EWK Fees and Costs — iShares MSCI Belgium 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 $2K in broker commissions, 0.0085% of average net assets, and portfolio turnover was 17%.
EWK Fees and Expenses
Annual operating expenses and sales charges of EWK. 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 |
EWK Costs Over Time
On $10,000 invested in EWK, assuming 5% a year before costs, total costs come to $315 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) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $172 | $315 |
| Value after costs | $10,448 | $11,404 | $12,448 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
EWK 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): 0.0085%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $48.0M
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $151K
- Net income from securities lending: $1K (0.006% of average net assets)
EWK Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $622 | 35.62% |
| Morgan Stanley & Co. LLC | $458 | 26.22% |
| Citigroup Global Markets Inc. | $195 | 11.15% |
| Goldman Sachs & Co. LLC | $144 | 8.25% |
| UBS Securities LLC | $121 | 6.91% |
| RBC Capital Markets, LLC | $70 | 4.01% |
| Jefferies LLC | $58 | 3.31% |
| J.P. Morgan Securities LLC | $31 | 1.78% |
| Barclays Capital Inc. | $26 | 1.51% |
| BofA Securities, Inc. | $22 | 1.24% |
EWK Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $29.3M | 61.02% |
| Goldman Sachs & Co. LLC | $11.6M | 24.20% |
| Citigroup Global Markets Inc. | $3.3M | 6.94% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $2.1M | 4.31% |
| Virtu Americas LLC | $1.7M | 3.53% |
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.