Press Release

Fee Reductions to Four Australian SPDR ETFs



SYDNEY,  01 February 2022: State Street Global Advisors, the asset management arm of State Street Corporation (NYSE: STT), today announced fee reductions to four of its SPDR ETFs in Australia, effective 14 February 2022.

The changes relate to two international ETFs and two domestic sector ETFs and include cost reductions of between 6 and 14 basis points. 

International ETFs: 

  •  The SPDR® S&P® World ex Australia Carbon Control Fund (WXOZ) annual management fee will reduce by 12 basis points from 0.30 per cent to 0.18 per cent. 
  • The SPDR® S&P® World ex Australia Carbon Control (Hedged) Fund (WXHG) annual management fee will reduce by 14 basis points from 0.35 per cent to 0.21 per cent. 

Domestic Sector ETFs: 

  • The SPDR® S&P®/ASX 200 Financials EX A-REIT Fund (OZF) annual management fee will reduce by 6 basis points from 0.40 per cent to 0.34 per cent. 
  • The SPDR® S&P®/ASX 200 Resources Fund (OZR) annual management fee will reduce by 6 basis points from 0.40 per cent to 0.34 per cent. 

For these four ETFs, investors will pay a management fee between $18 and $34 per annum for every $10,000 invested.

Head of SPDR ETF Asia Pacific Distribution, Meaghan Victor, said the updates formed part of SPDR’s ongoing product review.

“We regularly review our product range to meet investor needs. Part of that is ensuring our locally domiciled ETF offering continues to be competitive, allowing investors to pursue long-term growth,” she said. 

“These fee changes reflect our ongoing commitment to offer clients value without compromising on quality.”

As announced on 1 December 2021, WXOZ and WXHG will today start tracking new indices designed to improve the funds’ environmental, social and governance (ESG) profiles. 

ESG ETFs are increasingly becoming core holdings for many investors; in the 12 months to December 2021 they grew 66 per cent to US $357 billion in assets and 747 funds globally.1

Similarly, in the 12 months to December 2021 Australian-listed domestic sector ETFs grew 28 per cent to AUD $959 million in assets.

“Australian investors in 2022 have more choice than ever before: they can access a growing number of thematics, sectors, geographies, industries and ESG options through more than 230 exchange traded products (ETPs),” Ms Victor said. 

“Understanding the provider’s track record, the total cost of ownership, what’s under the hood and asset stewardship strategy are also key components to consider when choosing an ETF,” she said.

As a pioneer of the ETF market, State Street Global Advisors is known for its global expertise in designing ETFs that offer diversification through one single trade. Since bringing the first ETF to Australia more than 20 years ago, State Street Global Advisors now has 17 ETFs available on the ASX.