SPDW Fees and Costs — SPDR Portfolio Developed World ex- US ETF
Data updated: 2026-08-28
The net expense ratio is 0.03%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $469K in broker commissions, 0.0019% of average net assets, and portfolio turnover was 2%.
SPDW Fees and Expenses
Annual operating expenses and sales charges of SPDW. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.03% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.03% |
| Fee waiver | — |
| Net expense ratio | 0.03% |
| 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 |
SPDW Costs Over Time
On $10,000 invested in SPDW, assuming 5% a year before costs, total costs come to $20 over 5 years, cutting the return by 0.03% 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 0.03%) | $3 | $10 | $17 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $1 | $2 |
| Total costs | $3 | $11 | $20 |
| Value after costs | $10,497 | $11,565 | $12,742 |
| Impact on return, per year | 0.03% | 0.03% | 0.03% |
SPDW 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): 0.0019%
- Total broker commissions: $469K
- Bought from dealers (principal trades, not a cost): $3.0B
- Portfolio turnover (prospectus): 2%
- Securities on loan, average value: $1.2B
- Net income from securities lending: $7.7M (0.031% of average net assets)
SPDW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $94K | 25.18% |
| UBS Securities LLC | $63K | 17.01% |
| BofA Securities, Inc. | $52K | 13.91% |
| BNP Paribas Securities Corp. | $33K | 8.85% |
| Morgan Stanley & Co. LLC | $30K | 7.97% |
| RBC Capital Markets, LLC | $27K | 7.37% |
| Jefferies LLC | $21K | 5.73% |
| CLSA Americas, LLC | $19K | 5.03% |
| Nomura Securities International, Inc. | $18K | 4.72% |
| Barclays Capital Inc. | $16K | 4.23% |
SPDW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $3.0B | 99.99% |
| Federated Securities Corp. | $138K | 0.00% |
| Academy Securities, Inc. | $47K | 0.00% |
| BofA Securities, Inc. | $43K | 0.00% |
| Jefferies LLC | $1 | 0.00% |
| Goldman Sachs & Co. LLC | $0 | 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.