C000157309 Fees and Costs — iShares Currency Hedged MSCI South Korea ETF
Data updated: 2020-09-08
The net expense ratio is 0.59% (1.36% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $639 in broker commissions, 0.0043% of average net assets, and portfolio turnover was 17%.
C000157309 Fees and Expenses
Annual operating expenses and sales charges of C000157309. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.77% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 1.36% |
| Fee waiver | −0.77% |
| Net expense ratio | 0.59% |
| 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 |
C000157309 Costs Over Time
On $10,000 invested in C000157309, assuming 5% a year before costs, total costs come to $375 over 5 years, cutting the return by 0.62% 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) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $205 | $375 |
| Value after costs | $10,438 | $11,371 | $12,388 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
C000157309 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): 0.0043%
- Total broker commissions: $639
- Bought from dealers (principal trades, not a cost): $101.0M
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $274K
- Net income from securities lending: $3K (0.023% of average net assets)
C000157309 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase & Co. | $271 | 42.43% |
| Citigroup Global Markets Inc. | $215 | 33.66% |
| BMO Capital Markets Corp. | $72 | 11.34% |
| Jefferies LLC | $35 | 5.55% |
| Credit Suisse Securities (USA) LLC | $27 | 4.20% |
| UBS Securities LLC | $11 | 1.79% |
| Barclays Capital Inc. | $7 | 1.03% |
C000157309 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $29.9M | 29.60% |
| Cantor Fitzgerald & Co. | $27.6M | 27.31% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $24.1M | 23.89% |
| JPMorgan Chase & Co. | $8.4M | 8.28% |
| Goldman Sachs & Co. LLC | $7.2M | 7.16% |
| Jane Street Capital, LLC | $2.7M | 2.64% |
| Citadel Securities LLC | $1.1M | 1.13% |
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.