iShares has reduced the expense ratios on 11 of its ETFs, effective Aug. 4. The mix includes eight bond ETFs and three environmental, social and governance (ESG) equity funds. The three ESG funds saw the largest cuts, with ESGD’s fee cut in half to 0.20%, while ESGU and ESGE saw cuts almost as significant, dropping from 0.28% and 0.45%, respectively, to 0.15% and 0.25%.
The bond funds all saw their expense ratios trimmed by 2-10 basis points.
The affected funds have around $1 billion in assets under management or less. The smallest of the funds is ESGU, which only has $5.4 million in assets under management.
|Fund||Ticker||Old ER (%)||New ER (%)||BPS Change|
|iShares 0-5 Year Investment Grade Corporate Bond ETF||SLQD||0.08||0.06||-2|
|iShares 0-5 Year TIPS Bond ETF||STIP||0.10||0.06||-4|
|iShares Core 5-10 Year USD Bond ETF||IMTB||0.08||0.06||-2|
|iShares Core 1-5 Year USD Bond ETF||ISTB||0.08||0.06||-2|
|iShares Core 10+ Year USD Bond ETF||ILTB||0.08||0.06||-2|
|iShares Core Total USD Bond Market ETF||IUSB||0.08||0.06||-2|
|iShares Fallen Angels USD Bond ETF||FALN||0.35||0.25||-10|
|iShares Core International Aggregate Bond ETF||IAGG||0.11||0.09||-2|
|iShares MSCI EAFE ESG Optimized ETF||ESGD||0.40||0.20||-20|
|iShares MSCI USA ESG Optimized ETF||ESGU||0.28||0.15||-13|
|iShares MSCI EM ESG Optimized ETF||ESGE||0.45||0.25||-20|
Contact Heather Bell at [email protected]