C000157305 Fees and Costs — iShares Currency Hedged MSCI Canada ETF
Data updated: 2023-11-13
The net expense ratio is 0.53% (1.12% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1K in broker commissions, 0.0076% of average net assets, and portfolio turnover was 10%.
C000157305 Fees and Expenses
Annual operating expenses and sales charges of C000157305. Prospectus, as of December 31, 2022.
| 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 |
C000157305 Costs Over Time
On $10,000 invested in C000157305, assuming 5% a year before costs, total costs come to $339 over 5 years, cutting the return by 0.56% 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 | $3 | $4 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $186 | $339 |
| Value after costs | $10,444 | $11,391 | $12,423 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
C000157305 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): 0.0076%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $16.9M
- Portfolio turnover (prospectus): 10%
- Securities on loan, average value: $929K
- Net income from securities lending: $34K (0.224% of average net assets)
C000157305 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $515 | 44.41% |
| Goldman Sachs & Co. LLC | $231 | 19.88% |
| RBC Capital Markets, LLC | $212 | 18.31% |
| BNP Paribas Securities Corp. | $102 | 8.78% |
| Credit Suisse Securities (USA) LLC | $54 | 4.64% |
| Barclays Capital Inc. | $34 | 2.96% |
| Cowen and Company, LLC | $7 | 0.56% |
| Morgan Stanley & Co. LLC | $3 | 0.28% |
| BNY Mellon Capital Markets, LLC | $1 | 0.10% |
| Citigroup Global Markets Inc. | $1 | 0.07% |
C000157305 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $13.2M | 78.42% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $3.6M | 21.58% |
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.