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The website you are accessing is created and maintained by another entity. We make no representation or warranty with respect to the information contained on the site or that it is appropriate in all jurisdictions or countries, or for use by all investors or counterparties. The products and services discussed at this site may not be appropriate for sale or use by all investors or counterparties. By providing this link, we are not providing you with investment advice or offering securities for sale to you. All persons and entities that access this site do so on their own initiative and are responsible for compliance with applicable local laws and regulations.

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The website you are accessing is created and maintained by another entity. We make no representation or warranty with respect to the information contained on the site or that it is appropriate in all jurisdictions or countries, or for use by all investors or counterparties. The products and services discussed at this site may not be appropriate for sale or use by all investors or counterparties. By providing this link, we are not providing you with investment advice or offering securities for sale to you. All persons and entities that access this site do so on their own initiative and are responsible for compliance with applicable local laws and regulations.

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Centralized Systematic Valuation Aggregated Cash Flow (ACF Files)

This information provided is calculated by Bloomberg Finance L.P., a third party not affiliated with SSGA. Neither SSGA nor its affiliates assume any liability for or guarantee the timeliness, accuracy and completeness of the information provided. The information provided is as of the date indicated and is subject to change.

This analysis or any portion thereof may not be revised or changed in any way, reprinted, sold or redistributed without the written consent of SSGA.

This cash flow table and the data contained herein (together, "Content") is provided for informational purposes only, on an "as is" basis. No source of Content, or any of its affiliates (each a "Source"), makes any warranty, express or implied, that the Content is accurate, complete or error-free, and it should not be relied upon as such. No Source guarantees the timeliness, reliability, performance, continued availability, or currency of the Content or any results obtained therefrom. No Source shall be liable for any damages, including without limitation, any special, punitive, indirect, incidental or consequential damages, or any lost profits, arising from the use of or reliance on the Content, even if advised of the possibility of such damages. Nothing in the Content shall constitute or be construed as an offering of financial instruments by any Source, or as investment advice or recommendations by such entities of an investment strategy or whether or not to "buy", "sell" or "hold" an investment.

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State Street Australian Equity Fund

NAV

AUD $1.5459

as of 23 Jan 2020

Management Costs

0.79% p.a.

Base Currency

AUD

Fund Size

AUD $288.0 mn

as of 31 Dec 2019

Buy/Sell Spread

0.25%/0.25%

Quick Links

Key Features

Key Features

  • High Conviction, Benchmark Unaware - rather than building stock positions dictated by the underlying benchmark weight, the fund explores the market's full opportunity set, constructing a high conviction portfolio based on total return and total risk characteristics.
  • Active Stock Selection - our stock selection approach employs three core themes: quality, value and sentiment.
  • Human Led, Research Tested - only our best investment ideas survive the rigorous research of our investment team.
  • Core Active Exposure - a potential core Australian equity exposure for investors.
  • Focus on Reducing Total Volatility - explicit focus on risk management at multiple stages in the investment process aims to reduce the impact of market volatility.
  • Asset Stewardship Impact - active engagement with portfolio companies on issues that promote long-term value creation.

    • Investment Objective

    Investment Objective

    The State Street Australian Equity Fund ("the Fund") aims to outperform the S&P/ASX 300 Index, before management costs, over rolling 5 year periods but with a lower level of variability.

    About this Benchmark

    About this Benchmark

    The S&P/ASX 300 Index ("the Index") represents the 300 largest, publicly listed entities in the Australian equity market by float adjusted market capitalisation. The Index covers large-, mid-, and small-cap stocks.

    Investment Strategy

    Investment Strategy

    The Fund invests in listed Australian securities selected from the Index. We create a portfolio that aims to deliver strong total returns with lower total variability of returns than the market index.

    The strategy looks for high quality companies that are reasonably valued and have an improving growth outlook and positive investor sentiment. Via security selection and portfolio construction, the implemented portfolio is expected to have a lower level of absolute risk (as defined by standard deviation of returns) than the market index, and the potential to provide total returns above the market index over the long term.

    The Fund is suitable for investors who:

  • Seek long term capital growth; and
  • Are prepared to accept some volatility in investment returns.

    • Fund Information as of 27 Jan 2020

    Fund Information as of 27 Jan 2020
    Benchmark Inception Date Management Costs Buy/Sell Spread Minimum Initial Investment
    S&P/ASX 300 Index 30 Sep 2009 0.79% p.a. 0.25%/0.25% AUD 25,000
    Benchmark S&P/ASX 300 Index
    Inception Date 30 Sep 2009
    Management Costs 0.79% p.a.
    Buy/Sell Spread 0.25%/0.25%
    Minimum Initial Investment AUD 25,000
    Pricing Distribution Frequency APIR Code ARSN Code
    Daily Semi-Annually SST0048AU 139 341 978
    Pricing Daily
    Distribution Frequency Semi-Annually
    APIR Code SST0048AU
    ARSN Code 139 341 978

    Fund Pricing as of 23 Jan 2020

    Fund Pricing as of 23 Jan 2020
    NAV Application Redemption
    AUD $1.5459 AUD $1.5497 AUD $1.5421
    NAV AUD $1.5459
    Application AUD $1.5497
    Redemption AUD $1.5421
    Most Recent NAV / NAV History

    Fund Performance
    View as

    Fund Performance

    • Fund Inception Date: 30 Sep 2009
    Performance
    Month End
    As Of 1 Month 3 Months 1 Year 3 Years (p.a.) 5 Years (p.a.) Since Inception (p.a.)
    30 Sep 2009
    Fund (Gross) 31 Dec 2019 -3.11% 1.64% 23.95% 9.47% 9.57% 11.10%
    Fund (Net) 31 Dec 2019 -3.18% 1.44% 22.98% 8.62% 8.71% 9.36%
    Benchmark 31 Dec 2019 -2.02% 0.71% 23.77% 10.34% 9.07% 7.94%
    Difference (Gross) 31 Dec 2019 -1.09% 0.94% 0.18% -0.86% 0.50% 3.16%
    Difference (Net) 31 Dec 2019 -1.15% 0.73% -0.79% -1.72% -0.36% 1.42%

    as of 31 Dec 2019

    Prior to 31 January 2013 the performance benchmark for the Fund was the S&P/ASX All Australian 200 Accumulation Index. Since inception performance and risk is calculated from 30 September 2009. Differences in the gross and net return prior to August 2013 are attributable to fluctuating MERs on the initial SSGA seed money. In August 2013, the MER on the Fund was capped at 79bps p.a. Any net performance numbers stated here or in external materials prior to this date will reflect a larger MER that is not attributable to investors going forward. 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 Dec 2019

    Top Holdingsas of 31 Dec 2019
    Name Fund Benchmark Active Weight
    WESFARMERS LTD 6.66% 2.54% 4.12%
    SONIC HEALTHCARE LTD 6.55% 0.72% 5.83%
    TELSTRA CORP LTD 6.17% 2.31% 3.86%
    WOOLWORTHS GROUP LTD 6.08% 2.63% 3.46%
    COCA-COLA AMATIL LTD 5.53% 0.31% 5.22%
    AURIZON HOLDINGS LTD 5.40% 0.57% 4.82%
    AGL ENERGY LTD 4.90% 0.74% 4.16%
    JB HI-FI LTD 4.07% 0.24% 3.84%
    REGIS RESOURCES LTD 3.87% 0.11% 3.76%
    SHOPPING CENTRES AUSTRALASIA 3.66% 0.14% 3.53%

    Sector Allocationas of 31 Dec 2019

    Sector Allocationas of 31 Dec 2019
    Name Fund Benchmark Active Weight
    Consumer Discretionary 16.18% 6.72% 9.46%
    Healthcare 15.52% 10.36% 5.16%
    Consumer Staples 14.76% 5.74% 9.02%
    Materials 14.15% 18.21% -4.06%
    Real Estate Investment Trusts 13.78% 7.69% 6.09%
    Telecommunications Services 8.67% 3.58% 5.09%
    Industrials 7.89% 8.35% -0.46%
    Utilities 5.87% 1.83% 4.04%
    Energy 1.82% 5.40% -3.59%
    Financials Ex Real Estate Investment Trusts 1.37% 29.38% -28.01%
    Information Technology 0.00% 2.74% -2.74%

    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 sectors 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.

    Source: State Street Global Advisors

    Fund Documents

    Fund Documents

    Related Items

    Information & Schedules

    Information & Schedules

    Insights & Investment Ideas

    Insights & Investment Ideas

    Forms

    Forms

    Fund Footnote

    Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions. Actively managed funds do not seek to replicate the performance of a specified index. The Fund is actively managed and may underperform its benchmarks. An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. Investing in the Fund involves risks, including the risk that investors may receive little or no return on the investment or that investors may lose part or even all of the investment. 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 300 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).

    Questions? Feel free to

    This website is intended for persons resident in Australia. State Street Global Advisors, Australia Services Limited ABN 16 108 671 441, AFSL Number 274900 ("SSGA, ASL") is the product issuer. State Street Global Advisors, Australia, Limited (AFSL Number 238276, ABN 42 003 914 225) (“SSGA Australia”) is the Investment Manager. The material on this website is general information only and does not take into account your individual objectives, financial situation or needs. You should read and consider the Product Disclosure Statement (PDS) for the relevant product carefully before making an investment decision and consult your financial adviser. You can access our PDS online or by calling us. The offer made in our PDS is available to persons receiving the PDS within Australia and applications from outside Australia will not be accepted. Past performance is not a reliable indicator of future performance. Investing entails risks and there can be no assurance that State Street Global Advisors will achieve profits or avoid incurring losses.

    Investing involves risk including the risk of loss of principal. This material should not be considered a solicitation to apply for interests in the Funds and investors should obtain independent financial and other professional advice before making investment decisions. There is no representation or warranty as to the currency or accuracy of, nor liability for, decisions based on such information. Performance quoted represents past performance, which is not a reliable indicator of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.

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