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Fees Slashed On 25 iShares Funds

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BlackRock has made small cuts to the expense ratios of 25 of its ETFs, ranging from 1 to 3 basis points on a basket of ETFs that amount to roughly $90 billion in total assets after reaching a predetermined breakpoint.

The changes, effective Friday, affect funds as large as the iShares Russell Mid-Cap Growth ETF (IWP) at $15.9 billion in assets to funds as small as the iShares North American Tech-Multimedia Networking ETF (IGN) with $108 million in assets.

The vast majority of the funds are now charging between 41 to 45 basis points, save for IWP and the iShares Russell Mid-Cap Value ETF (IWS), which both cut their expense ratios by 1 basis point to 0.23%.

All of the funds are part of the same breakpoint group, a mechanism where an issuer will automatically lower the fees on the basket of ETFs once they collectively reach a predetermined figure of assets under management.

The affected funds are listed below.

 

 

Contact Dan Mika at dmika@etf.com, and follow him on Twitter

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