EWC Fees and Costs — iShares MSCI Canada 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 $31K in broker commissions, 0.0011% of average net assets, and portfolio turnover was 4%.
EWC Fees and Expenses
Annual operating expenses and sales charges of EWC. 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 |
EWC Costs Over Time
On $10,000 invested in EWC, assuming 5% a year before costs, total costs come to $317 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 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $173 | $317 |
| Value after costs | $10,447 | $11,403 | $12,446 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
EWC 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): 0.0011%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): $2.3B
- Portfolio turnover (prospectus): 4%
- Securities on loan, average value: $13.7M
- Net income from securities lending: $28K (0.001% of average net assets)
EWC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BMO Capital Markets Corp. | $12K | 37.88% |
| RBC Capital Markets, LLC | $6K | 17.96% |
| Raymond James & Associates, Inc. | $3K | 10.84% |
| TD Securities (USA) LLC | $3K | 9.76% |
| National Bank of Canada Financial Inc. | $3K | 9.08% |
| UBS Securities LLC | $2K | 6.05% |
| Penserra Securities LLC | $1K | 4.04% |
| Scotia Capital (USA) Inc. | $880 | 2.82% |
| Nomura Securities International, Inc. | $486 | 1.56% |
| CIBC World Markets Corp. | $0 | 0.00% |
EWC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CIBC World Markets Corp. | $1.2B | 50.69% |
| J.P. Morgan Securities LLC | $540.6M | 23.30% |
| Goldman Sachs & Co. LLC | $262.2M | 11.30% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $155.6M | 6.71% |
| BofA Securities, Inc. | $136.2M | 5.87% |
| UBS Securities LLC | $28.3M | 1.22% |
| Citigroup Global Markets Inc. | $14.0M | 0.60% |
| BMO Capital Markets Corp. | $7.2M | 0.31% |
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.