PICK Fees and Costs — iShares MSCI Global Metals & Mining Producers ETF
Data updated: 2026-07-27
The net expense ratio is 0.39%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $63K in broker commissions, 0.0077% of average net assets, and portfolio turnover was 10%.
PICK Fees and Expenses
Annual operating expenses and sales charges of PICK. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PICK Costs Over Time
On $10,000 invested in PICK, assuming 5% a year before costs, total costs come to $252 over 5 years, cutting the return by 0.42% 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 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $1 | $3 | $4 |
| Lost growth on money paid in costs | $0 | $6 | $23 |
| Total costs | $42 | $138 | $252 |
| Value after costs | $10,458 | $11,439 | $12,511 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
PICK 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): 0.0077%
- Total broker commissions: $63K
- Bought from dealers (principal trades, not a cost): $304.1M
- Portfolio turnover (prospectus): 10%
- Securities on loan, average value: $15.9M
- Net income from securities lending: $346K (0.043% of average net assets)
PICK Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $11K | 19.81% |
| J.P. Morgan Securities LLC | $9K | 16.54% |
| BofA Securities, Inc. | $7K | 13.60% |
| Citigroup Global Markets Inc. | $7K | 12.69% |
| Goldman Sachs & Co. LLC | $6K | 11.63% |
| Morgan Stanley & Co. LLC | $4K | 7.57% |
| BMO Capital Markets Corp. | $3K | 5.66% |
| RBC Capital Markets, LLC | $3K | 5.36% |
| Nomura Securities International, Inc. | $2K | 4.22% |
| BNP Paribas Securities Corp. | $2K | 2.91% |
PICK Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $145.8M | 47.92% |
| UBS Securities LLC | $68.2M | 22.42% |
| BofA Securities, Inc. | $43.6M | 14.32% |
| Goldman Sachs & Co. LLC | $30.8M | 10.14% |
| J.P. Morgan Securities LLC | $13.5M | 4.44% |
| Citigroup Global Markets Inc. | $2.3M | 0.75% |
| Barrenjoey Markets Pty Limited | $22K | 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.