I read on https://www.fool.com/investing/2018/10/24/what-is-an-adr-and-how-does-it-differ-from-regular.aspx:
ADRs are subject to additional fees that traditional stocks don't carry. These are periodic service fees or "pass-through fees" that compensate the depositary bank for providing custodial services. These charges generally run from $0.01 to $0.03 per share, but you'll be able to find the specifics in the ADR prospectus.
Where can I find prospectuses for American depositary receipts? E.g., given the ADR AXAHY, where can I find its prospectus?
I unsuccessfully look at:
- https://citiadr.factsetdigitalsolutions.com/stocks/profile.idms?pageId=15&subpageID=151&cusip=054536107
- https://seekingalpha.com/symbol/AXAHY
- https://www.barrons.com/quote/stock/us/ootc/axahy
- https://www.marketwatch.com/investing/stock/axahy
I have crossposted the question at:
Answer from https://ibkr.info/node/1185:
While the amount of this fee will generally range from $0.01 - $0.03 per share, the amounts may differ by ADR and it is recommended that you refer to your ADR prospectus for specific information. An on-line search for the prospectus may be conducted through the SEC's EDGAR Company Search tool.