SUSA Fees and Costs — iShares ESG Optimized MSCI USA ETF
Data updated: 2026-09-23
The net expense ratio is 0.25%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $57K in broker commissions, 0.0016% of average net assets, and portfolio turnover was 25%.
SUSA Fees and Expenses
Annual operating expenses and sales charges of SUSA. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| 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 |
SUSA Costs Over Time
On $10,000 invested in SUSA, assuming 5% a year before costs, total costs come to $160 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $26 | $87 | $160 |
| Value after costs | $10,474 | $11,489 | $12,603 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
SUSA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0016%
- Total broker commissions: $57K
- Bought from dealers (principal trades, not a cost): $748.2M
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $8.7M
- Net income from securities lending: $27K (0.001% of average net assets)
SUSA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $8K | 15.71% |
| UBS Securities LLC | $7K | 13.95% |
| J.P. Morgan Securities LLC | $6K | 11.74% |
| Barclays Capital Inc. | $5K | 10.40% |
| Jefferies LLC | $5K | 9.62% |
| Goldman Sachs & Co. LLC | $4K | 8.90% |
| Cantor Fitzgerald & Co. | $4K | 8.10% |
| BNP Paribas Securities Corp. | $4K | 8.06% |
| Cowen and Company, LLC | $4K | 7.67% |
| BofA Securities, Inc. | $3K | 5.86% |
SUSA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $255.5M | 34.15% |
| RBC Capital Markets, LLC | $186.9M | 24.99% |
| BofA Securities, Inc. | $104.9M | 14.03% |
| Citadel Securities LLC | $98.3M | 13.14% |
| Jane Street Capital, LLC | $53.4M | 7.14% |
| Goldman Sachs & Co. LLC | $21.2M | 2.83% |
| J.P. Morgan Securities LLC | $20.9M | 2.80% |
| Virtu Americas LLC | $7.0M | 0.93% |
| UBS Securities LLC | $1K | 0.00% |
| Morgan Stanley & Co. LLC | $286 | 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.