PRIV Fees and Costs — SPDR SSGA IG Public & Private Credit ETF
Data updated: 2026-09-18
The net expense ratio is 0.55%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0027% of average net assets, and portfolio turnover was 57%.
PRIV Fees and Expenses
Annual operating expenses and sales charges of PRIV. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| 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 |
PRIV Costs Over Time
On $10,000 invested in PRIV, assuming 5% a year before costs, total costs come to $349 over 5 years, cutting the return by 0.58% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $191 | $349 |
| Value after costs | $10,442 | $11,385 | $12,414 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
PRIV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0027%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $364.0M
- Portfolio turnover (prospectus): 57%
- Securities lending: none during the year
PRIV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $3K | 100.00% |
PRIV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $139.0M | 42.65% |
| BNY Capital Markets, LLC | $43.8M | 13.46% |
| J.P. Morgan Securities LLC | $28.1M | 8.63% |
| BofA Securities, Inc. | $20.4M | 6.27% |
| Apollo Global Securities, LLC | $20.3M | 6.23% |
| BMO Capital Markets Corp. | $19.0M | 5.84% |
| Barclays Capital Inc. | $16.1M | 4.93% |
| BNP Paribas Securities Corp. | $15.1M | 4.62% |
| Nomura Securities International, Inc. | $13.3M | 4.09% |
| Morgan Stanley & Co. LLC | $10.7M | 3.30% |
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.