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State Street Australian Cash Trust

as of 05 Dec 2023
Management Costs
0.1% p.a.
Base Currency
Fund Size
AUD $295.9 mn
as of 31 Oct 2023
Buy/Sell Spread

Key Features

  • Access High-Quality - provides access to high-quality, short-term money market securities issued in Australia.
  • Competitive Yield - aims to deliver a yield comparable to the benchmark.
  • Income Generation - income is distributed regularly on a monthly basis.1
  • Daily Liquidity - a money market solution for investors seeking daily liquidity.
  • ESG Aware – seeks to exclude exposure to companies that are classified as  ESG “Laggards” or “Under Performers” on our ‘Responsibility Factor’ (R-Factor™).

Investment Objective

The State Street Australian Cash Trust ("the Fund") seeks an investment return that approximates as closely as practicable, before expenses, the performance of the Bloomberg AusBond Bank Bill Index.

About this Benchmark

The Bloomberg AusBond Bank Bill Index ("the Index") represents a short-term Australian money market portfolio. The Index is valued using the Reserve Bank of Australia cash rate and Australian Stock Exchange Bank Bill Swap Rates.

Investment Strategy

In managing the Fund, our primary investment strategy is index sampling. The goal of the sampling strategy is to mirror the returns and characteristics of the Index. Our investment process involves purchasing a selection of short term money market securities such that the portfolio matches key characteristics of the index. Characteristics include credit quality, duration, sector exposure and running yield. The Fund also aims to avoid exposure to companies that score unfavourably on financially material sustainability issues relative to their industry peers, as well as performance against market specific corporate governance codes.

The Fund is suitable for investors seeking a high degree of liquidity and low risk.

Fund Information as of 05 Dec 2023

Benchmark Bloomberg AusBond Bank Bill Index
Inception Date 31 Mar 1998
Management Costs 0.1% p.a.
Buy/Sell Spread -
Minimum Initial Investment AUD 25,000
Pricing Daily
Distribution Frequency Monthly
ARSN Code 089 590 358

Fund Pricing as of 30 Nov 2023

NAV AUD $1.0000
Application AUD $1.0000
Redemption AUD $1.0000

Fund Performance

  • Fund Inception Date: 31 Mar 1998

as of 31 Oct 2023

As Of 1 Month 3 Months 1 Year 3 Years (p.a.) 5 Years (p.a.) Since Inception (p.a.)
31 Mar 1998
Fund (Gross) 31 Oct 2023 0.39% 1.13% 3.95% 1.67% 1.56% 3.99%
Fund (Net) 31 Oct 2023 0.38% 1.10% 3.85% 1.57% 1.46% 3.89%
Bloomberg AusBond Bank Bill Index
31 Oct 2023 0.33% 1.04% 3.66% 1.47% 1.31% 3.84%
Difference (Gross) 31 Oct 2023 0.05% 0.09% 0.29% 0.20% 0.25% 0.16%
Difference (Net) 31 Oct 2023 0.04% 0.06% 0.19% 0.10% 0.14% 0.05%

Past performance is not a reliable indicator of future performance. Performance returns for periods of less than one year are not annualised. The performance figures contained herein reflect Total Returns and are provided on a net and gross of fees basis. Performance figures are calculated using end-of-month exit prices and assume the reinvestment of distributions and make no allowance for tax. Net performance figures are after management and transaction costs. Gross performance figures are before management costs but after transaction costs. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. The calculation method for the value added returns may show rounding differences.

Source: State Street Global Advisors

Top Holdings

Download All Holdings: Monthly

1 The Responsible Entity reserves the right to not pay any distribution.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates raise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. Investments in asset backed and mortgage backed securities are subject to prepayment risk which can limit the potential for gain during a declining interest rate environment and increases the potential for loss in a rising interest rate environment.

Bloomberg Finance L.P. and its affiliates (collectively, "Bloomberg") do not approve or endorse this material and disclaim all liability for any loss or damage of any kind arising out of the use of all or any part of this material.