SPTM Fees and Costs — State Street(R) SPDR(R) Portfolio S&P 1500(R) Composite Stock Market ETF
Data updated: 2026-09-11
The net expense ratio is 0.03%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $32K in broker commissions, 0.0003% of average net assets, and portfolio turnover was 2%.
SPTM Fees and Expenses
Annual operating expenses and sales charges of SPTM. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.03% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.03% |
| Fee waiver | — |
| Net expense ratio | 0.03% |
| 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 |
SPTM Costs Over Time
On $10,000 invested in SPTM, assuming 5% a year before costs, total costs come to $19 over 5 years, cutting the return by 0.03% 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 0.03%) | $3 | $10 | $17 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $0 | $2 |
| Total costs | $3 | $11 | $19 |
| Value after costs | $10,497 | $11,566 | $12,743 |
| Impact on return, per year | 0.03% | 0.03% | 0.03% |
SPTM 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): 0.0003%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): $410.1M
- Portfolio turnover (prospectus): 2%
- Securities on loan, average value: $216.0M
- Net income from securities lending: $366K (0.003% of average net assets)
SPTM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $10K | 33.57% |
| BofA Securities, Inc. | $5K | 15.69% |
| Virtu Americas LLC | $4K | 12.38% |
| Morgan Stanley & Co. LLC | $4K | 11.58% |
| Citadel Securities LLC | $2K | 7.06% |
| Citigroup Global Markets Inc. | $2K | 6.10% |
| Barclays Capital Inc. | $2K | 5.95% |
| Piper Sandler & Co. | $1K | 4.60% |
| J.P. Morgan Securities LLC | $550 | 1.80% |
| Nomura Securities International, Inc. | $393 | 1.28% |
SPTM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $406.4M | 99.37% |
| Morgan Stanley & Co. LLC | $2.6M | 0.63% |
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.