DBEZ Fees and Costs — Xtrackers MSCI Eurozone Hedged Equity ETF
Data updated: 2026-09-25
The net expense ratio is 0.45%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1K in broker commissions, 0.0021% of average net assets, and portfolio turnover was 11%.
DBEZ Fees and Expenses
Annual operating expenses and sales charges of DBEZ. Prospectus, as of September 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| 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 |
DBEZ Costs Over Time
On $10,000 invested in DBEZ, assuming 5% a year before costs, total costs come to $286 over 5 years, cutting the return by 0.47% 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 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $286 |
| Value after costs | $10,453 | $11,420 | $12,477 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
DBEZ 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): 0.0021%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $57.8M
- Portfolio turnover (prospectus): 11%
- Securities on loan, average value: $317K
- Net income from securities lending: $10K (0.014% of average net assets)
DBEZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $455 | 30.72% |
| CitiGroup Global Markets Inc. | $404 | 27.28% |
| J.P. Morgan Securities LLC | $300 | 20.26% |
| BOFA SECURITIES, INC. | $196 | 13.23% |
| UBS Securities LLC | $98 | 6.62% |
| GOLDMAN SACHS & CO. LLC | $27 | 1.82% |
| MORGAN STANLEY & CO. LLC | $1 | 0.07% |
DBEZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $34.1M | 59.07% |
| THE BANK OF NEW YORK MELLON | $15.7M | 27.21% |
| CitiGroup Global Markets Inc. | $2.5M | 4.33% |
| GOLDMAN SACHS & CO. LLC | $2.2M | 3.73% |
| UBS SECURITIES LLC | $1.2M | 2.06% |
| MORGAN STANLEY & CO. LLC | $1.1M | 1.87% |
| VIRTU AMERICAS LLC | $342K | 0.59% |
| BOFA SECURITIES, INC. | $303K | 0.52% |
| Jane Street Execution Services, LLC | $292K | 0.51% |
| FLOW TRADERS U.S. INSTITUTIONAL TRADING LLC | $60K | 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.