QWLD Fees and Costs — SPDR MSCI World 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 $6K in broker commissions, 0.0041% of average net assets, and portfolio turnover was 16%.
QWLD Fees and Expenses
Annual operating expenses and sales charges of QWLD. 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 |
QWLD Costs Over Time
On $10,000 invested in QWLD, assuming 5% a year before costs, total costs come to $193 over 5 years, cutting the return by 0.32% 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) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $32 | $105 | $193 |
| Value after costs | $10,468 | $11,471 | $12,570 |
| Impact on return, per year | 0.32% | 0.32% | 0.32% |
QWLD 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): 0.0041%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $14.8M
- Portfolio turnover (prospectus): 16%
- Securities on loan, average value: $5.1M
- Net income from securities lending: $18K (0.011% of average net assets)
QWLD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $5K | 86.32% |
| BofA Securities, Inc. | $530 | 8.48% |
| Barclays Capital Inc. | $49 | 0.79% |
| Jefferies LLC | $47 | 0.76% |
| Macquarie Capital (USA) Inc. | $40 | 0.64% |
| Nomura Securities International, Inc. | $39 | 0.63% |
| Morgan Stanley & Co. LLC | $39 | 0.62% |
| BNP Paribas Securities Corp. | $38 | 0.60% |
| Citadel Securities LLC | $36 | 0.58% |
| J.P. Morgan Securities LLC | $36 | 0.57% |
QWLD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $14.7M | 100.00% |
| Nomura Securities International, Inc. | $5 | 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.