DBAW Fees and Costs — Xtrackers MSCI All World ex US Hedged Equity ETF
Data updated: 2026-09-25
The net expense ratio is 0.40%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $9K in broker commissions, 0.0041% of average net assets, and portfolio turnover was 10%.
DBAW Fees and Expenses
Annual operating expenses and sales charges of DBAW. Prospectus, as of September 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.40% |
| Fee waiver | — |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
DBAW Costs Over Time
On $10,000 invested in DBAW, assuming 5% a year before costs, total costs come to $256 over 5 years, cutting the return by 0.42% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $140 | $256 |
| Value after costs | $10,458 | $11,436 | $12,507 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
DBAW Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0041%
- Total broker commissions: $9K
- Bought from dealers (principal trades, not a cost): $99.5M
- Portfolio turnover (prospectus): 10%
- Securities on loan, average value: $159K
- Net income from securities lending: $5K (0.002% of average net assets)
DBAW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2K | 23.41% |
| BOFA SECURITIES, INC. | $2K | 23.28% |
| MORGAN STANLEY & CO. LLC | $2K | 21.53% |
| UBS Securities LLC | $2K | 17.39% |
| BARCLAYS CAPITAL, INC. | $602 | 6.89% |
| CitiGroup Global Markets Inc. | $476 | 5.45% |
| GOLDMAN SACHS & CO. LLC | $174 | 1.99% |
| SCOTIA CAPITAL (USA) INC. | $5 | 0.06% |
| RBC CAPITAL MARKETS, LLC | $0 | 0.00% |
DBAW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE BANK OF NEW YORK MELLON | $59.9M | 60.28% |
| J.P. Morgan Securities LLC | $24.8M | 24.93% |
| UBS SECURITIES LLC | $4.7M | 4.73% |
| BOFA SECURITIES, INC. | $3.9M | 3.96% |
| CitiGroup Global Markets Inc. | $2.9M | 2.94% |
| VIRTU AMERICAS LLC | $1.1M | 1.06% |
| MORGAN STANLEY & CO. LLC | $925K | 0.93% |
| Jane Street Execution Services, LLC | $627K | 0.63% |
| GOLDMAN SACHS & CO. LLC | $358K | 0.36% |
| BARCLAYS CAPITAL, INC. | $169K | 0.17% |
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.