GWX Fees and Costs — SPDR(R) S&P(R) International Small Cap ETF
Data updated: 2026-08-28
The net expense ratio is 0.40%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $100K in broker commissions, 0.0147% of average net assets, and portfolio turnover was 22%.
GWX Fees and Expenses
Annual operating expenses and sales charges of GWX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| 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 | No |
| Waived fees subject to recoupment | No |
GWX Costs Over Time
On $10,000 invested in GWX, assuming 5% a year before costs, total costs come to $262 over 5 years, cutting the return by 0.44% 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) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $143 | $262 |
| Value after costs | $10,456 | $11,433 | $12,500 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
GWX 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): 0.0147%
- Total broker commissions: $100K
- Bought from dealers (principal trades, not a cost): $144.4M
- Portfolio turnover (prospectus): 22%
- Securities on loan, average value: $131.5M
- Net income from securities lending: $1.4M (0.210% of average net assets)
GWX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $75K | 81.10% |
| TD Securities (USA) LLC | $4K | 4.51% |
| RBC Capital Markets, LLC | $2K | 2.66% |
| Morgan Stanley & Co. LLC | $2K | 2.42% |
| Academy Securities, Inc. | $2K | 2.12% |
| UBS Securities LLC | $2K | 2.09% |
| BNP Paribas Securities Corp. | $2K | 1.69% |
| Fidelity Brokerage Services LLC | $1K | 1.28% |
| BofA Securities, Inc. | $1K | 1.10% |
| Nomura Securities International, Inc. | $954 | 1.03% |
GWX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $131.8M | 99.44% |
| Goldman Sachs & Co. LLC | $580K | 0.44% |
| Macquarie Capital (USA) Inc. | $151K | 0.11% |
| BofA Securities, Inc. | $6K | 0.00% |
| UBS Securities LLC | $5K | 0.00% |
| Scotia Capital (USA) Inc. | $933 | 0.00% |
| Jefferies LLC | $4 | 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.