SCHEDULE A Master Advisory Fee Waiver Agreement for iShares Trust (Amended as of May 15-16, 2014) (all percentages are expressed as a percentage of average daily net assets)
Exhibit (d.6)
SCHEDULE A
Master Advisory Fee Waiver Agreement for iShares Trust
(Amended as of May 15-16, 2014)
(all percentages are expressed as a percentage of average daily net assets)
| Fund |
Advisory Fee Waiver |
Last Day of Term | ||
| iShares MSCI All Country Asia ex Japan ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped ETF, Inc. |
November 30, 2014 | ||
| iShares Emerging Markets Infrastructure ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped ETF, Inc. |
June 30, 2015 | ||
| iShares 2015 AMT-Free Muni Term ETF* |
With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.18%. | Upon the termination date of the fund | ||
| iShares 2016 AMT-Free Muni Term ETF* |
With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.18%. | Upon the termination date of the fund | ||
| iShares 2017 AMT-Free Muni Term ETF* |
With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.18%. | Upon the termination date of the fund | ||
| iShares 2018 AMT-Free Muni Term ETF* |
With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.18%. | Upon the termination date of the fund | ||
| iShares 2019 AMT-Free Muni Term ETF* |
With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.18%. | Upon the termination date of the fund | ||
| iShares 2020 AMT-Free Muni Term ETF* |
With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.18%. | Upon the termination date of the fund | ||
| iShares National AMT-Free Muni Bond ETF* |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped ETF, Inc. |
June 30, 2015 | ||
| iShares 0-5 Year High Yield Corporate Bond ETF* |
With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.30%. | February 29, 2016 | ||
| iShares 0-5 Year TIPS Bond ETF* |
With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.10%. | February 29, 2016 | ||
| iShares MSCI ACWI ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped ETF, Inc. |
November 30, 2014 | ||
| iShares MSCI ACWI ex U.S. ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped ETF, Inc. |
November 30, 2014 | ||
| iShares Core MSCI Total International Stock ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped ETF, Inc. |
November 30, 2014 | ||
| iShares Currency Hedged MSCI EAFE ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped ETF, Inc. |
November 30, 2015 | ||
| iShares Currency Hedged MSCI Germany ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped ETF, Inc. |
December 31, 2015 | ||
| iShares Currency Hedged MSCI Japan ETF |
With respect to the Fund, an amount equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investments in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped ETF, Inc., provided that the waiver be no greater than the Fund’s management fee (0.53%).
With respect to the Fund, an additional amount such that the
Fund’s Total Annual Fund Operating Expenses After Fee Waivers will be equal to the greater of Acquired Fund Fees and |
December 31, 2015 | ||
| iShares Currency Hedged MSCI EMU ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the
instructions to
In addition, with respect to the Fund, a reduction in the management fee on assets attributable to the Fund’s investments in EZU (and those assets used to hedge the securities in EZU against the U.S. dollar) such that it is equal to the management fee of EZU plus 0.03%. |
December 31, 2015 | ||
| iShares Yield Optimized Bond ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped ETF, Inc. |
February 29, 2016 | ||
(all percentages are expressed as a percentage of average daily net assets)
| Fund |
Advisory Fee Waiver |
Last Day of Term | ||
| iSharesBond Mar 2016 Corporate Term ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other funds advised by BFA or its affiliates. |
Upon the termination date of the fund | ||
| iSharesBond Dec 2016 Corporate Term ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other funds advised by BFA or its affiliates. |
Upon the termination date of the fund | ||
| iSharesBond Mar 2018 Corporate Term ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other funds advised by BFA or its affiliates. |
Upon the termination date of the fund | ||
| iSharesBond Dec 2018 Corporate Term ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other funds advised by BFA or its affiliates. |
Upon the termination date of the fund | ||
| iSharesBond Mar 2020 Corporate Term ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other funds advised by BFA or its affiliates. |
Upon the termination date of the fund | ||
| iSharesBond Mar 2023 Corporate Term ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other funds advised by BFA or its affiliates. |
Upon the termination date of the fund | ||
| iShares Australian Dollar ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates. |
December 31, 2015 | ||
| iShares British Pound ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates. |
December 31, 2015 | ||
| iShares Canadian Dollar ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates. |
December 31, 2015 | ||
| iShares Chinese Offshore Renminbi ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates. |
December 31, 2015 | ||
| iShares Euro ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates. |
December 31, 2015 | ||
| iShares Japanese Yen ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates. |
December 31, 2015 | ||
| iShares Mexican Peso ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates. |
December 31, 2015 | ||
| iShares New Zealand Dollar ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates. |
December 31, 2015 | ||
| iShares Norwegian Krone ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates. |
December 31, 2015 | ||
| iShares Singapore Dollar ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates. |
December 31, 2015 | ||
| iShares Swedish Krona ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates. |
December 31, 2015 | ||
| iShares Swiss Franc ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates. |
December 31, 2015 | ||
| iShares Thai Offshore Baht ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates. |
December 31, 2015 | ||
| iShares Turkish Lira ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates. |
December 31, 2015 | ||
| iShares MSCI EAFE Minimum Volatility ETF |
With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.20%. | December 31, 2014 | ||
| iShares Human Rights ETF |
With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.19%. | December 31, 2015 | ||
| iShares Morningstar Multi-Asset Income ETF |
With respect to the Fund, any portion of its management fee necessary so as not to exceed a net total expense ratio of 0.60%. | December 31, 2014 | ||
| iShares GNMA Bond ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other registered investment companies. |
December 31, 2015 | ||
| iShares MSCI Emerging Markets Latin America ETF |
With respect to the Fund, an amount equal to the aggregate Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to investments by the Fund in other series of iShares Trust, iShares, Inc. and iShares MSCI Russia Capped ETF, Inc. |
December 31, 2014 | ||
| iShares MSCI Emerging Markets Latin America ETF |
With respect to the Fund, any additional portion of its management fee necessary so as not to exceed a net total expense ratio of 0.49%. | December 31, 2014 | ||
| * | Implementation of the waiver will begin on May 23, 2014. |
(all percentages are expressed as a percentage of average daily net assets)
| Fund |
Advisory Fee Waiver | Last Day of Term | ||||
| iShares Conservative Allocation ETF |
0.14 | % | November 30, 2014 | |||
| iShares Moderate Allocation ETF |
0.14 | % | November 30, 2014 | |||
| iShares Growth Allocation ETF |
0.14 | % | November 30, 2014 | |||
| iShares Aggressive Allocation ETF |
0.14 | % | November 30, 2014 | |||
| iShares Target Date Retirement Income ETF |
0.14 | % | November 30, 2014 | |||
| iShares Target Date 2010 ETF |
0.14 | % | November 30, 2014 | |||
| iShares Target Date 2015 ETF |
0.14 | % | November 30, 2014 | |||
| iShares Target Date 2020 ETF |
0.14 | % | November 30, 2014 | |||
| iShares Target Date 2025 ETF |
0.14 | % | November 30, 2014 | |||
| iShares Target Date 2030 ETF |
0.14 | % | November 30, 2014 | |||
| iShares Target Date 2035 ETF |
0.14 | % | November 30, 2014 | |||
| iShares Target Date 2040 ETF |
0.14 | % | November 30, 2014 | |||
| iShares Target Date 2045 ETF |
0.14 | % | November 30, 2014 | |||
| iShares Target Date 2050 ETF |
0.14 | % | November 30, 2014 | |||
| iShares Treasury Floating Rate Bond ETF |
0.15 | % | February 28, 2015 | |||
Exhibit (d.6)
| XXXXXXX TRUST on behalf of each FUND | BLACKROCK FUND ADVISORS | |||||||
| By: | /s/ Xxxx Xxx |
By: | /s/ Xxxxxx Xxxx | |||||
| Xxxx Xxx Chief Financial Officer, iShares Trust |
Xxxxxx Xxxx Managing Director | |||||||
Dated: May 15-16, 2014
[Signature Page to Amended Schedule A of Master Advisory Fee Waiver Agreement]
