PSWD Fees and Costs — Xtrackers Cybersecurity Select Equity ETF
Data updated: 2026-09-25
The net expense ratio is 0.20%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1K in broker commissions, 0.0181% of average net assets, and portfolio turnover was 37%.
PSWD Fees and Expenses
Annual operating expenses and sales charges of PSWD. Prospectus, as of September 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | — |
| 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 | Yes |
| Waived fees subject to recoupment | No |
PSWD Costs Over Time
On $10,000 invested in PSWD, assuming 5% a year before costs, total costs come to $139 over 5 years, cutting the return by 0.23% 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) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $23 | $76 | $139 |
| Value after costs | $10,477 | $11,501 | $12,624 |
| Impact on return, per year | 0.23% | 0.23% | 0.23% |
PSWD 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): 0.0181%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $3.3M
- Portfolio turnover (prospectus): 37%
- Securities on loan, average value: $71K
- Net income from securities lending: $1K (0.014% of average net assets)
PSWD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $438 | 31.22% |
| GOLDMAN SACHS & CO. LLC | $353 | 25.16% |
| J.P. Morgan Securities LLC | $238 | 16.96% |
| Citigroup Global Markets Inc. | $194 | 13.83% |
| MORGAN STANLEY & CO. LLC | $119 | 8.48% |
| UBS Securities LLC | $60 | 4.28% |
| RBC CAPITAL MARKETS, LLC | $1 | 0.07% |
PSWD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1.9M | 57.40% |
| BOFA SECURITIES, INC. | $827K | 24.71% |
| THE BANK OF NEW YORK MELLON | $558K | 16.68% |
| Jane Street Execution Services, LLC | $19K | 0.57% |
| CitiGroup Global Markets Inc. | $14K | 0.41% |
| VIRTU AMERICAS LLC | $8K | 0.23% |
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.