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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 Multi-Asset Builder Fund

NAV

AUD $1.1386

as of 22 Jan 2020

Management Costs

0.58% p.a.

Base Currency

AUD

Fund Size

AUD $81.4 mn

as of 31 Dec 2019

Buy/Sell Spread

0.10%/0.10%

Quick Links

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 25 Jan 2020

    Fund Information as of 25 Jan 2020
    Benchmark Inception Date Management Costs Buy/Sell Spread Minimum Initial Investment
    CPI + 5.0% p.a. 31 Jan 2014 0.58% p.a. 0.10%/0.10% AUD 25,000
    Benchmark CPI + 5.0% p.a.
    Inception Date 31 Jan 2014
    Management Costs 0.58% p.a.
    Buy/Sell Spread 0.10%/0.10%
    Minimum Initial Investment AUD 25,000
    Pricing Distribution Frequency APIR Code ARSN Code
    Daily Semi-Annually SST0052AU 164 842 577
    Pricing Daily
    Distribution Frequency Semi-Annually
    APIR Code SST0052AU
    ARSN Code 164 842 577

    Fund Pricing as of 22 Jan 2020

    Fund Pricing as of 22 Jan 2020
    NAV Application Redemption
    AUD $1.1386 AUD $1.1397 AUD $1.1375
    NAV AUD $1.1386
    Application AUD $1.1397
    Redemption AUD $1.1375
    Most Recent NAV / NAV History

    Fund Performance
    View as

    Fund Performance

    • Fund Inception Date: 31 Jan 2014
    Performance
    Month End
    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 Dec 2019 -0.55% 0.86% 12.67% 5.96% 5.17% 6.08%
    Fund (Net) 31 Dec 2019 -0.60% 0.71% 12.01% 5.23% 4.42% 5.32%
    Benchmark 31 Dec 2019 0.53% 1.61% 6.58% 6.75% 6.81% 6.89%
    Difference (Gross) 31 Dec 2019 -1.09% -0.75% 6.10% -0.79% -1.64% -0.81%
    Difference (Net) 31 Dec 2019 -1.13% -0.90% 5.43% -1.53% -2.39% -1.57%

    as of 31 Dec 2019

    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 Nov 2019

    Asset Fund
    International Equity 34.78%
    Australian Equity 32.88%
    Fixed Income 10.04%
    Cash 9.46%
    Alternatives 12.84%
    Listed Property 0.00%

    Asset Allocation End of Month as of 31 Dec 2019

    Asset Fund
    International Equity 37.85%
    Australian Equity 35.27%
    Fixed Income 5.98%
    Cash 6.07%
    Alternatives 14.83%
    Listed Property 0.00%

    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 Documents

    Fund Documents

    Information & Schedules

    Information & Schedules

    Insights & Investment Ideas

    Insights & Investment Ideas

    Forms

    Forms

    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.

    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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