C000233021 Fees and Costs — State Street Diversified Income Fund, Class K
Data updated: 2023-02-28
The net expense ratio is 0.70% (1.00% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $615 in broker commissions, 0.0029% of average net assets, and portfolio turnover was 8%.
C000233021 Fees and Expenses
Annual operating expenses and sales charges of C000233021. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.69% |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.30% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000233021 Costs Over Time
On $10,000 invested in C000233021, assuming 5% a year before costs, total costs come to $442 over 5 years, cutting the return by 0.74% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $242 | $442 |
| Value after costs | $10,426 | $11,334 | $12,321 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
C000233021 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0029%
- Total broker commissions: $615
- Bought from dealers (principal trades, not a cost): $172.3M
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
C000233021 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $586 | 95.28% |
| Instinet, LLC | $11 | 1.77% |
| Cabrera Capital, Inc. | $6 | 0.98% |
| UBS Securities LLC | $4 | 0.65% |
| Citigroup Global Markets Inc. | $4 | 0.57% |
| Credit Suisse Securities (USA) LLC | $3 | 0.46% |
| Virtu Americas LLC | $2 | 0.30% |
C000233021 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $51.8M | 31.09% |
| Goldman Sachs & Co. LLC | $40.0M | 24.01% |
| Morgan Stanley & Co. LLC | $28.3M | 17.00% |
| BofA Securities, Inc. | $20.9M | 12.56% |
| Credit Suisse Securities (USA) LLC | $10.9M | 6.54% |
| Barclays Capital Inc. | $6.7M | 4.02% |
| J.P. Morgan Securities LLC | $2.5M | 1.48% |
| Nomura Securities International, Inc. | $2.4M | 1.42% |
| HSBC Securities (USA) Inc. | $1.8M | 1.10% |
| Citigroup Global Markets Inc. | $1.3M | 0.77% |
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.