QAT Fees and Costs — iShares MSCI Qatar ETF
Data updated: 2026-07-27
The net expense ratio is 0.60%: a 0.59% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $99K in broker commissions, 0.1392% of average net assets, and portfolio turnover was 29%.
QAT Fees and Expenses
Annual operating expenses and sales charges of QAT. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| 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 |
QAT Costs Over Time
On $10,000 invested in QAT, assuming 5% a year before costs, total costs come to $465 over 5 years, cutting the return by 0.78% 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 0.60%) | $63 | $197 | $343 |
| Trading costs (broker commissions) | $15 | $46 | $80 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $78 | $255 | $465 |
| Value after costs | $10,422 | $11,321 | $12,298 |
| Impact on return, per year | 0.78% | 0.78% | 0.78% |
QAT 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): 0.1392%
- Total broker commissions: $99K
- Bought from dealers (principal trades, not a cost): $9.0M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
QAT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| HSBC Securities (USA) Inc. | $44K | 44.19% |
| Morgan Stanley & Co. LLC | $18K | 18.33% |
| Goldman Sachs & Co. LLC | $17K | 17.58% |
| J.P. Morgan Securities LLC | $11K | 10.68% |
| UBS Securities LLC | $6K | 6.44% |
| Jefferies LLC | $3K | 2.77% |
| Citigroup Global Markets Inc. | $13 | 0.01% |
QAT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $9.0M | 100.00% |
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.