HYBL Fees and Costs — State Street(R) Blackstone High Income ETF
Data updated: 2026-09-11
The net expense ratio is 0.70%. There are no sales loads or redemption fees. Portfolio turnover was 192%.
HYBL Fees and Expenses
Annual operating expenses and sales charges of HYBL. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| 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 |
HYBL Costs Over Time
On $10,000 invested in HYBL, assuming 5% a year before costs, total costs come to $440 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 0.70%) | $74 | $230 | $400 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $241 | $440 |
| Value after costs | $10,426 | $11,335 | $12,322 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
HYBL 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.7B
- Portfolio turnover (prospectus): 192%
- Securities lending: none during the year
HYBL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $818.2M | 35.30% |
| J.P. Morgan Securities LLC | $258.4M | 11.15% |
| BofA Securities, Inc. | $218.0M | 9.40% |
| Barclays Capital Inc. | $207.8M | 8.97% |
| Goldman Sachs & Co. LLC | $207.4M | 8.95% |
| Morgan Stanley & Co. LLC | $175.7M | 7.58% |
| TD Securities (USA) LLC | $134.5M | 5.80% |
| Citigroup Global Markets Inc. | $120.1M | 5.18% |
| Jefferies LLC | $109.8M | 4.74% |
| Wells Fargo Securities, LLC | $68.1M | 2.94% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.