XWEB Fees and Costs — SPDR S&P Internet ETF
Data updated: 2024-02-27
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $7K in broker commissions, 0.0318% of average net assets, and portfolio turnover was 72%.
XWEB Fees and Expenses
Annual operating expenses and sales charges of XWEB. Prospectus, as of October 31, 2023.
| 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 |
XWEB Costs Over Time
On $10,000 invested in XWEB, assuming 5% a year before costs, total costs come to $242 over 5 years, cutting the return by 0.40% 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 | $201 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $6 | $22 |
| Total costs | $40 | $132 | $242 |
| Value after costs | $10,460 | $11,444 | $12,521 |
| Impact on return, per year | 0.40% | 0.40% | 0.40% |
XWEB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0318%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $1.5M
- Portfolio turnover (prospectus): 72%
- Securities on loan, average value: $2.4M
- Net income from securities lending: $18K (0.077% of average net assets)
XWEB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $5K | 62.96% |
| Goldman Sachs & Co. LLC | $2K | 31.78% |
| UBS Securities LLC | $197 | 2.65% |
| Citigroup Global Markets Inc. | $141 | 1.89% |
| Virtu Americas LLC | $26 | 0.35% |
| Nomura Securities International, Inc. | $12 | 0.17% |
| Morgan Stanley & Co. LLC | $5 | 0.06% |
| Barclays Capital Inc. | $4 | 0.06% |
| The Williams Capital Group, L.P. | $4 | 0.05% |
| Cabrera Capital, Inc. | $2 | 0.03% |
XWEB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $847K | 55.36% |
| State Street Bank and Trust Company | $557K | 36.43% |
| Goldman Sachs & Co. LLC | $93K | 6.06% |
| UBS Securities LLC | $20K | 1.28% |
| Citigroup Global Markets Inc. | $12K | 0.78% |
| J.P. Morgan Securities LLC | $1K | 0.09% |
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.