TOK Fees and Costs — iShares MSCI Kokusai ETF
Data updated: 2026-10-13
The net expense ratio is 0.25%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2K in broker commissions, 0.0007% of average net assets, and portfolio turnover was 3%.
TOK Fees and Expenses
Annual operating expenses and sales charges of TOK. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
TOK Costs Over Time
On $10,000 invested in TOK, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,489 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
TOK 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): 0.0007%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $26.3M
- Portfolio turnover (prospectus): 3%
TOK Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $182 | 12.75% |
| SG Americas Securities, LLC | $156 | 10.94% |
| Goldman Sachs & Co. LLC | $156 | 10.91% |
| Morgan Stanley & Co. LLC | $155 | 10.86% |
| Citigroup Global Markets Inc. | $149 | 10.40% |
| Barclays Capital Inc. | $147 | 10.26% |
| Jefferies LLC | $142 | 9.93% |
| BofA Securities, Inc. | $129 | 9.00% |
| BNP Paribas Securities Corp. | $115 | 8.04% |
| UBS Securities LLC | $98 | 6.89% |
TOK Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $13.3M | 50.50% |
| J.P. Morgan Securities LLC | $13.0M | 49.43% |
| Citigroup Global Markets Inc. | $8K | 0.03% |
| UBS Securities LLC | $6K | 0.02% |
| Morgan Stanley & Co. LLC | $2K | 0.01% |
| Barclays Capital Inc. | $2K | 0.01% |
| BofA Securities, Inc. | $917 | 0.00% |
| BNP Paribas Securities Corp. | $689 | 0.00% |
| Goldman Sachs & Co. LLC | $185 | 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.