State Street Floating Rate Fund

• Access High-Quality - provides access to high-quality interest bearing floating rate notes, ADI certificate of deposits and overnight cash deposits.
• Capital Preservation and Liquidity - an actively managed approach that aims to preserve capital and maintain liquidity across different market environments.
• Yield Enhancement - potential to deliver a yield above the RBA Cash Rate TRI.
• Income Generation - income is distributed regularly on a monthly basis.¹
• Low Fees - buy/sell spread is 0%/0.03% and management fees are 0.25% p.a.
• ESG Aware – seeks to exclude exposure to companies that are classified as ESG “Laggards” or “Under Performers” on our ‘Responsibility Factor’ (R-Factor™).

The State Street Floating Rate Fund ("the Fund") seeks to outperform the RBA Cash Rate Total Return Index (TRI) by 1.0% to 1.5% over a rolling three-year period before fees.

The RBA Cash Rate TRI represents a risk-free rate of return for Australian investors.

The Fund actively seeks to invest in interest bearing investments of high credit quality, rather than investing in a predetermined basket of securities such as an index. A conservative management approach aims to preserve and protect the Fund, and is reinforced by our dedicated credit research team, one of the largest and most experienced in the industry. Significant credit analysis is undertaken on each issuer and security to determine whether they meet the Fund's investment criteria. 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 income from an exposure to the Australian high quality debt market.