Utilize the input text as a context reference, choose the right relationship between iShares and Blackrock from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

This is a Blackrock iShares product and it costs just 0.07 per cent (or seven basis points) which is very cheap indeed.

Answer: operator