Fees Slashed On 25 iShares Funds

The expense ratio changes range from 1 to 3 basis points.

Dan Mika

Jul 30, 2021

Reviewed by: Dan Mika

Edited by: Dan Mika

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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.

Ticker	Fund	AUM	Original ER%	New ER%
IWP	iShares Russell Mid-Cap Growth ETF	$15.92B	0.24%	0.23%
IWS	iShares Russell Mid-Cap Value ETF	$14.16B	0.24%	0.23%
IBB	iShares Biotechnology ETF	$10.69B	0.46%	0.45%
IHI	iShares U.S. Medical Devices ETF	$8.01B	0.42%	0.41%
SOXX	iShares Semiconductor ETF	$6.98B	0.46%	0.43%
ICLN	iShares Global Clean Energy ETF	$5.98B	0.46%	0.42%
IXN	iShares Global Tech ETF	$5.57B	0.46%	0.43%
IGV	iShares Expanded Tech-Software Sector ETF	$4.86B	0.46%	0.43%
IGM	iShares Expanded Tech Sector ETF	$3.75B	0.46%	0.43%
IXJ	iShares Global Healthcare ETF	$3.25B	0.46%	0.43%
IGF	iShares Global Infrastructure ETF	$3.08B	0.46%	0.43%
IXG	iShares Global Financials ETF	$2.87B	0.46%	0.43%
ITB	iShares U.S. Home Construction ETF	$2.39B	0.42%	0.41%
IXC	iShares Global Energy ETF	$1.42B	0.46%	0.43%
MXI	iShares Global Materials ETF	$875.7M	0.45%	0.43%
INDY	iShares India 50 ETF	$665.3M	0.93%	0.90%
KXI	iShares Global Consumer Staples ETF	$593M	0.46%	0.43%
RXI	iShares Global Consumer Discretionary ETF	$459.3M	0.46%	0.43%
IGE	iShares North American Natural Resources ETF	$451.3M	0.46%	0.43%
EXI	iShares Global Industrials ETF	$435.8M	0.46%	0.43%
IXP	iShares Global Comm Services ETF	$332.8M	0.46%	0.43%
WOOD	iShares Global Timber & Forestry ETF	$311.7M	0.46%	0.43%
JXI	iShares Global Utilities ETF	$148.3M	0.46%	0.43%
IEZ	iShares U.S. Oil Equipment & Services ETF	$110.4M	0.42%	0.41%
IGN	iShares North American Tech-Multimedia Networking ETF	$108M	0.46%	0.43%

Contact Dan Mika at [email protected], and follow him on Twitter

Dan Mika

Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in Fort Collins, Colorado. Dan holds a bachelor's degree in journalism from Truman State University.

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Fees Slashed On 25 iShares Funds

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