SPDR S&P World ex Australia Fund (WXOZ)
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/100957-2023-11-02-02:58.pdf |
FUND MANAGER | State Street Global Advisors Australia |
ASX Code | WXOZ* |
APIR | |
ASSET CLASS | EXCHANGE TRADED FUNDS |
INVESTMENT STYLE | The Investment Manager uses a passive investment strategy, investing in a portfolio of securities designed to reflect the characteristics of the Fund’s Index |
INVESTMENT PROFILE | The Investment Objective of SPDR S&P World Ex Australia Carbon Control Fund is to match the performance of its Index before fees and other costs |
CURRENCY MANAGEMENT | Unhedged |
INCEPTION DATE | 18-03-2013 |
BENCHMARK | S&P Developed ex Australia LargeMidCap AUD Index |
FUND SIZE | S&P Developed ex Australia LargeMidCap AUD Index |
DISTRIBUTION FREQUENCY | Yearly |
NO. OF HOLDINGS | 1000+ |
FEES | 0.18% p.a. |
STRUCTURE |
Benefits
Benefits | Benefits of investing in the SPDR Global ETFsInstant international diversification Access the growth potential of a diversified portfolio of international assets with a single transaction. Fast, flexible trading Buy and sell Units in the Funds on the ASX. Cost-effective global access Index tracking funds generally have lower management costs than actively managed funds — and SPDR global ETFs are designed for maximum cost-effectiveness. Precise asset allocation Use one investment to achieve precisely the level of exposure to international assets your strategy needs. Transparency Check each Funds current market value any time during trading hours, or view their holdings and net asset value online. |
RISK LEVEL | |
INVESTOR SUITABILITY |
Risks
Title | |
Detail |
Key Features
About the FundThe SPDR S&P World ex Australia Fund seeks to closely track, before fees and expenses, the returns of the S&P Developed ex Australia LargeMidCap AUD Index. The S&P Developed Ex-Australia LargeMidCap (AUD) is a float-adjusted, market capitalisation weighted index comprising large- and mid-cap companies, which represent approximately 85% of each relevant market's total available capital. This index is part of the S&P Global Broad Market Index (BMI) Series.
Investment strategyThe Investment Manager uses a passive investment strategy, investing in a portfolio of securities designed to reflect the characteristics of each Fund's Index. Those securities can include:
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Mandate
How we invest your moneyThe S&P Developed ex Australia LargeMidCap AUD Index (the Unhedged Index) and the S&P Developed ex Australia LargeMidCap AUD Hedged Index (the Hedged Index) are provided by S&P (within the S&P Global Broad Market Index (BMI) Series). The underlying securities for the Hedged Index are identical to the underlying securities for the Unhedged Index (including weightings). The only difference between the two indices is that the Hedged Index includes a foreign currency hedging overlay, while the Unhedged Index does not include any foreign currency hedging. The Unhedged Index measures the performance of a portfolio of listed equity securities domiciled in certain developed countries defined by S&P, excluding Australia. The Index is denominated in Australian Dollars. The Index is a broad, float-adjusted, market capitalisation weighted index that is comprised of large-capitalisation and mid-capitalisation companies which represent approximately 85% of each relevant market's total available securities. For a security to be eligible for inclusion in the Index:
The Hedged Index measures the performance of the same securities as the Unhedged Index (with the same weightings) with foreign currency exposures hedged to reduce the impact of foreign currency fluctuations between the currency in which each Index constituent is denominated, and the Australian dollar. The description above in relation to the Unhedged Index also applies to the Hedged Index. The currency hedging is implemented by hedging beginning-of-period foreign exchange balances using rolling one-month forward currency contracts. Optimization strategyThe SPDR Global Real Estate and SPDR Global Dividend Funds generally invest in each Fund's Index constituents in the same proportion as their relative weighting in the Index. But the SPDR World, SPDR World (Hedged) and SPDR Emerging Markets Funds use an optimization strategy to track the performance of their Index without holding all of the Index constituents. Optimization is often used for funds tracking an index too broad for an Investment Manager to efficiently purchase all of the index's securities. Under the optimization strategy, the Investment Manager:
When a Fund uses the optimization strategy, its exposure to individual securities may be above or below that security's actual weighting in the Fund's Index. If the size of a Fund increases or decreases significantly, the Investment Manager expects liquidity to be an increasingly important factor in deciding on the most efficient sample for that Fund. |