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And Down Came the Spider

State Street lowers expense ratio for SDPR ETF.

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The Spider just got cheaper, but it's still not the cheapest.

State Street Bank has reduced the maximum expense ratio of its S&P 500 exchange-traded index fund known as the SPDR (short for Standard & Poor's Depository Receipts) (SPY) from 0.12% to 0.10%.

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Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.