MMTM Fees and Costs — State Street(R) SPDR(R) S&P(R) 1500 Momentum Tilt ETF
Data updated: 2026-09-11
The net expense ratio is 0.12%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $26K in broker commissions, 0.0164% of average net assets, and portfolio turnover was 58%.
MMTM Fees and Expenses
Annual operating expenses and sales charges of MMTM. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.12% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.12% |
| Fee waiver | — |
| Net expense ratio | 0.12% |
| 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 |
MMTM Costs Over Time
On $10,000 invested in MMTM, assuming 5% a year before costs, total costs come to $87 over 5 years, cutting the return by 0.14% 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 0.12%) | $13 | $40 | $69 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $14 | $47 | $87 |
| Value after costs | $10,486 | $11,529 | $12,676 |
| Impact on return, per year | 0.14% | 0.14% | 0.14% |
MMTM 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): 0.0164%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $6.6M
- Portfolio turnover (prospectus): 58%
- Securities on loan, average value: $305K
- Net income from securities lending: $907 (0.001% of average net assets)
MMTM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $15K | 57.41% |
| UBS Securities LLC | $11K | 41.63% |
| Morgan Stanley & Co. LLC | $86 | 0.34% |
| Fidelity Brokerage Services LLC | $58 | 0.23% |
| Nomura Securities International, Inc. | $43 | 0.17% |
| Barclays Capital Inc. | $18 | 0.07% |
| BofA Securities, Inc. | $17 | 0.07% |
| Citigroup Global Markets Inc. | $10 | 0.04% |
| The Williams Capital Group, L.P. | $8 | 0.03% |
| Bestex Research Securities, LLC | $7 | 0.03% |
MMTM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $6.6M | 99.92% |
| Morgan Stanley & Co. LLC | $5K | 0.08% |
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.