SLY Fees and Costs — SPDR(R) S & P 600 Small Cap ETF
Data updated: 2023-05-30
The net expense ratio is 0.15%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $68K in broker commissions, 0.0039% of average net assets, and portfolio turnover was 82%.
SLY Fees and Expenses
Annual operating expenses and sales charges of SLY. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| Net expense ratio | 0.15% |
| 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 |
SLY Costs Over Time
On $10,000 invested in SLY, assuming 5% a year before costs, total costs come to $98 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $3 | $9 |
| Total costs | $16 | $53 | $98 |
| Value after costs | $10,484 | $11,523 | $12,665 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
SLY 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): 0.0039%
- Total broker commissions: $68K
- Bought from dealers (principal trades, not a cost): $185.1M
- Portfolio turnover (prospectus): 82%
- Securities on loan, average value: $122.1M
- Net income from securities lending: $254K (0.014% of average net assets)
SLY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $18K | 26.95% |
| Barclays Capital Inc. | $14K | 20.28% |
| Goldman Sachs & Co. LLC | $13K | 19.19% |
| Morgan Stanley & Co. LLC | $10K | 14.17% |
| J.P. Morgan Securities LLC | $4K | 5.73% |
| Citigroup Global Markets Inc. | $3K | 5.16% |
| BofA Securities, Inc. | $3K | 4.76% |
| Credit Suisse Securities (USA) LLC | $2K | 2.49% |
| The Williams Capital Group, L.P. | $629 | 0.93% |
| CastleOak Securities, L.P. | $229 | 0.34% |
SLY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $183.8M | 99.81% |
| J.P. Morgan Securities LLC | $207K | 0.11% |
| Barclays Capital Inc. | $151K | 0.08% |
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.