EZA Fees and Costs — iShares MSCI South Africa ETF
Data updated: 2026-07-27
The net expense ratio is 0.59%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $59K in broker commissions, 0.0168% of average net assets, and portfolio turnover was 19%.
EZA Fees and Expenses
Annual operating expenses and sales charges of EZA. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| 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 |
EZA Costs Over Time
On $10,000 invested in EZA, assuming 5% a year before costs, total costs come to $383 over 5 years, cutting the return by 0.64% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $209 | $383 |
| Value after costs | $10,436 | $11,367 | $12,380 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
EZA 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): 0.0168%
- Total broker commissions: $59K
- Bought from dealers (principal trades, not a cost): $173.8M
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $733K
- Net income from securities lending: $18K (0.005% of average net assets)
EZA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $17K | 29.35% |
| Morgan Stanley & Co. LLC | $16K | 26.78% |
| J.P. Morgan Securities LLC | $14K | 24.17% |
| Citigroup Global Markets Inc. | $7K | 11.88% |
| Barclays Capital Inc. | $4K | 6.61% |
| HSBC Securities (USA) Inc. | $613 | 1.05% |
| UBS Securities LLC | $99 | 0.17% |
EZA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $57.0M | 32.77% |
| Goldman Sachs & Co. LLC | $56.1M | 32.29% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $33.0M | 18.99% |
| BofA Securities, Inc. | $13.5M | 7.78% |
| UBS Securities LLC | $8.6M | 4.95% |
| Citigroup Global Markets Inc. | $5.6M | 3.22% |
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.