USCA Fees and Costs — Xtrackers MSCI USA Climate Action Equity ETF
Data updated: 2026-07-29
The net expense ratio is 0.07%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $682 in broker commissions, and portfolio turnover was 12%.
USCA Fees and Expenses
Annual operating expenses and sales charges of USCA. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.07% |
| 12b-1 fee | — |
| 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 | Yes |
| Waived fees subject to recoupment | No |
USCA Costs Over Time
On $10,000 invested in USCA, assuming 5% a year before costs, total costs come to $45 over 5 years, cutting the return by 0.07% 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 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $7 | $24 | $45 |
| Value after costs | $10,493 | $11,552 | $12,718 |
| Impact on return, per year | 0.07% | 0.07% | 0.07% |
USCA Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $682
- Bought from dealers (principal trades, not a cost): $2.8B
- Portfolio turnover (prospectus): 12%
- Securities on loan, average value: $44K
- Net income from securities lending: $77 (0.000% of average net assets)
USCA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $220 | 32.21% |
| MORGAN STANLEY & CO. LLC | $157 | 22.99% |
| BOFA SECURITIES, INC. | $153 | 22.40% |
| UBS Securities LLC | $74 | 10.83% |
| SCOTIA CAPITAL (USA) INC. | $71 | 10.40% |
| CitiGroup Global Markets Inc. | $8 | 1.17% |
USCA Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $975.0M | 34.41% |
| Jane Street Execution Services, LLC | $790.3M | 27.89% |
| BOFA SECURITIES, INC. | $385.5M | 13.61% |
| MORGAN STANLEY & CO. LLC | $299.7M | 10.57% |
| CitiGroup Global Markets Inc. | $133.9M | 4.72% |
| J.P. Morgan Securities LLC | $118.3M | 4.18% |
| The Bank of New York Mellon | $88.4M | 3.12% |
| VIRTU AMERICAS LLC | $41.7M | 1.47% |
| CATALENT INC | $792K | 0.03% |
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.