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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.
You are leaving SSGA.com
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.
You are leaving SSGA.com
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.
AUD $1.4830
as of 11 Nov 2019
0.79% p.a.
AUD
AUD $280.8 mn
as of 31 Oct 2019
0.25%/0.25%
Key Features
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
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
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:
Fund Information as of 11 Nov 2019
| 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 11 Nov 2019
| NAV | Application | Redemption |
|---|---|---|
| AUD $1.4830 | AUD $1.4867 | AUD $1.4793 |
| NAV | AUD $1.4830 |
| Application | AUD $1.4867 |
| Redemption | AUD $1.4793 |
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 | 0.60% | -0.77% | 19.20% | 11.25% | 9.77% | 11.18% |
| Fund (Net) | 31 Oct 2019 | 0.53% | -0.96% | 18.26% | 10.38% | 8.91% | 9.42% |
| Benchmark | 31 Oct 2019 | -0.38% | -0.78% | 19.50% | 12.54% | 8.56% | 7.96% |
| Difference (Gross) | 31 Oct 2019 | 0.98% | 0.02% | -0.30% | -1.29% | 1.21% | 3.22% |
| Difference (Net) | 31 Oct 2019 | 0.91% | -0.18% | -1.23% | -2.16% | 0.35% | 1.46% |
as of 31 Oct 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
| Name | Fund | Benchmark | Active Weight |
|---|---|---|---|
| AURIZON HOLDINGS LTD | 6.35% | 0.64% | 5.71% |
| SONIC HEALTHCARE LTD | 6.34% | 0.71% | 5.63% |
| TELSTRA CORP LTD | 6.33% | 2.27% | 4.06% |
| WOOLWORTHS GROUP LTD | 6.31% | 2.68% | 3.64% |
| WESFARMERS LTD | 5.90% | 2.46% | 3.43% |
| COCA-COLA AMATIL LTD | 5.29% | 0.28% | 5.01% |
| REGIS RESOURCES LTD | 4.16% | 0.13% | 4.03% |
| SHOPPING CENTRES AUSTRALASIA | 3.85% | 0.13% | 3.72% |
| AMCOR PLC-CDI | 3.81% | 0.78% | 3.03% |
| JB HI-FI LTD | 3.58% | 0.23% | 3.35% |
| Name | Fund | Benchmark | Active Weight |
|---|---|---|---|
| Materials | 19.02% | 17.15% | 1.87% |
| Consumer Staples | 15.05% | 5.84% | 9.21% |
| Healthcare | 14.41% | 9.82% | 4.58% |
| Real Estate Investment Trusts | 13.49% | 8.01% | 5.48% |
| Consumer Discretionary | 11.51% | 6.65% | 4.86% |
| Industrials | 8.84% | 8.35% | 0.49% |
| Telecommunications Services | 8.32% | 3.55% | 4.77% |
| Utilities | 4.58% | 1.88% | 2.70% |
| Financials Ex Real Estate Investment Trusts | 3.64% | 31.07% | -27.43% |
| Energy | 1.14% | 5.11% | -3.97% |
| Information Technology | 0.00% | 2.57% | -2.57% |
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 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).
