ULST Fees and Costs — State Street(R) Ultra Short Term Bond ETF
Data updated: 2026-09-11
The net expense ratio is 0.20%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $2K in broker commissions, 0.0004% of average net assets, and portfolio turnover was 60%.
ULST Fees and Expenses
Annual operating expenses and sales charges of ULST. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| 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 |
ULST Costs Over Time
On $10,000 invested in ULST, assuming 5% a year before costs, total costs come to $127 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $69 | $127 |
| Value after costs | $10,479 | $11,507 | $12,635 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
ULST 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): 0.0004%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $3.1B
- Portfolio turnover (prospectus): 60%
- Securities lending: none during the year
ULST Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2K | 100.00% |
ULST Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.9B | 64.83% |
| Barclays Capital Inc. | $255.3M | 8.59% |
| Deutsche Bank Securities Inc. | $209.7M | 7.06% |
| BMO Capital Markets Corp. | $139.3M | 4.69% |
| Nomura Securities International, Inc. | $124.3M | 4.18% |
| Goldman Sachs & Co. LLC | $73.3M | 2.47% |
| J.P. Morgan Securities LLC | $69.6M | 2.34% |
| Morgan Stanley & Co. LLC | $63.7M | 2.14% |
| Citigroup Global Markets Inc. | $59.9M | 2.01% |
| Wells Fargo Securities, LLC | $50.0M | 1.68% |
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.