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State Street International Equities Index Trust

AUD $2.1428
as of 16 May 2024
Management Costs
0.18% p.a.
Base Currency
Fund Size
AUD $755.5 mn
as of 30 Apr 2024
Buy/Sell Spread

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 May 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
ARSN Code 089 590 232

Fund Pricing as of 16 May 2024

NAV AUD $2.1428
Application AUD $2.1443
Redemption AUD $2.1420

Fund Performance

  • Fund Inception Date: 31 Jan 1998

as of 30 Apr 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) 30 Apr 2024 -3.24% 5.66% 21.09% 12.29% 12.67% 7.17%
Fund (Net) 30 Apr 2024 -3.25% 5.61% 20.87% 12.09% 12.47% 6.96%
MSCI World ex-Australia Index
30 Apr 2024 -3.26% 5.56% 20.71% 11.99% 12.33% 6.88%
Difference (Gross) 30 Apr 2024 0.02% 0.09% 0.38% 0.30% 0.34% 0.29%
Difference (Net) 30 Apr 2024 0.01% 0.05% 0.16% 0.10% 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 30 Apr 2024

Name Fund Benchmark
MICROSOFT CORP 4.49% 4.49%
APPLE INC 4.17% 4.08%
NVIDIA CORP 3.48% 3.48%
AMAZON.COM INC 2.66% 2.66%
ALPHABET INC-CL A 1.57% 1.57%
ALPHABET INC-CL C 1.39% 1.38%
ELI LILLY & CO 1.03% 1.03%
BROADCOM INC 0.94% 0.94%
JPMORGAN CHASE & CO 0.90% 0.90%
Download All Holdings: Monthly

Sector Allocation as of 30 Apr 2024

Name Fund Benchmark
Information Technology 23.69% 23.63%
Financials 14.97% 14.98%
Health Care 12.07% 12.03%
Industrials 11.28% 11.41%
Consumer Discretionary 10.69% 10.69%
Communication Services 7.70% 7.63%
Consumer Staples 6.54% 6.72%
Energy 4.67% 4.65%
Materials 3.65% 3.57%
Utilities 2.61% 2.57%
Real Estate 2.13% 2.11%

Country Allocation as of 30 Apr 2024

Country Fund Benchmark
United States 72.06% 72.00%
Japan 6.15% 6.18%
United Kingdom 4.01% 4.08%
France 3.17% 3.24%
Canada 3.08% 3.13%
Switzerland 2.39% 2.44%
Germany 2.26% 2.30%
Netherlands 1.30% 1.34%
Denmark 1.01% 1.00%
Italy 0.82% 0.74%
Other 3.73% 3.55%

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.