SPDR MSCI World Quality Mix Fund (QMIX)
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 MSCI World Quality Mix Fund is to provide investment returns (before fees and other costs), that closely correspond to the performance of the Index, assuming all payments from the index constituents are reinvested.
|BENCHMARK||MSCI World Factor Mix A-Series Index|
|FUND SIZE||MSCI World Factor Mix A-Series Index|
|NO. OF HOLDINGS||500+|
Benefits of investing in the SPDR MSCI World Quality Mix Fund
Instant 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 â€” 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.
Check each Funds current market value any time during trading hours, or view their holdings and net asset value online.
About the Fund
The SPDR MSCI World Quality Mix Fund seeks to closely track, before fees and expenses, the returns of the MSCI World Factor Mix A-Series Index.
The MSCI World Factor Mix A-Series (AUD) Index captures large and mid cap representation across 23 Developed Market countries. It aims to represent the performance of quality, value and low volatility factor strategies. The index is an equal weighted combination of the MSCI Value Weighted, MSCI Minimum Volatility and MSCI Quality Indexes in a single composite index.
The Investment Manager employs a passive management strategy designed to track the performance of the Index, before fees and other costs. The Fund generally invests in the securities comprising the Index in proportion to their relative weightings in the Index. However, in a variety of circumstances the holdings of the Fund may not exactly replicate the Index. For example, it may not be possible or practical to do so in some circumstances, such as where investment restrictions apply which would prevent direct investment in a particular security. From time to time the Fund may not hold all of the securities comprising the Index and may hold securities in weightings which differ from the Index.
From time to time, the Investment Manager may cause the Fund to hold derivatives contracts (e.g. futures contracts and options over securities comprising the relevant Index) and other investments that do not form part of the Index. This may occur where the Investment Manager believes that the Fund's investment objective can better be achieved by doing so. For example, derivatives may be used to manage the Fund's exposure to the market during distribution periods, or where direct investment in a particular security is not possible or practical. Derivatives will only be used in limited circumstances and will not be used to gear the Fund.
How we invest your money
The MSCI World Factor Mix A-Series Index is an equally weighted combination of three factor indexes - MSCI World Quality, MSCI World Value Weighted and MSCI World Minimum Volatility ("the Component Indexes). It aims to represent the combined risk/return performance characteristics of quality, value and low volatility factors within global developed equities. Combining these three factor indexes in equal proportions has historically offered a smoother performance ride and greater diversification compared to individual factor indexes.
The Component Indexes score each security within the MSCI World Index according to certain criteria as detailed below:
The Component Indexes have extensive liquidity and investability screening embedded in the construction.
The Index is rebalanced semi-annually, usually after the close of business on the last business day of May and September each year. This coincides with the semi-annual review of the MSCI Global Investable Market Indexes and of each component index.
For more information refer pages 6-8 in the product PDS.