SPMB Fees and Costs — State Street(R) SPDR(R) Portfolio Mortgage Backed Bond ETF
Data updated: 2026-09-11
The net expense ratio is 0.04%. There are no sales loads or redemption fees. Portfolio turnover was 1107%.
SPMB Fees and Expenses
Annual operating expenses and sales charges of SPMB. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.04% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.04% |
| Fee waiver | — |
| Net expense ratio | 0.04% |
| 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 |
SPMB Costs Over Time
On $10,000 invested in SPMB, assuming 5% a year before costs, total costs come to $26 over 5 years, cutting the return by 0.04% 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 0.04%) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $1 | $2 |
| Total costs | $4 | $14 | $26 |
| Value after costs | $10,496 | $11,562 | $12,737 |
| Impact on return, per year | 0.04% | 0.04% | 0.04% |
SPMB 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $25.1B
- Portfolio turnover (prospectus): 1107%
- Securities lending: none during the year
SPMB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $5.4B | 22.47% |
| Goldman Sachs & Co. LLC | $4.1B | 17.00% |
| Citigroup Global Markets Inc. | $3.8B | 15.77% |
| State Street Bank and Trust Company | $3.5B | 14.75% |
| Morgan Stanley & Co. LLC | $1.7B | 7.14% |
| Mizuho Securities USA LLC | $1.5B | 6.44% |
| J.P. Morgan Securities LLC | $1.5B | 6.14% |
| Wells Fargo Securities, LLC | $1.0B | 4.19% |
| BofA Securities, Inc. | $904.9M | 3.77% |
| Stonex Financial Inc. | $564.2M | 2.35% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.