HAWX Fees and Costs — iShares Currency Hedged MSCI ACWI ex U.S. ETF
Data updated: 2026-10-13
The net expense ratio is 0.35% (0.70% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $22K in broker commissions, 0.0071% of average net assets, and portfolio turnover was 12%.
HAWX Fees and Expenses
Annual operating expenses and sales charges of HAWX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.70% |
| Fee waiver | −0.35% |
| Net expense ratio | 0.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
HAWX Costs Over Time
On $10,000 invested in HAWX, assuming 5% a year before costs, total costs come to $226 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $37 | $124 | $226 |
| Value after costs | $10,463 | $11,453 | $12,537 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
HAWX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0071%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $166.3M
- Portfolio turnover (prospectus): 12%
HAWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $13K | 60.38% |
| Barclays Capital Inc. | $3K | 15.78% |
| BofA Securities, Inc. | $2K | 11.08% |
| J.P. Morgan Securities LLC | $1K | 5.41% |
| Jane Street Capital, LLC | $1K | 4.65% |
| Jefferies LLC | $509 | 2.32% |
| Cowen and Company, LLC | $50 | 0.23% |
| UBS Securities LLC | $30 | 0.14% |
| TD Securities (USA) LLC | $7 | 0.03% |
HAWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $92.2M | 55.44% |
| Jane Street Capital, LLC | $32.3M | 19.42% |
| National Securities Clearing Corporation | $18.8M | 11.30% |
| BofA Securities, Inc. | $12.4M | 7.46% |
| Goldman Sachs & Co. LLC | $7.9M | 4.73% |
| Virtu Americas LLC | $2.8M | 1.66% |
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.