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  5. State Street Passive Balanced Trust - Managed fund profile

State Street Passive Balanced Trust - Managed Fund

Fund Objective
To closely track the monthly rates of return of a composite benchmark with exposure to both equity and fixed income assets.
Fund Strategy
Full replication for equity and listed property, index sampling techniques for fixed income, and a re-balancing strategy. Strategic asset allocation: Australian equities 35%, international equities 25%, Australian listed property 10%, Australian fixed income 15%, global fixed income 10% and cash 5%.

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 3.69% 5.72% 7.64% 13.26% 10.32% 5.17% 6.29% 7.68%
Growth return 3.69% 2.16% 4.01% 8.7% 7.34% 2.42% 3.59% 3.69%
Income return 0% 3.56% 3.63% 4.56% 2.98% 2.75% 2.7% 3.99%
Market index (Morningstar AUS Growth Tgt Alloc NR AUD )
Total return 3.24% 5.71% 7.51% 12.6% 10.03% 4.88% 6.49% 7.51%
As at 31 Jul 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

State Street Passive Balanced Trust
Australian Equities
33.95%
International Equities
25.64%
Cash
4.08%
Property
10.36%
Fixed Interest
25.96%
Alternatives
0%
Average Allocation of Peers
Australian Equities
27.50%
International Equities
32.82%
Cash
6.43%
Property
7.15%
Fixed Interest
21.43%
Alternatives
4.68%

General Information

Fund Details
Type Description
State Street Passive Balanced Trust
State Street Global Advisors (Aus) Ltd
SST0016AU
Multisector Growth
starstarstarstar (as at 31 Jul 2024)
Investment Fund
31 May 1999
$106.19 million (as at 30 Jun 2024)
$1.1713 (as at 27 Aug 2024)
$1.17 (as at 27 Aug 2024)
Open
Offer information
Type Description
MER 0.26% (as at 30 Dec 2023)
Indirect Cost Ratio (ICR) 0.26% (as at 30 Jun 2023)
Performance fee (not included in ICR) Not Available
Minimum initial investment $25,000
Minimum additional investments $10,000.00
Minimum redemption amount

Top 10 holdings (as at 30 Apr 2024)

Holding (as at 30 Apr 2024) Type % of Portfolio
State Street Australian Equities Idx Tr Mutual Fund - Open End 35.37%
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FAQs about the State Street Passive Balanced Trust

The objective of the State Street Passive Balanced Trust managed fund is To closely track the monthly rates of return of a composite benchmark with exposure to both equity and fixed income assets.

The strategy of the State Street Passive Balanced Trust managed fund is Full replication for equity and listed property, index sampling techniques for fixed income, and a re-balancing strategy. Strategic asset allocation: Australian equities 35%, international equities 25%, Australian listed property 10%, Australian fixed income 15%, global fixed income 10% and cash 5%.

The APIR code of the State Street Passive Balanced Trust managed fund is SST0016AU.

State Street Passive Balanced Trust’s total return last month was 3.69%. This was made up of a growth return of 3.69% and an income return of 0%. These returns were calculated as at 31 Jul 2024.

State Street Passive Balanced Trust’s total return for the last three months was 5.72%. This was made up of a growth return of 2.16% and an income return of 3.56%%. These returns were calculated as at 31 Jul 2024.

State Street Passive Balanced Trust’s one-year total return is 13.26%. This was made up of a growth return of 8.7% and an income return of 4.56%. These returns were calculated as at 31 Jul 2024.

State Street Passive Balanced Trust’s one-year total return is 5.17%. This was made up of a growth return of 2.42% and an income return of 2.75%. These returns were calculated as at 31 Jul 2024.

The asset allocation of the State Street Passive Balanced Trust managed fund is :

Australian Equities
33.95%
International Equities
25.64%
Cash
4.08%
Property
10.36%
Fixed Interest
25.96%
Alternatives
0%

The Responsible Entity for the State Street Passive Balanced Trust managed fund is State Street Global Advisors (Aus) Ltd.

The State Street Passive Balanced Trust managed fund belongs to the Multisector Growth sector/asset class.

As at 30 Jun 2024, the size of the State Street Passive Balanced Trust managed fund was $106.19 million.

The State Street Passive Balanced Trust managed fund has an inception date of 31 May 1999.

The current entry price of the State Street Passive Balanced Trust managed fund is $1.1713 per unit and the current exit price is $1.17 per unit (as at 27 Aug 2024).

The current exit price of the State Street Passive Balanced Trust managed fund is $1.17 per unit and the current entry price is $1.1713 per unit (as at 27 Aug 2024).

The minimum initial investment amount for the State Street Passive Balanced Trust managed fund is $25,000. Minimum additional investment is $10000.

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.