XSW Fees and Costs — State Street(R) SPDR(R) S&P(R) Software & Services ETF
Data updated: 2026-09-11
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $65K in broker commissions, 0.0151% of average net assets.
XSW Fees and Expenses
Annual operating expenses and sales charges of XSW. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| 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 |
XSW Costs Over Time
On $10,000 invested in XSW, assuming 5% a year before costs, total costs come to $231 over 5 years, cutting the return by 0.38% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $38 | $126 | $231 |
| Value after costs | $10,462 | $11,450 | $12,532 |
| Impact on return, per year | 0.38% | 0.38% | 0.38% |
XSW Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0151%
- Total broker commissions: $65K
- Bought from dealers (principal trades, not a cost): $63.3M
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $101.4M
- Net income from securities lending: $334K (0.078% of average net assets)
XSW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $21K | 32.09% |
| BofA Securities, Inc. | $14K | 22.18% |
| Citadel Securities LLC | $14K | 21.44% |
| Virtu Americas LLC | $11K | 17.38% |
| Morgan Stanley & Co. LLC | $2K | 3.67% |
| Citigroup Global Markets Inc. | $1K | 2.08% |
| Fidelity Brokerage Services LLC | $250 | 0.39% |
| J.P. Morgan Securities LLC | $250 | 0.39% |
| Nomura Securities International, Inc. | $206 | 0.32% |
| The Williams Capital Group, L.P. | $40 | 0.06% |
XSW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $61.4M | 97.03% |
| BofA Securities, Inc. | $1.9M | 2.97% |
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.