State Street Low Carbon ESG International Equities Index Trust

NAV

AUD $1.3310

as of 12 Nov 2019

Management Costs

0.24% p.a.

Base Currency

AUD

Fund Size

AUD $247.4 mn

as of 31 Oct 2019

Buy/Sell Spread

0.10%/0.05%

ESG Certified

Key Features

Key Features

  • Diversification - low-cost exposure to equities in developed countries.
  • Low Carbon Focus - targeted bias towards companies with a lower carbon footprint.
  • Alignment of Values - provides an investment that can align with investors' values around specific ESG issues.
  • ESG Certified - the Fund is certified by Responsible Investment Association Australasia (RIAA).1
  • 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 Low Carbon ESG 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 Select ESG Low Carbon Integrated Index ("the Index"), with net dividends reinvested.


    About this Benchmark

    About this Benchmark

    The MSCI World ex Australia Select ESG Low Carbon Integrated Index ("the Index") represents a global equities index that seeks to integrate environmental, social and governance (ESG) factors. The Index, relative to the MSCI World ex-Australia Index: excludes securities in accordance with specific ESG criteria; seeks an improvement in the ESG profile; and aims to reduce carbon exposure.


    Investment Strategy

    Investment Strategy

    The Index 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; nuclear weapons; and depleted uranium. Companies with very severe ("Red Flagged") customer, environment, governance, human rights, or labour controversies are also excluded. The Index will also have a bias towards companies with higher environmental, social and governance (ESG) ratings and away from those with high carbon emissions. Further information about the MSCI methodology is available on www.msci.com.

    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 13 Nov 2019

    Fund Information as of 13 Nov 2019

    Benchmark Inception Date Management Costs Buy/Sell Spread Minimum Initial Investment
    MSCI World ex Australia Select ESG Low Carbon Integrated Index 30 Jun 2016 0.24% p.a. 0.10%/0.05% AUD 25,000
    Benchmark MSCI World ex Australia Select ESG Low Carbon Integrated Index
    Inception Date 30 Jun 2016
    Management Costs 0.24% 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 SST0057AU 611 640 361
    Pricing Daily
    Distribution Frequency Semi-Annually
    APIR Code SST0057AU
    ARSN Code 611 640 361

    Fund Pricing as of 12 Nov 2019

    Fund Pricing as of 12 Nov 2019

    NAV Application Redemption
    AUD $1.3310 AUD $1.3321 AUD $1.3305
    NAV AUD $1.3310
    Application AUD $1.3321
    Redemption AUD $1.3305
    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 0.70% 3.34% 17.27% 16.34% - 14.81%
    Fund (Net) 31 Oct 2019 0.68% 3.27% 16.99% 16.08% - 14.56%
    Benchmark 31 Oct 2019 0.68% 3.28% 17.01% 16.12% - 14.61%
    Difference (Gross) 31 Oct 2019 0.02% 0.05% 0.26% 0.23% - 0.20%
    Difference (Net) 31 Oct 2019 0.00% -0.01% -0.02% -0.04% - -0.05%

    as of 31 Oct 2019

    Prior to 28 March 2018 the performance benchmark for the Fund was the MSCI World ex Australia ex Tobacco ex Controversial Weapons 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 and 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
    APPLE INC 2.85%
    MICROSOFT CORP 2.77%
    AMAZON.COM INC 1.76%
    FACEBOOK INC-CLASS A 1.09%
    ALPHABET INC-CL A 1.00%
    ALPHABET INC-CL C 0.94%
    JPMORGAN CHASE & CO 0.86%
    PROCTER & GAMBLE CO/THE 0.85%
    Visa Inc 0.85%
    JOHNSON & JOHNSON 0.83%
    Download All Holdings: Monthly

    Sector Allocationas of 31 Oct 2019

    Sector Allocationas of 31 Oct 2019
    Name Fund
    Information Technology 18.03%
    Financials 15.89%
    Health Care 12.10%
    Industrials 11.56%
    Consumer Discretionary 9.51%
    Consumer Staples 8.84%
    Communication Services 8.53%
    Energy 4.38%
    Materials 4.31%
    Utilities 3.44%
    Real Estate 3.40%

    Country Allocationas of 31 Oct 2019

    Country Allocationas of 31 Oct 2019
    Country Fund
    United States 62.28%
    Japan 8.21%
    United Kingdom 5.55%
    France 4.15%
    Canada 4.07%
    Switzerland 3.48%
    Germany 2.91%
    Netherlands 1.41%
    Sweden 1.37%
    Spain 1.20%
    Other 5.36%

    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

    1The State Street Low Carbon ESG International Equities Index Trust has been certified by RIAA according to the strict operational and disclosure practices required under the Responsible Investment Certification Program. See www.responsibleinvestment.org for details.

    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 Select ESG Low Carbon Integrated Index is a trademark of MSCI Inc.