MCHI Fees and Costs — iShares MSCI China 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 $1.4M in broker commissions, 0.0231% of average net assets, and portfolio turnover was 12%.
MCHI Fees and Expenses
Annual operating expenses and sales charges of MCHI. 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 |
MCHI Costs Over Time
On $10,000 invested in MCHI, assuming 5% a year before costs, total costs come to $386 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 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $212 | $386 |
| Value after costs | $10,436 | $11,365 | $12,376 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
MCHI 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): 0.0231%
- Total broker commissions: $1.4M
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 12%
- Securities on loan, average value: $70.7M
- Net income from securities lending: $1.2M (0.020% of average net assets)
MCHI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $502K | 37.88% |
| UBS Securities LLC | $433K | 32.67% |
| Goldman Sachs & Co. LLC | $107K | 8.10% |
| J.P. Morgan Securities LLC | $65K | 4.94% |
| Macquarie Capital (USA) Inc. | $60K | 4.55% |
| Barclays Capital Inc. | $44K | 3.34% |
| CLSA Americas, LLC | $43K | 3.27% |
| Citigroup Global Markets Inc. | $25K | 1.86% |
| HSBC Securities (USA) Inc. | $23K | 1.77% |
| BNP Paribas Securities Corp. | $21K | 1.61% |
MCHI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $1.2B | 46.62% |
| BofA Securities, Inc. | $557.2M | 22.12% |
| UBS Securities LLC | $519.2M | 20.61% |
| Goldman Sachs & Co. LLC | $237.9M | 9.44% |
| J.P. Morgan Securities LLC | $17.6M | 0.70% |
| Macquarie Capital (USA) Inc. | $9.9M | 0.39% |
| Citigroup Global Markets Inc. | $1.9M | 0.08% |
| Jane Street Capital, LLC | $574K | 0.02% |
| Morgan Stanley & Co. LLC | $233K | 0.01% |
| SG Americas Securities, LLC | $64K | 0.00% |
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.