FYI: Securities lending is the best-kept secret in the ETF business.
Even the most sophisticated investors are unaware that 60% of all U.S.-listed ETFs can and often lend out the securities within their portfolios.
Issuers say that the practice helps them offset costs and improve fund performance. For the majority of ETFs, however, the revenue boost gained from securities lending is minimal, and barely impacts investor costs, even for funds that lend hundreds of millions of dollars in securities from their portfolio.
Regards,
Ted
http://www.etf.com/sections/features-and-news/securities-lending-good-etf-investors?nopaging=1
