State Street Climate ESG International Equity Fund

Overview Performance Holdings Documents
NAV
AUD $1.8333
as of 07 Apr 2025
Management Costs
0.24% p.a.
Base Currency
AUD
Fund Size
AUD $420.6 mn
as of 31 Mar 2025
Buy/Sell Spread
0.07%/0.04%

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Key Features

  • Climate Risk & Opportunities – Seeks out companies we believe are well positioned for growth based on a range of climate-related metrics. These include carbon emissions, exposure to fossil fuel reserves, revenues derived from “brown” and “green” sectors as well as forward-looking metrics such as Climate Value at Risk, Carbon Risk Rating and Implied Temperature Rise.
  • Improved Sustainability Profile - Seeks increased exposure to companies with strong sustainability ratings relative to peers using our R-Factor™ scoring methodology.
  • Sustainability Screens - Excludes companies with material business activity involvement (subject to certain thresholds) in tobacco, controversial (including nuclear) weapons, thermal coal, oil and gas, alcohol, gambling, civilian firearms and adult entertainment. Excludes companies exhibiting violations of the UN Global Compact principles and those involved in severe ESG controversies.

    Screens are subject to materiality thresholds and as a result, we do not exclude every company that touches these products or issues, or those with less severe violations of the UN Global Compact or less impactful ESG controversies.1

  • Diversified Investment - Provides a low-cost solution offering diversified exposure to global equities. 

Investment Objective

The State Street Climate ESG International Equity Fund (“the Fund”) seeks to achieve capital growth and income in line with the MSCI World ex-Australia Index, subject to delivering climate and ESG objectives.

About this Benchmark

The MSCI World ex-Australia Index ("the Index") represents large- and mid-cap stocks across 22 developed markets countries. The Index is an industry benchmark used by professional investors for global equity portfolios.

Investment Strategy

The Fund invests in listed international securities with the aim of finding the optimal trade-off between climate targets, sustainability improvements, tracking error and diversification, seeking long-term returns broadly in line with the MSCI World ex-Australia Index. 

Fund Information as of 08 Apr 2025

Benchmark MSCI World ex-Australia Index
Inception Date 30 Jun 2016
Management Costs 0.24% p.a.
Buy/Sell Spread 0.07%/0.04%
Minimum Initial Investment AUD 25,000
Pricing Daily
Distribution Frequency Semi-Annually
APIR Code SST0057AU
ARSN Code 611 640 361
ISIN AU60SST00571

Fund Pricing as of 07 Apr 2025

NAV AUD $1.8333
Application AUD $1.8345
Redemption AUD $1.8326
Most Recent NAV / NAV History

Fund Performance

  • Fund Inception Date: 30 Jun 2016

as of 31 Mar 2025

As Of 1 Month 3 Months 1 Year 3 Years (p.a.) 5 Years (p.a.) 7 Years (p.a.) Since Inception (p.a.)
30 Jun 2016
Fund (Gross) 31 Mar 2025 -5.00% -3.14% 11.55% 13.54% 15.15% 13.57% 13.68%
Fund (Net) 31 Mar 2025 -5.02% -3.19% 11.29% 13.26% 14.87% 13.30% 13.42%
Growth 31 Mar 2025 -5.01% -3.19% 7.00% 9.22% 9.58% 7.46% 7.85%
Distribution 31 Mar 2025 0.00% 0.00% 4.29% 4.05% 5.29% 5.84% 5.57%
Benchmark
MSCI World ex-Australia Index

From 29 March 2018 to 29 May 2020, the performance benchmark for the Fund was the MSCI World ex Australia Select ESG Low Carbon Integrated Index. Prior to 28 March 2018 the performance benchmark for the State Street Low Carbon ESG International Equities Index Trust was the MSCI World ex Australia ex Tobacco ex Controversial Weapons Index.

 		31 Mar 2025 -4.67% -2.41% 12.25% 14.64% 15.73% 13.93% 13.93%
Difference (Gross) 31 Mar 2025 -0.32% -0.73% -0.69% -1.11% -0.58% -0.35% -0.25%
Difference (Net) 31 Mar 2025 -0.34% -0.79% -0.96% -1.38% -0.86% -0.62% -0.51%

From 29 March 2018 to 29 May 2020, the performance benchmark for the Fund was the MSCI World ex Australia Select ESG Low Carbon Integrated Index. Prior to 28 March 2018, the performance benchmark for the Fund was the MSCI World ex Australia ex Tobacco ex Controversial Weapons Index. Past performance is not a reliable indicator of future performance. Performance returns for periods of less than one year are not annualised. The Fund return figures contained herein reflect Total Returns and are provided on a net and gross of fees basis. The Total Return is the sum of the Growth (or Price) Return and Distribution Return which is shown net of management fees and costs.

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 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 as of 31 Mar 2025

Name Fund
APPLE INC 5.24%
MICROSOFT CORP 4.13%
NVIDIA CORP 4.07%
AMAZON.COM INC 2.82%
META PLATFORMS INC-CLASS A 1.97%
TESLA INC 1.76%
ALPHABET INC-CL C 1.75%
Visa Inc 1.34%
JPMORGAN CHASE & CO 1.32%
CISCO SYSTEMS INC 1.32%
Download All Holdings: Monthly

Sector Allocation as of 31 Mar 2025

Name Fund Benchmark
Information Technology 25.76% 23.92%
Financials 19.20% 16.95%
Health Care 12.00% 11.16%
Industrials 11.77% 11.14%
Communication Services 9.54% 8.01%
Consumer Discretionary 9.49% 10.23%
Consumer Staples 4.90% 6.51%
Real Estate 3.00% 2.12%
Utilities 1.78% 2.71%
Materials 1.43% 3.12%
Energy 1.13% 4.13%

Country Allocation as of 31 Mar 2025

Country Fund Benchmark
United States 71.43% 73.20%
Japan 5.89% 5.50%
France 3.60% 2.93%
Canada 3.58% 3.15%
Germany 3.08% 2.55%
Switzerland 3.01% 2.53%
United Kingdom 2.32% 3.84%
Netherlands 1.12% 1.12%
Hong Kong 1.07% 0.49%
Denmark 0.84% 0.61%
Other 4.06% 4.08%

Sector reporting based on the Global Industry Classification Standard ("GICS") which was developed by and is the exclusive property and a service mark of MSCI Inc. ("MSCI") and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. ("S&P") and is licensed for use by State Street.

Holdings, sector and country allocations shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future. 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. Excludes cash, cash equivalents and accruals.

Source: State Street Global Advisors

1 The strategy used by the Fund relies on data from numerous external providers. This includes index data, climate data and sustainability data. There is a risk that inaccurate or incomplete data from an external provider will cause the Fund to fail to meet its objectives, either by reducing returns, or by exposure to unintended sustainability or climate risks. Materiality thresholds are outlined in the Fund’s Product Disclosure Statement and accompanying Information Booklet, available at ssga.com.

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. 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.

The returns on a portfolio of securities which exclude companies that do not meet the portfolio's sustainable strategy criteria may trail the returns on a portfolio of securities which include such companies. A portfolio's sustainable strategy criteria may result in the portfolio investing in industry sectors or securities which underperform the market as a whole.

Responsible-Factor (R-Factor) scoring is designed by State Street to reflect certain ESG characteristics and does not represent investment performance. Results generated out of the scoring model is based on sustainability and corporate governance dimensions of a scored entity.

The MSCI World ex-Australia Index is a trademark of MSCI Inc.