IWS Fees and Costs — iShares Russell Mid-Cap Value ETF
Data updated: 2026-08-27
The net expense ratio is 0.23%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $381K in broker commissions, 0.0027% of average net assets, and portfolio turnover was 19%.
IWS Fees and Expenses
Annual operating expenses and sales charges of IWS. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.23% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.23% |
| Fee waiver | — |
| Net expense ratio | 0.23% |
| 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 |
IWS Costs Over Time
On $10,000 invested in IWS, assuming 5% a year before costs, total costs come to $148 over 5 years, cutting the return by 0.24% 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 0.23%) | $24 | $76 | $133 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $24 | $81 | $148 |
| Value after costs | $10,476 | $11,496 | $12,615 |
| Impact on return, per year | 0.24% | 0.24% | 0.24% |
IWS 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): 0.0027%
- Total broker commissions: $381K
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $295.0M
- Net income from securities lending: $2.8M (0.020% of average net assets)
IWS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $111K | 34.52% |
| WELLS FARGO SECURITIES, LLC | $41K | 12.64% |
| BNP PARIBAS SECURITIES CORP. | $35K | 10.75% |
| TD SECURITIES (USA) LLC | $33K | 10.30% |
| CITADEL SECURITIES LLC | $23K | 7.17% |
| UBS SECURITIES LLC | $22K | 6.67% |
| BOFA SECURITIES, INC. | $18K | 5.68% |
| RBC CAPITAL MARKETS, LLC | $15K | 4.49% |
| J.P. Morgan Securities LLC | $13K | 4.13% |
| CitiGroup Global Markets Inc. | $12K | 3.65% |
IWS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BLACKROCK FUNDS III - BlackRock Cash Funds: Treasury | $1.0B | 100.00% |
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.