FISR Fees and Costs — State Street(R) Fixed Income Sector Rotation ETF
Data updated: 2026-09-11
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $737K in broker commissions, 0.1918% of average net assets, and portfolio turnover was 127%.
FISR Fees and Expenses
Annual operating expenses and sales charges of FISR. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
FISR Costs Over Time
On $10,000 invested in FISR, assuming 5% a year before costs, total costs come to $435 over 5 years, cutting the return by 0.73% 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 0.50%) | $52 | $164 | $286 |
| Trading costs (broker commissions) | $20 | $63 | $110 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $73 | $239 | $435 |
| Value after costs | $10,427 | $11,338 | $12,327 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
FISR 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): 0.1918%
- Total broker commissions: $737K
- Bought from dealers (principal trades, not a cost): $10.9M
- Portfolio turnover (prospectus): 127%
- Securities on loan, average value: $34.7M
- Net income from securities lending: $162K (0.042% of average net assets)
FISR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $208K | 28.23% |
| Citadel Securities LLC | $174K | 23.61% |
| Jane Street Execution Services, LLC | $159K | 21.55% |
| Goldman Sachs & Co. LLC | $97K | 13.16% |
| Citigroup Global Markets Inc. | $71K | 9.57% |
| Virtu Americas LLC | $22K | 2.98% |
| J.P. Morgan Securities LLC | $7K | 0.90% |
| Nomura Securities International, Inc. | $0 | 0.00% |
FISR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $6.8M | 62.45% |
| Jane Street Execution Services, LLC | $4.1M | 37.55% |
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.