EEM Fees and Costs — iShares MSCI Emerging Markets ETF
Data updated: 2026-07-27
The net expense ratio is 0.72%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.8M in broker commissions, 0.0104% of average net assets, and portfolio turnover was 8%.
EEM Fees and Expenses
Annual operating expenses and sales charges of EEM. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.72% |
| Fee waiver | — |
| Net expense ratio | 0.72% |
| 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 |
EEM Costs Over Time
On $10,000 invested in EEM, assuming 5% a year before costs, total costs come to $459 over 5 years, cutting the return by 0.77% 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 0.72%) | $76 | $237 | $411 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $252 | $459 |
| Value after costs | $10,423 | $11,324 | $12,303 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
EEM 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): 0.0104%
- Total broker commissions: $1.8M
- Bought from dealers (principal trades, not a cost): $3.5B
- Portfolio turnover (prospectus): 8%
- Securities on loan, average value: $401.7M
- Net income from securities lending: $6.6M (0.038% of average net assets)
EEM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $674K | 40.38% |
| BofA Securities, Inc. | $272K | 16.27% |
| J.P. Morgan Securities LLC | $199K | 11.91% |
| Morgan Stanley & Co. LLC | $177K | 10.62% |
| Goldman Sachs & Co. LLC | $104K | 6.21% |
| CLSA Americas, LLC | $74K | 4.44% |
| Citigroup Global Markets Inc. | $56K | 3.38% |
| Macquarie Capital (USA) Inc. | $41K | 2.47% |
| Barclays Capital Inc. | $36K | 2.17% |
| HSBC Securities (USA) Inc. | $36K | 2.13% |
EEM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $2.8B | 80.68% |
| UBS Securities LLC | $451.6M | 12.90% |
| BofA Securities, Inc. | $96.3M | 2.75% |
| Citigroup Global Markets Inc. | $65.8M | 1.88% |
| J.P. Morgan Securities LLC | $38.3M | 1.09% |
| Goldman Sachs & Co. LLC | $24.1M | 0.69% |
| Morgan Stanley & Co. LLC | $174K | 0.00% |
| SG Americas Securities, LLC | $44K | 0.00% |
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.