HYRM Fees and Costs — Xtrackers Risk Managed USD High Yield Strategy ETF
Data updated: 2026-04-29
The net expense ratio is 0.30% (0.36% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 100%.
HYRM Fees and Expenses
Annual operating expenses and sales charges of HYRM. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.36% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.30% |
| 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 |
HYRM Costs Over Time
On $10,000 invested in HYRM, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
HYRM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $186.1M
- Portfolio turnover (prospectus): 100%
- Securities on loan, average value: $514K
- Net income from securities lending: $4K (0.008% of average net assets)
HYRM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| THE BANK OF NEW YORK MELLON | $90.8M | 48.78% |
| Jane Street Execution Services, LLC | $66.1M | 35.51% |
| VIRTU AMERICAS LLC | $23.6M | 12.70% |
| J.P. Morgan Securities LLC | $4.6M | 2.49% |
| BOFA SECURITIES, INC. | $588K | 0.32% |
| Goldman Sachs & Co. LLC | $360K | 0.19% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.