SSAQX Fees and Costs — State Street U.S. Core Equity Fund
Data updated: 2026-08-28
The net expense ratio is 0.13%: a 0.12% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $894K in broker commissions, 0.0171% of average net assets, and portfolio turnover was 40%.
SSAQX Fees and Expenses
Annual operating expenses and sales charges of SSAQX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.12% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.13% |
| Fee waiver | — |
| Net expense ratio | 0.13% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
SSAQX Costs Over Time
On $10,000 invested in SSAQX, assuming 5% a year before costs, total costs come to $94 over 5 years, cutting the return by 0.15% 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 0.13%) | $14 | $43 | $75 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $15 | $51 | $94 |
| Value after costs | $10,485 | $11,525 | $12,669 |
| Impact on return, per year | 0.15% | 0.15% | 0.15% |
SSAQX 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): 0.0171%
- Total broker commissions: $894K
- Bought from dealers (principal trades, not a cost): $2.1B
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
SSAQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $201K | 23.32% |
| Barclays Capital Inc. | $179K | 20.77% |
| BofA Securities, Inc. | $111K | 12.85% |
| Goldman Sachs & Co. LLC | $76K | 8.76% |
| Morgan Stanley & Co. LLC | $67K | 7.81% |
| J.P. Morgan Securities LLC | $61K | 7.06% |
| Piper Sandler & Co. | $54K | 6.25% |
| Fidelity Brokerage Services LLC | $51K | 5.88% |
| Nomura Securities International, Inc. | $40K | 4.64% |
| Citadel Securities LLC | $23K | 2.65% |
SSAQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $2.1B | 100.00% |
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.