EWJ Fees and Costs — iShares MSCI Japan 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 $295K in broker commissions, 0.0020% of average net assets, and portfolio turnover was 6%.
EWJ Fees and Expenses
Annual operating expenses and sales charges of EWJ. 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 |
EWJ Costs Over Time
On $10,000 invested in EWJ, assuming 5% a year before costs, total costs come to $311 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 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $52 | $170 | $311 |
| Value after costs | $10,448 | $11,406 | $12,452 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
EWJ 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): 0.0020%
- Total broker commissions: $295K
- Bought from dealers (principal trades, not a cost): $7.9B
- Portfolio turnover (prospectus): 6%
- Securities on loan, average value: $13.6M
- Net income from securities lending: $78K (0.001% of average net assets)
EWJ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $73K | 26.84% |
| Nomura Securities International, Inc. | $47K | 17.10% |
| BofA Securities, Inc. | $32K | 11.86% |
| Citigroup Global Markets Inc. | $30K | 11.10% |
| BNP Paribas Securities Corp. | $23K | 8.39% |
| Goldman Sachs & Co. LLC | $19K | 7.04% |
| UBS Securities LLC | $16K | 5.72% |
| Barclays Capital Inc. | $13K | 4.73% |
| SG Americas Securities, LLC | $11K | 3.92% |
| Morgan Stanley & Co. LLC | $9K | 3.31% |
EWJ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $4.0B | 50.74% |
| BofA Securities, Inc. | $1.9B | 24.20% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $812.7M | 10.42% |
| J.P. Morgan Securities LLC | $584.3M | 7.49% |
| UBS Securities LLC | $225.5M | 2.89% |
| Morgan Stanley & Co. LLC | $211.3M | 2.71% |
| Citigroup Global Markets Inc. | $120.4M | 1.54% |
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.