RWO Fees and Costs — SPDR(R) Dow Jones Global Real Estate ETF
Data updated: 2026-08-28
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $25K in broker commissions, 0.0022% of average net assets, and portfolio turnover was 9%.
RWO Fees and Expenses
Annual operating expenses and sales charges of RWO. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
RWO Costs Over Time
On $10,000 invested in RWO, assuming 5% a year before costs, total costs come to $317 over 5 years, cutting the return by 0.53% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $174 | $317 |
| Value after costs | $10,447 | $11,403 | $12,446 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
RWO 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): 0.0022%
- Total broker commissions: $25K
- Bought from dealers (principal trades, not a cost): $148.5M
- Portfolio turnover (prospectus): 9%
- Securities on loan, average value: $12.2M
- Net income from securities lending: $28K (0.002% of average net assets)
RWO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $12K | 52.15% |
| UBS Securities LLC | $3K | 12.88% |
| Goldman Sachs & Co. LLC | $2K | 9.94% |
| Morgan Stanley & Co. LLC | $1K | 6.11% |
| Barclays Capital Inc. | $903 | 4.05% |
| Nomura Securities International, Inc. | $844 | 3.79% |
| J.P. Morgan Securities LLC | $710 | 3.18% |
| The Williams Capital Group, L.P. | $691 | 3.10% |
| Jefferies LLC | $572 | 2.56% |
| Fidelity Brokerage Services LLC | $500 | 2.24% |
RWO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $145.4M | 100.00% |
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.