SPDR S&P/ASX 200 Fund (STW)
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/100966-2023-11-02-02:58.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 ETFsInstant 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 FundThe 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 IndicesFurther 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 moneyThe 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:
The Funds will not take part in securities lending. Using derivativesSometimes, 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:
Derivatives are only used in limited circumstances and are not used to gear a Fund. |