State Street Cuts Blackstone High Income ETF Fee by 21%

State Street Investment Management has reduced the management fee of the State Street Blackstone High Income ETF (HYBL) from 0.70% to 0.55%, effective November 12, 2026. The 15-basis-point reduction represents a roughly 21% decrease in annual management costs, bringing the fund's total annual operating expenses to 0.55%. According to the updated prospectus, investors holding $10,000 in the ETF would now pay approximately $56 in expenses over one year and $176 over three years, assuming a 5% annual return and unchanged fees. The actively managed fund, managed in partnership with Blackstone Credit, provides exposure to higher-yielding fixed-income securities. The fee reduction improves the fund's cost competitiveness as issuers compete for investor allocations in the actively managed fixed-income ETF market.