SCZ Fees and Costs — iShares MSCI EAFE Small-Cap ETF
Data updated: 2026-10-13
The net expense ratio is 0.40%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $699K in broker commissions, 0.0055% of average net assets, and portfolio turnover was 18%.
SCZ Fees and Expenses
Annual operating expenses and sales charges of SCZ. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.40% |
| Fee waiver | — |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
SCZ Costs Over Time
On $10,000 invested in SCZ, assuming 5% a year before costs, total costs come to $257 over 5 years, cutting the return by 0.43% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $43 | $140 | $257 |
| Value after costs | $10,457 | $11,436 | $12,506 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
SCZ 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): 0.0055%
- Total broker commissions: $699K
- Bought from dealers (principal trades, not a cost): $5.8B
- Portfolio turnover (prospectus): 18%
SCZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $96K | 15.75% |
| UBS Securities LLC | $90K | 14.70% |
| Jefferies LLC | $71K | 11.56% |
| J.P. Morgan Securities LLC | $65K | 10.60% |
| BofA Securities, Inc. | $63K | 10.27% |
| Morgan Stanley & Co. LLC | $59K | 9.64% |
| BNP Paribas Securities Corp. | $56K | 9.13% |
| Citigroup Global Markets Inc. | $52K | 8.54% |
| Barclays Capital Inc. | $44K | 7.13% |
| Nomura Securities International, Inc. | $16K | 2.69% |
SCZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $1.9B | 32.11% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $1.3B | 22.73% |
| J.P. Morgan Securities LLC | $948.7M | 16.23% |
| UBS Securities LLC | $543.0M | 9.29% |
| Goldman Sachs & Co. LLC | $518.4M | 8.87% |
| Citigroup Global Markets Inc. | $450.2M | 7.70% |
| Morgan Stanley & Co. LLC | $107.7M | 1.84% |
| Jane Street Capital, LLC | $71.3M | 1.22% |
| Barrenjoey Markets Pty Limited | $627K | 0.01% |
| Macquarie Capital (USA) Inc. | $282K | 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.