BKLN - State Street Global Advisors lowers fees on two fixed income ETFs

State Street Global Advisors has just lowered fees on two of their fixed income exchange traded funds. The expense ratios will be reduced and put into effect today, March 24th, 2021.The two ETFs that will have fees resized are the following:SPDR Portfolio Mortgage Backed Bond ETF (SPMB), which had an expense ratio of 0.06%, will now have a new fee of 0.04%.SPDR Portfolio High Yield Bond ETF (SPHY), which had an expense ratio of 0.15%, will now have a new fee of 0.10%.“We are always reviewing our low-cost suite of SPDR Portfolio ETFs for opportunities to reduce the total cost of ownership for investors,” said Noel Archard, Global Head of SPDR Product at State Street Global Advisors. For investors that are interested in high yield bonds and mortgage-backed bonds, here are a few other exchange traded funds to analyze:iShares iBoxx $ High Yield Corporate Bond ETF (HYG), Deutsche X-trackers USD High

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State Street Global Advisors lowers fees on two fixed income ETFs