XLSR Fees and Costs — State Street(R) US Sector Rotation ETF
Data updated: 2026-09-11
The net expense ratio is 0.70%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $204K in broker commissions, 0.0233% of average net assets, and portfolio turnover was 183%.
XLSR Fees and Expenses
Annual operating expenses and sales charges of XLSR. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.70% |
| Fee waiver | — |
| Net expense ratio | 0.70% |
| 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 |
XLSR Costs Over Time
On $10,000 invested in XLSR, assuming 5% a year before costs, total costs come to $455 over 5 years, cutting the return by 0.76% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $249 | $455 |
| Value after costs | $10,424 | $11,327 | $12,308 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
XLSR 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): 0.0233%
- Total broker commissions: $204K
- Bought from dealers (principal trades, not a cost): $38.1M
- Portfolio turnover (prospectus): 183%
- Securities on loan, average value: $206.7M
- Net income from securities lending: $488K (0.056% of average net assets)
XLSR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $144K | 70.55% |
| Virtu Americas LLC | $24K | 11.90% |
| Morgan Stanley & Co. LLC | $17K | 8.32% |
| BofA Securities, Inc. | $16K | 7.65% |
| The Williams Capital Group, L.P. | $1K | 0.55% |
| Nomura Securities International, Inc. | $842 | 0.41% |
| Goldman Sachs & Co. LLC | $777 | 0.38% |
| Fidelity Brokerage Services LLC | $301 | 0.15% |
| CastleOak Securities, L.P. | $137 | 0.07% |
| Citigroup Global Markets Inc. | $47 | 0.02% |
XLSR Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $38.1M | 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.