QEMM Fees and Costs — SPDR MSCI Emerging Markets StrategicFactors ETF
Data updated: 2026-08-28
The net expense ratio is 0.30%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.0302% of average net assets, and portfolio turnover was 19%.
QEMM Fees and Expenses
Annual operating expenses and sales charges of QEMM. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.30% |
| Fee waiver | — |
| 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 | No |
| Waived fees subject to recoupment | No |
QEMM Costs Over Time
On $10,000 invested in QEMM, assuming 5% a year before costs, total costs come to $209 over 5 years, cutting the return by 0.35% 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 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $35 | $114 | $209 |
| Value after costs | $10,465 | $11,462 | $12,553 |
| Impact on return, per year | 0.35% | 0.35% | 0.35% |
QEMM 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): 0.0302%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $7.5M
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $7K (0.018% of average net assets)
QEMM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2K | 22.45% |
| Goldman Sachs & Co. LLC | $2K | 17.80% |
| HSBC Securities (USA) Inc. | $1K | 12.17% |
| Jefferies LLC | $1K | 11.57% |
| Citigroup Global Markets Inc. | $905 | 8.92% |
| BofA Securities, Inc. | $671 | 6.62% |
| UBS Securities LLC | $615 | 6.06% |
| BNP Paribas Securities Corp. | $555 | 5.47% |
| Macquarie Capital (USA) Inc. | $491 | 4.84% |
| Morgan Stanley & Co. LLC | $416 | 4.10% |
QEMM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $7.4M | 100.00% |
| Itau International Securities Inc. | $6 | 0.00% |
| Santander Securities LLC | $5 | 0.00% |
| Scotia Capital (USA) Inc. | $3 | 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.