SST0007AU: State Street Australian Listed Property Index Trust

NAV

AUD $0.7297

as of 20 Sep 2021

Management Costs

0.16% p.a.

Base Currency

AUD

Fund Size

AUD $244.8 mn

as of 31 Aug 2021

Buy/Sell Spread

0.08%/0.08%

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Key Features

Diversification - low-cost exposure to Australia's largest listed property trusts that invest across different locations and sub-industries.

Capture Income - capture property income in the form of dividends, with the potential for franking credits.

Inflation Hedge - Real estate assets may help to offset inflation risk.

Rigorous Index Tracking - a rigorous investment approach seeks to closely mirror the performance returns of the benchmark.

Asset Stewardship Impact - active engagement with portfolio companies on issues that promote long-term value creation.

Investment Objective

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

About this Benchmark

The S&P/ASX 200 A-REIT Index ("the Index") represents the largest real estate investment trusts (REITs) in Australia by float adjusted market capitalisation. Underlying REIT sub-industries include Diversified, Industrial, Office, Retail and Specialised.

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 who seek:

moderate long term capital growth; and

a relatively high yield over the long-term.

Fund Information as of 21 Sep 2021

Benchmark	Inception Date	Management Costs	Buy/Sell Spread	Minimum Initial Investment
S&P/ASX 200 A-REIT Index	28 Feb 1998	0.16% p.a.	0.08%/0.08%	AUD 25,000

Benchmark	S&P/ASX 200 A-REIT Index
Inception Date	28 Feb 1998
Management Costs	0.16% p.a.
Buy/Sell Spread	0.08%/0.08%
Minimum Initial Investment	AUD 25,000

Pricing	Distribution Frequency	APIR Code	ARSN Code	ISIN
Daily	Semi-Annually	SST0007AU	089 590 134	AU60SST00076

Pricing	Daily
Distribution Frequency	Semi-Annually
APIR Code	SST0007AU
ARSN Code	089 590 134
ISIN	AU60SST00076

Fund Pricing as of 20 Sep 2021

NAV	Application	Redemption
AUD $0.7297	AUD $0.7302	AUD $0.7292

NAV	AUD $0.7297
Application	AUD $0.7302
Redemption	AUD $0.7292

Most Recent NAV / NAV History

Fund Performance

Fund Inception Date: 28 Feb 1998

Performance

Month End

as of 31 Aug 2021

	As Of	1 Month	3 Months	1 Year	3 Years (p.a.)	5 Years (p.a.)	Since Inception (p.a.) 28 Feb 1998
Fund (Gross)	31 Aug 2021	6.26%	12.43%	30.74%	8.77%	7.03%	7.37%
Fund (Net)	31 Aug 2021	6.24%	12.39%	30.53%	8.60%	6.86%	7.20%
Benchmark	31 Aug 2021	6.26%	12.47%	30.75%	8.72%	6.62%	7.18%
Difference (Gross)	31 Aug 2021	-0.01%	-0.03%	-0.01%	0.05%	0.40%	0.19%
Difference (Net)	31 Aug 2021	-0.02%	-0.08%	-0.22%	-0.13%	0.23%	0.02%

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 and losses, income, and the reinvestment of dividends. 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 Holdingsas of 31 Aug 2021

Name	Fund	Benchmark
GOODMAN GROUP	28.04%	28.04%
SCENTRE GROUP	10.67%	10.67%
MIRVAC GROUP	8.86%	8.86%
DEXUS/AU	8.25%	8.25%
STOCKLAND	7.96%	7.95%
GPT GROUP	6.74%	6.74%
CHARTER HALL GROUP	6.00%	6.00%
VICINITY CENTRES	4.83%	4.83%
SHOPPING CENTRES AUSTRALASIA	2.09%	2.09%
CHARTER HALL LONG WALE REIT	2.09%	2.08%

Download All Holdings: Monthly

Sector Allocationas of 31 Aug 2021

Name	Fund	Benchmark
Diversified REITs	34.98%	34.97%
Industrial REITs	29.39%	29.39%
Retail REITs	22.93%	22.94%
Office REITs	9.51%	9.50%
Specialized REITs	1.82%	1.83%
Residential REITs	1.37%	1.37%

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 allocations 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

Fund Documents

Forms

Information & Schedules

Global Holiday Schedule

Fund Footnote

Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions. Real Estate Investment Trusts (REITS) investing may be subject to risks including, but not limited to, declines in the value of real estate, risks related to general economic conditions, changes in the value of the underlying property owned by the trust and defaults by borrowers. 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 A-REIT 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).