State Street International Equities Index Trust

NAV

AUD $1.4529

as of 15 Nov 2019

Management Costs

0.18% p.a.

Base Currency

AUD

Fund Size

AUD $2,030.1 mn

as of 31 Oct 2019

Buy/Sell Spread

0.10%/0.05%


Key Features

Key Features

  • Core Index Exposure - a potential core international equity exposure for investors.
  • Diversification - provides low-cost access to large- and mid-cap stocks across 22 developed market countries.
  • Capture Capital Growth - capture possible stock price growth opportunities.
  • 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 International Equities Index Trust ("the Fund") seeks an investment return that approximates as closely as practicable, before expenses, the performance of the MSCI World ex-Australia Index, 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

    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 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 through a diversified portfolio of international equities.


    Fund Information as of 18 Nov 2019

    Fund Information as of 18 Nov 2019

    Benchmark Inception Date Management Costs Buy/Sell Spread Minimum Initial Investment
    MSCI World ex-Australia Index 31 Jan 1998 0.18% p.a. 0.10%/0.05% AUD 25,000
    Benchmark MSCI World ex-Australia Index
    Inception Date 31 Jan 1998
    Management Costs 0.18% p.a.
    Buy/Sell Spread 0.10%/0.05%
    Minimum Initial Investment AUD 25,000
    Pricing Distribution Frequency APIR Code ARSN Code
    Daily Semi-Annually SST0013AU 089 590 232
    Pricing Daily
    Distribution Frequency Semi-Annually
    APIR Code SST0013AU
    ARSN Code 089 590 232

    Fund Pricing as of 15 Nov 2019

    Fund Pricing as of 15 Nov 2019

    NAV Application Redemption
    AUD $1.4529 AUD $1.4543 AUD $1.4522
    NAV AUD $1.4529
    Application AUD $1.4543
    Redemption AUD $1.4522
    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 0.42% 2.79% 16.24% 16.06% 13.43% 6.06%
    Fund (Net) 31 Oct 2019 0.41% 2.74% 16.03% 15.85% 13.22% 5.84%
    Benchmark 31 Oct 2019 0.41% 2.70% 15.83% 15.71% 13.09% 5.77%
    Difference (Gross) 31 Oct 2019 0.02% 0.09% 0.41% 0.35% 0.33% 0.29%
    Difference (Net) 31 Oct 2019 0.00% 0.04% 0.20% 0.14% 0.13% 0.06%

    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
    APPLE INC 2.81% 2.77%
    MICROSOFT CORP 2.51% 2.53%
    AMAZON.COM INC 1.80% 1.80%
    FACEBOOK INC-CLASS A 1.11% 1.12%
    JPMORGAN CHASE & CO 1.00% 0.98%
    ALPHABET INC-CL C 0.96% 0.96%
    ALPHABET INC-CL A 0.90% 0.91%
    JOHNSON & JOHNSON 0.85% 0.85%
    NESTLE SA-REG 0.78% 0.79%
    PROCTER & GAMBLE CO/THE 0.76% 0.76%
    Download All Holdings: Monthly

    Sector Allocationas of 31 Oct 2019

    Sector Allocationas of 31 Oct 2019
    Name Fund Benchmark
    Information Technology 17.12% 17.07%
    Financials 15.19% 15.17%
    Health Care 12.77% 12.78%
    Industrials 11.28% 11.28%
    Consumer Discretionary 10.62% 10.64%
    Consumer Staples 8.60% 8.63%
    Communication Services 8.58% 8.58%
    Energy 4.94% 4.95%
    Materials 4.12% 4.10%
    Utilities 3.51% 3.53%
    Real Estate 3.27% 3.26%

    Country Allocationas of 31 Oct 2019

    Country Allocationas of 31 Oct 2019
    Country Fund Benchmark
    United States 64.35% 64.33%
    Japan 8.64% 8.60%
    United Kingdom 5.60% 5.60%
    France 3.89% 3.93%
    Canada 3.45% 3.47%
    Switzerland 3.17% 3.20%
    Germany 2.95% 3.02%
    Netherlands 1.36% 1.34%
    Hong Kong 1.21% 1.25%
    Spain 0.99% 0.99%
    Other 4.38% 4.26%

    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 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. 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. 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.