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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (5277)5/30/1998 10:09:00 PM
From: Mr. BSL  Read Replies (1) | Respond to of 42834
 
<I thought that the SPY is a trust which also has a management fee.>
You are correct. Per the specifications - "...NAV represents the aggregate closing market value of the underlying portfolio of S&P 500 securities in the SPDR Trust plus any accrued dividends, minus accumulated Trust expenses on a per SPDR basis"

Did you catch the show today? I would appreciate any summary comments that anyone could provide.

Regards,

Duke



To: Investor2 who wrote (5277)5/30/1998 10:49:00 PM
From: Alan Bell  Respond to of 42834
 
According a somewhat dated prospectus, the SPDRs have an expense fee which is set to cover the expenses which at the time was 0.1845% plus a trustee fee of 0.11%.

The long term investor using SPDR's should be aware that the SPDRs have a mandatory termination date of Jan 22, 2118. <g>

-- Alan


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