SPDR S&P/ASX 200 Fund (STW)
About this Fund
|FUND MANAGER||State Street Global Advisors Australia|
|ASSET CLASS||EXCHANGE TRADED FUNDS|
The Investment Manager uses a passive investment strategy, investing in a portfolio of securities designed to reflect the characteristics of the Fund’s Index
The Investment Objective of SPDR S&P/ASX 200 Fund is to match the performance of its Index before fees and other costs
|BENCHMARK||S&P/ASX 200 Index|
|FUND SIZE||S&P/ASX 200 Index|
|NO. OF HOLDINGS||Around 200|
Benefits of investing in SPDR Core Equity ETFs
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.
Index tracking funds generally have lower management costs than actively managed funds â€” 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.
Check each Fund's current market value any time during trading hours, or view their holdings and net asset value online.
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.
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.
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:
The Funds will not take part in securities lending.
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:
Derivatives are only used in limited circumstances and are not used to gear a Fund.