TUR Fees and Costs — iShares MSCI Turkey ETF
Data updated: 2026-07-27
The net expense ratio is 0.59%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $35K in broker commissions, 0.0203% of average net assets, and portfolio turnover was 15%.
TUR Fees and Expenses
Annual operating expenses and sales charges of TUR. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.59% |
| Fee waiver | — |
| Net expense ratio | 0.59% |
| 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 |
TUR Costs Over Time
On $10,000 invested in TUR, assuming 5% a year before costs, total costs come to $385 over 5 years, cutting the return by 0.64% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $211 | $385 |
| Value after costs | $10,436 | $11,366 | $12,378 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
TUR 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): 0.0203%
- Total broker commissions: $35K
- Bought from dealers (principal trades, not a cost): $226.8M
- Portfolio turnover (prospectus): 15%
- Securities on loan, average value: $10.7M
- Net income from securities lending: $284K (0.162% of average net assets)
TUR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $17K | 46.70% |
| Goldman Sachs & Co. LLC | $5K | 15.04% |
| UBS Securities LLC | $4K | 11.47% |
| BofA Securities, Inc. | $4K | 11.17% |
| J.P. Morgan Securities LLC | $3K | 8.49% |
| HSBC Securities (USA) Inc. | $2K | 6.26% |
| Citigroup Global Markets Inc. | $260 | 0.73% |
| RBC Capital Markets, LLC | $23 | 0.07% |
| Jefferies LLC | $23 | 0.06% |
| BNP Paribas Securities Corp. | $1 | 0.00% |
TUR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $129.9M | 57.26% |
| J.P. Morgan Securities LLC | $60.9M | 26.84% |
| UBS Securities LLC | $22.2M | 9.79% |
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $13.9M | 6.11% |
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.