SPYM Fees and Costs — State Street(R) SPDR(R) Portfolio S&P 500(R) ETF
Data updated: 2026-09-11
The net expense ratio is 0.02%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $215K in broker commissions, 0.0002% of average net assets, and portfolio turnover was 5%.
SPYM Fees and Expenses
Annual operating expenses and sales charges of SPYM. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.02% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.02% |
| Fee waiver | — |
| Net expense ratio | 0.02% |
| 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 |
SPYM Costs Over Time
On $10,000 invested in SPYM, assuming 5% a year before costs, total costs come to $13 over 5 years, cutting the return by 0.02% 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 0.02%) | $2 | $7 | $12 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $0 | $1 |
| Total costs | $2 | $7 | $13 |
| Value after costs | $10,498 | $11,569 | $12,750 |
| Impact on return, per year | 0.02% | 0.02% | 0.02% |
SPYM 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): 0.0002%
- Total broker commissions: $215K
- Bought from dealers (principal trades, not a cost): $4.3B
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $343.8M
- Net income from securities lending: $705K (0.001% of average net assets)
SPYM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $107K | 53.91% |
| Barclays Capital Inc. | $28K | 13.83% |
| Citigroup Global Markets Inc. | $18K | 8.86% |
| BofA Securities, Inc. | $12K | 6.15% |
| Academy Securities, Inc. | $10K | 4.79% |
| Cabrera Capital Markets LLC | $7K | 3.77% |
| Piper Sandler & Co. | $7K | 3.32% |
| Morgan Stanley & Co. LLC | $5K | 2.37% |
| RBC Capital Markets, LLC | $3K | 1.56% |
| Loop Capital Markets LLC | $3K | 1.45% |
SPYM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $4.3B | 99.30% |
| Morgan Stanley & Co. LLC | $30.4M | 0.70% |
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.