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        Compliment your Defensive Portfolio

        Market turbulence, inflation and elevated bond yields continue to create uncertainty for Australian investors targeting yield, capital preservation and liquidity. Compliment your defensive portfolio with the State Street Floating Rate Fund.

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        Why Invest

        A floating-rate note (FRN) is a bond where the coupon rate is based on a reference rate plus a spread. FRN’s re-set every 90 days and for this reason they offer investors.

        1
        Attractive Yield vs. Risk

        Historically have delivered income consistency and lower volatility.1

        2
        Capital Preservation

        During significant market events, FRN's have exhibited lower drawdowns and maintained liquidity.1

        3
        Lower Sensitivity to Interest Rate Movements

        Low sensitivity to monetary policy rate changes. The coupon adjusts reflecting current conditions which minimises the impact on the capital value compared to fixed rate bonds.

        Fund Profile

        The State Street Floating Rate Fund

        Investment Objective: The State Street Floating Rate Fund ("the Fund") seeks to outperform the RBA Cash Rate Total Return Index (TRI) by 1.0% to 1.5% over a rolling three-year period before fees.

        • All-In-Yield2 (%): 5.26
        • Discount Margin2(bps): 82.69
        • Option Adjusted Duration2 (years): 0.11
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        Benefits

        Designed for investors seeking income from exposure to the  Australian High quality debt market.

        1

        Yield Enhancement

        Yield Enhancement

        Potential to deliver a yield above the RBA Cash Rate TRI.

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        2

        Income Generation

        Income Generation

        Income is distributed regularly on a monthly basis.3

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        3

        Capital Preservation and Liquidity

        Capital Preservation and Liquidity

        An actively managed approach that aims to preserve capital and maintain liquidity across different market environments.

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        4

        Low Fees

        Low Fees

        Buy/sell spread is 0%/0.03% and management fees are 0.25% p.a.

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        5

        Hedge to Rate Movements

        Hedge to Rate Movements

        A hedge against changes in interest rates, insulating the impact on capital. 

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        6

        ESG Aware

        ESG Aware

        Seeks to exclude exposure to companies that are classified as ESG “Laggards” or “Under Performers” on our ‘Responsibility Factor’ (R-FactorTM).

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        Latest Insights

        Ready to Invest?

        Refer to our step-by-step guide on how to make your investment. 

        Issued by State Street Global Advisors, Australia Services Limited (AFSL Number 274900, ABN 16 108 671 441) ("SSGA, ASL").  Registered office: Level 14, 420 George Street, Sydney, NSW 2000, Australia · Telephone: 612 9240-7600 · Web: www.ssga.com. 

         

        SSGA, ASL is the Responsible Entity and the issuer for the State Street Managed Funds, which are unquoted, and the SPDR® ETFs which are quoted on the AQUA market of the ASX or listed on the ASX. SSGA ASL is the AQUA Product Issuer for the CHESS Depositary Interests (or "CDIs") created over interests in the SPDR® S&P 500® ETF Trust (“SPY”) which were first quoted on the AQUA market of the ASX on 13 Oct 2014. State Street Global Advisors Trust Company (ARBN 619 273 817) is the trustee of, and the issuer of interests in, the SPDR® S&P 500® ETF Trust, an ETF registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940 and principally listed and traded on NYSE Arca, Inc. under the symbol "SPY".

         

        This material is general information only and does not take into account your individual objectives, financial situation or needs and you should consider whether it is appropriate for you. You should seek professional advice and consider the product disclosure statement, available at ssga.com, before deciding whether to acquire or continue to hold the Funds. Target Market Determinations can also be found at ssga.com.  This material should not be considered a solicitation to buy or sell a financial product or security. 

         

        Investing involves risk including the risk of loss of principal. Diversification does not ensure a profit or guarantee against loss.

         

        Risk associated with equity investing includes stock values which may fluctuate in response to the activities of individual companies and general market and economic conditions.

         

        ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF’s net asset value. ETFs typically invest by sampling an index, holding a range of securities that, in the aggregate, approximates the full index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.  

         

        SPDR®, Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC, ASX® is a registered trademark of the ASX Operations Pty Ltd], these trademarks have been licensed for use by S&P Dow Jones Indices LLC and licensed for use for certain purposes by State Street. MSCI indexes are the exclusive property of MSCI Inc.(“MSCI”). MSCI and the MSCI index names are service mark(s) of MSCI or its affiliates and have been licensed for use for certain purposes by State Street.  The products referenced herein are not sponsored, endorsed, sold or promoted by any of these third party entities and none of these entities bear any liability with respect to the products or make any representation, warranty or condition regarding the advisability of buying, selling or holding any products issued by SSGA, ASL.

         

        There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information.

         

        The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA ASL’s express written consent.

         

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