C000124408 Fees and Costs — SPDR MFS Systematic Value Equity ETF
Data updated: 2021-02-26
The net expense ratio is 0.60%. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $5K in broker commissions, 0.0151% of average net assets, and portfolio turnover was 53%.
C000124408 Fees and Expenses
Annual operating expenses and sales charges of C000124408. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.60% |
| Fee waiver | — |
| Net expense ratio | 0.60% |
| 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 |
C000124408 Costs Over Time
On $10,000 invested in C000124408, assuming 5% a year before costs, total costs come to $388 over 5 years, cutting the return by 0.65% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $65 | $212 | $388 |
| Value after costs | $10,435 | $11,364 | $12,375 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
C000124408 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0151%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $2.0M
- Portfolio turnover (prospectus): 53%
- Securities lending: none during the year
C000124408 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $1K | 26.32% |
| Jefferies LLC | $799 | 18.58% |
| Credit Suisse Securities (USA) LLC | $507 | 11.80% |
| Deutsche Bank Securities Inc. | $347 | 8.07% |
| Morgan Stanley & Co. LLC | $297 | 6.91% |
| Bofa Securities, Inc. | $276 | 6.41% |
| Sanford C. Bernstein & Co., LLC | $256 | 5.96% |
| Barclays Capital Inc. | $255 | 5.93% |
| Citigroup Global Markets Inc. | $243 | 5.64% |
| Virtu Itg LLC | $188 | 4.36% |
C000124408 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $2.0M | 100.00% |
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.