ENZL Fees and Costs — iShares MSCI New Zealand ETF
Data updated: 2026-07-27
The net expense ratio is 0.50%: a 0.49% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $27K in broker commissions, 0.0339% of average net assets, and portfolio turnover was 37%.
ENZL Fees and Expenses
Annual operating expenses and sales charges of ENZL. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
ENZL Costs Over Time
On $10,000 invested in ENZL, assuming 5% a year before costs, total costs come to $337 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $184 | $337 |
| Value after costs | $10,444 | $11,392 | $12,426 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
ENZL 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): 0.0339%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $38.4M
- Portfolio turnover (prospectus): 37%
- Securities on loan, average value: $2.7M
- Net income from securities lending: $10K (0.013% of average net assets)
ENZL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jarden Securities Limited | $12K | 45.83% |
| Macquarie Capital (USA) Inc. | $6K | 20.65% |
| Goldman Sachs & Co. LLC | $5K | 17.01% |
| Nomura Securities International, Inc. | $2K | 7.24% |
| UBS Securities LLC | $1K | 4.20% |
| Citigroup Global Markets Inc. | $547 | 2.04% |
| Jefferies LLC | $468 | 1.75% |
| Craigs Investment Partners Limited | $122 | 0.46% |
| Barclays Capital Inc. | $110 | 0.41% |
| SG Americas Securities, LLC | $110 | 0.41% |
ENZL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $19.3M | 50.23% |
| J.P. Morgan Securities LLC | $13.8M | 35.96% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $4.8M | 12.39% |
| Jarden Securities Limited | $546K | 1.42% |
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.