ENOR Fees and Costs — iShares MSCI Norway ETF
Data updated: 2026-07-27
The net expense ratio is 0.53%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0059% of average net assets, and portfolio turnover was 12%.
ENOR Fees and Expenses
Annual operating expenses and sales charges of ENOR. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.53% |
| Fee waiver | — |
| Net expense ratio | 0.53% |
| 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 |
ENOR Costs Over Time
On $10,000 invested in ENOR, 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 | $12,424 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
ENOR 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): 0.0059%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $18.3M
- Portfolio turnover (prospectus): 12%
- Securities on loan, average value: $952K
- Net income from securities lending: $11K (0.033% of average net assets)
ENOR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $430 | 22.86% |
| Jefferies LLC | $362 | 19.21% |
| RBC Capital Markets, LLC | $231 | 12.29% |
| Morgan Stanley & Co. LLC | $225 | 11.96% |
| BNP Paribas Securities Corp. | $191 | 10.14% |
| J.P. Morgan Securities LLC | $166 | 8.84% |
| UBS Securities LLC | $93 | 4.93% |
| Barclays Capital Inc. | $65 | 3.45% |
| Goldman Sachs & Co. LLC | $63 | 3.37% |
| HSBC Securities (USA) Inc. | $56 | 2.95% |
ENOR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $14.7M | 80.21% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $3.6M | 19.79% |
| Citigroup Global Markets Inc. | $120 | 0.00% |
| Goldman Sachs & Co. LLC | $45 | 0.00% |
| UBS Securities LLC | $37 | 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.