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  5. State Street Global Broad Investment Geared Fixed Income Trust - Managed fund profile

State Street Global Broad Investment Geared Fixed Income Trust - Managed Fund (Closed)

Fund Objective
The Fund seeks an investment return that approximates as closely as practicable, before expenses, the performance of the Barclays Global Aggregate Bond Index 100% hedged to AUD.
Fund Strategy
The Fund predominantly invests in a Luxembourg SICAV in order to gain exposure to international fixed income securities closely matching the Barclays Global Aggregate Bond Index. The Fund also enters into forward foreign exchange currency contracts to manage currency exposure arising from the SICAV investment.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.37% 2.35% 4.05% 4.81% 6.38% 5.21% 6.96% 7.17%
Growth return 0.37% 2.35% 4.05% -1.79% -0.69% -0.89% -0.9% -0.94%
Income return 0% 0% 0% 6.6% 7.07% 6.1% 7.86% 8.11%
Market index (Bloomberg Global Aggregate TR Hdg AUD)
Total return 0.49% 1.25% 1.39% 2.84% 4.39% 2.5% -0.63% 1.95%
As at 30 Apr 2016. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

State Street Global Broad Investment Geared Fixed Income Trust
Cash
0.43%
Fixed Interest
99.57%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%
Average Allocation of Peers
Cash
5.43%
Fixed Interest
92.34%
Australian Equities
0.06%
International Equities
0.01%
Property & Infrastructure
0%
Alternatives
2.17%

General Information

Fund Details
Type Description
State Street Global Broad Investment Geared Fixed Income Trust (Wholesale)
Closed
State Street Global Advisors (Aus) Ltd
SST0020AU
Bonds - Global
starstarstarstar (as at 30 Apr 2016)
Investment Fund
31 Jul 2003
$25.4 million (as at 30 Apr 2016)
$0.9102 (as at 19 May 2016)
$0.9082 (as at 19 May 2016)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 0.30% (as at 30 Jun 2015)
Minimum initial investment $10,000,000

FAQs about the State Street Global Broad Investment Geared Fixed Income Trust

The objective of the State Street Global Broad Investment Geared Fixed Income Trust managed fund is The Fund seeks an investment return that approximates as closely as practicable, before expenses, the performance of the Barclays Global Aggregate Bond Index 100% hedged to AUD.

The strategy of the State Street Global Broad Investment Geared Fixed Income Trust managed fund is The Fund predominantly invests in a Luxembourg SICAV in order to gain exposure to international fixed income securities closely matching the Barclays Global Aggregate Bond Index. The Fund also enters into forward foreign exchange currency contracts to manage currency exposure arising from the SICAV investment.

The APIR code of the State Street Global Broad Investment Geared Fixed Income Trust managed fund is SST0020AU.

State Street Global Broad Investment Geared Fixed Income Trust’s total return last month was 0.37%. This was made up of a growth return of 0.37% and an income return of 0%. These returns were calculated as at 30 Apr 2016.

State Street Global Broad Investment Geared Fixed Income Trust’s total return for the last three months was 2.35%. This was made up of a growth return of 2.35% and an income return of 0%%. These returns were calculated as at 30 Apr 2016.

State Street Global Broad Investment Geared Fixed Income Trust’s one-year total return is 4.81%. This was made up of a growth return of -1.79% and an income return of 6.6%. These returns were calculated as at 30 Apr 2016.

State Street Global Broad Investment Geared Fixed Income Trust’s one-year total return is 5.21%. This was made up of a growth return of -0.89% and an income return of 6.1%. These returns were calculated as at 30 Apr 2016.

The asset allocation of the State Street Global Broad Investment Geared Fixed Income Trust managed fund is :

Cash
0.43%
Fixed Interest
99.57%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the State Street Global Broad Investment Geared Fixed Income Trust managed fund is State Street Global Advisors (Aus) Ltd.

The State Street Global Broad Investment Geared Fixed Income Trust managed fund belongs to the Bonds - Global sector/asset class.

As at 30 Apr 2016, the size of the State Street Global Broad Investment Geared Fixed Income Trust managed fund was $25.4 million.

The State Street Global Broad Investment Geared Fixed Income Trust managed fund has an inception date of 31 Jul 2003.

The current entry price of the State Street Global Broad Investment Geared Fixed Income Trust managed fund is $0.9102 per unit and the current exit price is $0.9082 per unit (as at 19 May 2016).

The current exit price of the State Street Global Broad Investment Geared Fixed Income Trust managed fund is $0.9082 per unit and the current entry price is $0.9102 per unit (as at 19 May 2016).

The minimum initial investment amount for the State Street Global Broad Investment Geared Fixed Income Trust managed fund is $10,000,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.