RBND Fees and Costs — SPDR Bloomberg SASB Corporate Bond ESG Select ETF
Data updated: 2023-05-30
The net expense ratio is 0.12%. There are no sales loads or redemption fees. Portfolio turnover was 25%.
RBND Fees and Expenses
Annual operating expenses and sales charges of RBND. Prospectus, as of October 31, 2022.
| 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 |
RBND Costs Over Time
On $10,000 invested in RBND, assuming 5% a year before costs, total costs come to $76 over 5 years, cutting the return by 0.13% 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 |
| Lost growth on money paid in costs | $0 | $2 | $7 |
| Total costs | $13 | $42 | $76 |
| Value after costs | $10,487 | $11,535 | $12,686 |
| Impact on return, per year | 0.13% | 0.13% | 0.13% |
RBND Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $13.3M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
RBND Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $1.5M | 15.78% |
| Goldman Sachs & Co. LLC | $1.3M | 13.02% |
| Millennium Advisors, LLC | $1.2M | 12.06% |
| MarketAxess Corporation | $1.1M | 11.59% |
| Morgan Stanley & Co. LLC | $1.0M | 10.58% |
| J.P. Morgan Securities LLC | $1.0M | 10.24% |
| BofA Securities, Inc. | $938K | 9.56% |
| Citigroup Global Markets Inc. | $624K | 6.36% |
| Deutsche Bank Securities Inc. | $573K | 5.84% |
| Barclays Capital Inc. | $488K | 4.97% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.