State Street SPDR S&P/ASX 200 ETF Daily Update: NAV, Holdings & Asset Overview for July 2026

Overview of the State Street SPDR S&P/ASX 200 ETF and Its Market Role

The State Street SPDR S&P/ASX 200 ETF is a passively managed exchange-traded fund designed to mirror the S&P/ASX 200 Index, Australia's premier benchmark for large-cap equities. Managed by State Street Global Advisors, Australia Services Limited (AFSL Number 274900, ABN 16 108 671 441), the fund offers investors broad exposure to Australia's 200 largest and most liquid listed companies. Listed on the AQUA market of the ASX, the ETF provides a cost-efficient avenue for investors to access diversified Australian equity market exposure without purchasing individual shares.

The fund replicates the index by holding a basket of shares plus a minor cash component for operational needs. By tracking the index rather than active management, it aims to deliver returns closely aligned with the performance of Australia's largest companies across all economic sectors. This strategy has made it a favored choice among institutional and retail investors seeking broad market exposure.

Composition of the 200-Stock Index Basket as of July 2026

The daily update confirms the fund holds exactly 200 stocks, matching the full S&P/ASX 200 Index composition. The basket covers multiple sectors and includes leading Australian companies. Key financial sector holdings include Commonwealth Bank of Australia (CBA), National Australia Bank Limited (NAB), Westpac Banking Corporation (WBC), and ANZ Group Holdings Limited (ANZ). Significant mining and resources positions include BHP Group Limited (BHP), Rio Tinto Limited (RIO), Fortescue Limited (FMG), and Southern Copper Corporation (S32).

Technology and telecommunications exposure features Telstra Group Limited (TLS), TPG Telecom Limited (TPG), and WiseTech Global Limited (WTC). Consumer and retail holdings include Woolworths Group Limited (WOW), Coles Group Limited (COL), and Wesfarmers Limited (WES). The basket also comprises REITs, energy, healthcare, and industrial stocks, ensuring diversified exposure across Australia's economy. Share quantities vary per index weighting, with larger companies receiving greater representation.

Fund Valuation and Asset Base as of 20 July 2026

The daily update dated 20 July 2026 reports a net asset value (NAV) per unit of $78.53. This figure represents the fund's total assets divided by units on issue. The NAV per creation unit was $1,963,372.50, reflecting the value before the cash component. The index basket shares were valued at $1,963,328.96, underscoring the fund's extensive holdings.

Total assets under management reached $6,535,113,972.84 as of 21 July 2026, exceeding $6.5 billion in investor capital. The cash component per creation unit was $43.54, held for redemptions, distributions, and operational management. The fund's asset base remained stable with no unit changes between the trade date and the next trading day.

Units on Issue and Trading Activity in July 2026

As of 21 July 2026, the fund had 83,212,898.00 units on issue, unchanged from the prior position, indicating no net inflows or outflows. Zero applications and redemptions were recorded on 20 July 2026, meaning no new units were created or redeemed that day. This stability reflects balanced investor demand during the period.

Absence of applications and redemptions on a trade date is common for large ETFs and does not signal fund weakness. ETF units trade on the ASX secondary market where investors transact at market prices that may vary slightly from NAV. Creation and redemption mechanisms enable authorised participants to maintain fund size and pricing efficiency but do not capture all trading activity. The fund's large asset base and stable units on issue demonstrate sustained investor confidence.

Sector Exposure and Economic Coverage Offered by the Fund

The ETF offers broad exposure across all major Australian economic sectors via its 200-stock basket. Financial services constitute a large portion due to the prominence of major banks and financial firms, including the "Big Four" banks (CBA, NAB, WBC, ANZ), investment managers, insurers, and financial service providers. This reflects the sector's significance in Australia's economy and the ASX 200.

Resources and mining also form a major segment, highlighting Australia's global resource status. Holdings include diversified miners, iron ore producers, gold companies, rare earth element producers, and energy firms, allowing investors to participate in commodity cycles driven by global demand. The fund also covers consumer discretionary and staples, healthcare, infrastructure, and utilities, providing diversified sector risk mitigation.

International Exposure via CHESS Depositary Interests and ADRs

Although focused on Australian equities, the ETF includes international companies listed on the ASX through CHESS Depositary Interests (CDIs) and American Depositary Receipts (ADRs). These instruments enable Australian investors to access global firms without trading overseas. Holdings include CDIs for BHP Group (BHP), Rio Tinto (RIO), Newmont Corporation (NEM CDI), Capstone Copper Corporation (CSC CDI), and GQG Partners Inc (GQG CDI).

The inclusion of international companies via CDIs and ADRs aligns with the S&P/ASX 200 Index composition, encompassing Australia's top 200 listed entities by market cap. This structure offers global diversification within a single Australian equity ETF, maintaining focus on large, liquid equities.

Role of Creation Units in the ETF's Operation

The update highlights creation units as a fundamental part of the ETF's structure. A creation unit is a standard block size for authorised participants to create or redeem ETF units. The NAV per creation unit is $1,963,372.50, indicating the asset value required to create one unit, which represents multiple investor units. This process maintains pricing efficiency and allows fund scaling without frequent market trading.

Creation and redemption differ from secondary market trading where investors buy and sell units on the ASX. If market prices diverge from NAV, authorised participants can create or redeem units to profit from price differences and restore fair value. The zero applications and redemptions on 20 July 2026 are typical and do not reflect fund health or activity.

Fund Management and Regulatory Compliance

State Street Global Advisors, Australia Services Limited manages and issues the ETF, holding an Australian Financial Services Licence (AFSL Number 274900) and operating under ACN 16 108 671 441. Registered as an Australian managed investment scheme, the fund trades on the ASX AQUA market with full liquidity and regulatory oversight. The responsible entity complies with the Corporations Act 2001 (Cth) and ASIC requirements.

State Street Global Advisors operates from Level 14, 420 George Street, Sydney, NSW 2000, reachable at 612 9240-7600 or www.ssga.com. The fund's governance includes oversight by the Board of State Street Global Advisors, Australia Services Limited, which authorises all announcements. The SPDR and S&P trademarks are licensed from Standard & Poor's Financial Services LLC, ensuring adherence to international index standards. This framework assures operational integrity and compliance.

NAV Calculation and Cash Management Details

The reported NAV per unit of $78.53 is calculated by dividing total fund assets by units on issue. While specific NAV calculation methodology and timing were not detailed, the fund updates NAV daily to reflect market value changes. The NAV represents the theoretical redemption price, though ASX market prices may vary.

The cash component per creation unit of $43.54 is a small liquid allocation for redemptions, expenses, and dividend distributions. This typical ETF cash holding minimises market impact and transaction costs. The small cash proportion relative to NAV indicates efficient management aiming to closely track the index while managing liquidity.

Investor Guidance and Additional Resources

The update clarifies that the daily fund information is general and does not consider individual financial circumstances. Prospective investors should seek professional advice before investing or holding units in the State Street SPDR S&P/ASX 200 ETF. The product disclosure document (PDS) available at www.ssga.com provides detailed information on investment objectives, strategies, risks, and fees.

This update is a factual report on fund composition and valuation, not a solicitation to trade. For ongoing performance, holdings, and updates, investors may visit State Street Global Advisors' website or consult ASX and financial data providers for current market prices and trading data.