Fees Slashed On 25 iShares Funds

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

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Reviewed by: Dan Mika
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Edited by: Dan Mika

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.

 

TickerFundAUMOriginal 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 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.