AAXJ Fees and Costs — iShares MSCI All Country Asia ex Japan ETF
Data updated: 2026-10-13
The net expense ratio is 0.72%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $540K in broker commissions, 0.0157% of average net assets, and portfolio turnover was 10%.
AAXJ Fees and Expenses
Annual operating expenses and sales charges of AAXJ. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.72% |
| Fee waiver | — |
| Net expense ratio | 0.72% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
AAXJ Costs Over Time
On $10,000 invested in AAXJ, assuming 5% a year before costs, total costs come to $463 over 5 years, cutting the return by 0.77% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.72%) | $76 | $237 | $411 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $254 | $463 |
| Value after costs | $10,423 | $11,323 | $12,300 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
AAXJ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0157%
- Total broker commissions: $540K
- Bought from dealers (principal trades, not a cost): $1.2B
- Portfolio turnover (prospectus): 10%
AAXJ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $147K | 28.16% |
| UBS Securities LLC | $134K | 25.65% |
| BofA Securities, Inc. | $74K | 14.30% |
| Morgan Stanley & Co. LLC | $45K | 8.59% |
| Macquarie Capital (USA) Inc. | $44K | 8.36% |
| CLSA Americas, LLC | $21K | 4.02% |
| Goldman Sachs & Co. LLC | $20K | 3.84% |
| Citigroup Global Markets Inc. | $14K | 2.73% |
| Jefferies LLC | $13K | 2.57% |
| BNP Paribas Securities Corp. | $9K | 1.77% |
AAXJ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $897.2M | 77.60% |
| J.P. Morgan Securities LLC | $92.6M | 8.01% |
| UBS Securities LLC | $64.3M | 5.57% |
| BofA Securities, Inc. | $47.0M | 4.06% |
| Macquarie Capital (USA) Inc. | $37.1M | 3.21% |
| Goldman Sachs & Co. LLC | $18.0M | 1.56% |
| Jefferies LLC | $5K | 0.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.