XCNY Fees and Costs — SPDR S&P Emerging Markets ex-China ETF
Data updated: 2026-08-28
The net expense ratio is 0.19%: a 0.15% management fee plus 0.04% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $757 in broker commissions, 0.0152% of average net assets, and portfolio turnover was 1%.
XCNY Fees and Expenses
Annual operating expenses and sales charges of XCNY. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.19% |
| Fee waiver | — |
| Net expense ratio | 0.19% |
| 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 |
XCNY Costs Over Time
On $10,000 invested in XCNY, assuming 5% a year before costs, total costs come to $130 over 5 years, cutting the return by 0.22% 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 0.19%) | $20 | $63 | $110 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $71 | $130 |
| Value after costs | $10,478 | $11,505 | $12,632 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
XCNY 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): 0.0152%
- Total broker commissions: $757
- Bought from dealers (principal trades, not a cost): $2.1M
- Portfolio turnover (prospectus): 1%
- Securities on loan, average value: $14K
- Net income from securities lending: $88 (0.002% of average net assets)
XCNY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $174 | 23.19% |
| UBS Securities LLC | $120 | 16.01% |
| J.P. Morgan Securities LLC | $97 | 12.96% |
| Morgan Stanley & Co. LLC | $83 | 11.10% |
| CLSA Americas, LLC | $61 | 8.13% |
| Macquarie Capital (USA) Inc. | $60 | 8.05% |
| ICICI Securities Inc. | $52 | 6.91% |
| Goldman Sachs & Co. LLC | $51 | 6.79% |
| BNP Paribas Securities Corp. | $36 | 4.81% |
| Jefferies LLC | $15 | 2.06% |
XCNY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $2.1M | 99.98% |
| Federated Securities Corp. | $322 | 0.02% |
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.