PSK Fees and Costs — State Street(R) SPDR(R) ICE Preferred Securities ETF
Data updated: 2026-09-11
The net expense ratio is 0.45%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $57K in broker commissions, 0.0074% of average net assets, and portfolio turnover was 26%.
PSK Fees and Expenses
Annual operating expenses and sales charges of PSK. Prospectus, as of June 30, 2025.
| 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 |
PSK Costs Over Time
On $10,000 invested in PSK, assuming 5% a year before costs, total costs come to $289 over 5 years, cutting the return by 0.48% 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 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $158 | $289 |
| Value after costs | $10,452 | $11,418 | $12,474 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
PSK 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): 0.0074%
- Total broker commissions: $57K
- Bought from dealers (principal trades, not a cost): $154.8M
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $47.3M
- Net income from securities lending: $696K (0.091% of average net assets)
PSK Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $35K | 62.59% |
| Barclays Capital Inc. | $15K | 25.95% |
| Morgan Stanley & Co. LLC | $5K | 8.96% |
| BofA Securities, Inc. | $1K | 1.77% |
| Piper Sandler & Co. | $409 | 0.72% |
PSK Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $154.8M | 100.00% |
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.