HSCZ Fees and Costs — iShares Currency Hedged MSCI EAFE Small-Cap ETF
Data updated: 2026-10-13
The net expense ratio is 0.43% (0.83% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $10K in broker commissions, 0.0051% of average net assets, and portfolio turnover was 16%.
HSCZ Fees and Expenses
Annual operating expenses and sales charges of HSCZ. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.43% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.83% |
| Fee waiver | −0.40% |
| Net expense ratio | 0.43% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
HSCZ Costs Over Time
On $10,000 invested in HSCZ, assuming 5% a year before costs, total costs come to $275 over 5 years, cutting the return by 0.46% 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 0.43%) | $45 | $142 | $247 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $46 | $150 | $275 |
| Value after costs | $10,454 | $11,426 | $12,488 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
HSCZ 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): 0.0051%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $120.5M
- Portfolio turnover (prospectus): 16%
HSCZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $5K | 52.14% |
| BofA Securities, Inc. | $3K | 27.06% |
| Jane Street Capital, LLC | $804 | 8.28% |
| J.P. Morgan Securities LLC | $800 | 8.24% |
| Jefferies LLC | $366 | 3.77% |
| Morgan Stanley & Co. LLC | $26 | 0.27% |
| Cowen and Company, LLC | $20 | 0.21% |
| UBS Securities LLC | $3 | 0.03% |
HSCZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $35.7M | 29.66% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $32.9M | 27.28% |
| Virtu Americas LLC | $19.5M | 16.22% |
| BofA Securities, Inc. | $14.0M | 11.59% |
| Goldman Sachs & Co. LLC | $9.4M | 7.77% |
| National Securities Clearing Corporation | $9.0M | 7.47% |
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.