DBEU Fees and Costs — Xtrackers MSCI Europe Hedged Equity ETF
Data updated: 2026-09-25
The net expense ratio is 0.46%: a 0.45% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $16K in broker commissions, 0.0023% of average net assets, and portfolio turnover was 11%.
DBEU Fees and Expenses
Annual operating expenses and sales charges of DBEU. Prospectus, as of September 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 0.01% |
| Gross expense ratio | 0.46% |
| Fee waiver | — |
| Net expense ratio | 0.46% |
| 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 |
DBEU Costs Over Time
On $10,000 invested in DBEU, assuming 5% a year before costs, total costs come to $292 over 5 years, cutting the return by 0.49% 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 0.46%) | $48 | $152 | $264 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $49 | $160 | $292 |
| Value after costs | $10,451 | $11,416 | $12,471 |
| Impact on return, per year | 0.49% | 0.49% | 0.49% |
DBEU 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): 0.0023%
- Total broker commissions: $16K
- Bought from dealers (principal trades, not a cost): $419.6M
- Portfolio turnover (prospectus): 11%
- Securities on loan, average value: $4.2M
- Net income from securities lending: $108K (0.016% of average net assets)
DBEU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $4K | 27.14% |
| J.P. Morgan Securities LLC | $4K | 26.61% |
| CitiGroup Global Markets Inc. | $2K | 15.55% |
| UBS Securities LLC | $2K | 14.51% |
| BOFA SECURITIES, INC. | $2K | 14.00% |
| RBC CAPITAL MARKETS, LLC | $155 | 0.99% |
| GOLDMAN SACHS & CO. LLC | $102 | 0.65% |
| MORGAN STANLEY & CO. LLC | $87 | 0.55% |
DBEU Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE BANK OF NEW YORK MELLON | $151.9M | 36.24% |
| J.P. Morgan Securities LLC | $85.2M | 20.31% |
| BOFA SECURITIES, INC. | $73.0M | 17.41% |
| UBS SECURITIES LLC | $58.6M | 13.98% |
| CitiGroup Global Markets Inc. | $22.2M | 5.29% |
| GOLDMAN SACHS & CO. LLC | $17.2M | 4.10% |
| MORGAN STANLEY & CO. LLC | $7.9M | 1.89% |
| Jane Street Execution Services, LLC | $1.4M | 0.35% |
| BARCLAYS CAPITAL, INC. | $1.4M | 0.35% |
| SUSQUEHANNA INVESTMENT GROUP | $408K | 0.10% |
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.