RLY Fees and Costs — State Street(R) Multi-Asset Real Return ETF
Data updated: 2026-09-11
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $122K in broker commissions, 0.0156% of average net assets.
RLY Fees and Expenses
Annual operating expenses and sales charges of RLY. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
RLY Costs Over Time
On $10,000 invested in RLY, assuming 5% a year before costs, total costs come to $326 over 5 years, cutting the return by 0.54% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $54 | $178 | $326 |
| Value after costs | $10,446 | $11,398 | $12,437 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
RLY 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): 0.0156%
- Total broker commissions: $122K
- Bought from dealers (principal trades, not a cost): $61.4M
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $66.0M
- Net income from securities lending: $481K (0.061% of average net assets)
RLY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $44K | 36.28% |
| BofA Securities, Inc. | $26K | 21.57% |
| Citadel Securities LLC | $19K | 15.44% |
| Virtu Americas LLC | $16K | 12.96% |
| Citigroup Global Markets Inc. | $14K | 11.29% |
| Goldman Sachs & Co. LLC | $1K | 1.13% |
| J.P. Morgan Securities LLC | $733 | 0.60% |
| Morgan Stanley & Co. LLC | $644 | 0.53% |
| UBS Securities LLC | $187 | 0.15% |
| Sanford C. Bernstein & Co., LLC | $57 | 0.05% |
RLY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $61.4M | 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.