Fees Slashed On 25 iShares Funds

July 30, 2021

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

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