EMXC Fees and Costs — iShares MSCI Emerging Markets ex China ETF
Data updated: 2026-07-27
The net expense ratio is 0.25%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4.4M in broker commissions, 0.0295% of average net assets, and portfolio turnover was 15%.
EMXC Fees and Expenses
Annual operating expenses and sales charges of EMXC. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
EMXC Costs Over Time
On $10,000 invested in EMXC, assuming 5% a year before costs, total costs come to $177 over 5 years, cutting the return by 0.29% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $5 | $16 |
| Total costs | $29 | $97 | $177 |
| Value after costs | $10,471 | $11,479 | $12,585 |
| Impact on return, per year | 0.29% | 0.29% | 0.29% |
EMXC 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): 0.0295%
- Total broker commissions: $4.4M
- Bought from dealers (principal trades, not a cost): $7.2B
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $88.0M
- Net income from securities lending: $2.9M (0.019% of average net assets)
EMXC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $2.2M | 50.68% |
| BofA Securities, Inc. | $756K | 17.64% |
| Morgan Stanley & Co. LLC | $308K | 7.20% |
| J.P. Morgan Securities LLC | $254K | 5.94% |
| Goldman Sachs & Co. LLC | $232K | 5.42% |
| Citigroup Global Markets Inc. | $159K | 3.72% |
| Macquarie Capital (USA) Inc. | $124K | 2.90% |
| CLSA Americas, LLC | $107K | 2.50% |
| HSBC Securities (USA) Inc. | $106K | 2.49% |
| BTG Pactual US Capital, LLC | $66K | 1.53% |
EMXC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $6.1B | 84.85% |
| UBS Securities LLC | $693.6M | 9.57% |
| BofA Securities, Inc. | $225.9M | 3.12% |
| Goldman Sachs & Co. LLC | $87.4M | 1.21% |
| Morgan Stanley & Co. LLC | $54.1M | 0.75% |
| Citigroup Global Markets Inc. | $36.5M | 0.50% |
| J.P. Morgan Securities LLC | $2 | 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.