State Street Australian Listed Property Index Trust

NAV

AUD $0.7131

as of 21 Nov 2019

Management Costs

0.16% p.a.

Base Currency

AUD

Fund Size

AUD $194.6 mn

as of 31 Oct 2019

Buy/Sell Spread

0.10%/0.10%


Key Features

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

    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

    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

    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 Nov 2019

    Fund Information as of 21 Nov 2019

    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. 0.10%/0.10% 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 0.10%/0.10%
    Minimum Initial Investment AUD 25,000
    Pricing Distribution Frequency APIR Code ARSN Code
    Daily Semi-Annually SST0007AU 089 590 134
    Pricing Daily
    Distribution Frequency Semi-Annually
    APIR Code SST0007AU
    ARSN Code 089 590 134

    Fund Pricing as of 21 Nov 2019

    Fund Pricing as of 21 Nov 2019

    NAV Application Redemption
    AUD $0.7131 AUD $0.7138 AUD $0.7124
    NAV AUD $0.7131
    Application AUD $0.7138
    Redemption AUD $0.7124
    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 1.25% -0.35% 23.52% 13.31% 12.81% 7.57%
    Fund (Net) 31 Oct 2019 1.23% -0.39% 23.33% 13.13% 12.63% 7.40%
    Benchmark 31 Oct 2019 1.24% -0.36% 23.56% 12.68% 12.40% 7.37%
    Difference (Gross) 31 Oct 2019 0.01% 0.01% -0.04% 0.63% 0.41% 0.20%
    Difference (Net) 31 Oct 2019 -0.01% -0.03% -0.24% 0.45% 0.23% 0.03%

    as of 31 Oct 2019

    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 Oct 2019

    Top Holdingsas of 31 Oct 2019
    Name Fund Benchmark
    GOODMAN GROUP 18.41% 18.42%
    SCENTRE GROUP 16.28% 16.29%
    DEXUS 10.35% 10.36%
    MIRVAC GROUP 10.14% 10.15%
    STOCKLAND 9.50% 9.51%
    GPT GROUP 9.14% 9.16%
    VICINITY CENTRES 6.85% 6.85%
    CHARTER HALL GROUP 4.19% 4.18%
    UNIBAIL-RODAMCO-WESTFIEL/CDI 2.71% 2.68%
    CROMWELL PROPERTY GROUP 2.01% 1.99%
    Download All Holdings: Monthly

    Sector Allocationas of 31 Oct 2019

    Sector Allocationas of 31 Oct 2019
    Name Fund Benchmark
    Diversified REITs 36.46% 36.48%
    Retail REITs 31.65% 31.64%
    Industrial REITs 18.41% 18.42%
    Office REITs 12.36% 12.35%
    Specialized REITs 1.12% 1.11%

    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

    Fund Documents


    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).