CERY Fees and Costs — SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF
Data updated: 2026-09-18
The net expense ratio is 0.28%. There are no sales loads or redemption fees. Portfolio turnover was 0%.
CERY Fees and Expenses
Annual operating expenses and sales charges of CERY. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.28% |
| Fee waiver | — |
| Net expense ratio | 0.28% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
CERY Costs Over Time
On $10,000 invested in CERY, assuming 5% a year before costs, total costs come to $178 over 5 years, cutting the return by 0.29% 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 0.28%) | $29 | $92 | $162 |
| Lost growth on money paid in costs | $0 | $5 | $16 |
| Total costs | $29 | $97 | $178 |
| Value after costs | $10,471 | $11,479 | $12,585 |
| Impact on return, per year | 0.29% | 0.29% | 0.29% |
CERY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $9.9B
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
CERY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas Securities Corp. | $3.8B | 39.45% |
| J.P. Morgan Securities LLC | $2.4B | 24.15% |
| State Street Bank and Trust Company | $1.2B | 12.65% |
| Citigroup Global Markets Inc. | $817.3M | 8.39% |
| SG Americas Securities, LLC | $634.0M | 6.51% |
| Goldman Sachs & Co. LLC | $409.5M | 4.20% |
| BofA Securities, Inc. | $224.8M | 2.31% |
| Nomura Securities International, Inc. | $99.9M | 1.02% |
| Daiwa Capital Markets America Inc. | $77.5M | 0.80% |
| Barclays Capital Inc. | $52.6M | 0.54% |
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.