Exhibit (d.5)
SCHEDULE A
Master Advisory Fee Waiver Agreement for iShares, Inc.
(Amended as of June 15, 2022)
(all percentages are expressed as a percentage of average daily net assets):
Fund |
Advisory Fee Waiver |
Last Day of Term | ||||
ACWV | iShares MSCI Global Min Vol Factor ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fee such that the Funds total annual fund operating expenses after fee waiver will not exceed 0.20%. | December 31, 2023 | |||
EMXC | iShares MSCI Emerging Markets ex China ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees in an amount equal to the aggregate Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other series of iShares Trust and iShares, Inc. Acquired Fund Fees and Expenses reflect the Funds pro rata share of the fees and expenses incurred indirectly by the Fund as a result of investing in other investment companies. | December 31, 2022 | |||
VEGI | iShares MSCI Global Agriculture Producers ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees in an amount equal to the aggregate Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other series of iShares Trust and iShares, Inc. Acquired Fund Fees and Expenses reflect the Funds pro rata share of the fees and expenses incurred indirectly by the Fund as a result of investing in other investment companies. | December 31, 2023 | |||
PICK | iShares MSCI Global Metals & Mining Producers ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees in an amount equal to the aggregate Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other series of iShares Trust and iShares, Inc. Acquired Fund Fees and Expenses reflect the Funds pro rata share of the fees and expenses incurred indirectly by the Fund as a result of investing in other investment companies. | December 31, 2023 | |||
EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fee such that the Funds total annual fund operating expenses after fee waiver will not exceed 0.25%. | December 31, 2023 | |||
DVYE | iShares Emerging Markets Dividend ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees in an amount equal to the aggregate Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other series of iShares Trust and iShares, Inc. Acquired Fund Fees and Expenses reflect the Funds pro rata share of the fees and expenses incurred indirectly by the Fund as a result of investing in other investment companies. | August 31, 2027 | |||
EMGF | iShares MSCI Emerging Markets Multifactor ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees in an amount equal to the aggregate Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other series of iShares Trust and iShares, Inc. Acquired Fund Fees and Expenses reflect the Funds pro rata share of the fees and expenses incurred indirectly by the Fund as a result of investing in other investment companies. | December 31, 2026 |
HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees so that the Funds total annual fund operating expenses after fee waiver is equal to the Acquired Fund Fees and Expenses attributable to the Funds investment in the iShares MSCI Emerging Markets ETF (EEM), after taking into account any fee waivers by EEM. Acquired Fund Fees and Expenses reflect the Funds pro rata share of the fees and expenses incurred indirectly by the Fund as a result of investing in other investment companies. | December 31, 2025 | |||
IEMG | iShares Core MSCI Emerging Markets ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fee such that the Funds total annual fund operating expenses after fee waiver will not exceed 0.09%. | December 31, 2025 | |||
DVYA | iShares Asia/Pacific Dividend ETF | With respect to the Fund, BFA has contractually agreed to waive a portion of its management fees in an amount equal to the aggregate Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other funds advised by BFA or its affiliates. Acquired Fund Fees and Expenses reflect the Funds pro rata share of the fees and expenses incurred indirectly by the Fund as a result of investing in other investment companies. | August 31, 2025 |
ISHARES, INC. on behalf of each FUND | BLACKROCK FUND ADVISORS | |||||||
By: | /s/ Lezlie Iannone |
By: | /s/ Rachel Aguirre | |||||
Lezlie Iannone Assistant Secretary, iShares, Inc. |
Rachel Aguirre Managing Director |
Dated: June 15, 2022
[Signature Page to Amended Schedule A of Master Advisory Fee Waiver Agreement]
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