RING Fees and Costs — iShares MSCI Global Gold Miners 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 $172K in broker commissions, 0.0153% of average net assets, and portfolio turnover was 23%.
RING Fees and Expenses
Annual operating expenses and sales charges of RING. 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) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RING Costs Over Time
On $10,000 invested in RING, assuming 5% a year before costs, total costs come to $257 over 5 years, cutting the return by 0.43% 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) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $43 | $140 | $257 |
| Value after costs | $10,457 | $11,436 | $12,506 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
RING 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): 0.0153%
- Total broker commissions: $172K
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 23%
- Securities on loan, average value: $7.3M
- Net income from securities lending: $70K (0.006% of average net assets)
RING Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Scotia Capital (USA) Inc. | $29K | 20.48% |
| RBC Capital Markets, LLC | $22K | 15.51% |
| Goldman Sachs & Co. LLC | $21K | 15.28% |
| Raymond James & Associates, Inc. | $12K | 8.70% |
| Barclays Capital Inc. | $10K | 7.35% |
| National Bank of Canada Financial Inc. | $10K | 7.21% |
| J.P. Morgan Securities LLC | $10K | 7.05% |
| TD Securities (USA) LLC | $9K | 6.36% |
| UBS Securities LLC | $9K | 6.06% |
| Morgan Stanley & Co. LLC | $8K | 5.99% |
RING Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $496.4M | 49.28% |
| BofA Securities, Inc. | $167.4M | 16.62% |
| UBS Securities LLC | $155.0M | 15.39% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $123.0M | 12.22% |
| Goldman Sachs & Co. LLC | $63.6M | 6.31% |
| Jane Street Capital, LLC | $1.7M | 0.17% |
| HSBC Securities (USA) Inc. | $84K | 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.