Skip to main content

State Street Australian Equities Index Trust

NAV
AUD $1.4084
as of 28 Feb 2024
Management Costs
0.16% p.a.
Base Currency
AUD
Fund Size
AUD $75.4 mn
as of 31 Jan 2024
Buy/Sell Spread
0.05%/0.05%

Key Features

  • Core Index Exposure - a potential core Australian equity exposure for investors.
  • Diversification - provides low-cost access to the 200 largest, and most liquid, publicly listed entities in the Australian equity market.
  • Capture Growth and Income - capture possible stock growth opportunities, dividends and franking credits.
  • Rigorous Index Tracking - a rigorous investment approach seeks to closely mirror the performance returns of the benchmark.

Investment Objective

The State Street Australian Equities Index Trust ("the Fund") seeks an investment return that approximates as closely as practicable, before expenses, the performance of the S&P/ASX 200 Accumulation Index.

About this Benchmark

The S&P/ASX 200 Accumulation Index ("the Index") represents the 200 largest, publicly listed entities in the Australian equity market by float adjusted market capitalisation. The Index is recognised as one of the most systematically important financial benchmarks in Australia.1

Investment Strategy

In managing the Fund, our primary investment approach is full replication of the Index. The goal of the indexed strategy is to mirror the returns and characteristics of the underlying benchmark. As a result, we will attempt to hold each stock in the benchmark in approximately the same weight as it appears in the Index. Our strategy is to buy and hold securities, trading only when there is a change to the index, investor cash flows, or to reinvest cash from dividend or distribution income, tax reclaims or corporate actions. This approach minimises tracking error and transaction costs due to its low turnover.

The Fund is suitable for investors seeking capital growth over the long term and returns consistent with the broader Australian equity market.

Fund Information as of 29 Feb 2024

Benchmark S&P/ASX 200 Accumulation Index
Inception Date 31 Jan 1998
Management Costs 0.16% p.a.
Buy/Sell Spread 0.05%/0.05%
Minimum Initial Investment AUD 25,000
Pricing Daily
Distribution Frequency Semi-Annually
APIR Code SST0004AU
ARSN Code 089 590 312
ISIN AU60SST00043

Fund Pricing as of 28 Feb 2024

NAV AUD $1.4084
Application AUD $1.4091
Redemption AUD $1.4077

Fund Performance

  • Fund Inception Date: 31 Jan 1998

as of 31 Jan 2024

As Of 1 Month 3 Months 1 Year 3 Years (p.a.) 5 Years (p.a.) Since Inception (p.a.)
31 Jan 1998
Fund (Gross) 31 Jan 2024 1.20% 14.05% 7.15% 9.64% 9.78% 8.57%
Fund (Net) 31 Jan 2024 1.18% 14.00% 6.97% 9.47% 9.61% 8.41%
Benchmark
S&P/ASX 200 Accumulation Index

Prior to 31 January 2013 the performance benchmark for the State Street Australian Equities Index Trust was the S&P/ASX All Australian 200 Accumulation Index.

31 Jan 2024 1.19% 13.99% 7.09% 9.57% 9.71% 8.55%
Difference (Gross) 31 Jan 2024 0.01% 0.06% 0.06% 0.07% 0.08% 0.02%
Difference (Net) 31 Jan 2024 -0.01% 0.02% -0.11% -0.10% -0.10% -0.14%

Prior to 31 January 2013 the performance benchmark for the Fund was the S&P/ASX All Australian 200 Accumulation Index. 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 except for the 'Since Inception' return which is calculated using NAV prices for the pre 1 January 2010 period, and end-of-month exit prices thereafter, 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 as of 31 Jan 2024

Name Fund Benchmark
BHP GROUP LTD 10.47% 10.48%
COMMONWEALTH BANK OF AUSTRAL 8.60% 8.61%
CSL LTD 6.37% 6.37%
NATIONAL AUSTRALIA BANK LTD 4.46% 4.46%
WESTPAC BANKING CORP 3.72% 3.71%
ANZ GROUP HOLDINGS LTD 3.57% 3.57%
MACQUARIE GROUP LTD 3.00% 2.99%
WESFARMERS LTD 2.88% 2.88%
WOODSIDE ENERGY GROUP LTD 2.69% 2.69%
FORTESCUE LTD 2.21% 2.21%
Download All Holdings: Monthly

Sector Allocation as of 31 Jan 2024

Name Fund Benchmark
Financials Ex Real Estate Investment Trusts 29.42% 29.42%
Materials 23.77% 23.76%
Healthcare 9.91% 9.90%
Consumer Discretionary 6.86% 6.87%
Industrials 6.73% 6.72%
Real Estate Investment Trusts 6.26% 6.25%
Energy 5.21% 5.21%
Consumer Staples 4.16% 4.18%
Telecommunications Services 3.96% 3.96%
Information Technology 2.37% 2.37%
Utilities 1.35% 1.35%

Sector reporting based on the Global Industry Classification Standard ("GICS") which was developed by and is the exclusive property and a service mark of MSCI Inc. ("MSCI") and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. ("S&P") and is licensed for use by State Street.

Holdings and sector allocation shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future. The holdings are taken from the accounting records of State Street Global Advisors which may differ from the official books and records of the custodian. Excludes cash, cash equivalents and accruals.

Source: State Street Global Advisors

1 ASIC Corporations (Significant Financial Benchmarks) Instrument 2018/420 under subsection 908AC(2) of the Corporations Act 2001 (Austl.). Retrieved from https://www.legislation.gov.au

Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions. Diversification does not ensure a profit or guarantee against loss. This information should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security.

Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC ("S&P") and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed for use by S&P Dow Jones Indices LLC and sublicensed by State Street Global Advisors. The S&P/ASX 200 Index is a product of S&P Dow Jones Indices LLC, and has been licensed by State Street Global Advisors. The Fund is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, their respective affiliates, and none of S&P Dow Jones Indices LLC, Dow Jones, S&P, nor their respective affiliates make any representation regarding the advisability of investing in such product(s).