ECNS Fees and Costs — iShares MSCI China Small-Cap ETF
Data updated: 2026-07-27
The net expense ratio is 0.59%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $27K in broker commissions, 0.0402% of average net assets, and portfolio turnover was 35%.
ECNS Fees and Expenses
Annual operating expenses and sales charges of ECNS. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ECNS Costs Over Time
On $10,000 invested in ECNS, assuming 5% a year before costs, total costs come to $397 over 5 years, cutting the return by 0.66% 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) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $217 | $397 |
| Value after costs | $10,434 | $11,359 | $12,366 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
ECNS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0402%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $37.4M
- Portfolio turnover (prospectus): 35%
- Securities on loan, average value: $15.2M
- Net income from securities lending: $893K (1.339% of average net assets)
ECNS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $11K | 42.45% |
| Goldman Sachs & Co. LLC | $6K | 24.07% |
| Barclays Capital Inc. | $2K | 9.16% |
| HSBC Securities (USA) Inc. | $1K | 5.80% |
| BNP Paribas Securities Corp. | $1K | 5.29% |
| UBS Securities LLC | $1K | 4.56% |
| Nomura Securities International, Inc. | $688 | 2.75% |
| Morgan Stanley & Co. LLC | $564 | 2.26% |
| Citigroup Global Markets Inc. | $506 | 2.02% |
| CLSA Americas, LLC | $414 | 1.66% |
ECNS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $15.0M | 40.29% |
| Morgan Stanley & Co. LLC | $14.5M | 39.01% |
| BofA Securities, Inc. | $4.5M | 12.10% |
| J.P. Morgan Securities LLC | $2.1M | 5.52% |
| UBS Securities LLC | $1.1M | 3.08% |
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.