EWG Fees and Costs — iShares MSCI Germany ETF
Data updated: 2026-07-27
The net expense ratio is 0.49%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $20K in broker commissions, 0.0012% of average net assets, and portfolio turnover was 2%.
EWG Fees and Expenses
Annual operating expenses and sales charges of EWG. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.49% |
| Fee waiver | — |
| Net expense ratio | 0.49% |
| 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 |
EWG Costs Over Time
On $10,000 invested in EWG, assuming 5% a year before costs, total costs come to $310 over 5 years, cutting the return by 0.52% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $52 | $170 | $310 |
| Value after costs | $10,448 | $11,406 | $12,452 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
EWG 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): 0.0012%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $2.6B
- Portfolio turnover (prospectus): 2%
- Securities on loan, average value: $7.9M
- Net income from securities lending: $48K (0.003% of average net assets)
EWG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $5K | 26.13% |
| BofA Securities, Inc. | $3K | 16.64% |
| Goldman Sachs & Co. LLC | $2K | 12.02% |
| Morgan Stanley & Co. LLC | $2K | 11.21% |
| Barclays Capital Inc. | $2K | 9.36% |
| Citigroup Global Markets Inc. | $1K | 5.95% |
| TD Securities (USA) LLC | $1K | 5.72% |
| J.P. Morgan Securities LLC | $949 | 4.79% |
| RBC Capital Markets, LLC | $887 | 4.47% |
| UBS Securities LLC | $737 | 3.72% |
EWG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $643.0M | 24.59% |
| J.P. Morgan Securities LLC | $619.8M | 23.70% |
| UBS Securities LLC | $575.2M | 22.00% |
| Goldman Sachs & Co. LLC | $345.6M | 13.22% |
| Citigroup Global Markets Inc. | $146.4M | 5.60% |
| Morgan Stanley & Co. LLC | $116.1M | 4.44% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $113.8M | 4.35% |
| Virtu Americas LLC | $55.0M | 2.10% |
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.