ISRA Fees and Costs — VanEck Israel ETF
Data updated: 2026-08-26
The net expense ratio is 0.59%: a 0.50% management fee plus 0.14% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12K in broker commissions, 0.0115% of average net assets, and portfolio turnover was 8%.
ISRA Fees and Expenses
Annual operating expenses and sales charges of ISRA. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 0.64% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.59% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
ISRA Costs Over Time
On $10,000 invested in ISRA, assuming 5% a year before costs, total costs come to $379 over 5 years, cutting the return by 0.63% 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) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $208 | $379 |
| Value after costs | $10,437 | $11,369 | $12,384 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
ISRA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0115%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $26.9M
- Portfolio turnover (prospectus): 8%
- Securities on loan, average value: $7.6M
- Net income from securities lending: $117K (0.112% of average net assets)
ISRA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $6K | 49.19% |
| BofA Securities, Inc. | $5K | 44.68% |
| Morgan Stanley & Co. LLC | $519 | 4.31% |
| Citigroup Global Markets Inc. | $200 | 1.66% |
| J.P. Morgan Securities LLC | $20 | 0.16% |
ISRA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $12.5M | 46.47% |
| BofA Securities, Inc. | $12.0M | 44.37% |
| UBS Securities LLC | $2.5M | 9.16% |
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.