — iShares Russell 2000 Value ETF
Data updated: 2026-08-25
The net expense ratio is 0.24%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2.2M in broker commissions, 0.0193% of average net assets, and portfolio turnover was 28%.
IWN Fees and Expenses
Annual operating expenses and sales charges of IWN. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.24% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.24% |
| Fee waiver | — |
| Net expense ratio | 0.24% |
| 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 |
IWN Costs Over Time
On $10,000 invested in IWN, assuming 5% a year before costs, total costs come to $165 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 0.24%) | $25 | $79 | $138 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $27 | $90 | $165 |
| Value after costs | $10,473 | $11,486 | $12,598 |
| Impact on return, per year | 0.27% | 0.27% | 0.27% |
IWN 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): 0.0193%
- Total broker commissions: $2.2M
- Bought from dealers (principal trades, not a cost): $7.2B
- Portfolio turnover (prospectus): 28%
- Securities on loan, average value: $808.1M
- Net income from securities lending: $9.9M (0.085% of average net assets)
IWN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $281K | 15.84% |
| J.P. Morgan Securities LLC | $248K | 13.98% |
| Citigroup Global Markets Inc. | $241K | 13.61% |
| BofA Securities, Inc. | $201K | 11.32% |
| UBS Securities LLC | $196K | 11.08% |
| BNP Paribas Securities Corp. | $132K | 7.47% |
| Barclays Capital, Inc. | $129K | 7.29% |
| Morgan Stanley & Co. LLC | $118K | 6.65% |
| Jefferies LLC | $117K | 6.58% |
| Oppenheimer & Co. Inc. | $109K | 6.17% |
IWN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corp. | $5.5B | 76.75% |
| BlackRock Liquidity Funds T-Fund | $1.7B | 23.24% |
| Barclays Capital, Inc. | $218K | 0.00% |
| RBC Capital Markets, LLC | $203K | 0.00% |
| Morgan Stanley & Co. LLC | $201K | 0.00% |
| BofA Securities, Inc. | $94K | 0.00% |
| Citadel Securities LLC | $91K | 0.00% |
| Jane Street Capital, LLC | $67K | 0.00% |
| ABN AMRO Clearing Chicago LLC | $20K | 0.00% |
| J.P. Morgan Securities LLC | $20K | 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.