SMIN Fees and Costs — iShares MSCI India Small-Cap ETF
Data updated: 2026-07-27
The net expense ratio is 0.74%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $476K in broker commissions, 0.0546% of average net assets, and portfolio turnover was 62%.
SMIN Fees and Expenses
Annual operating expenses and sales charges of SMIN. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.74% |
| Fee waiver | — |
| Net expense ratio | 0.74% |
| 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 |
SMIN Costs Over Time
On $10,000 invested in SMIN, assuming 5% a year before costs, total costs come to $499 over 5 years, cutting the return by 0.83% 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 0.74%) | $78 | $243 | $422 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $83 | $274 | $499 |
| Value after costs | $10,417 | $11,302 | $12,264 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
SMIN 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): 0.0546%
- Total broker commissions: $476K
- Bought from dealers (principal trades, not a cost): $964.9M
- Portfolio turnover (prospectus): 62%
- Securities lending: none during the year
SMIN Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $129K | 27.53% |
| BofA Securities, Inc. | $104K | 22.28% |
| UBS Securities LLC | $63K | 13.55% |
| Morgan Stanley & Co. LLC | $39K | 8.31% |
| Goldman Sachs & Co. LLC | $33K | 6.99% |
| HSBC Securities (USA) Inc. | $32K | 6.84% |
| Macquarie Capital (USA) Inc. | $22K | 4.76% |
| Jefferies LLC | $21K | 4.49% |
| CLSA Americas, LLC | $20K | 4.28% |
| Nomura Securities International, Inc. | $5K | 0.98% |
SMIN Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $963.7M | 100.00% |
| Goldman Sachs & Co. LLC | $39 | 0.00% |
| J.P. Morgan Securities LLC | $5 | 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.