BIL Fees and Costs — State Street(R) SPDR(R) Bloomberg 1-3 Month T-Bill ETF
Data updated: 2026-09-11
The net expense ratio is 0.14%. There are no sales loads or redemption fees. Portfolio turnover was 628%.
BIL Fees and Expenses
Annual operating expenses and sales charges of BIL. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.13% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.14% |
| Fee waiver | — |
| Net expense ratio | 0.14% |
| 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 |
BIL Costs Over Time
On $10,000 invested in BIL, assuming 5% a year before costs, total costs come to $89 over 5 years, cutting the return by 0.15% 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 0.14%) | $15 | $46 | $81 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $15 | $49 | $89 |
| Value after costs | $10,485 | $11,528 | $12,674 |
| Impact on return, per year | 0.15% | 0.15% | 0.15% |
BIL 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $632.7B
- Portfolio turnover (prospectus): 628%
- Securities on loan, average value: $1.6B
- Net income from securities lending: $2.7M (0.006% of average net assets)
BIL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $159.0B | 25.89% |
| Citigroup Global Markets Inc. | $143.9B | 23.44% |
| Nomura Securities International, Inc. | $105.8B | 17.23% |
| BNY Capital Markets, LLC | $48.0B | 7.81% |
| Morgan Stanley & Co. LLC | $43.8B | 7.13% |
| Barclays Capital Inc. | $42.6B | 6.93% |
| Goldman Sachs & Co. LLC | $25.4B | 4.13% |
| BMO Capital Markets Corp. | $22.3B | 3.62% |
| Citadel Securities LLC | $13.6B | 2.22% |
| J.P. Morgan Securities LLC | $9.8B | 1.59% |
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.