IWTR Fees and Costs — iShares MSCI Water Management Multisector ETF
Data updated: 2025-07-25
The net expense ratio is 0.47%. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $1K in broker commissions, 0.0240% of average net assets, and portfolio turnover was 53%.
IWTR Fees and Expenses
Annual operating expenses and sales charges of IWTR. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.47% |
| Fee waiver | — |
| Net expense ratio | 0.47% |
| 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 |
IWTR Costs Over Time
On $10,000 invested in IWTR, assuming 5% a year before costs, total costs come to $312 over 5 years, cutting the return by 0.52% 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 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $52 | $171 | $312 |
| Value after costs | $10,448 | $11,406 | $12,451 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
IWTR Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0240%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $1.2M
- Portfolio turnover (prospectus): 53%
- Securities on loan, average value: $0
- Net income from securities lending: $22 (0.000% of average net assets)
IWTR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $280 | 24.07% |
| J.P. Morgan Securities LLC | $203 | 17.48% |
| Jefferies LLC | $168 | 14.47% |
| UBS Securities LLC | $131 | 11.24% |
| BNP Paribas Securities Corp. | $96 | 8.22% |
| Citigroup Global Markets Inc. | $73 | 6.31% |
| BTG Pactual US Capital, LLC | $62 | 5.36% |
| Santander Securities LLC | $57 | 4.91% |
| Goldman Sachs & Co. LLC | $51 | 4.38% |
| Bradesco Securities, Inc. | $41 | 3.56% |
IWTR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $1.2M | 99.93% |
| UBS Securities LLC | $288 | 0.02% |
| Goldman Sachs & Co. LLC | $242 | 0.02% |
| Barclays Capital Inc. | $187 | 0.02% |
| J.P. Morgan Securities LLC | $137 | 0.01% |
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.