TOTL Fees and Costs — State Street(R) DoubleLine(R) Total Return Tactical ETF
Data updated: 2026-09-11
The net expense ratio is 0.55%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $73K in broker commissions, 0.0018% of average net assets, and portfolio turnover was 20%.
TOTL Fees and Expenses
Annual operating expenses and sales charges of TOTL. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| 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 |
TOTL Costs Over Time
On $10,000 invested in TOTL, assuming 5% a year before costs, total costs come to $348 over 5 years, cutting the return by 0.58% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $191 | $348 |
| Value after costs | $10,442 | $11,386 | $12,415 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
TOTL 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): 0.0018%
- Total broker commissions: $73K
- Bought from dealers (principal trades, not a cost): $6.0B
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
TOTL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $73K | 100.00% |
TOTL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $3.1B | 57.95% |
| J.P. Morgan Securities LLC | $473.3M | 8.78% |
| BMO Capital Markets Corp. | $317.5M | 5.89% |
| Morgan Stanley & Co. LLC | $312.3M | 5.79% |
| Barclays Capital Inc. | $248.0M | 4.60% |
| Goldman Sachs & Co. LLC | $243.4M | 4.52% |
| BofA Securities, Inc. | $212.4M | 3.94% |
| Citigroup Global Markets Inc. | $182.3M | 3.38% |
| Wells Fargo Securities, LLC | $155.5M | 2.88% |
| Stonex Financial Inc. | $121.5M | 2.25% |
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.