UAE Fees and Costs — iShares MSCI UAE 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 $307K in broker commissions, 0.3243% of average net assets, and portfolio turnover was 47%.
UAE Fees and Expenses
Annual operating expenses and sales charges of UAE. 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 |
UAE Costs Over Time
On $10,000 invested in UAE, assuming 5% a year before costs, total costs come to $573 over 5 years, cutting the return by 0.96% 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 | $193 | $336 |
| Trading costs (broker commissions) | $34 | $106 | $185 |
| Lost growth on money paid in costs | $0 | $15 | $52 |
| Total costs | $96 | $315 | $573 |
| Value after costs | $10,404 | $11,262 | $12,190 |
| Impact on return, per year | 0.96% | 0.96% | 0.96% |
UAE 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): 0.3243%
- Total broker commissions: $307K
- Bought from dealers (principal trades, not a cost): $43.5M
- Portfolio turnover (prospectus): 47%
- Securities lending: none during the year
UAE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $127K | 41.37% |
| HSBC Securities (USA) Inc. | $56K | 18.37% |
| BofA Securities, Inc. | $49K | 15.90% |
| Morgan Stanley & Co. LLC | $31K | 10.12% |
| Goldman Sachs & Co. LLC | $20K | 6.66% |
| Citigroup Global Markets Inc. | $15K | 4.87% |
| UBS Securities LLC | $6K | 2.07% |
| Jefferies LLC | $2K | 0.63% |
| Virtu Americas LLC | $3 | 0.00% |
UAE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BlackRock Funds III - BlackRock Cash Funds: Treasury | $25.6M | 58.73% |
| Morgan Stanley & Co. LLC | $18.0M | 41.27% |
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.