EWP Fees and Costs — iShares MSCI Spain 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 $108K in broker commissions, 0.0102% of average net assets, and portfolio turnover was 29%.
EWP Fees and Expenses
Annual operating expenses and sales charges of EWP. 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 |
EWP Costs Over Time
On $10,000 invested in EWP, assuming 5% a year before costs, total costs come to $322 over 5 years, cutting the return by 0.54% 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 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $54 | $176 | $322 |
| Value after costs | $10,446 | $11,400 | $12,441 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
EWP 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): 0.0102%
- Total broker commissions: $108K
- Bought from dealers (principal trades, not a cost): $735.9M
- Portfolio turnover (prospectus): 29%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $7K (0.001% of average net assets)
EWP Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $24K | 23.95% |
| SG Americas Securities, LLC | $22K | 22.33% |
| Barclays Capital Inc. | $14K | 14.39% |
| Nomura Securities International, Inc. | $13K | 12.92% |
| Morgan Stanley & Co. LLC | $7K | 7.29% |
| Goldman Sachs & Co. LLC | $5K | 5.26% |
| RBC Capital Markets, LLC | $5K | 4.94% |
| J.P. Morgan Securities LLC | $4K | 3.78% |
| Wells Fargo Securities, LLC | $3K | 2.90% |
| Citigroup Global Markets Inc. | $2K | 2.25% |
EWP Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $290.5M | 39.48% |
| Goldman Sachs & Co. LLC | $106.7M | 14.49% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $100.7M | 13.68% |
| UBS Securities LLC | $90.2M | 12.26% |
| J.P. Morgan Securities LLC | $74.6M | 10.13% |
| Citigroup Global Markets Inc. | $37.1M | 5.04% |
| Morgan Stanley & Co. LLC | $36.2M | 4.92% |
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.