HYBL (State Street Blackstone High Income ETF) Cuts Its Management Fee to 0.55%
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On November 12, 2026, the State Street Blackstone High Income ETF lowered its annual management fee from 0.70% to 0.55% of average daily net assets, effective immediately. The updated prospectus lists total annual fund operating expenses at 0.55%.
The reduction saves about $15 a year for every $10,000 invested, assuming the value of the investment stays at that level. HYBL invests in high-yield corporate bonds, senior loans and debt backed by pools of loans. The interest those investments earn has to cover the fund’s expenses before it can contribute to what shareholders receive.
We see the fee cut as a modest improvement for income investors because a smaller share of portfolio income goes to management costs. How much that helps the payout will depend on what the portfolio earns after expenses and how the underlying borrowers hold up.
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This article is general information, not personalized investment advice. Fly High Investing may hold securities discussed in this article.