SPEU Fees and Costs — SPDR(R) Portfolio Europe ETF
Data updated: 2026-08-28
The net expense ratio is 0.07%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $14K in broker commissions, 0.0020% of average net assets, and portfolio turnover was 7%.
SPEU Fees and Expenses
Annual operating expenses and sales charges of SPEU. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.07% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.07% |
| Fee waiver | — |
| Net expense ratio | 0.07% |
| 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 |
SPEU Costs Over Time
On $10,000 invested in SPEU, assuming 5% a year before costs, total costs come to $46 over 5 years, cutting the return by 0.08% 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 0.07%) | $7 | $23 | $41 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $8 | $25 | $46 |
| Value after costs | $10,492 | $11,551 | $12,717 |
| Impact on return, per year | 0.08% | 0.08% | 0.08% |
SPEU 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): 0.0020%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $56.1M
- Portfolio turnover (prospectus): 7%
- Securities on loan, average value: $21.2M
- Net income from securities lending: $186K (0.026% of average net assets)
SPEU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $5K | 34.57% |
| Goldman Sachs & Co. LLC | $4K | 27.07% |
| Virtu Americas LLC | $1K | 10.36% |
| Barclays Capital Inc. | $1K | 7.91% |
| Optiver V.O.F. | $1K | 7.40% |
| J.P. Morgan Securities LLC | $755 | 5.52% |
| BNP Paribas Securities Corp. | $479 | 3.50% |
| ABN AMRO Securities (USA) LLC | $233 | 1.70% |
| Jefferies LLC | $135 | 0.99% |
| WOOD & Company Financial Services, a.s. | $134 | 0.98% |
SPEU Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $54.5M | 100.00% |
| Federated Securities Corp. | $48 | 0.00% |
| BofA Securities, Inc. | $27 | 0.00% |
| Barclays Capital Inc. | $16 | 0.00% |
| UBS Securities LLC | $11 | 0.00% |
| J.P. Morgan Securities LLC | $8 | 0.00% |
| Nomura Securities International, Inc. | $7 | 0.00% |
| Goldman Sachs & Co. LLC | $7 | 0.00% |
| SG Americas Securities, LLC | $7 | 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.