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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 $1.0915
as of 15 Nov 2019
0.58% p.a.
AUD
AUD $89.6 mn
as of 31 Oct 2019
0.10%/0.10%
Key Features
Investment Objective
The State Street Multi-Asset Builder Fund ("the Fund") seeks to achieve:
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
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:
Fund Information as of 19 Nov 2019
| 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 15 Nov 2019
| NAV | Application | Redemption |
|---|---|---|
| AUD $1.0915 | AUD $1.0925 | AUD $1.0905 |
| NAV | AUD $1.0915 |
| Application | AUD $1.0925 |
| Redemption | AUD $1.0905 |
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 | -0.71% | -1.39% | 8.47% | 6.85% | 5.43% | 5.97% |
| Fund (Net) | 31 Oct 2019 | -0.76% | -1.54% | 7.80% | 6.09% | 4.68% | 5.21% |
| Benchmark | 31 Oct 2019 | 0.53% | 1.61% | 6.61% | 6.76% | 6.84% | 6.90% |
| Difference (Gross) | 31 Oct 2019 | -1.24% | -3.00% | 1.87% | 0.08% | -1.40% | -0.92% |
| Difference (Net) | 31 Oct 2019 | -1.29% | -3.15% | 1.19% | -0.67% | -2.16% | -1.69% |
as of 31 Oct 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 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.
