C000157304 Fees and Costs — iShares Currency Hedged MSCI Australia ETF
Data updated: 2020-09-08
The net expense ratio is 0.53% (1.12% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $132 in broker commissions, 0.0107% of average net assets, and portfolio turnover was 11%.
C000157304 Fees and Expenses
Annual operating expenses and sales charges of C000157304. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.12% |
| Fee waiver | −0.59% |
| Net expense ratio | 0.53% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000157304 Costs Over Time
On $10,000 invested in C000157304, assuming 5% a year before costs, total costs come to $341 over 5 years, cutting the return by 0.57% 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 0.53%) | $56 | $174 | $304 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $187 | $341 |
| Value after costs | $10,443 | $11,389 | $12,421 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
C000157304 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0107%
- Total broker commissions: $132
- Bought from dealers (principal trades, not a cost): $238K
- Portfolio turnover (prospectus): 11%
- Securities on loan, average value: $2.4B
- Net income from securities lending: $1K (0.085% of average net assets)
C000157304 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $57 | 43.50% |
| JPMorgan Chase & Co. | $34 | 26.11% |
| Jefferies LLC | $15 | 11.31% |
| BMO Capital Markets Corp. | $10 | 7.23% |
| UBS Securities LLC | $9 | 7.10% |
| Credit Suisse Securities (USA) LLC | $5 | 3.59% |
| Virtu Itg LLC | $1 | 0.81% |
| Barclays Capital Inc. | $0 | 0.19% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $0 | 0.15% |
C000157304 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $238K | 100.00% |
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.