|
|
Annual
Rate* |
|
SPDR SSGA Ultra Short Term Bond ETF
|
0.20%
|
|
SPDR Loomis Sayles Opportunistic Bond ETF
|
0.55
|
|
SPDR Nuveen Municipal Bond ETF
|
0.40
|
| *
|
The
Advisory fee is reduced for SPDR SSGA Multi-Asset Real Return ETF, SPDR
SSGA Income Allocation ETF and SPDR SSGA Global Allocation ETF by the
acquired fund fees and expenses. For the year ended December 31, 2021, the
net annualized advisory fee was 0.07%, 0.13%, and 0.17% for the SPDR SSGA
Multi-Asset Real Return ETF, SPDR SSGA Income Allocation ETF, SPDR SSGA
Global Allocation ETF, respectively. |
From
time to time, the Adviser may waive all or a portion of its Management fee. The
Adviser has contractually agreed to waive a portion of its Management fee and/or
reimburse expenses in an amount equal to any acquired fund fees and expenses
(excluding holdings in acquired funds for cash management purposes, if any) for
each Fund until October 31, 2022. This waiver and/or reimbursement does not
provide for the recoupment by the Adviser of any amounts waived or reimbursed.
This waiver and/or reimbursement may not be terminated prior to October 31,
2022, except with the approval of the Board.
The
Adviser pays all expenses of each Fund other than the Management fee, brokerage
expenses, taxes, interest, fees and expenses of the Trustees, who are not
“interested persons” of the Trust, as defined in the 1940 Act (“Independent
Trustees”) (including any Trustee’s counsel fees), litigation expenses and other
extraordinary expenses.
Administrator,
Custodian, Sub-Administrator and Transfer Agent Fees
SSGA
FM serves as administrator and State Street Bank and Trust Company (“State
Street”), an affiliate of the Adviser, serves as custodian, sub-administrator
and transfer agent. State Street receives fees for its services as custodian,
sub-administrator and transfer agent from the Adviser.
Distributor
State
Street Global Advisors Funds Distributors, LLC (“SSGA FD” or the “Distributor”),
an affiliate of the Adviser, serves as the distributor of the Trust.
Other
Transactions with Affiliates - Securities Lending
State
Street, an affiliate of the Funds, acts as the securities lending agent for the
Funds, pursuant to an amended and restated securities lending authorization
agreement dated January 6, 2017.
Beginning
on January 1, 2022, net proceeds collected by State Street on investment of cash
collateral or any fee income less rebates payable to borrowers, are paid as
follows: If the calendar year to date net proceeds are below a specified
threshold across SPDR ETFs, each Fund retains eighty five percent (85%) of the
net proceeds and fifteen percent (15%) of such net proceeds is payable to State
Street. Starting the business day following the date that calendar year to date
net proceeds exceeds a specified threshold, each Fund retains ninety percent
(90%) of the net proceeds and ten percent (10%) of such net proceeds is payable
to State Street. Prior to January 1, 2022, net proceeds were 85% payable to the
Funds, and 15% payable to State Street.
In
addition, cash collateral from lending activities is invested in the State
Street Navigator Securities Lending Portfolio II, an affiliated fund, for which
SSGA FM serves as investment adviser. See Note 10 for additional information
regarding securities lending.
Other
Transactions with Affiliates
The
Funds may invest in affiliated entities, including securities issued by State
Street Corporation, affiliated funds, or entities deemed to be affiliates as a
result of the Funds owning more than five percent of the entity’s voting
securities or outstanding shares. Amounts relating to these transactions during
the period ended December 31, 2021 are disclosed in the Schedules of
Investments.
6. Trustees’
Fees
The
fees and expenses of the Independent Trustees are paid directly by the Funds.
The Independent Trustees are reimbursed for travel and other out-of-pocket
expenses in connection with meeting attendance and industry
seminars.
