LDEM Fees and Costs — iShares ESG MSCI EM Leaders ETF
Data updated: 2026-07-27
The net expense ratio is 0.16%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $6K in broker commissions, 0.0215% of average net assets, and portfolio turnover was 18%.
LDEM Fees and Expenses
Annual operating expenses and sales charges of LDEM. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.16% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.16% |
| Fee waiver | — |
| Net expense ratio | 0.16% |
| 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 |
LDEM Costs Over Time
On $10,000 invested in LDEM, assuming 5% a year before costs, total costs come to $115 over 5 years, cutting the return by 0.19% 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 0.16%) | $17 | $53 | $92 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $19 | $63 | $115 |
| Value after costs | $10,481 | $11,513 | $12,647 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
LDEM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0215%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $12.2M
- Portfolio turnover (prospectus): 18%
- Securities on loan, average value: $311K
- Net income from securities lending: $5K (0.015% of average net assets)
LDEM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $3K | 45.29% |
| Morgan Stanley & Co. LLC | $1K | 19.51% |
| UBS Securities LLC | $492 | 8.53% |
| Goldman Sachs & Co. LLC | $349 | 6.04% |
| BNP Paribas Securities Corp. | $256 | 4.43% |
| CLSA Americas, LLC | $222 | 3.85% |
| Macquarie Capital (USA) Inc. | $206 | 3.57% |
| Citigroup Global Markets Inc. | $181 | 3.14% |
| BofA Securities, Inc. | $163 | 2.82% |
| HSBC Securities (USA) Inc. | $163 | 2.82% |
LDEM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $10.0M | 82.07% |
| J.P. Morgan Securities LLC | $1.9M | 15.76% |
| Citigroup Global Markets Inc. | $263K | 2.17% |
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.