TLO symbol changed to SPTLO
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TLO symbol changed to SPTLO
The symbol changed in my accounts, TLO is now SPTLO.
Re: TLO symbol changed to SPTLO
And the shares split at the same time, apparently.
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Re: TLO symbol changed to SPTLO
Looks like the slashed fees on it. The current fee now shows as .06%.
Re: TLO symbol changed to SPTLO
It's not just TLO. State Street completely revamped their lineup of low-cost indices with very low fees all around. If you're shopping for a new fund, it's definitely worth a look.
http://newsroom.statestreet.com/press-r ... rtfolio-et
http://newsroom.statestreet.com/press-r ... rtfolio-et
Re: TLO symbol changed to SPTLO
I love this race to the bottom in fees. Investing for pennies!
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Re: TLO symbol changed to SPTLO
Do you think this moves TLO to the top of the list for LT Bond ETFs? Traditional TLT was the #1 choice and TLO only used in cases where it was commission free, such as at Schwab.
Re: TLO symbol changed to SPTLO
You definitely have to be careful trading the smaller ETFs. Careful use of limit orders and watch the bid/ask spread.
Re: TLO symbol changed to SPTLO
This thing has me pretty upset. They sent me an email this morning touting how they were expanding their commission-free ETF lineup. Looking into it, all of my commission-free ETFs I use are getting cut.... TLT, IVV, IJH, IJR. Even the popular ones I used in the past... SHY, VTI, VNQ, BND, AGG, etc.MangoMan wrote:Probably related:
TDAmeritrade has increased its lineup of commission-free ETFs from around 100 to almost 300. Unfortunately, they are eliminating Vanguard and the common State Street funds like TLT and replacing them with more thinly traded offerings, but with lower expense ratios.
old list of commission-free ETFs: https://www.tdameritrade.com/retail-en_ ... 000834.pdf
new list: https://www.tdameritrade.com/retail-en_ ... 000835.pdf
They are increasing the NUMBER of ETFs on the list, but cutting out some of the most popular funds. It's making me consider switching brokers.
Don't agree with me too strongly or I'm going to change my mind
Re: TLO symbol changed to SPTLO
That's too bad. If you do switch brokers, and if it's a taxable account, have them transfer the shares over intact, so you don't have a taxable event.eufo wrote:This thing has me pretty upset. They sent me an email this morning touting how they were expanding their commission-free ETF lineup. Looking into it, all of my commission-free ETFs I use are getting cut.... TLT, IVV, IJH, IJR. Even the popular ones I used in the past... SHY, VTI, VNQ, BND, AGG, etc. They are increasing the NUMBER of ETFs on the list, but cutting out some of the most popular funds. It's making me consider switching brokers.
Re: TLO symbol changed to SPTLO
I'm being overly dramatic, but I am genuinely displeased. I have a ton of information to mull over, though. The new State Street ultra low cost ETFs have some appeal, but some of them are using brand new indices they created, which I read as "unproven". Ugh.ochotona wrote:That's too bad. If you do switch brokers, and if it's a taxable account, have them transfer the shares over intact, so you don't have a taxable event.eufo wrote:This thing has me pretty upset. They sent me an email this morning touting how they were expanding their commission-free ETF lineup. Looking into it, all of my commission-free ETFs I use are getting cut.... TLT, IVV, IJH, IJR. Even the popular ones I used in the past... SHY, VTI, VNQ, BND, AGG, etc. They are increasing the NUMBER of ETFs on the list, but cutting out some of the most popular funds. It's making me consider switching brokers.
Thanks for the advice on avoiding a taxable event. I think I'm going to end up keeping these ETFs intact and make new purchases in other vehicles... at least for my margin account.
Don't agree with me too strongly or I'm going to change my mind