EFAX Fees and Costs — SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
Data updated: 2026-08-28
The net expense ratio is 0.20%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8K in broker commissions, 0.0022% of average net assets, and portfolio turnover was 4%.
EFAX Fees and Expenses
Annual operating expenses and sales charges of EFAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
EFAX Costs Over Time
On $10,000 invested in EFAX, assuming 5% a year before costs, total costs come to $129 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $70 | $129 |
| Value after costs | $10,479 | $11,506 | $12,634 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
EFAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0022%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $25.6M
- Portfolio turnover (prospectus): 4%
- Securities on loan, average value: $15.0M
- Net income from securities lending: $64K (0.019% of average net assets)
EFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $2K | 37.04% |
| Barclays Capital Inc. | $952 | 14.46% |
| Goldman Sachs & Co. LLC | $838 | 12.72% |
| J.P. Morgan Securities LLC | $486 | 7.38% |
| Macquarie Capital (USA) Inc. | $351 | 5.34% |
| Morgan Stanley & Co. LLC | $351 | 5.33% |
| BNP Paribas Securities Corp. | $330 | 5.01% |
| BofA Securities, Inc. | $295 | 4.49% |
| Jefferies LLC | $294 | 4.46% |
| Nomura Securities International, Inc. | $249 | 3.78% |
EFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $25.2M | 99.80% |
| J.P. Morgan Securities LLC | $50K | 0.20% |
| Nomura Securities International, Inc. | $15 | 0.00% |
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.