State Street Australian Fixed Income Index Trust

Overview
Performance
Holdings
Documents

NAV

AUD $1.0363

as of 23 Jun 2021

Management Costs

0.16% p.a.

Base Currency

AUD

Fund Size

AUD $331.4 mn

as of 31 May 2021

Buy/Sell Spread

0.04%/0.04%

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Key Features

Core Index Exposure - a potential core Australian fixed income exposure for investors.

Diversification - a low-cost, diversified portfolio of Australian bonds that can possibly complement an equity portfolio.

Access High-Quality - provides access to government, semi-government and corporate bonds issued in Australia; all rated investment grade (BBB-/Baa3 or higher).

Income Generation - income is distributed on a quarterly basis.¹

Investment Objective

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

About this Benchmark

The Bloomberg AusBond Composite Bond Index ("the Index") represents investment grade, fixed-interest bonds issued in the Australian debt market. Underlying sectors include Commonwealth, semi-governments, credit, supranationals and non-Australian governments.

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. As a result, we purchase a selection of securities from the Index such that the portfolio matches key characteristics of the Index. Key characteristics include duration, yield, sector exposure and credit quality.

The Fund is suitable for investors seeking income from an exposure to the Australian fixed income market.

Fund Information as of 24 Jun 2021

Benchmark	Inception Date	Management Costs	Buy/Sell Spread	Minimum Initial Investment
Bloomberg AusBond Composite Bond Index	31 Mar 1998	0.16% p.a.	0.04%/0.04%	AUD 25,000

Benchmark	Bloomberg AusBond Composite Bond Index
Inception Date	31 Mar 1998
Management Costs	0.16% p.a.
Buy/Sell Spread	0.04%/0.04%
Minimum Initial Investment	AUD 25,000

Pricing	Distribution Frequency	APIR Code	ARSN Code	ISIN
Daily	Quarterly	SST0005AU	089 590 643	AU60SST00050

Pricing	Daily
Distribution Frequency	Quarterly
APIR Code	SST0005AU
ARSN Code	089 590 643
ISIN	AU60SST00050

Fund Pricing as of 23 Jun 2021

NAV	Application	Redemption
AUD $1.0363	AUD $1.0367	AUD $1.0359

NAV	AUD $1.0363
Application	AUD $1.0367
Redemption	AUD $1.0359

Most Recent NAV / NAV History

Fund Performance

Fund Inception Date: 31 Mar 1998

Performance

Month End

as of 31 May 2021

	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 May 2021	0.25%	1.59%	-1.21%	4.17%	3.35%	5.64%
Fund (Net)	31 May 2021	0.23%	1.55%	-1.37%	4.01%	3.18%	5.44%
Benchmark	31 May 2021	0.27%	1.64%	-1.21%	4.14%	3.32%	5.58%
Difference (Gross)	31 May 2021	-0.02%	-0.04%	0.00%	0.03%	0.03%	0.06%
Difference (Net)	31 May 2021	-0.03%	-0.08%	-0.16%	-0.14%	-0.13%	-0.13%

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 reflect capital gains or losses and income. 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

Sector Allocationas of 31 May 2021

Name	Fund	Benchmark
Commonwealth Government	55.70%	56.35%
Semi Government	27.08%	27.14%
Supranational	4.61%	4.64%
Government Related	4.48%	4.75%
Corp-Industries	3.70%	2.78%
Corp-Finance	2.22%	3.09%
Other	1.72%	0.51%
Corp-Util	0.48%	0.75%

Credit Quality Allocationas of 31 May 2021

Credit Quality	Fund	Benchmark
Aaa	65.34%	65.78%
Aa	28.88%	28.44%
A	3.24%	3.06%
Baa	2.54%	2.71%

Maturity Allocationas of 31 May 2021

Maturity	Fund	Benchmark
0 - 1 Year	4.45%	3.76%
1 - 3 Years	18.13%	18.40%
3 - 5 Years	18.44%	19.00%
5 - 7 Years	19.24%	17.80%
7 - 10 Years	21.37%	22.37%
10 - 20 Years	15.78%	16.15%
> 20 Years	2.58%	2.51%

Allocations are as of the date indicated, are subject to change, and should not be relied upon as current thereafter. 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.

Source: State Street Global Advisors

Fund Documents

Forms

Information & Schedules

Global Holiday Schedule

Fund Footnote

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. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss. 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.

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.

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This website is intended for persons resident in Australia. State Street Global Advisors, Australia Services Limited ABN 16 108 671 441, AFSL Number 274900 ("SSGA, ASL") is the product issuer. State Street Global Advisors, Australia, Limited (AFSL Number 238276, ABN 42 003 914 225) (“SSGA Australia”) is the Investment Manager. The material on this website is general information only and does not take into account your individual objectives, financial situation or needs. You should read and consider the Product Disclosure Statement (PDS) for the relevant product carefully before making an investment decision and consult your financial adviser. You can access our PDS online or by calling us. The offer made in our PDS is available to persons receiving the PDS within Australia and applications from outside Australia will not be accepted. Past performance is not a reliable indicator of future performance. Investing entails risks and there can be no assurance that State Street Global Advisors will achieve profits or avoid incurring losses.

Investing involves risk including the risk of loss of principal. This material should not be considered a solicitation to apply for interests in the Funds and investors should obtain independent financial and other professional advice before making investment decisions. There is no representation or warranty as to the currency or accuracy of, nor liability for, decisions based on such information. Performance quoted represents past performance, which is not a reliable indicator of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.

Images of NYSE Group, Inc. are used with permission of NYSE Group, Inc. Neither NYSE Group, Inc. nor its affiliated companies sponsor, approve of or endorse the contents of this program. Neither NYSE Group, Inc. nor its affiliated companies recommend or make any representation as to possible benefits from any securities or investments.