C000157310 Fees and Costs — iShares Currency Hedged MSCI Spain 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 $721 in broker commissions, 0.0056% of average net assets, and portfolio turnover was 6%.
C000157310 Fees and Expenses
Annual operating expenses and sales charges of C000157310. 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 |
C000157310 Costs Over Time
On $10,000 invested in C000157310, assuming 5% a year before costs, total costs come to $338 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 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $185 | $338 |
| Value after costs | $10,444 | $11,391 | $12,425 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
C000157310 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): 0.0056%
- Total broker commissions: $721
- Bought from dealers (principal trades, not a cost): $10.3M
- Portfolio turnover (prospectus): 6%
- Securities on loan, average value: $488K
- Net income from securities lending: $46K (0.354% of average net assets)
C000157310 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase & Co. | $269 | 37.30% |
| Citigroup Global Markets Inc. | $214 | 29.75% |
| Jefferies LLC | $84 | 11.66% |
| Credit Suisse Securities (USA) LLC | $70 | 9.74% |
| UBS Securities LLC | $41 | 5.71% |
| BMO Capital Markets Corp. | $33 | 4.58% |
| Virtu Itg LLC | $8 | 1.17% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1 | 0.10% |
C000157310 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $5.2M | 50.03% |
| National Securities Clearing Corporation | $5.2M | 49.97% |
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.