DBEF Fees and Costs — Xtrackers MSCI EAFE Hedged Equity ETF
Data updated: 2026-09-25
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $205K in broker commissions, 0.0025% of average net assets, and portfolio turnover was 12%.
DBEF Fees and Expenses
Annual operating expenses and sales charges of DBEF. Prospectus, as of September 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| 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 |
DBEF Costs Over Time
On $10,000 invested in DBEF, assuming 5% a year before costs, total costs come to $223 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $122 | $223 |
| Value after costs | $10,463 | $11,454 | $12,539 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
DBEF 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): 0.0025%
- Total broker commissions: $205K
- Bought from dealers (principal trades, not a cost): $3.7B
- Portfolio turnover (prospectus): 12%
- Securities on loan, average value: $105.5M
- Net income from securities lending: $1.2M (0.014% of average net assets)
DBEF Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $56K | 27.41% |
| BARCLAYS CAPITAL, INC. | $42K | 20.34% |
| UBS Securities LLC | $38K | 18.58% |
| J.P. Morgan Securities LLC | $33K | 16.33% |
| MORGAN STANLEY & CO. LLC | $18K | 8.74% |
| CITIGROUP GLOBAL MARKETS INC. | $16K | 7.89% |
| GOLDMAN SACHS & CO. LLC | $1K | 0.55% |
| SCOTIA CAPITAL (USA) INC. | $319 | 0.16% |
| RBC CAPITAL MARKETS, LLC | $21 | 0.01% |
DBEF Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| The Bank of New York Mellon | $1.9B | 50.91% |
| UBS SECURITIES LLC | $710.3M | 19.01% |
| BOFA SECURITIES, INC. | $478.5M | 12.81% |
| CitiGroup Global Markets Inc. | $397.3M | 10.63% |
| J.P. Morgan Securities LLC | $159.0M | 4.26% |
| MORGAN STANLEY & CO. LLC | $49.1M | 1.32% |
| GOLDMAN SACHS & CO. LLC | $18.1M | 0.49% |
| BARCLAYS CAPITAL, INC. | $11.4M | 0.30% |
| FLOW TRADERS U.S. INSTITUTIONAL TRADING LLC | $7.3M | 0.20% |
| Jane Street Execution Services, LLC | $3.2M | 0.09% |
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.