EWI Fees and Costs — iShares MSCI Italy 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 $22K in broker commissions, 0.0048% of average net assets, and portfolio turnover was 13%.
EWI Fees and Expenses
Annual operating expenses and sales charges of EWI. 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 |
EWI Costs Over Time
On $10,000 invested in EWI, assuming 5% a year before costs, total costs come to $319 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) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $174 | $319 |
| Value after costs | $10,447 | $11,402 | $12,444 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
EWI 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): 0.0048%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $1.0B
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $3.9M
- Net income from securities lending: $9K (0.002% of average net assets)
EWI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $4K | 17.22% |
| RBC Capital Markets, LLC | $3K | 16.63% |
| BNP Paribas Securities Corp. | $3K | 16.07% |
| Barclays Capital Inc. | $3K | 14.04% |
| Morgan Stanley & Co. LLC | $3K | 12.40% |
| Goldman Sachs & Co. LLC | $2K | 8.05% |
| UBS Securities LLC | $1K | 5.30% |
| Jefferies LLC | $995 | 4.78% |
| BofA Securities, Inc. | $581 | 2.79% |
| Wells Fargo Securities, LLC | $566 | 2.72% |
EWI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $497.3M | 48.05% |
| Jane Street Capital, LLC | $170.3M | 16.45% |
| Goldman Sachs & Co. LLC | $126.4M | 12.22% |
| BNP Paribas Securities Corp. | $91.6M | 8.85% |
| UBS Securities LLC | $43.5M | 4.20% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $40.7M | 3.93% |
| Virtu Americas LLC | $30.7M | 2.97% |
| BofA Securities, Inc. | $22.9M | 2.22% |
| Citigroup Global Markets Inc. | $11.5M | 1.11% |
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.