SPDR S&P/ASX Australian Government Bond Fund

GOVT

Fund Objective

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

Fund Information

As of 23-Jun-2017
Ticker SymbolGOVT
ISINAU00000GOVT2
BenchmarkS&P/ASX Government Bond Index
Intraday NAV   -
Inception Date26-Jul-2012
ASX Quotation Date27-Jul-2012
Management Costs0.22%
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
As of 31-May-2017
INDEX
As of 31-May-2017
1 Month1.28%1.30%
3 Month2.54%2.61%
YTD3.26%3.36%
1 Year1.88%2.12%
3 Year4.90%5.16%
5 YearN/AN/A
Inception
26-Jul-2012
4.02%4.27%
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 23-Jun-2017
NAV$26.00
Funds Under Management$15.71 M
Units on Offer604,072
Most Recent NAV / NAV History XLS

Fund Characteristics

As of 22-Jun-2017
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.

6.94
Convexity

Convexity

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

0.56%
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.

3.79%
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.

5.88 years
Number of Holdings51
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.

2.21%

Index Characteristics

As of 22-Jun-2017
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.

6.94
Convexity

Convexity

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

0.56%
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.

3.80%
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.

5.89 years
Number of Holdings88
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.

2.21%

Performance Chart

FUND
As of 31-May-2017
INDEX
As of 31-May-2017
1 Month1.28%1.30%
3 Month2.54%2.61%
YTD3.26%3.36%
1 Year1.88%2.12%
3 Year4.90%5.16%
5 YearN/AN/A
Inception
26-Jul-2012
4.02%4.27%
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.

Performance Graphs

Month End as of 31-May-2017

Fund Inception Date: 26-Jul-2012

Index Inception Date: 13-Oct-2011

Index History

Growth of $10,000: S&P/ASX Government Bond Index

Index Inception Date: 13-Oct-2011

Fund Top Holdings
Subject to change.

As of 22-Jun-2017
Name Weight
AUSTRALIAN GOVERNMENT 4.25 04/21/20265.76%
AUSTRALIAN GOVERNMENT 4.75 04/21/20275.57%
AUSTRALIAN GOVERNMENT 5.75 05/15/20214.84%
AUSTRALIAN GOVERNMENT 3.25 04/21/20254.72%
AUSTRALIAN GOVERNMENT 4.5 04/15/20204.56%
AUSTRALIAN GOVERNMENT 5.5 04/21/20234.34%
AUSTRALIAN GOVERNMENT 5.75 07/15/20224.14%
AUSTRALIAN GOVERNMENT 2.75 04/21/20243.97%
AUSTRALIAN GOVERNMENT 2.75 10/21/20193.74%
AUSTRALIAN GOVERNMENT 5.25 03/15/20193.49%
Download Daily All Holdings As of 22-Jun-2017 XLS

Index Top Holdings

As of 22-Jun-2017
Name Weight
AUSTRALIAN GOVERNMENT 4.25 04/21/20265.58%
AUSTRALIAN GOVERNMENT 4.75 04/21/20275.14%
AUSTRALIAN GOVERNMENT 5.75 05/15/20215.00%
AUSTRALIAN GOVERNMENT 3.25 04/21/20254.45%
AUSTRALIAN GOVERNMENT 4.5 04/15/20204.41%
AUSTRALIAN GOVERNMENT 5.75 07/15/20224.31%
AUSTRALIAN GOVERNMENT 5.5 04/21/20234.28%
AUSTRALIAN GOVERNMENT 2.75 04/21/20243.94%
AUSTRALIAN GOVERNMENT 2.75 10/21/20193.72%
AUSTRALIAN GOVERNMENT 1.75 11/21/20203.63%

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  22-Jun-2017

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  22-Jun-2017

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 22-Jun-2017
Name Weight
Aaa80.84%
Aa19.16%

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 22-Jun-2017
Name Weight
Aaa81.03%
Aa18.97%

Fund Maturity Ladder

As of 22-Jun-2017
Name Weight
0.00-1.00 Years0.22%
1.01-2.00 Years10.62%
2.01-3.00 Years11.50%
3.01-5.00 Years16.27%
5.01-7.00 Years18.61%
7.01-10.00 Years23.96%
10.01-15.00 Years12.17%
15.01-20.00 Years4.77%
20.01-30.00 Years1.88%

Index Maturity Ladder

As of 22-Jun-2017
Name Weight
0.00-1.00 Years0.08%
1.01-2.00 Years9.64%
2.01-3.00 Years12.96%
3.01-5.00 Years15.59%
5.01-7.00 Years19.17%
7.01-10.00 Years23.83%
10.01-15.00 Years11.73%
15.01-20.00 Years5.23%
20.01-30.00 Years1.76%

Fund Documents

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 Government Bond Index

The S&P/ASX Government Bond Index measures the performance of a sub-set of the Australian fixed rate bond market - the Commonwealth and State Government market.
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Glossary

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