IWO Fees and Costs — iShares Russell 2000 Growth 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 $1.9M in broker commissions, 0.0151% of average net assets, and portfolio turnover was 30%.
IWO Fees and Expenses
Annual operating expenses and sales charges of IWO. 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 |
IWO Costs Over Time
On $10,000 invested in IWO, assuming 5% a year before costs, total costs come to $162 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 | $139 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $27 | $88 | $162 |
| Value after costs | $10,473 | $11,488 | $12,601 |
| Impact on return, per year | 0.27% | 0.27% | 0.27% |
IWO 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): 0.0151%
- Total broker commissions: $1.9M
- Bought from dealers (principal trades, not a cost): $8.1B
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $1.7B
- Net income from securities lending: $15.1M (0.123% of average net assets)
IWO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $232K | 15.70% |
| Goldman Sachs & Co. LLC | $210K | 14.19% |
| J.P. Morgan Securities LLC | $191K | 12.95% |
| UBS Securities LLC | $173K | 11.71% |
| Citigroup Global Markets Inc. | $138K | 9.31% |
| BNP Paribas Securities Corp. | $128K | 8.66% |
| Jefferies LLC | $108K | 7.29% |
| RBC Capital Markets, LLC | $104K | 7.08% |
| Morgan Stanley & Co. LLC | $101K | 6.85% |
| TD SECURITIES (USA) LLC | $92K | 6.25% |
IWO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corp. | $7.0B | 87.16% |
| BlackRock Liquidity Funds T-Fund | $1.0B | 12.83% |
| Goldman Sachs & Co. LLC | $360K | 0.00% |
| BofA Securities, Inc. | $359K | 0.00% |
| Jane Street Capital, LLC | $125K | 0.00% |
| J.P. Morgan Securities LLC | $51K | 0.00% |
| ABN AMRO Clearing Chicago LLC | $43K | 0.00% |
| RBC Capital Markets, LLC | $42K | 0.00% |
| Citadel Securities LLC | $23K | 0.00% |
| Citigroup Global Markets Inc. | $11K | 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.