The answers below to our Frequently Asked Questions relate to our Australian domiciled ETFs only. If you have any other questions, please contact the SPDR® ETF team.
ETFs are collection of securities that typically track a specific market index such as the S&P/ASX 50 and S&P/ASX 200 indices. They are similar to a managed fund, or unit trust, but trades like a stock throughout the day. SPDR ETFs are a family of ETFs offered by State Street Global Advisors which trade on the Australian Securities Exchange (ASX). They are priced continually and can be bought and sold throughout the trading day. SPDR ETFs are designed to be attractive to individual and institutional investors alike, because they provide liquid, cost-efficient exposure to a broad range of assets.
Units in SPDR ETFs can be bought and sold on the ASX though a stockbroker like other listed securities.
The total annual operating fees and expenses for SFY and STW are currently capped at 0.286% pa. of the Net Asset Value of the fund, calculated and accrued on a daily basis. The total annual operating fees and expenses for SYI are currently capped at 0.35% pa. of the Net Asset Value of the fund, calculated and accrued on a daily basis. The total annual operating fees and expenses for OZF, OZR and SLF are currently capped at 0.40% pa. of the Net Asset Value of the fund, calculated and accrued on a daily basis. The total annual operating fees and expenses for SSO are currently capped at 0.50% pa. of the Net Asset Value of the fund, calculated and accrued on a daily basis. The cap excludes transactional fees incurred, such as brokerage and transactional fees charged by custodians and registrars. Transactional fees may therefore be charged in addition to the cap. The cap does not apply to extraordinary fees and expenses or those that were not contemplated at the date of the SPDR Product Disclosure Statement. Investors will also be liable for customary brokerage when buying, selling and redeeming units through a broker.
Transaction fees are also payable for those who use the in-kind application and redemption facility. The SPDR ETF Product Disclosure Statements contains further information on fees and expenses.
SPDR ETFs are designed to be cost-efficient. As an indexed investment, they can have the advantage of being less expensive to operate and therefore typically have lower expense ratios. Expense ratios have become increasingly important to both retail and institutional investors because they can have a significant impact on the portfolio's return and the investor's potential for wealth accumulation.
Estimated Intraday Net Asset Value (EIN) is calculated and provided by ASX. The EIN gives an indication of the underlying fair value of the fund. For example, for SPDR S&P/ASX 200 Fund- ticker STW- use YSTW to see the EIN value during trading hours.
Contact details can be updated via the Investor link on the Link Market Services, the share registry website for SPDR ETFs.
In general terms, unit holders on the register of a fund at the end of a distribution period will be entitled to a pro rata share of the distributable income (if any) for that period, based on the number of units held in the fund. Distributable income includes dividends and distributions received from the fund's investments. The Constitution governing each SPDR ETF fund contains detailed rules on how distributable income and income entitlements are calculated. Distributions are paid after the end of the distribution period. Distribution periods may be varied.
- The SPDR S&P/ASX 200 Financials Ex A-REIT Fund (OZF), SPDR S&P/ASX 200 Resources Fund (OZR), SPDR S&P/ASX 50 Fund (SFY), SPDR S&P/ASX Small Ordinaries Fund (SSO) and SPDR S&P/ASX 200 Fund (STW) have 2 distribution periods annually, ending on 30 June and 31 December each year.
- The SPDR S&P/ASX 200 Listed Property Fund (SLF) and the SPDR MSCI Australia Select High Dividend Yield Fund (SYI) have 4 distributions annually, ending on 31 March, 30 June, 30 September and 31 December each year.
OZF, OZR, SFY, SSO, STW and SYI have in place a distribution reinvestment plan. Reinvestment plan documentation can be downloaded from the fund detail pages on this website.
OZF, OZF, SFY, SSO and STW will distribute all franking credits they receive on a semi-annual basis. SLF and SYI will distribute all franking credits they receive on a quarterly basis.
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