State Street Multi-Asset Builder Fund

NAV

AUD $0.9700

as of 12 Aug 2020

Management Costs

0.58% p.a.

Base Currency

AUD

Fund Size

AUD $59.0 mn

as of 31 Jul 2020

Buy/Sell Spread

0.12%/0.12%


Key Features

Key Features

  • Diversification - provides low-cost, diversified access to growth, income and alternative asset classes.
  • Dynamic Exposure - dynamic asset allocation based on market risks and opportunities.
  • Risk Management Focus - the Fund will significantly reduce exposure to equities if we believe the risk level in these markets has become too high.
  • Capture Capital Growth - capture potential growth opportunities.
  • Experienced Multi-Asset Team - managed by our Investment Solutions Group, a team established in 1989.

  • Investment Objective

    Investment Objective

    The State Street Multi-Asset Builder Fund ("the Fund") seeks to achieve:

    • a return before tax and fees of 5.0% per annum above Australian inflation, while
    • limiting negative returns during poor investment environments.

    About this Benchmark

    About this Benchmark

    The Fund does not seek to match or outperform a specific investment benchmark. We will compare the Fund's investment returns to Australian inflation.

    Australian inflation is defined as the Trimmed Mean Consumer Price Index ("CPI"), as published by the Australian Bureau of Statistics.


    Investment Strategy

    Investment Strategy

    The Fund aims to acquire a diverse portfolio of investments selected for characteristics such as income, inflation protection, some capital growth and risk mitigation.

    The Fund is able to invest in growth, income and alternative asset classes through interests in listed and unlisted funds and other equity and debt instruments. The ranges for each asset class are wide in order to give us flexibility to meet the Fund's objectives. We may make significant changes to the investment mix based on our view of market risks or opportunities. In particular, we believe that risk in equity markets changes over time. We will significantly reduce the Fund's exposure to equity markets if we believe the risk levels in those markets have become too high.

    The Fund uses different types of derivatives for currency hedging and equity risk management.

    The Fund is suitable for investors who:

  • Seek capital growth rather than an income return;
  • Are prepared to accept some volatility in investment returns; and
  • Want some protection against equity market risk.

  • Fund Information as of 15 Aug 2020

    Fund Information as of 15 Aug 2020
    Benchmark Inception Date Management Costs Buy/Sell Spread Minimum Initial Investment
    CPI + 5.0% p.a. 31 Jan 2014 0.58% p.a. 0.12%/0.12% AUD 25,000
    Benchmark CPI + 5.0% p.a.
    Inception Date 31 Jan 2014
    Management Costs 0.58% p.a.
    Buy/Sell Spread 0.12%/0.12%
    Minimum Initial Investment AUD 25,000
    Pricing Distribution Frequency APIR Code ARSN Code ISIN
    Daily Semi-Annually SST0052AU 164 842 577 AU60SST00522
    Pricing Daily
    Distribution Frequency Semi-Annually
    APIR Code SST0052AU
    ARSN Code 164 842 577
    ISIN AU60SST00522

    Fund Pricing as of 12 Aug 2020

    Fund Pricing as of 12 Aug 2020
    NAV Application Redemption
    AUD $0.9700 AUD $0.9711 AUD $0.9689
    NAV AUD $0.9700
    Application AUD $0.9711
    Redemption AUD $0.9689
    Most Recent NAV / NAV History

    Fund Performance

    Fund Performance

    • Fund Inception Date: 31 Jan 2014

    as of 31 Jul 2020

    As Of 1 Month 3 Months 1 Year 3 Years (p.a.) 5 Years (p.a.) Since Inception (p.a.)
    31 Jan 2014
    Fund (Gross) 31 Jul 2020 1.09% 0.84% -5.19% 3.99% 3.01% 4.63%
    Fund (Net) 31 Jul 2020 1.04% 0.69% -5.74% 3.30% 2.30% 3.89%
    Benchmark 31 Jul 2020 0.36% 1.10% 6.08% 6.49% 6.59% 6.78%
    Difference (Gross) 31 Jul 2020 0.72% -0.26% -11.27% -2.50% -3.58% -2.14%
    Difference (Net) 31 Jul 2020 0.67% -0.40% -11.82% -3.19% -4.30% -2.88%

    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. Inflation is defined as the Trimmed Mean Consumer Price Index, as published by the Australian Bureau of Statistics. In calculating the monthly CPI figure the latest reading of the quarterly Trimmed Mean is divided by three and this means benchmark returns, which include CPI, may be amended at a later date to reflect new data releases. The calculation method for the value added returns may show rounding differences.

    Source: State Street Global Advisors


    Asset Allocation

    Asset Allocation

    Asset Allocation Start of Month as of 30 Jun 2020

    Asset Fund
    International Equity 5.27%
    Australian Equity 9.02%
    Fixed Income 15.88%
    Cash 47.84%
    Alternatives 21.98%
    Listed Property 0.01%

    Asset Allocation End of Month as of 31 Jul 2020

    Asset Fund
    International Equity 14.02%
    Australian Equity 12.30%
    Fixed Income 15.93%
    Cash 36.84%
    Alternatives 20.90%
    Listed Property 0.01%

    Asset allocation positions include the equity risk mitigation overlay. Allocations are as of the date indicated, are subject to change, and should not be relied upon as current thereafter.

    Source: State Street Global Advisors


    Fund Footnote

    Asset Allocation is a method of diversification which positions assets among major investment categories. Asset Allocation may be used in an effort to manage risk and enhance returns. It does not, however, guarantee a profit or protect against loss. Investments in issuers in different countries are often denominated in different currencies. Changes in the values of those currencies relative to the Portfolio's base currency may have a positive or negative effect on the values of the Portfolio's investments denominated in those currencies. The Portfolio may, but will not necessarily, invest in currency exchange contracts or other currency-related transactions (including derivatives transactions) to reduce exposure to different currencies. These contracts may reduce, take or eliminate some or all of the benefit that the Portfolio may experience from favourable currency fluctuations.