EWA Fees and Costs — iShares MSCI Australia 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 $48K in broker commissions, 0.0032% of average net assets, and portfolio turnover was 6%.
EWA Fees and Expenses
Annual operating expenses and sales charges of EWA. 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 |
EWA Costs Over Time
On $10,000 invested in EWA, assuming 5% a year before costs, total costs come to $318 over 5 years, cutting the return by 0.53% 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) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $174 | $318 |
| Value after costs | $10,447 | $11,402 | $12,445 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
EWA 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): 0.0032%
- Total broker commissions: $48K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 6%
- Securities on loan, average value: $2.0M
- Net income from securities lending: $13K (0.001% of average net assets)
EWA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $14K | 31.23% |
| Goldman Sachs & Co. LLC | $5K | 12.09% |
| BofA Securities, Inc. | $4K | 9.72% |
| Nomura Securities International, Inc. | $4K | 9.06% |
| Macquarie Capital (USA) Inc. | $4K | 8.85% |
| Citigroup Global Markets Inc. | $4K | 7.84% |
| Jefferies LLC | $3K | 6.72% |
| HSBC Securities (USA) Inc. | $3K | 6.00% |
| BNP Paribas Securities Corp. | $2K | 4.70% |
| Barclays Capital Inc. | $2K | 3.79% |
EWA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $391.1M | 37.13% |
| BofA Securities, Inc. | $246.7M | 23.42% |
| UBS Securities LLC | $121.9M | 11.57% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $119.5M | 11.34% |
| J.P. Morgan Securities LLC | $91.3M | 8.66% |
| Morgan Stanley & Co. LLC | $51.5M | 4.89% |
| Virtu Americas LLC | $21.4M | 2.04% |
| Macquarie Capital (USA) Inc. | $10.0M | 0.95% |
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.