State Street Global Advisors is pleased to announce a fee reduction for the State Street Australian Equity Fund and State Street Global Equity Fund (“the Funds”), effective 1 July 2020.
The new Management Costs (“MC”) for the Funds are:
1 July 2020
State Street Australian Equity Fund
State Street Global Equity Fund
The Management Costs for the Fund include the net effect of Goods and Services Tax (GST), which is the applicable rate of GST less any reduced input tax credit available to the Fund. We may increase the fees or expense recovery amounts which comprise the management costs for the Fund or introduce new fees due to reasons such as changing economic conditions and changes in regulation. If we propose to do so, we will give you 30 days’ prior notice. We cannot charge more than the Fund’s constitution allows, and unitholder approval is required to change the constitution in this regard.
Source: State Street Global Advisors
Both funds seek to deliver strong total returns whilst also managing total risk. These objectives are especially relevant in the current uncertain economic environment.
The fee change comes after State Street reduced the fee of the State Street Multi-Asset Builder Fund 12 months ago and highlights the firm’s continuous focus on offering value to investors.
The State Street Active Quantitative Equities Team is led by Olivia Engel and consists of 43 investment professionals located across State Street’s key investment centres. As at 31 March 2020, the team managed USD26.7bn including more than AUD500mn across both of the Funds.
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.
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