The State Street Australian Fixed Income Index Trust ("the Fund") seeks an investment return that approximates as closely as practicable, before expenses, the performance of the Bloomberg AusBond Composite Bond Index.
The Bloomberg AusBond Composite Bond Index ("the Index") represents investment grade, fixed-interest bonds issued in the Australian debt market. Underlying sectors include Commonwealth, semi-governments, credit, supranationals and non-Australian governments.
In managing the Fund, our primary investment strategy is index sampling. The goal of the sampling strategy is to mirror the returns and characteristics of the Index. As a result, we purchase a selection of securities from the Index such that the portfolio matches key characteristics of the Index. Key characteristics include duration, yield, sector exposure and credit quality.
The Fund is suitable for investors seeking income from an exposure to the Australian fixed income market.
Benchmark | Bloomberg AusBond Composite Bond Index |
Inception Date | 31 Mar 1998 |
Management Costs | 0.16% p.a. |
Buy/Sell Spread | 0.04%/0.04% |
Minimum Initial Investment | AUD 25,000 |
Pricing | Daily |
Distribution Frequency | Quarterly |
APIR Code | SST0005AU |
ARSN Code | 089 590 643 |
ISIN | AU60SST00050 |
NAV | AUD $0.9588 |
Application | AUD $0.9591 |
Redemption | AUD $0.9585 |
Number of Issues | 151 |
Average Maturity (Years)
The market value weighted average maturity of bonds in the portfolio, where maturity is defined as Stated Final for bullet maturity bonds, and the average time to receipt of all principal payments for amortising instruments. |
5.93 |
Current Yield
Current yield, also called running yield, is calculated by dividing the market value weighted average current coupon of the bonds in the portfolio, by current market price of the bonds in the portfolio. |
3.17% |
Modified Adjusted Duration
An option-adjusted measure of a portfolio's sensitivity to changes in interest rates. Calculated as the percentage change of a portfolio's value for a 100 basis point change in yield. |
5.01 |
Average Coupon
The market value weighted average coupon of bonds in the portfolio. The coupon rate of a bond is the interest rate that the issuer agrees to pay until the maturity date. |
3.00 |
Yield to Maturity
The market weighted average rate of return anticipated on bonds held in the portfolio, if they were held to their maturity date. |
4.43% |
Number of Issues | 828 |
Average Maturity (Years)
The market value weighted average maturity of bonds in the index, where maturity is defined as Stated Final for bullet maturity bonds, and the average time to receipt of all principal payments for amortising instruments. |
5.91 |
Current Yield
Current yield, also called running yield, is calculated by dividing the market value weighted average current coupon of the bonds in the index, by current market price of the bonds in the index. |
3.19% |
Modified Adjusted Duration
An option-adjusted measure of a index's sensitivity to changes in interest rates. Calculated as the percentage change of a index's value for a 100 basis point change in yield. |
5.02 |
Average Coupon
The market value weighted average coupon of bonds in the index. The coupon rate of a bond is the interest rate that the issuer agrees to pay until the maturity date. |
3.01 |
Yield to Maturity
The market weighted average rate of return anticipated on bonds held in the index, if they were held to their maturity date. |
4.43% |
as of 30 Nov 2024
As Of | 1 Month | 3 Months | 1 Year | 3 Years (p.a.) | 5 Years (p.a.) | Since Inception (p.a.) 31 Mar 1998 |
|
---|---|---|---|---|---|---|---|
Fund (Gross) | 30 Nov 2024 | 1.16% | -0.45% | 5.34% | -0.87% | -0.58% | 4.75% |
Fund (Net) | 30 Nov 2024 | 1.15% | -0.49% | 5.17% | -1.03% | -0.74% | 4.57% |
Benchmark
Bloomberg AusBond Composite Bond Index
|
30 Nov 2024 | 1.14% | -0.46% | 5.16% | -0.93% | -0.61% | 4.69% |
Difference (Gross) | 30 Nov 2024 | 0.02% | 0.02% | 0.18% | 0.06% | 0.03% | 0.06% |
Difference (Net) | 30 Nov 2024 | 0.01% | -0.02% | 0.01% | -0.10% | -0.13% | -0.13% |
Past performance is not a reliable indicator of future performance. Performance returns for periods of less than one year are not annualised. The performance figures contained herein reflect Total Returns and are provided on a net and gross of fees basis. Performance figures are calculated using end-of-month exit prices except for the 'Since Inception' return which is calculated using NAV prices for the pre 1 January 2010 period, and end-of-month exit prices thereafter, assume the reinvestment of distributions and make no allowance for tax. Net performance figures are after management and transaction costs. Gross performance figures are before management costs but after transaction costs. Index returns reflect capital gains or losses and income. Index returns are unmanaged and do not reflect the deduction of any fees or expenses. The calculation method for the value added returns may show rounding differences.
Source: State Street Global Advisors
Name | Fund | Benchmark |
---|---|---|
Commonwealth Government | 48.73% | 48.47% |
Semi Government | 32.15% | 32.71% |
Supranational | 4.95% | 4.71% |
Government Related | 3.96% | 4.99% |
Corp-Finance | 3.43% | 4.73% |
Corp-Industries | 3.26% | 2.88% |
Corp-Util | 2.25% | 0.88% |
Other | 1.27% | 0.63% |
Credit Quality | Fund | Benchmark |
---|---|---|
Aaa | 69.85% | 68.75% |
Aa | 23.80% | 25.19% |
A | 3.16% | 3.12% |
Baa | 3.19% | 2.91% |
Other | 0.00% | 0.02% |
Maturity | Fund | Benchmark |
---|---|---|
0 - 1 Year | 11.79% | 9.32% |
1 - 3 Years | 19.21% | 20.62% |
3 - 5 Years | 20.23% | 21.38% |
5 - 7 Years | 16.09% | 16.29% |
7 - 10 Years | 18.83% | 18.71% |
10 - 20 Years | 11.34% | 11.60% |
> 20 Years | 2.51% | 2.09% |
Allocations are as of the date indicated, are subject to change, and should not be relied upon as current thereafter. The holdings are taken from the accounting records of State Street Global Advisors which may differ from the official books and records of the custodian.
Source: State Street Global Advisors
1 The Responsible Entity reserves the right to not pay any distribution.
Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates raise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss. Diversification does not ensure a profit or guarantee against loss. This information should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security.
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