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SPDR S&P/ASX 200 Fund (STW)

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/100966-2024-06-26-02:51.pdf
FUND MANAGER State Street Global Advisors Australia
ASX Code STW*
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/ASX 200 Fund is to match the performance of its Index before fees and other costs

CURRENCY MANAGEMENT Unhedged
INCEPTION DATE 24-08-2001
BENCHMARK S&P/ASX 200 Index
FUND SIZE S&P/ASX 200 Index
DISTRIBUTION FREQUENCY Quarterly
NO. OF HOLDINGS Around 200
FEES 0.05% p.a.
STRUCTURE

Benefits

Benefits

Benefits of investing in SPDR Core Equity ETFs

Instant diversification

Access the growth potential of a diversified portfolio of Australian assets with a single transaction.

Fast, flexible trading

Buy and sell Units in the Funds on the ASX.

Cost-effective access

Index tracking funds generally have lower management costs than actively managed funds — and SPDR Core Equity ETFs are designed for maximum cost-effectiveness.

Precise asset allocation

Use one investment to achieve precisely the level of exposure to Australian assets your strategy needs.

Transparency

Check each Fund's 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 Fund

The SPDR S&P/ASX 200 Fund, seeks to closely match, before fees and expenses, the returns of the S&P/ASX 200 Index.

The S&P/ASX 200 is recognized as the institutional investable benchmark in Australia. Index constituents are drawn from eligible companies listed on the Australian Securities Exchange. The S&P/ASX 200 is designed to measure the performance of the 200 largest index-eligible stocks listed on the ASX by float-adjusted market capitalisation. Representative, liquid, and tradable, it is widely considered Australia's preeminent benchmark index.

The Indices

Further information on each Index, including past performance, is available on the S&P website at www.indices.standardandpoors.com.

All securities in the Indices are assigned a float factor, called an Investable Weight Factor ("IWF). The IWF ranges between 0 and 1 and is an adjustment factor that accounts for the publicly available shares of a company. A company must have a minimum IWF of 0.3 to be eligible for index inclusion. The company's adjusted market capitalization determines an equity security's relative weight in the index.

The total market value of a company is determined by multiplying the price of its stock by the number of shares available after IWF adjustment.

Mandate

How we invest your money

The 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:

  • Index constituents;
  • Derivative contracts, including exchange traded futures contracts and options over Index constituents, used only in limited circumstances.

The Funds will not take part in securities lending.

Using derivatives

Sometimes, the Investment Manager may use derivatives, such as exchange traded futures contracts and options, to ensure a Fund has enough exposure to its Index and Index constituents. For example, the Investment Manager may use derivatives to:

  1. Manage a Fund's exposure to the market during distributions.
  2. Gain exposure when a direct investment in a particular security or market is not possible or practical.

Derivatives are only used in limited circumstances and are not used to gear a Fund.