State Street Global Index Plus Trust

NAV

AUD $1.0150

as of 14 Jan 2021

Management Costs

0.3% p.a.

Base Currency

AUD

Fund Size

AUD $286.4 mn

as of 31 Dec 2020

Buy/Sell Spread

0.12%/0.06%


Key Features

Key Features

  • Diversification - provides access to large- and mid-cap stocks across 22 developed market countries.
  • Active Stock Selection - our stock selection approach employs three core themes: quality, value, and sentiment.
  • Risk Management Focus - strict risk controls relative to the index, seek to remove unintended biases to style, size and beta.
  • Asset Stewardship Impact - active engagement with portfolio companies on issues that promote long-term value creation.


Investment Objective

Investment Objective

The State Street Global Index Plus Trust ("the Fund") seeks an investment return that modestly exceeds, before expenses, the performance of the MSCI World ex-Australia Index over the long term, with net dividends reinvested.


About this Benchmark

About this Benchmark

The MSCI World ex-Australia Index ("the Index") represents large- and mid-cap stocks across 22 developed markets countries. The Index is an industry benchmark used by professional investors for global equity portfolios.


Investment Strategy

Investment Strategy

Four principles drive our investment process:

1. Investors can take advantage of market inefficiencies through a disciplined application of a systematic, analytical investment process.

2.The Fund uses more than one strategy designed to take advantage of market inefficiencies to help produce more consistent, investment performance over the long term. We rank companies in the index using factors such as quality, valuation and investor sentiment.

3. Risk control is an integral part of our investment process. The Fund maintains overall risk, style, and size characteristics similar to those of the benchmark.

4. Our investment process is based on economic and financial analysis which is continuously updated to adapt over time.

The Fund will exclude companies, subject to materiality thresholds identified by MSCI, with revenue from or business activities involving: tobacco; cluster bombs; landmines; chemical and biological weapons; and depleted uranium weapons. Further information about the MSCI methodology is available on www.msci.com.

The Fund is suitable for investors seeking a low degree of added risk in return for the potential for modest outperformance of the benchmark index.


Fund Information as of 17 Jan 2021

Fund Information as of 17 Jan 2021
Benchmark Inception Date Management Costs Buy/Sell Spread Minimum Initial Investment
MSCI World ex-Australia Index 31 Dec 2000 0.3% p.a. 0.12%/0.06% AUD 25,000
Benchmark MSCI World ex-Australia Index
Inception Date 31 Dec 2000
Management Costs 0.3% p.a.
Buy/Sell Spread 0.12%/0.06%
Minimum Initial Investment AUD 25,000
Pricing Distribution Frequency APIR Code ARSN Code ISIN
Daily Semi-Annually SST0010AU 093 637 122 AU60SST00100
Pricing Daily
Distribution Frequency Semi-Annually
APIR Code SST0010AU
ARSN Code 093 637 122
ISIN AU60SST00100

Fund Pricing as of 14 Jan 2021

Fund Pricing as of 14 Jan 2021
NAV Application Redemption
AUD $1.0150 AUD $1.0162 AUD $1.0144
NAV AUD $1.0150
Application AUD $1.0162
Redemption AUD $1.0144
Most Recent NAV / NAV History

Fund Performance

Fund Performance

  • Fund Inception Date: 31 Dec 2000

as of 31 Dec 2020

As Of 1 Month 3 Months 1 Year 3 Years (p.a.) 5 Years (p.a.) Since Inception (p.a.)
31 Dec 2000
Fund (Gross) 31 Dec 2020 -0.48% 5.15% 3.48% 9.97% 10.50% 4.73%
Fund (Net) 31 Dec 2020 -0.50% 5.07% 3.17% 9.64% 10.17% 4.42%
Benchmark 31 Dec 2020 -0.50% 5.68% 5.73% 11.16% 10.94% 4.24%
Difference (Gross) 31 Dec 2020 0.02% -0.54% -2.25% -1.19% -0.44% 0.49%
Difference (Net) 31 Dec 2020 0.00% -0.62% -2.56% -1.52% -0.77% 0.18%

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 Dec 2020

Top Holdingsas of 31 Dec 2020
Name Fund Benchmark
APPLE INC 4.62% 4.52%
MICROSOFT CORP 3.28% 3.18%
AMAZON.COM INC 2.84% 2.76%
FACEBOOK INC-CLASS A 1.39% 1.31%
ALPHABET INC-CL A 1.10% 1.05%
ALPHABET INC-CL C 1.09% 1.05%
TESLA INC 0.92% 1.05%
JOHNSON & JOHNSON 0.90% 0.82%
JPMORGAN CHASE & CO 0.90% 0.77%
PROCTER & GAMBLE CO/THE 0.81% 0.69%

Sector Allocationas of 31 Dec 2020

Sector Allocationas of 31 Dec 2020
Name Fund Benchmark
Information Technology 22.60% 22.48%
Health Care 13.08% 12.99%
Financials 12.39% 12.33%
Consumer Discretionary 12.21% 12.31%
Industrials 10.64% 10.61%
Communication Services 9.13% 9.04%
Consumer Staples 7.56% 7.65%
Materials 4.25% 4.17%
Utilities 3.05% 3.17%
Energy 2.63% 2.68%
Real Estate 2.46% 2.55%

Country Allocationas of 31 Dec 2020

Country Allocationas of 31 Dec 2020
Country Fund Benchmark
United States 67.67% 67.55%
Japan 7.87% 7.98%
United Kingdom 4.50% 4.42%
France 3.33% 3.49%
Switzerland 3.06% 3.04%
Canada 3.00% 3.18%
Germany 2.78% 2.96%
Netherlands 1.23% 1.21%
Sweden 1.13% 1.06%
Hong Kong 0.89% 1.02%
Other 4.56% 4.09%

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, sector and country 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 Footnote

Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions. Investing in foreign domiciled securities may involve risk of capital loss from unfavourable fluctuation in currency values, withholding taxes, from differences in generally accepted accounting principles or from economic or political instability in other nations. Actively managed funds do not seek to replicate the performance of a specified index. The Fund is actively managed and may underperform its benchmarks. An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. Investing in the Fund involves risks, including the risk that investors may receive little or no return on the investment or that investors may lose part or even all of the investment. 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.

The MSCI World ex-Australia Index is a trademark of MSCI Inc.