XLB Fees and Costs — The Materials Select Sector SPDR Fund
Data updated: 2026-08-28
The net expense ratio is 0.08%: a 0.03% management fee, a 0.02% 12b-1 fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $121K in broker commissions, 0.0022% of average net assets, and portfolio turnover was 14%.
XLB Fees and Expenses
Annual operating expenses and sales charges of XLB. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.03% |
| 12b-1 fee | 0.02% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.08% |
| Fee waiver | — |
| Net expense ratio | 0.08% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
XLB Costs Over Time
On $10,000 invested in XLB, assuming 5% a year before costs, total costs come to $52 over 5 years, cutting the return by 0.09% 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 0.08%) | $8 | $26 | $46 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $9 | $29 | $52 |
| Value after costs | $10,491 | $11,548 | $12,710 |
| Impact on return, per year | 0.09% | 0.09% | 0.09% |
XLB 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: $121K
- Bought from dealers (principal trades, not a cost): $841.2M
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $131.1M
- Net income from securities lending: $200K (0.004% of average net assets)
XLB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $44K | 36.61% |
| Goldman Sachs & Co. LLC | $36K | 29.78% |
| Morgan Stanley & Co. LLC | $19K | 16.27% |
| UBS Securities LLC | $14K | 11.35% |
| J.P. Morgan Securities LLC | $2K | 1.81% |
| Citadel Securities LLC | $1K | 0.95% |
| Fidelity Brokerage Services LLC | $1K | 0.93% |
| Barclays Capital Inc. | $1K | 0.92% |
| The Williams Capital Group, L.P. | $854 | 0.71% |
| Virtu Americas LLC | $807 | 0.67% |
XLB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $841.2M | 100.00% |
| Federated Securities Corp. | $981 | 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.