PRSD Fees and Costs — State Street Short Duration IG Public & Private Credit ETF
Data updated: 2026-09-18
The net expense ratio is 0.45%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $8 in broker commissions, and portfolio turnover was 5%.
PRSD Fees and Expenses
Annual operating expenses and sales charges of PRSD. Prospectus, as of February 28, 2026.
| 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 |
PRSD Costs Over Time
On $10,000 invested in PRSD, assuming 5% a year before costs, total costs come to $285 over 5 years, cutting the return by 0.47% 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 | $259 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $285 |
| Value after costs | $10,453 | $11,421 | $12,478 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
PRSD 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): —
- Total broker commissions: $8
- Bought from dealers (principal trades, not a cost): $31.9M
- Portfolio turnover (prospectus): 5%
- Securities lending: none during the year
PRSD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $8 | 100.00% |
PRSD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $6.1M | 20.36% |
| Barclays Capital Inc. | $4.7M | 15.67% |
| Citigroup Global Markets Inc. | $4.5M | 15.11% |
| BNY Capital Markets, LLC | $4.4M | 14.61% |
| Morgan Stanley & Co. LLC | $2.9M | 9.63% |
| J.P. Morgan Securities LLC | $2.0M | 6.60% |
| Apollo Global Securities, LLC | $2.0M | 6.51% |
| Jane Street Execution Services, LLC | $1.3M | 4.21% |
| Tradeweb Direct LLC | $1.2M | 4.03% |
| BofA Securities, Inc. | $985K | 3.28% |
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.