XLU Fees and Costs — The Utilities 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 $62K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 3%.
XLU Fees and Expenses
Annual operating expenses and sales charges of XLU. 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 |
XLU Costs Over Time
On $10,000 invested in XLU, assuming 5% a year before costs, total costs come to $51 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 0.08%) | $8 | $26 | $46 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $8 | $28 | $51 |
| Value after costs | $10,492 | $11,548 | $12,712 |
| Impact on return, per year | 0.08% | 0.08% | 0.08% |
XLU 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): 0.0003%
- Total broker commissions: $62K
- Bought from dealers (principal trades, not a cost): $1.7B
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $153.7M
- Net income from securities lending: $226K (0.001% of average net assets)
XLU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $25K | 40.35% |
| Citadel Securities LLC | $11K | 16.91% |
| Goldman Sachs & Co. LLC | $5K | 8.79% |
| Fidelity Brokerage Services LLC | $5K | 7.53% |
| J.P. Morgan Securities LLC | $4K | 7.11% |
| The Williams Capital Group, L.P. | $3K | 4.27% |
| Virtu Americas LLC | $3K | 4.16% |
| Nomura Securities International, Inc. | $3K | 4.07% |
| Morgan Stanley & Co. LLC | $2K | 3.62% |
| Bestex Research Securities, LLC | $2K | 3.19% |
XLU Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.7B | 99.93% |
| J.P. Morgan Securities LLC | $1.2M | 0.07% |
| Federated Securities Corp. | $2K | 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.