ADR Fees

What are ADR fees?

If you hold shares of a stock issued overseas (non-U.S.) that trades in the U.S. through American Depositary Receipts (ADR), you may be charged ADR fees. These fees, also known as Depositary Services Fees, are imposed by the ADR depositary bank. They compensate the bank for services such as inventorying the non-U.S. shares, performing registration, ensuring compliance, managing dividend payments, and handling communication and record-keeping.

What should I know about ADR fees?

• Amount: ADR fees typically range from $0.01 to $0.05 per share, though the specific amount varies depending on the ADR.

• Timing: The timing of these fees also varies by ADR.

• Additional Information: For precise details regarding timing and amount of these fees, you can refer to the ADR prospectus, which is available through the SEC's EDGAR Company Search.