SPGM Fees and Costs — SPDR(R) Portfolio MSCI Global Stock Market ETF
Data updated: 2026-08-28
The net expense ratio is 0.09%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $30K in broker commissions, 0.0030% of average net assets.
SPGM Fees and Expenses
Annual operating expenses and sales charges of SPGM. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.09% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.09% |
| Fee waiver | — |
| Net expense ratio | 0.09% |
| 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 |
SPGM Costs Over Time
On $10,000 invested in SPGM, assuming 5% a year before costs, total costs come to $59 over 5 years, cutting the return by 0.10% 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 0.09%) | $9 | $30 | $52 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $2 | $5 |
| Total costs | $10 | $32 | $59 |
| Value after costs | $10,490 | $11,544 | $12,704 |
| Impact on return, per year | 0.10% | 0.10% | 0.10% |
SPGM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0030%
- Total broker commissions: $30K
- Bought from dealers (principal trades, not a cost): $99.3M
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $32.7M
- Net income from securities lending: $254K (0.025% of average net assets)
SPGM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $6K | 25.10% |
| J.P. Morgan Securities LLC | $5K | 21.34% |
| Goldman Sachs & Co. LLC | $3K | 11.28% |
| UBS Securities LLC | $2K | 9.09% |
| Jefferies LLC | $2K | 7.88% |
| Morgan Stanley & Co. LLC | $2K | 6.74% |
| Citigroup Global Markets Inc. | $1K | 5.77% |
| CLSA Americas, LLC | $1K | 4.59% |
| Macquarie Capital (USA) Inc. | $1000 | 4.28% |
| BNP Paribas Securities Corp. | $918 | 3.93% |
SPGM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $96.7M | 99.80% |
| J.P. Morgan Securities LLC | $87K | 0.09% |
| Citadel Securities LLC | $59K | 0.06% |
| Goldman Sachs & Co. LLC | $29K | 0.03% |
| BofA Securities, Inc. | $12K | 0.01% |
| Citigroup Global Markets Inc. | $6K | 0.01% |
| SG Americas Securities, LLC | $22 | 0.00% |
| Jefferies LLC | $14 | 0.00% |
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.