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        State Street International Equities Index Trust

        Overview Performance Holdings Documents Purchase Information More Insights
        NAV
        AUD $2.1029
        as of 17 Apr 2024
        Management Costs
        0.18% p.a.
        Base Currency
        AUD
        Fund Size
        AUD $781.9 mn
        as of 31 Mar 2024
        Buy/Sell Spread
        0.07%/0.04%

        Quick Links

        Key Features

        • Core Index Exposure - a potential core international equity exposure within a diversified portfolio.
        • 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.

        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

        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

        The Fund invests in listed international equities from the Index and excludes companies, subject to materiality thresholds identified by MSCI, involved in tobacco and controversial weapons.1 In managing the Fund, we will attempt to hold each stock in approximately the same weight as it appears in the Index, while removing excluded securities. 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 or distribution 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 well-diversified portfolio of international equities.

        Fund Information as of 18 Apr 2024

        Benchmark MSCI World ex-Australia Index
        Inception Date 31 Jan 1998
        Management Costs 0.18% p.a.
        Buy/Sell Spread 0.07%/0.04%
        Minimum Initial Investment AUD 25,000
        Pricing Daily
        Distribution Frequency Semi-Annually
        APIR Code SST0013AU
        ARSN Code 089 590 232
        ISIN AU60SST00134

        Fund Pricing as of 17 Apr 2024

        NAV AUD $2.1029
        Application AUD $2.1043
        Redemption AUD $2.1021
        Most Recent NAV / NAV History

        Fund Performance

        • Fund Inception Date: 31 Jan 1998

        as of 31 Mar 2024

        As Of 1 Month 3 Months 1 Year 3 Years (p.a.) 5 Years (p.a.) Since Inception (p.a.)
        31 Jan 1998
        Fund (Gross) 31 Mar 2024 3.03% 14.25% 29.11% 14.75% 14.44% 7.33%
        Fund (Net) 31 Mar 2024 3.02% 14.20% 28.88% 14.54% 14.23% 7.11%
        Benchmark
        MSCI World ex-Australia Index
        		31 Mar 2024 3.02% 14.06% 28.72% 14.43% 14.09% 7.04%
        Difference (Gross) 31 Mar 2024 0.01% 0.19% 0.40% 0.32% 0.35% 0.29%
        Difference (Net) 31 Mar 2024 0.00% 0.14% 0.17% 0.12% 0.14% 0.08%

        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 Holdings as of 31 Mar 2024

        Name Fund Benchmark
        MICROSOFT CORP 4.66% 4.66%
        APPLE INC 4.03% 3.95%
        NVIDIA CORP 3.50% 3.50%
        AMAZON.COM INC 2.63% 2.63%
        META PLATFORMS INC-CLASS A 1.69% 1.69%
        ALPHABET INC-CL A 1.40% 1.40%
        ALPHABET INC-CL C 1.23% 1.23%
        ELI LILLY & CO 0.98% 0.98%
        BROADCOM INC 0.92% 0.92%
        JPMORGAN CHASE & CO 0.90% 0.91%
        Download All Holdings: Monthly

        Sector Allocation as of 31 Mar 2024

        Name Fund Benchmark
        Information Technology 24.15% 24.10%
        Financials 14.96% 14.98%
        Health Care 12.07% 12.04%
        Industrials 11.20% 11.34%
        Consumer Discretionary 10.83% 10.82%
        Communication Services 7.60% 7.54%
        Consumer Staples 6.40% 6.56%
        Energy 4.47% 4.45%
        Materials 3.63% 3.55%
        Utilities 2.49% 2.45%
        Real Estate 2.21% 2.19%

        Country Allocation as of 31 Mar 2024

        Country Fund Benchmark
        United States 72.29% 72.26%
        Japan 6.24% 6.25%
        United Kingdom 3.80% 3.86%
        France 3.15% 3.22%
        Canada 3.07% 3.12%
        Switzerland 2.44% 2.49%
        Germany 2.27% 2.31%
        Netherlands 1.31% 1.35%
        Denmark 0.98% 0.96%
        Italy 0.83% 0.74%
        Other 3.63% 3.44%

        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

        1 The strategy used by the Fund relies on data from MSCI. There is a risk that inaccurate or incomplete data from an external provider will cause the Fund to fail to meet its objectives, either by reducing returns, or by exposure to unintended ESG risks.

        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.

        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 seek professional advice and consider the Product Disclosure Statement (PDS) and target market determination, available at www.ssga.com, before deciding whether to acquire or continue to hold units in the Funds.

        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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