LQIG Fees and Costs — SPDR MarketAxess Investment Grade 400 Corporate Bond ETF
Data updated: 2026-05-28
The net expense ratio is 0.07% (0.09% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 62%.
LQIG Fees and Expenses
Annual operating expenses and sales charges of LQIG. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.09% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.09% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.07% |
| 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 |
LQIG Costs Over Time
On $10,000 invested in LQIG, assuming 5% a year before costs, total costs come to $45 over 5 years, cutting the return by 0.07% 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 0.07%) | $7 | $23 | $41 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $7 | $24 | $45 |
| Value after costs | $10,493 | $11,552 | $12,718 |
| Impact on return, per year | 0.07% | 0.07% | 0.07% |
LQIG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $70.6M
- Portfolio turnover (prospectus): 62%
- Securities on loan, average value: $893K
- Net income from securities lending: $2K (0.004% of average net assets)
LQIG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $8.9M | 17.19% |
| State Street Bank and Trust Company | $7.9M | 15.13% |
| MarketAxess Corporation | $7.0M | 13.50% |
| Goldman Sachs & Co. LLC | $5.0M | 9.67% |
| J.P. Morgan Securities LLC | $4.9M | 9.35% |
| BofA Securities, Inc. | $4.4M | 8.56% |
| Morgan Stanley & Co. LLC | $4.3M | 8.30% |
| Wells Fargo Securities, LLC | $3.4M | 6.47% |
| Citigroup Global Markets Inc. | $3.1M | 5.93% |
| Deutsche Bank Securities Inc. | $3.1M | 5.89% |
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.