WSML Fees and Costs — iShares MSCI World Small-Cap ETF
Data updated: 2026-07-27
The net expense ratio is 0.30%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $28K in broker commissions, 0.0053% of average net assets, and portfolio turnover was 14%.
WSML Fees and Expenses
Annual operating expenses and sales charges of WSML. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| Net expense ratio | 0.30% |
| 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 |
WSML Costs Over Time
On $10,000 invested in WSML, assuming 5% a year before costs, total costs come to $194 over 5 years, cutting the return by 0.32% 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 0.30%) | $32 | $99 | $173 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $32 | $106 | $194 |
| Value after costs | $10,468 | $11,471 | $12,569 |
| Impact on return, per year | 0.32% | 0.32% | 0.32% |
WSML 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): 0.0053%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): $678.3M
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $12.8M
- Net income from securities lending: $150K (0.028% of average net assets)
WSML Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $3K | 15.69% |
| Jefferies LLC | $3K | 13.60% |
| Goldman Sachs & Co. LLC | $3K | 13.54% |
| BofA Securities, Inc. | $3K | 13.46% |
| Nomura Securities International, Inc. | $3K | 12.20% |
| Barclays Capital Inc. | $2K | 8.27% |
| Morgan Stanley & Co. LLC | $2K | 7.76% |
| Citigroup Global Markets Inc. | $1K | 6.19% |
| CLSA Americas, LLC | $991 | 4.71% |
| TD Securities (USA) LLC | $962 | 4.58% |
WSML Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $468.9M | 69.23% |
| J.P. Morgan Securities LLC | $127.5M | 18.82% |
| Citigroup Global Markets Inc. | $42.3M | 6.25% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $38.5M | 5.68% |
| BMO Capital Markets Corp. | $165K | 0.02% |
| Barclays Capital Inc. | $180 | 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.