C000157307 Fees and Costs — iShares Currency Hedged MSCI Italy ETF
Data updated: 2020-09-08
The net expense ratio is 0.49% (1.11% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $116 in broker commissions, 0.0062% of average net assets, and portfolio turnover was 8%.
C000157307 Fees and Expenses
Annual operating expenses and sales charges of C000157307. 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 | 1.11% |
| Fee waiver | −0.62% |
| Net expense ratio | 0.49% |
| 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 |
C000157307 Costs Over Time
On $10,000 invested in C000157307, assuming 5% a year before costs, total costs come to $314 over 5 years, cutting the return by 0.52% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $171 | $314 |
| Value after costs | $10,448 | $11,405 | $12,449 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
C000157307 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): 0.0062%
- Total broker commissions: $116
- Bought from dealers (principal trades, not a cost): $1.1M
- Portfolio turnover (prospectus): 8%
- Securities on loan, average value: —
- Net income from securities lending: $7K (0.361% of average net assets)
C000157307 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase & Co. | $50 | 42.58% |
| Citigroup Global Markets Inc. | $29 | 25.01% |
| UBS Securities LLC | $17 | 14.40% |
| Barclays Capital Inc. | $11 | 9.56% |
| BMO Capital Markets Corp. | $4 | 3.73% |
| Credit Suisse Securities (USA) LLC | $4 | 3.34% |
| Virtu Itg LLC | $1 | 0.95% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $0 | 0.42% |
C000157307 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $750K | 70.43% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $315K | 29.57% |
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.