State Street Passive Balanced Trust

Overview Performance Holdings Documents Purchase Information More Insights

NAV

AUD $1.2116

as of 19 Dec 2024

Management Costs

0.26% p.a.

Base Currency

AUD

Fund Size

AUD $143.5 mn

as of 30 Nov 2024

Buy/Sell Spread

0.07%/0.05%

Quick Links

Key Features

Diversification - Multi-asset class exposure to 70% growth/30% defensive assets. ¹

Low Cost Implementation - designed to be low-cost by using index strategies at the underlying asset class level.

Capture Capital Growth and Income - capture potential stock price growth opportunities and a moderate level of income.

Experienced Multi-Asset Team - managed by our Investment Solutions Group, a team established in 1989.

Investment Objective

The State Street Passive Balanced Trust ("the Fund") is managed using an "indexing" investment approach, by which SSGA attempts to match, before expenses, the performance of the Benchmark.

About this Benchmark

The custom benchmark represents a multi-asset class exposure to 70% growth/30% defensive assets. The benchmark is a fixed combination of single asset class indices, rebalanced monthly.

Investment Strategy

We use a number of index strategies in managing the Fund. The asset allocation of the Fund is managed to remain close to its composite benchmark. At the beginning of each month, the Fund is rebalanced to reset the asset allocation back to the static benchmark weights. Exposure to each asset class is obtained by purchasing units in single asset-class indexed funds. Generally, a full replication index strategy is used for the underlying equity funds and a sampling index strategy for the fixed income funds.

Fund Information as of 23 Dec 2024

Benchmark	Custom Benchmark
Inception Date	31 May 1999
Management Costs	0.26% p.a.
Buy/Sell Spread	0.07%/0.05%
Minimum Initial Investment	AUD 25,000
Pricing	Daily
Distribution Frequency	Semi-Annually
APIR Code	SST0016AU
ARSN Code	089 590 189
ISIN	AU60SST00167

Fund Pricing as of 19 Dec 2024

NAV	AUD $1.2116
Application	AUD $1.2124
Redemption	AUD $1.2110

Most Recent NAV / NAV History

Fund Performance

Fund Inception Date: 31 May 1999

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 May 1999
Fund (Gross)	30 Nov 2024	3.00%	4.72%	20.25%	6.61%	6.89%	7.32%
Fund (Net)	30 Nov 2024	2.98%	4.65%	19.94%	6.33%	6.61%	7.02%
Benchmark Custom Benchmark	30 Nov 2024	3.06%	4.74%	20.27%	6.67%	6.84%	7.26%
Difference (Gross)	30 Nov 2024	-0.06%	-0.03%	-0.02%	-0.06%	0.05%	0.06%
Difference (Net)	30 Nov 2024	-0.08%	-0.09%	-0.33%	-0.34%	-0.23%	-0.24%

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 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

Top Holdings

Download All Holdings: Monthly

The holdings are taken from the official books and records of the custodian and may differ from the accounting records of State Street Global Advisors.

Source: State Street Global Advisors

Documents

Fund Documents

Forms

Information & Schedules

¹ Exposure may passively exceed these ranges due to market movement, investor inflows and outflows or for reasons outside of the Responsible Entity's control and, if this occurs, it will be corrected as soon as practicable.

Asset Allocation is a method of diversification which positions assets among major investment categories. Asset Allocation may be used in an effort to manage risk and enhance returns. It does not, however, guarantee a profit or protect against loss. Performance of the asset allocation funds depends on the underlying funds. These funds may be subject to the volatility of global financial markets (domestic and international) and additional risks associated with investing in high-yield, small-cap, and foreign securities. Equity securities may fluctuate in value in response to the activities of individual companies and general market and economic conditions. Investing in foreign domiciled securities may involve risk of capital loss from unfavourable fluctuation in currency values, withholding taxes, from differences in generally accepted accounting principles or from economic or political instability in other nations. Investments in emerging or developing markets may be more volatile and less liquid than investing in developed markets and may involve exposure to economic structures that are generally less diverse and mature and to political systems which have less stability than those of more developed countries. 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.