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        State Street Gold Fund

        Overview Performance Holdings Documents Purchase Information More Insights
        NAV
        AUD $1.0445
        as of 22 Aug 2024
        Management Costs
        0.14% p.a.
        Base Currency
        AUD
        Fund Size
        AUD $49.0 mn
        as of 31 Jul 2024
        Buy/Sell Spread
        0.06%/0.06%

        Quick Links

        Key Features

        • Low Fees - provides a liquid and cost-effective means of gaining exposure to the gold market.
        • Convenient Access - invest without needing to take delivery and store physical gold bullion.
        • Transparency - a 24-hour global over-the-counter market exists for gold bullion, which provides daily market data.
        • Allocated Gold - underlying gold holdings are backed by allocated physical gold, stored in secure vaults in London, New York and Zurich.
        • Diversification – offers potential diversification benefits within a multi-asset portfolio.

        Investment Objective

        The State Street Gold Fund (“the Fund”) seeks to provide investors with the performance of the spot price of gold in Australian Dollars before management costs.

        About this Benchmark

        The LBMA Gold Price PM represents the spot price of gold and is used as an important benchmark throughout the gold market. The London Bullion Market Association (LBMA) helps coordinate gold market activities and acts as a principal point of contact between the market and its regulators. The LBMA Gold Price is determined twice each business day (10:30am and 3:00pm London time).

        Investment Strategy

        The Fund invests in the SPDR® Gold MiniShares® ETF (Gold ETF). The Gold ETF is a US-domiciled exchange traded fund that trades on the NYSE ARCA. Neither the Fund nor the Gold ETF applies currency hedging.

        The securities issued by the Gold ETF are backed by physical gold bullion held in secured vaults.

        Through its investment in the Gold ETF, the Fund provides investors with exposure to allocated physical gold bullion, without having to take physical delivery or arrange storage.

        The Fund is suitable for investors seeking capital growth with a high or very high risk/return profile.

        Fund Information as of 23 Aug 2024

        Benchmark LBMA Gold Price PM (AUD)
        Inception Date 26 Jun 2024
        Management Costs 0.14% p.a.
        Buy/Sell Spread 0.06%/0.06%
        Minimum Initial Investment AUD 25,000
        Pricing Daily
        Distribution Frequency -
        APIR Code SST4481AU
        ARSN Code 677 945 621
        ISIN AU60SST44819

        Fund Pricing as of 22 Aug 2024

        NAV AUD $1.0445
        Application AUD $1.0451
        Redemption AUD $1.0439
        Most Recent NAV / NAV History

        Fund Performance

        • Fund Inception Date: 26 Jun 2024
        • Performance Inception Date: 10 Jul 2024

        as of 31 Jul 2024

        As Of 1 Month 3 Months 1 Year 3 Years (p.a.) 5 Years (p.a.) Since Inception
        10 Jul 2024
        Fund (Gross) 31 Jul 2024 - - - - - 6.05%
        Fund (Net) 31 Jul 2024 - - - - - 6.05%
        Benchmark
        LBMA Gold Price PM (AUD)
        		31 Jul 2024 - - - - - 5.08%
        Difference (Gross) 31 Jul 2024 - - - - - 0.97%
        Difference (Net) 31 Jul 2024 - - - - - 0.97%

        IMPORTANT NOTICE: The Fund has been in existence for less than 1 year, which is not a sufficient time period to give a balanced indication of past performance of the Fund.   As such, the short-term results herein are provided for informational purposes only.

        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 and 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 and losses. 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: SSGA

        Diversification does not ensure a profit or guarantee against loss. Investing in commodities entail significant risk and is not appropriate for all investors. There are risks associated with investing in Real Assets and the Real Assets sector, including real estate, precious metals and natural resources. Investments can be significantly affected by events relating to these industries.

        THE LBMA GOLD PRICE, WHICH IS ADMINISTERED AND PUBLISHED BY ICE BENCHMARK ADMINISTRATION LIMITED (IBA), SERVES AS, OR AS PART OF, AN INPUT OR UNDERLYING REFERENCE FOR THE STATE STREET GOLD FUND.

        LBMA GOLD PRICE IS A TRADE MARK OF PRECIOUS METALS PRICES LIMITED, AND IS LICENSED TO IBA AS THE ADMINISTRATOR OF THE LBMA GOLD PRICE. ICE BENCHMARK ADMINSTRATION IS A TRADE MARK OF IBA AND/OR ITS AFFILIATES. THE LBMA GOLD PRICE PM, AND THE TRADE MARKS LBMA GOLD PRICE AND ICE BENCHMARK ADMINISTRATION, ARE USED BY STATE STREET GLOBAL ADVISORS WITH PERMISSION UNDER LICENCE BY IBA.

        IBA AND ITS AFFILIATES MAKE NO CLAIM, PREDICATION, WARRANTY OR REPRESENTATION WHATSOEVER, EXPRESS OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED FROM ANY USE OF THE LBMA GOLD PRICE, OR THE APPROPRIATENESS OR SUITABILITY OF THE LBMA GOLD PRICE FOR ANY PARTICULAR PURPOSE TO WHICH IT MIGHT BE PUT, INCLUDING WITH RESPECT TO THE STATE STREET GOLD FUND. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ALL IMPLIED TERMS, CONDITIONS AND WARRANTIES, INCLUDING, WITHOUT LIMITATION, AS TO QUALITY, MERCHANTABILITY, FITNESS FOR PURPOSE, TITLE OR NON-INFRINGEMENT, IN RELATION TO THE LBMA GOLD PRICE, ARE HEREBY EXCLUDED AND NONE OF IBA OR ANY OF ITS AFFILIATES WILL BE LIABLE IN CONTRACT OR TORT (INCLUDING NEGLIGENCE), FOR BREACH OF STATUTORY DUTY OR NUISANCE, FOR MISREPRESENTATION, OR UNDER ANTITRUST LAWS OR OTHERWISE, IN RESPECT OF ANY INACCURACIES, ERRORS, OMISSIONS, DELAYS, FAILURES, CESSATIONS OR CHANGES (MATERIAL OR OTHERWISE) IN THE LBMA GOLD PRICE, OR FOR ANY DAMAGE, EXPENSE OR OTHER LOSS (WHETHER DIRECT OR INDIRECT) YOU MAY SUFFER ARISING OUT OF OR IN CONNECTION WITH THE LBMA GOLD PRICE OR ANY RELIANCE YOU MAY PLACE UPON IT.

        Related Insights

        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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