ERUS Fees and Costs — iShares MSCI Russia ETF
Data updated: 2026-07-24
The net expense ratio is 0.09% (0.68% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.1302% of average net assets, and portfolio turnover was 0%.
ERUS Fees and Expenses
Annual operating expenses and sales charges of ERUS. 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 | 0.68% |
| Fee waiver | −0.59% |
| Net expense ratio | 0.09% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
ERUS Costs Over Time
On $10,000 invested in ERUS, assuming 5% a year before costs, total costs come to $140 over 5 years, cutting the return by 0.23% 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 0.09%) | $9 | $30 | $52 |
| Trading costs (broker commissions) | $14 | $43 | $75 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $23 | $76 | $140 |
| Value after costs | $10,477 | $11,500 | $12,623 |
| Impact on return, per year | 0.23% | 0.23% | 0.23% |
ERUS 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): 0.1302%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $134.0M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
ERUS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $4K | 79.32% |
| BofA Securities, Inc. | $1K | 19.40% |
| BMO Capital Markets Corp. | $67 | 1.28% |
ERUS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $95.7M | 71.42% |
| Citigroup Global Markets Inc. | $38.3M | 28.58% |
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.