Three prominent US ETFs do no securities lending at all by virtue of being set up as Unit Investment Trusts, as opposed to the prevalent Open-End fund structure of most ETFs. UITs are much more restricted by regulation as the Nasdaq website notes in ETF Product Structures. The three ETFS?
- SPDR S&P 500 (Symbol: SPY) - the oldest US ETF (est. 1993) and the biggest by assets of all by far with a puny MER of 0.09%
- Dow Diamonds (DIA) - tracker of the famous Dow Jones Industrial Average, est. 1998 MER 0.167%
- Invesco Powershares QQQ (QQQQ) - holds 100 of the most prominent Nasdaq worthies, est 1999, MER 0.20%