SCJ Fees and Costs — iShares MSCI Japan Small-Cap ETF
Data updated: 2026-07-27
The net expense ratio is 0.50%: a 0.49% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0060% of average net assets, and portfolio turnover was 17%.
SCJ Fees and Expenses
Annual operating expenses and sales charges of SCJ. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
SCJ Costs Over Time
On $10,000 invested in SCJ, assuming 5% a year before costs, total costs come to $320 over 5 years, cutting the return by 0.53% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $175 | $320 |
| Value after costs | $10,447 | $11,401 | $12,443 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
SCJ 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): 0.0060%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $98.6M
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $2.0M
- Net income from securities lending: $52K (0.042% of average net assets)
SCJ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $2K | 29.18% |
| Nomura Securities International, Inc. | $1K | 17.75% |
| Jefferies LLC | $939 | 13.21% |
| Citigroup Global Markets Inc. | $765 | 10.77% |
| BNP Paribas Securities Corp. | $493 | 6.94% |
| Goldman Sachs & Co. LLC | $437 | 6.15% |
| BofA Securities, Inc. | $425 | 5.98% |
| CLSA Americas, LLC | $284 | 3.99% |
| J.P. Morgan Securities LLC | $229 | 3.22% |
| UBS Securities LLC | $200 | 2.82% |
SCJ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $52.8M | 54.22% |
| J.P. Morgan Securities LLC | $37.4M | 38.38% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $7.2M | 7.40% |
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.