Australia
SPDR State Street Global Advisors - SPDR

SPDR® S&P®/ASX Australian Bond Fund

BOND

Fund Objective

The SPDR S&P/ASX Australian Bond Fund seeks to closely track, before fees and expenses, the returns of the S&P/ASX Australian Fixed Interest Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking and lower costs.

Fund Information

As of 1-Mar-2019
Ticker SymbolBOND
BenchmarkS&P/ASX Australian Fixed Interest Index
ISINAU00000BOND4
Intraday NAV   -
Inception Date26-Jul-2012
ASX Quotation Date27-Jul-2012
Management Costs0.24%
Base CurrencyAUD
Countries of RegistrationAustralia
DomicileAustralia
Regulatory StructureRegistered Managed
Investment Scheme
Investment ManagerState Street Global Advisors, Australia, Limited
ABN 42 003 914 225
Responsible EntityState Street Global Advisors, Australia Services Limited
ABN 16 108 671 441
Distribution FrequencyQuarterly

Fund Documents

Fund Performance
Performance shown is annualised total return.

FUND TOTAL RETURN
As of 31-Jan-2019		 INDEX TOTAL RETURN
As of 31-Jan-2019
1 Month0.66%0.68%
3 Month2.52%2.57%
YTD0.66%0.68%
1 Year5.44%5.73%
3 Year3.27%3.56%
5 Year4.48%4.78%
Inception
26-Jul-2012		3.94%4.25%
Performance Disclosure

Performance quoted represents past performance, which is no guarantee of future results. Performance returns for periods of less than one year are not annualised and have been calculated based on changes in the net asset value of the Fund rather than the last quoted price. Total returns reflect combined capital growth and distribution performance assuming all distributions are reinvested; and are shown net of fees. Distributions are assumed to be reinvested under the Dividend Reinvestment Program (DRP). Fund returns do not reflect the brokerage fees or the bid/ask spread that investors pay to buy and sell ETF securities on the Australian Securities Exchange. Investment return and principal value will fluctuate, so you may have a gain or loss when units are sold. Current performance may be higher or lower than that quoted. The index returns are unmanaged and do not reflect the deduction of any fees or expenses. The index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.

Fund Net Asset Value

NAV

Market value of an ETF’s total assets, minus liabilities divided by the number of units outstanding.

As of 01-Mar-2019
NAV$26.44
Funds Under Management$29.55 M
Units on Offer1,117,553
Most Recent NAV / NAV History XLS

Fund Characteristics

As of 28-Feb-2019
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds in a portfolio, where maturity is defined as Stated Final for bullet maturity bond and the average time to receipt of all principal payments for amortising instruments, including mortgage pass-throughs, CMOs, amortising asset-backed securities and ARMs.

6.70
Convexity

Convexity

A curvature measure of the sensitivity of a bond’s duration to changes in interest rates.

0.55%
Current Yield

Average Current Yield

The market value weighted average current coupon of the bonds in the portfolio divided by current market price of the bonds in the portfolio.

3.55%
Modified Adjusted Duration

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.

5.74 years
Number of Holdings116
Yield To Maturity

Average Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

2.11%

Index Characteristics

As of 28-Feb-2019
Average Maturity in Years

Average Maturity

The market value-weighted average maturity of the bonds in a portfolio, where maturity is defined as Stated Final for bullet maturity bond and the average time to receipt of all principal payments for amortising instruments, including mortgage pass-throughs, CMOs, amortising asset-backed securities and ARMs.

6.58
Convexity

Convexity

A curvature measure of the sensitivity of a bond’s duration to changes in interest rates.

0.53%
Current Yield

Average Current Yield

The market value weighted average current coupon of the bonds in the portfolio divided by current market price of the bonds in the portfolio.

3.59%
Modified Adjusted Duration

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.

5.65 years
Number of Holdings510
Yield To Maturity

Average Yield to Maturity

The market weighted average rate of return anticipated on the bonds held in a portfolio if they were to be held to their maturity date.

2.12%

Performance Chart

Index Total Return
As of 31-Jan-2019		 Fund Total Return
As of 31-Jan-2019		 Fund Growth Return
As of 31-Jan-2019		 Fund Distribution Return
As of 31-Jan-2019
1 Month0.68%0.66%0.66%0.00%
3 Month2.57%2.52%1.93%0.59%
YTD0.68%0.66%0.66%0.00%
1 Year5.73%5.44%2.68%2.76%
3 Year3.56%3.27%0.27%3.00%
5 Year4.78%4.48%1.19%3.28%
Inception
26-Jul-2012		4.25%3.94%0.76%3.19%
Index Total Return
As of 31-Jan-2019		 Fund Total Return
As of 31-Jan-2019		 Fund Growth Return
As of 31-Jan-2019		 Fund Distribution Return
As of 31-Jan-2019
1 Month0.68%0.66%0.66%0.00%
3 Month2.57%2.52%1.93%0.59%
YTD0.68%0.66%0.66%0.00%
1 Year5.73%5.44%2.68%2.76%
3 Year3.56%3.27%0.27%3.00%
5 Year4.78%4.48%1.19%3.28%
Inception
26-Jul-2012		4.25%3.94%0.76%3.19%
Performance Disclosure

Performance quoted represents past performance, which is no guarantee of future results. Performance returns for periods of less than one year are not annualised and have been calculated based on changes in the net asset value of the Fund rather than the last quoted price. The Total Return is the sum of the Growth (or Price) Return and Distribution Return and is shown net of management fees and costs but does not reflect the brokerage fees or the bid/ask spread that investors pay to buy and sell ETF securities on the Australian Securities Exchange. Distributions are assumed to be reinvested under the Dividend Reinvestment Program (DRP). Investment returns and principal value will fluctuate, so you may have a gain or loss when units are sold. Current performance may be higher or lower than that quoted. The index returns are unmanaged and do not reflect the deduction of any fees or expenses. The index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.

Performance Graphs

Month End as of 31-Jan-2019

Fund Inception Date: 26-Jul-2012

Index Inception Date: 13-Oct-2011

Index History

Growth of $10,000: S&P/ASX Australian Fixed Interest Index

Index Inception Date: 13-Oct-2011

Fund Top Holdings
Subject to change.

As of 28-Feb-2019
Name Weight
AUSTRALIAN GOVERNMENT 4.25 04/21/20263.95%
AUSTRALIAN GOVERNMENT 4.75 04/21/20273.80%
AUSTRALIAN GOVERNMENT 5.75 05/15/20213.52%
AUSTRALIAN GOVERNMENT 3.25 04/21/20253.23%
AUSTRALIAN GOVERNMENT 2.25 05/21/20283.14%
AUSTRALIAN GOVERNMENT 2.75 11/21/20273.05%
AUSTRALIAN GOVERNMENT 3.25 04/21/20293.04%
AUSTRALIAN GOVERNMENT 5.5 04/21/20232.95%
AUSTRALIAN GOVERNMENT 5.75 07/15/20222.95%
AUSTRALIAN GOVERNMENT 2.75 11/21/20282.81%
Download Daily All Holdings As of 28-Feb-2019 XLS

Index Top Holdings

As of 28-Feb-2019
Name Weight
AUSTRALIAN GOVERNMENT 4.25 04/21/20263.96%
AUSTRALIAN GOVERNMENT 4.75 04/21/20273.79%
AUSTRALIAN GOVERNMENT 5.75 05/15/20213.48%
AUSTRALIAN GOVERNMENT 3.25 04/21/20253.19%
AUSTRALIAN GOVERNMENT 2.75 11/21/20273.11%
AUSTRALIAN GOVERNMENT 3.25 04/21/20293.02%
AUSTRALIAN GOVERNMENT 5.75 07/15/20222.98%
AUSTRALIAN GOVERNMENT 2.25 05/21/20282.96%
AUSTRALIAN GOVERNMENT 5.5 04/21/20232.95%
AUSTRALIAN GOVERNMENT 2.75 04/21/20242.90%

Fund Sector Allocation

Sector Allocation

Barclays Index Classification Scheme. "Government" includes Australian treasuries. "Semi-Government" includes domestic and international local authorities. "Government Related" includes issuers with direct and indirect government affiliations (ownership, control, sponsorship etc). "Supranational" includes multi-national organisations/unions. "Corporate" includes all non-government, non-securitised entities.

As of  28-Feb-2019

Index Sector Allocation

Sector Allocation

Barclays Index Classification Scheme. "Government" includes Australian treasuries. "Semi-Government" includes domestic and international local authorities. "Government Related" includes issuers with direct and indirect government affiliations (ownership, control, sponsorship etc). "Supranational" includes multi-national organisations/unions. "Corporate" includes all non-government, non-securitised entities.

As of  28-Feb-2019

Fund Quality Breakdown

Quality Breakdown

Barclays uses the “middle rating” of Moody’s, S&P, and Fitch to determine a security’s index classification. If only two of the agencies rate a security, then the most conservative (lowest) rating will be used. If only one rating agency rates a security, that one rating will be used. Where there are no security level ratings, an issuer rating may be used to determine index classification.  Barclays Index breakdowns are grouped into larger categories.  For example, AAA+ and AAA are listed as Aaa; AA1, AA2, and AA3 are listed as Aa, etc.

As of 28-Feb-2019
Name Weight
Aaa76.22%
Aa17.89%
A4.76%
Baa1.13%

Index Quality Breakdown

Quality Breakdown

Barclays uses the “middle rating” of Moody’s, S&P, and Fitch to determine a security’s index classification. If only two of the agencies rate a security, then the most conservative (lowest) rating will be used. If only one rating agency rates a security, that one rating will be used. Where there are no security level ratings, an issuer rating may be used to determine index classification.  Barclays Index breakdowns are grouped into larger categories.  For example, AAA+ and AAA are listed as Aaa; AA1, AA2, and AA3 are listed as Aa, etc.

As of 28-Feb-2019
Name Weight
Aaa75.70%
Aa18.99%
A3.22%
Baa2.08%

Fund Maturity Ladder

As of 28-Feb-2019
Name Weight
0.00-1.00 Years0.26%
1.01-2.00 Years11.31%
2.01-3.00 Years12.55%
3.01-5.00 Years16.66%
5.01-7.00 Years16.23%
7.01-10.00 Years26.67%
10.01-15.00 Years10.84%
15.01-20.00 Years2.26%
20.01-30.00 Years3.21%

Index Maturity Ladder

As of 28-Feb-2019
Name Weight
0.00-1.00 Years1.45%
1.01-2.00 Years11.72%
2.01-3.00 Years10.69%
3.01-5.00 Years18.60%
5.01-7.00 Years14.93%
7.01-10.00 Years27.25%
10.01-15.00 Years10.17%
15.01-20.00 Years2.24%
20.01-30.00 Years2.96%

Distribution History

As of 31-Dec-2018
Distribution DateDollars Per Unit DistributionFranking CreditsForeign Tax CreditsDistribution YieldFranking %Franking RateDRP Price
31-Dec-20180.150970.000000.000000.58%0.00%0.00%26.13
28-Sep-20180.151330.000000.000000.59%0.00%0.00%25.64
29-Jun-20180.140630.000000.000000.55%0.00%0.00%25.72
29-Mar-20180.242110.000000.000000.94%0.00%0.00%25.61
29-Dec-20170.110450.000000.000000.43%0.00%0.00%25.63
29-Sep-20170.163260.000000.000000.64%0.00%0.00%25.41
30-Jun-20170.192980.000000.000000.75%0.00%0.00%25.61
31-Mar-20170.217560.000000.000000.85%0.00%0.00%25.59
30-Dec-20160.226280.000000.000000.89%0.00%0.00%25.49
30-Sep-20160.218440.000000.000000.83%0.00%0.00%26.43
30-Jun-20160.278650.000000.000001.05%0.00%0.00%26.58
31-Mar-20160.203630.000000.000000.78%0.00%0.00%26.00
31-Dec-20150.199640.000000.000000.77%0.00%0.00%25.79
30-Sep-20150.267340.000000.000001.03%0.00%0.00%25.99
30-Jun-20150.284100.000000.000001.11%0.00%0.00%25.69
31-Mar-20150.328680.000000.000001.24%0.00%0.00%26.55
31-Dec-20140.246030.000000.000000.95%0.00%0.00%26.09
30-Sep-20140.185180.000000.000000.73%0.00%0.00%25.33
30-Jun-20140.181000.000000.000000.72%0.00%0.00%25.24
31-Mar-20140.151020.000000.000000.61%0.00%0.00%24.63
31-Dec-20130.206510.000000.000000.84%0.00%0.00%24.39
Distribution DateDollars Per Unit DistributionFranking CreditsForeign Tax CreditsDistribution YieldFranking %Franking RateDRP Price
31-Dec-20180.150970.000000.000000.58%0.00%0.00%26.13
28-Sep-20180.151330.000000.000000.59%0.00%0.00%25.64
29-Jun-20180.140630.000000.000000.55%0.00%0.00%25.72
29-Mar-20180.242110.000000.000000.94%0.00%0.00%25.61
29-Dec-20170.110450.000000.000000.43%0.00%0.00%25.63
29-Sep-20170.163260.000000.000000.64%0.00%0.00%25.41
30-Jun-20170.192980.000000.000000.75%0.00%0.00%25.61
31-Mar-20170.217560.000000.000000.85%0.00%0.00%25.59
30-Dec-20160.226280.000000.000000.89%0.00%0.00%25.49
30-Sep-20160.218440.000000.000000.83%0.00%0.00%26.43
30-Jun-20160.278650.000000.000001.05%0.00%0.00%26.58
31-Mar-20160.203630.000000.000000.78%0.00%0.00%26.00
31-Dec-20150.199640.000000.000000.77%0.00%0.00%25.79
30-Sep-20150.267340.000000.000001.03%0.00%0.00%25.99
30-Jun-20150.284100.000000.000001.11%0.00%0.00%25.69
31-Mar-20150.328680.000000.000001.24%0.00%0.00%26.55
31-Dec-20140.246030.000000.000000.95%0.00%0.00%26.09
30-Sep-20140.185180.000000.000000.73%0.00%0.00%25.33
30-Jun-20140.181000.000000.000000.72%0.00%0.00%25.24
31-Mar-20140.151020.000000.000000.61%0.00%0.00%24.63
31-Dec-20130.206510.000000.000000.84%0.00%0.00%24.39

The tables above show historical distributions from the funds. Historical distributions are no indication of future distributable income.

All SPDR ETFs, aside from the SPDR® S&P 500® ETF Trust and the SPDR® S&P®/ASX 200 Listed Property Fund are managed on an accumulation basis, with income reinvested into investable securities. This means that subsequent application and redemption activity could distort the nature and size of distributions. The proportion of total return attributable to income versus capital growth may differ from the relevant index.

The distribution yield for any given period has been calculated as the total cash distribution paid (excluding franking and tax credits) divided by the Net Asset Value on ex-date.

The distribution components are as calculated and reported to the Australian Securities Exchange ("ASX") at the time of each distribution. The year end components reported to investors in their annual tax statements, once all year end information is finalised, may be different.

The ability of the Funds to pay distributions depends on, among other things, the dividends and distributions declared and paid by the companies whose securities are held by the Funds. There can be no assurance that such securities will pay dividends or other earnings. For further information on distributions, including tax implications, please refer to the relevant fund PDS. However, the information contained therein is not tax advice and investors should obtain their own professional tax and or financial advice.

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Fund Documents

Related Items

Purchase Information

SPDR ETFs are flexible and easy to trade. Investors buy and sell them like shares, typically through a stock broker. Investors can also employ traditional share trading techniques, including stop orders, limit orders and margin purchases (if available).

To purchase a SPDR fund, please consult your stock broker or financial advisor.

Definition

S&P/ASX Australian Fixed Interest Index

The S&P/ASX Australian Fixed Interest Index measures the performance of the Australian fixed rate bond market. 
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