State Street Australian Equities Index Trust

NAV

AUD $1.3126

as of 13 Nov 2019

Management Costs

0.16% p.a.

Base Currency

AUD

Fund Size

AUD $833.6 mn

as of 31 Oct 2019

Buy/Sell Spread

0.10%/0.10%


Key Features

Key Features

  • Core Index Exposure - a potential core Australian equity exposure for investors.
  • Diversification - provides low-cost access to the 200 largest, and most liquid, publicly listed entities in the Australian equity market.
  • Capture Growth and Income - capture possible stock growth opportunities, dividends and franking credits.
  • 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

    Investment Objective

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


    About this Benchmark

    About this Benchmark

    The S&P/ASX 200 Accumulation Index ("the Index") represents the 200 largest, publicly listed entities in the Australian equity market by float adjusted market capitalisation. The Index is recognised as one of the most systematically important financial benchmarks in Australia.1


    Investment Strategy

    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 seeking capital growth over the long term and returns consistent with the broader Australian equity market.


    Fund Information as of 13 Nov 2019

    Fund Information as of 13 Nov 2019

    Benchmark Inception Date Management Costs Buy/Sell Spread Minimum Initial Investment
    S&P/ASX 200 Accumulation Index 31 Jan 1998 0.16% p.a. 0.10%/0.10% AUD 25,000
    Benchmark S&P/ASX 200 Accumulation Index
    Inception Date 31 Jan 1998
    Management Costs 0.16% p.a.
    Buy/Sell Spread 0.10%/0.10%
    Minimum Initial Investment AUD 25,000
    Pricing Distribution Frequency APIR Code ARSN Code
    Daily Semi-Annually SST0004AU 089 590 312
    Pricing Daily
    Distribution Frequency Semi-Annually
    APIR Code SST0004AU
    ARSN Code 089 590 312

    Fund Pricing as of 13 Nov 2019

    Fund Pricing as of 13 Nov 2019

    NAV Application Redemption
    AUD $1.3126 AUD $1.3139 AUD $1.3113
    NAV AUD $1.3126
    Application AUD $1.3139
    Redemption AUD $1.3113
    Most Recent NAV / NAV History

    Fund Performance
    View as

    Fund Performance

    As Of 1 Month 3 Months 1 Year 3 Years (p.a.) 5 Years (p.a.) Since Inception (p.a.)
    Fund (Gross) 31 Oct 2019 -0.35% -0.89% 19.29% 12.57% 8.48% 8.80%
    Fund (Net) 31 Oct 2019 -0.37% -0.93% 19.10% 12.39% 8.31% 8.64%
    Benchmark 31 Oct 2019 -0.35% -0.91% 19.28% 12.57% 8.47% 8.79%
    Difference (Gross) 31 Oct 2019 0.00% 0.02% 0.00% 0.00% 0.01% 0.00%
    Difference (Net) 31 Oct 2019 -0.01% -0.02% -0.19% -0.18% -0.17% -0.15%

    as of 31 Oct 2019

    Prior to 31 January 2013 the performance benchmark for the Fund was the S&P/ASX All Australian 200 Accumulation Index. 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 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 Oct 2019

    Top Holdingsas of 31 Oct 2019
    Name Fund Benchmark
    COMMONWEALTH BANK OF AUSTRAL 7.78% 7.79%
    CSL LTD 6.52% 6.52%
    BHP GROUP LTD 5.95% 5.96%
    WESTPAC BANKING CORP 5.45% 5.45%
    NATIONAL AUSTRALIA BANK LTD 4.62% 4.64%
    AUST AND NZ BANKING GROUP 4.36% 4.36%
    WOOLWORTHS GROUP LTD 2.76% 2.76%
    WESFARMERS LTD 2.54% 2.54%
    MACQUARIE GROUP LTD 2.44% 2.39%
    TELSTRA CORP LTD 2.34% 2.34%
    Download All Holdings: Monthly

    Sector Allocationas of 31 Oct 2019

    Sector Allocationas of 31 Oct 2019
    Name Fund Benchmark
    Financials Ex Real Estate Investment Trusts 31.64% 31.63%
    Materials 17.10% 17.14%
    Healthcare 9.84% 9.86%
    Industrials 8.46% 8.45%
    Real Estate Investment Trusts 7.72% 7.71%
    Consumer Discretionary 6.50% 6.50%
    Consumer Staples 5.81% 5.82%
    Energy 5.19% 5.15%
    Telecommunications Services 3.56% 3.55%
    Information Technology 2.28% 2.33%
    Utilities 1.88% 1.88%

    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 allocation 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

    Fund Documents


    Fund Footnote

    1 ASIC Corporations (Significant Financial Benchmarks) Instrument 2018/420 under subsection 908AC(2) of the Corporations Act 2001 (Austl.). Retrieved from https://www.legislation.gov.au

    Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions. 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 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).