XLBI Fees and Costs — State Street(R) Materials Select Sector SPDR(R) Premium Income ETF
Data updated: 2026-08-28
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.2589% of average net assets, and portfolio turnover was 3%.
XLBI Fees and Expenses
Annual operating expenses and sales charges of XLBI. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
XLBI Costs Over Time
On $10,000 invested in XLBI, assuming 5% a year before costs, total costs come to $384 over 5 years, cutting the return by 0.64% 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 0.35%) | $37 | $115 | $200 |
| Trading costs (broker commissions) | $27 | $85 | $148 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $210 | $384 |
| Value after costs | $10,436 | $11,366 | $12,379 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
XLBI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2589%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $342K
- Portfolio turnover (prospectus): 3%
- Securities lending: none during the year
XLBI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $5K | 99.84% |
| UBS Securities LLC | $5 | 0.10% |
| BofA Securities, Inc. | $1 | 0.03% |
| Fidelity Brokerage Services LLC | $1 | 0.01% |
| Citigroup Global Markets Inc. | $1 | 0.01% |
| Nomura Securities International, Inc. | $0 | 0.01% |
XLBI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $295K | 86.36% |
| Morgan Stanley & Co. LLC | $47K | 13.64% |
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.