HAIL Fees and Costs — State Street(R) SPDR(R) S&P Kensho Smart Mobility ETF
Data updated: 2026-09-11
The net expense ratio is 0.45%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $7K in broker commissions, 0.0328% of average net assets, and portfolio turnover was 33%.
HAIL Fees and Expenses
Annual operating expenses and sales charges of HAIL. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.45% |
| Fee waiver | — |
| Net expense ratio | 0.45% |
| 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 |
HAIL Costs Over Time
On $10,000 invested in HAIL, assuming 5% a year before costs, total costs come to $305 over 5 years, cutting the return by 0.51% 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 0.45%) | $47 | $148 | $258 |
| Trading costs (broker commissions) | $3 | $11 | $19 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $167 | $305 |
| Value after costs | $10,449 | $11,409 | $12,458 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
HAIL 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): 0.0328%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $2.2M
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $3.9M
- Net income from securities lending: $123K (0.578% of average net assets)
HAIL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $3K | 48.00% |
| Citadel Securities LLC | $3K | 41.16% |
| Barclays Capital Inc. | $589 | 8.45% |
| Fidelity Brokerage Services LLC | $117 | 1.68% |
| Citigroup Global Markets Inc. | $18 | 0.26% |
| Nomura Securities International, Inc. | $15 | 0.21% |
| Virtu Americas LLC | $10 | 0.14% |
| UBS Securities LLC | $4 | 0.06% |
| The Williams Capital Group, L.P. | $2 | 0.03% |
| Goldman Sachs & Co. LLC | $1 | 0.01% |
HAIL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.5M | 66.80% |
| BofA Securities, Inc. | $416K | 18.63% |
| Citadel Securities LLC | $324K | 14.50% |
| Fidelity Brokerage Services LLC | $2K | 0.07% |
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.