SCHEDULE A Master Advisory Fee Waiver Agreement for iShares Trust Exhibit (d.5) (Amended as of March 15-16, 2018)
| SCHEDULE A | ||
| Master Advisory Fee Waiver Agreement for iShares Trust | Exhibit (d.5) | |
| (Amended as of March 15-16, 2018) |
(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 and iShares, Inc. | November 30, 2021 | ||
| 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 and iShares, Inc. | July 31, 2022 | ||
| iShares National 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 and iShares, Inc. | June 30, 2026 | ||
| iShares MBS ETF | With respect to the Fund, a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.09%. | February 28, 2023 | ||
| 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 and iShares, Inc. | November 30, 2021 | ||
| 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 and iShares, Inc. | November 30, 2021 | ||
| 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 and iShares, Inc. | November 30, 2021 | ||
| iShares Currency Hedged MSCI EAFE ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI EAFE ETF (EFA), after taking into account any fee waivers by EFA, plus 0.03%. | November 30, 2020 | ||
| 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 and iShares, Inc. | December 31, 2020 | ||
| iShares Currency Hedged MSCI Japan ETF | With respect to the Fund, an amount equal to the Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to the Fund’s investments in other series of iShares Trust and iShares, 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 waiver will be equal to the greater of Acquired Fund Fees and Expenses or 0.48%. |
December 31, 2020 | ||
| iShares Currency Hedged MSCI Eurozone ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI Eurozone ETF (EZU), after taking into account any fee waivers by EZU, plus 0.03%. | December 31, 2020 | ||
| iShares Currency Hedged MSCI ACWI ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI ACWI ETF (ACWI), after taking into account any fee waivers by ACWI, plus 0.03%. | November 30, 2020 | ||
| iShares Currency Hedged MSCI ACWI ex U.S. ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI ACWI ex U.S. ETF (ACWX), after taking into account any fee waivers by ACWX, plus 0.03%. | November 30, 2020 | ||
| iShares Currency Hedged MSCI Australia ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI Australia ETF (EWA), after taking into account any fee waivers by XXX, plus 0.03%. | December 31, 2020 | ||
| iShares Currency Hedged MSCI Canada ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI Canada ETF (EWC), after taking into account any fee waivers by EWC, plus 0.03%. | December 31, 2020 | ||
| iShares Currency Hedged MSCI EAFE Small-Cap ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI EAFE Small-Cap ETF (SCZ), after taking into account any fee waivers by SCZ, plus 0.03%. | November 30, 2020 | ||
| iShares Currency Hedged MSCI Mexico ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiveris equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI Mexico Capped ETF (EWW), after taking into account any fee waivers by EWW, plus 0.03%. | December 31, 2020 | ||
| iShares Currency Hedged MSCI Spain ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI Spain Capped ETF (EWP), after taking into account any fee waivers by EWP, plus 0.03%. | December 31, 2020 | ||
| iShares Currency Hedged MSCI Switzerland ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI Switzerland Capped ETF (EWL), after taking into account any fee waivers by EWL, plus 0.03%. | December 31, 2020 | ||
| iShares Currency Hedged MSCI Italy ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after this fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI Italy Capped ETF (EWI), after taking into account any fee waivers by EWI, plus 0.03%.
|
December 31, 2020 | ||
| In addition, with respect to the Fund, a reduction in the management fee by an additional amount equal to 0.03%. | December 31, 2020 | |||
| iShares Currency Hedged MSCI South Korea ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after this fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI South Korea Capped ETF (XXX), after taking into account any fee waivers by XXX, plus 0.03%.
|
December 31, 2020 | ||
| In addition, with respect to the Fund, a reduction in the management fee by an additional amount equal to 0.03%. | December 31, 2020 | |||
| iShares Currency Hedged MSCI United Kingdom ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after this fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI United Kingdom ETF (EWU), after taking into account any fee waivers by EWU, plus 0.03%.
|
December 31, 2020 | ||
| In addition, with respect to the Fund, a reduction in the management fee by an additional amount equal to 0.03%. | December 31, 2020 | |||
| iShares Currency Hedged JPX-Nikkei 400 ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares JPX-Nikkei 400 ETF (JPXN), after taking into account any fee waivers by JPXN. | July 31, 2020 | ||
| iShares Currency Hedged International High Yield Bond ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares International High Yield Bond ETF (HYXU), after taking into account any fee waivers by HYXU, plus 0.03%. | February 28, 2022 | ||
| iShares Edge MSCI Min Vol EAFE Currency Hedged ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares Edge MSCI Min Vol EAFE ETF (EFAV), after taking into account any fee waivers by EFAV, plus 0.03%. | November 30, 2020 | ||
| iShares Edge MSCI Min Vol Global Currency Hedged ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares Edge MSCI Min Vol Global ETF (ACWV), after taking into account any fee waivers by ACWV, plus 0.03%. | December 31, 2020 | ||
| iShares Edge MSCI Min Vol Europe Currency Hedged ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI Edge MSCI Min Vol Europe ETF (EUMV), after taking into account any fee waivers by EUMV, plus 0.03%. | November 30, 2020 | ||
| iShares Edge U.S. Fixed Income Balanced Risk 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. | February 29, 2024 | ||
| iShares Currency Hedged MSCI Europe Small-Cap ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI Europe Small-Cap ETF (IEUS), after taking into account any fee waivers by IEUS, plus 0.03%. | November 30, 2020 | ||
| iShares Adaptive Currency Hedged MSCI EAFE ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI EAFE ETF (EFA), after taking into account any fee waivers by EFA, plus 0.03%. | November 30, 2020 | ||
| iShares Adaptive Currency Hedged MSCI Eurozone ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI Eurozone ETF (EZU), after taking into account any fee waivers by EZU, plus 0.03%. | December 31, 2020 | ||
| iShares Adaptive Currency Hedged MSCI Japan ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Fund’s total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Fund’s investment in the iShares MSCI Japan ETF (EWJ), after taking into account any fee waivers by EWJ. | December 31, 2020 | ||
| iShares iBonds Dec 2017 Term Corporate 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 iBonds Mar 2018 Term Corporate 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 iBonds Dec 2018 Term Corporate 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 iBonds Dec 2019 Term Corporate 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 iBonds Mar 2020 Term Corporate 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 iBonds Dec 2020 Term Corporate 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 iBonds Dec 2021 Term Corporate 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 iBonds Dec 2022 Term Corporate 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 iBonds Mar 2023 Term Corporate 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 iBonds Dec 2023 Term Corporate 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 iBonds Dec 2024 Term Corporate 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 iBonds Dec 2025 Term Corporate 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 iBonds Dec 2026 Term Corporate 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 iBonds Dec 2027 Term Corporate 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 iBonds Mar 2018 Term Corporate ex-Financials 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 iBonds Mar 2020 Term Corporate ex-Financials 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 iBonds Mar 2023 Term Corporate ex-Financials 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 High Yield High Beta ETF | With respect to the Fund, a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.35%. | February 29, 2020 | ||
| iShares High Yield Low Beta ETF | With respect to the Fund, a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.35%. | February 29, 2020 | ||
| iShares Edge MSCI Min Vol EAFE ETF | With respect to the Fund, a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.20%. | November 30, 2021 | ||
| iShares Morningstar Multi-Asset Income ETF | With respect to the Fund, a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.60%. | November 30, 2021 | ||
| 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. | February 29, 2024 | ||
| iShares Core U.S. Aggregate 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 advised by BFA, or its affiliates. | June 30, 2026 | ||
| iShares Core 1-5 Year USD 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 advised by BFA, or its affiliates. | February 29, 2024 | ||
| iShares Core Total USD Bond Market 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. | February 29, 2024 | ||
| iShares Edge MSCI Multifactor Global 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 and iShares, Inc. | November 30, 2025 | ||
| iShares Core 5-10 Year USD 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 advised by BFA, or its affiliates | February 28, 2021 | ||
| iShares Core Conservative Allocation ETF
(Effective December 1, 2016) |
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 and iShares, Inc. | November 30, 2021 | ||
| iShares Core Moderate Allocation ETF
(Effective December 1, 2016) |
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 and iShares, Inc. | November 30, 2021 | ||
| iShares Core Growth Allocation ETF
(Effective December 1, 2016) |
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 and iShares, Inc. | November 30, 2021 | ||
| iShares Core Aggressive Allocation ETF
(Effective December 1, 2016) |
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 and iShares, Inc. | November 30, 2021 | ||
| iShares Xxxxxxx 2500 ETF | With respect to the Fund, an amount equal to the Acquired Fund Fees and Expenses (as defined by the SEC in the instructions to form N-1A), if any, attributable to the Fund’s investments in other series of iShares Trust and iShares, Inc., provided that the waiver be no greater than the Fund’s management fee (0.15%). | July 31, 2022 | ||
(all percentages are expressed as a percentage of average daily net assets)
| Fund |
Advisory Fee Waiver |
Last Day of Term | ||
| iShares Yield Optimized Bond ETF |
0.28% | February 28, 2021 |
| XXXXXXX TRUST on behalf of each FUND | BLACKROCK FUND ADVISORS | |||||
| By: | /s/ Xxxx Xxx |
By: | /s/ Xxxxx Xxxxx | |||
| Xxxx Xxx Chief Financial Officer, iShares Trust |
Xxxxx Xxxxx Managing Director | |||||
Dated: March 15-16, 2018
[Signature Page to Amended Schedule A of Master Advisory Fee Waiver Agreement]
