SIMS Fees and Costs — State Street(R) SPDR(R) S&P Kensho Intelligent Structures 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 $2K in broker commissions, 0.0211% of average net assets, and portfolio turnover was 25%.
SIMS Fees and Expenses
Annual operating expenses and sales charges of SIMS. 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 |
SIMS Costs Over Time
On $10,000 invested in SIMS, assuming 5% a year before costs, total costs come to $298 over 5 years, cutting the return by 0.49% 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) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $49 | $163 | $298 |
| Value after costs | $10,451 | $11,413 | $12,465 |
| Impact on return, per year | 0.49% | 0.49% | 0.49% |
SIMS 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): 0.0211%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $829K
- Portfolio turnover (prospectus): 25%
- Securities on loan, average value: $850K
- Net income from securities lending: $3K (0.035% of average net assets)
SIMS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1K | 75.88% |
| BofA Securities, Inc. | $406 | 21.95% |
| Fidelity Brokerage Services LLC | $24 | 1.27% |
| Nomura Securities International, Inc. | $12 | 0.67% |
| Virtu Americas LLC | $3 | 0.17% |
| CastleOak Securities, L.P. | $1 | 0.05% |
| Morgan Stanley & Co. LLC | $0 | 0.01% |
| Barclays Capital Inc. | $0 | 0.00% |
SIMS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $738K | 88.99% |
| BofA Securities, Inc. | $91K | 11.01% |
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.