POWR Fees and Costs — iShares U.S. Power Infrastructure ETF
Data updated: 2026-08-24
The net expense ratio is 0.39%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $27K in broker commissions, 0.0285% of average net assets, and portfolio turnover was 90%.
POWR Fees and Expenses
Annual operating expenses and sales charges of POWR. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | — |
| 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) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
POWR Costs Over Time
On $10,000 invested in POWR, assuming 5% a year before costs, total costs come to $265 over 5 years, cutting the return by 0.44% 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) | $3 | $9 | $16 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $145 | $265 |
| Value after costs | $10,456 | $11,432 | $12,498 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
POWR 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): 0.0285%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $138.7M
- Portfolio turnover (prospectus): 90%
- Securities on loan, average value: $1.3M
- Net income from securities lending: $2K (0.002% of average net assets)
POWR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $11K | 43.73% |
| Wells Fargo Securities, LLC | $5K | 19.16% |
| Barclays Capital Inc. | $3K | 13.30% |
| Scotia Capital (USA) Inc. | $2K | 5.88% |
| Goldman Sachs & Co. LLC | $1K | 5.37% |
| Citigroup Global Markets Inc. | $1K | 4.27% |
| Morgan Stanley & Co. LLC | $884 | 3.42% |
| UBS Securities LLC | $568 | 2.19% |
| Agora Corretora de Titulos e Valores Mobiliarios S.A. | $393 | 1.52% |
| Nomura Securities International, Inc. | $300 | 1.16% |
POWR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $39.5M | 28.46% |
| BofA Securities, Inc. | $33.3M | 24.01% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $31.6M | 22.80% |
| Jane Street Capital, LLC | $24.5M | 17.63% |
| J.P. Morgan Securities LLC | $5.1M | 3.69% |
| Morgan Stanley & Co. LLC | $4.7M | 3.41% |
| Citigroup Global Markets Inc. | $2K | 0.00% |
| UBS Securities LLC | $2K | 0.00% |
| BNP Paribas Securities Corp. | $115 | 0.00% |
| Goldman Sachs & Co. LLC | $91 | 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.