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AUD $1.3885
as of 05 Mar 2021
0.24% p.a.
AUD
AUD $297.7 mn
as of 28 Feb 2021
0.08%/0.05%
Key Features
Investment Objective
The State Street Climate ESG International Equity Fund (“the Fund”) seeks to achieve capital growth and income in line with the MSCI World ex-Australia Index, subject to delivering climate and ESG objectives.
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 allows investors to deploy capital across multiple dimensions of ESG and Climate themes via:
The Fund uses an optimised portfolio construction framework to achieve the most efficient trade-off between climate targets, ESG improvement, tracking error and diversification, while seeking long-term returns broadly in line with the Index.
| Benchmark | Inception Date | Management Costs | Buy/Sell Spread | Minimum Initial Investment |
|---|---|---|---|---|
| MSCI World ex-Australia Index | 30 Jun 2016 | 0.24% p.a. | 0.08%/0.05% | AUD 25,000 |
| Benchmark | MSCI World ex-Australia Index |
| Inception Date | 30 Jun 2016 |
| Management Costs | 0.24% p.a. |
| Buy/Sell Spread | 0.08%/0.05% |
| Minimum Initial Investment | AUD 25,000 |
| Pricing | Distribution Frequency | APIR Code | ARSN Code | ISIN |
|---|---|---|---|---|
| Daily | Semi-Annually | SST0057AU | 611 640 361 | AU60SST00571 |
| Pricing | Daily |
| Distribution Frequency | Semi-Annually |
| APIR Code | SST0057AU |
| ARSN Code | 611 640 361 |
| ISIN | AU60SST00571 |
| NAV | Application | Redemption |
|---|---|---|
| AUD $1.3885 | AUD $1.3896 | AUD $1.3879 |
| NAV | AUD $1.3885 |
| Application | AUD $1.3896 |
| Redemption | AUD $1.3879 |
Fund Performance
as of 28 Feb 2021
| As Of | 1 Month | 3 Months | 1 Year | 3 Years (p.a.) | 5 Years (p.a.) | Since Inception (p.a.) 30 Jun 2016 |
|
|---|---|---|---|---|---|---|---|
| Fund (Gross) | 28 Feb 2021 | 1.26% | 0.48% | 9.39% | 12.36% | - | 13.38% |
| Fund (Net) | 28 Feb 2021 | 1.24% | 0.43% | 9.13% | 12.09% | - | 13.13% |
| Benchmark | 28 Feb 2021 | 1.64% | 0.68% | 8.48% | 11.93% | - | 13.04% |
| Difference (Gross) | 28 Feb 2021 | -0.38% | -0.19% | 0.91% | 0.43% | - | 0.35% |
| Difference (Net) | 28 Feb 2021 | -0.40% | -0.25% | 0.65% | 0.16% | - | 0.09% |
From 29 March 2018 to 29 May 2020, the performance benchmark for the Fund was the MSCI World ex Australia Select ESG Low Carbon Integrated Index. Prior to 28 March 2018, the performance benchmark for the Fund was the MSCI World ex Australia ex Tobacco ex Controversial Weapons Index. 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. 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 |
|---|---|
| APPLE INC | 4.22% |
| MICROSOFT CORP | 3.77% |
| AMAZON.COM INC | 2.82% |
| ALPHABET INC-CL C | 1.42% |
| FACEBOOK INC-CLASS A | 1.28% |
| ALPHABET INC-CL A | 1.20% |
| TESLA INC | 1.15% |
| JPMORGAN CHASE & CO | 1.06% |
| AMERICAN WATER WORKS CO INC | 1.01% |
| VESTAS WIND SYSTEMS A/S | 0.91% |
| Name | Fund | Benchmark |
|---|---|---|
| Information Technology | 23.38% | 22.30% |
| Financials | 13.82% | 13.14% |
| Health Care | 12.32% | 12.58% |
| Consumer Discretionary | 11.91% | 12.13% |
| Industrials | 11.45% | 10.63% |
| Communication Services | 10.20% | 9.35% |
| Consumer Staples | 6.27% | 7.01% |
| Real Estate | 3.31% | 2.56% |
| Materials | 3.00% | 4.20% |
| Utilities | 2.46% | 2.91% |
| Energy | 1.86% | 3.18% |
| Country | Fund | Benchmark |
|---|---|---|
| United States | 66.38% | 67.60% |
| Japan | 8.31% | 7.91% |
| Canada | 4.14% | 3.28% |
| France | 4.11% | 3.47% |
| United Kingdom | 4.09% | 4.48% |
| Germany | 3.17% | 2.92% |
| Switzerland | 2.11% | 2.87% |
| Netherlands | 1.28% | 1.26% |
| Denmark | 1.25% | 0.75% |
| Hong Kong | 1.10% | 1.08% |
| Other | 4.05% | 4.37% |
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
Fund Footnote
1 IPCC (Intergovernmental Panel on Climate Change). 2014. “IPCC Fifth Assessment Report: Climate Change 2014.” https://www.ipcc.ch/report/ar5/.
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 returns on a portfolio of securities which exclude companies that do not meet the portfolio's specified ESG criteria may trail the returns on a portfolio of securities which include such companies. A portfolio's ESG criteria may result in the portfolio investing in industry sectors or securities which underperform the market as a whole.
Responsible-Factor (R-Factor) scoring is designed by State Street to reflect certain ESG characteristics and does not represent investment performance. Results generated out of the scoring model is based on sustainability and corporate governance dimensions of a scored entity.
The MSCI World ex-Australia Index is a trademark of MSCI Inc.
