C000108738 Fees and Costs — iShares MSCI Germany Small-Cap ETF
Data updated: 2023-11-13
The net expense ratio is 0.59%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1K in broker commissions, 0.0057% of average net assets, and portfolio turnover was 27%.
C000108738 Fees and Expenses
Annual operating expenses and sales charges of C000108738. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000108738 Costs Over Time
On $10,000 invested in C000108738, assuming 5% a year before costs, total costs come to $376 over 5 years, cutting the return by 0.63% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $63 | $206 | $376 |
| Value after costs | $10,437 | $11,371 | $12,387 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
C000108738 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0057%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $6.3M
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $1.9M
- Net income from securities lending: $75K (0.337% of average net assets)
C000108738 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $433 | 35.34% |
| Goldman Sachs & Co. LLC | $246 | 20.09% |
| Citigroup Global Markets Inc. | $197 | 16.06% |
| Exane, Inc. | $134 | 10.96% |
| Morgan Stanley & Co. LLC | $101 | 8.22% |
| Wells Fargo Securities, LLC | $33 | 2.65% |
| Nomura Securities International, Inc. | $28 | 2.31% |
| UBS Securities LLC | $23 | 1.86% |
| J.P. Morgan Securities LLC | $16 | 1.32% |
| SG Americas Securities, LLC | $15 | 1.20% |
C000108738 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $5.3M | 84.10% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $1.0M | 15.90% |
| UBS Securities LLC | $39 | 0.00% |
| RBC Capital Markets, LLC | $15 | 0.00% |
| Morgan Stanley & Co. LLC | $7 | 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.