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State Street Global Advisors, Australia Services Limited has published its daily update for the State Street SPDR S&P/ASX 200 ETF (STW), revealing the fund's net asset value and unit count as of 24 July 2026. This ETF, which tracks the S&P/ASX 200 Index through a portfolio of 200 Australian and international-listed securities, held steady at 83,212,898 units with no applications or redemptions during the trading session. The detailed holdings snapshot offers investors comprehensive insight into the fund’s structure and valuation metrics.
Key Points
- State Street Global Advisors, Australia Services Limited (ASX:STW) released the latest update on the State Street SPDR S&P/ASX 200 ETF
- Fund’s net asset value (N.A.V.) stands at $6,570,564,139.27 as of 24 July 2026
- Units on issue remained unchanged at 83,212,898.00, with zero applications and redemptions recorded
- N.A.V. per unit is $78.96, and N.A.V. per creation unit is $1,974,022.50
- The ETF holds a diversified basket of 200 stocks representing the S&P/ASX 200 Index constituents
Fund Structure and Net Asset Valuation Approach
The State Street SPDR S&P/ASX 200 ETF is a passively managed investment vehicle designed to mirror the S&P/ASX 200 Index, a key Australian equity benchmark. The fund maintains direct holdings in all 200 constituent stocks, weighted according to their index representation. As of 24 July 2026, the fund's net asset value was $6,570,564,139.27, reflecting the total asset value minus liabilities. This valuation approach ensures transparency and provides investors with an objective measure of the fund’s intrinsic worth.
The fund’s structure includes both physical shares of the index basket and a cash component to support creation and redemption activities. The value of the index basket shares as of 23 July 2026 was $1,973,976.39, with a cash component per creation unit of $46.11. The N.A.V. per unit of $78.96 offers investors a clear daily benchmark for the fund’s value, facilitating accurate price discovery on the ASX secondary market.
Stable Unit Issuance and Investor Activity
On 24 July 2026, the fund maintained 83,212,898 units outstanding, unchanged from the previous trading day. The daily update reported zero new unit applications and zero redemptions, indicating a balanced supply-demand dynamic. This stability reflects steady investor positioning and suggests no major capital inflows or withdrawals during the period. Maintaining a consistent unit base supports tracking accuracy and minimizes operational complexities linked to frequent creation or redemption.
The creation unit process, which enables authorised participants to create or redeem units in large blocks, operates at a standard N.A.V. per creation unit of $1,974,022.50. The absence of applications or redemptions during this trading period indicates efficient trading within the fund’s fair value range, ensuring smooth operation of the creation mechanism and reinforcing investor confidence in pricing integrity.
Diversified 200-Stock Index Basket Composition
The ETF holds all 200 constituents of the S&P/ASX 200 Index, with allocations reflecting each company’s index weighting. Key financial institutions include National Australia Bank (2,261 shares), Westpac Banking Corporation (2,521 shares), and Commonwealth Bank of Australia (1,233 shares). The fund also holds significant positions in major industrial and mining firms such as BHP Group Limited (3,745 shares) and South32 Limited (3,306 shares), underscoring their prominence in the Australian market.
Sector diversification spans materials, energy, financial services, healthcare, consumer discretionary, and real estate. Energy holdings include Santos Limited (2,394 shares), Woodside Energy Group Limited (1,401 shares), and Origin Energy Limited (1,270 shares). Healthcare exposure features Cochlear Limited (48 shares) and CSL Limited (358 shares), while consumer staples and discretionary sectors include Woolworths Group Limited (900 shares), Coles Group Limited (990 shares), and Harvey Norman Holdings Limited (413 shares). This broad sector representation ensures effective tracking of the Australian economy.
Large-Cap Holdings and Portfolio Impact
Several large-cap companies anchor the portfolio, significantly influencing performance and risk. Scentre Group, operator of Australia’s largest shopping centre network, holds 3,849 shares, while Mirvac Group and Vicinity Centres hold 2,908 and 2,907 shares respectively, providing substantial real estate exposure. Technology and software sectors are represented by Xero Limited (126 shares) and TPG Telecom Limited (333 shares), reflecting the digital economy’s growth.
Banking and financial services remain core holdings, with ANZ Group Holdings Limited at 2,221 shares, regional banks like Bank of Queensland Limited (487 shares) and Bendigo and Adelaide Bank Limited (428 shares), and Macquarie Group Limited (261 shares) covering investment banking and advisory. This concentration mirrors the sector’s significant weighting in the S&P/ASX 200 Index and its critical role in fund performance.
Mining and Resources Sector Exposure
The fund holds considerable exposure to Australia’s mining and resources sector, a key economic driver. Rio Tinto Limited is held at 274 shares, Fortescue Limited at 1,225 shares, and energy metals producers like Liontown Limited (1,687 shares) and Lynas Rare Earths Limited (682 shares) provide exposure to battery metals and critical minerals. These positions align the fund with global energy transition trends.
Additional mining holdings include Genesis Minerals Limited (852 shares), Ramelius Resources Limited (1,400 shares), Resolute Mining Limited (1,575 shares), Northern Star Resources Limited (1,054 shares), Capricorn Metals Limited (337 shares), and Champion Iron Limited (314 shares), offering diversified commodity exposure and capturing the cyclical growth potential of the mining sector.
Technology and Growth Sector Holdings
The fund includes emerging and established technology companies such as Seek Limited (263 shares), WiseTech Global Limited (156 shares), and Computershare Limited (401 shares), providing exposure to high-growth segments. Telecommunications holdings include Telstra Group Limited (8,247 shares), TPG Telecom Limited (333 shares), and Chorus Limited (320 shares), while Hub24 Limited (60 shares) and Nextdc Limited (561 shares) offer exposure to digital wealth platforms and data centre infrastructure.
Healthcare and Pharmaceuticals Sector Representation
Healthcare holdings encompass CSL Limited (358 shares), a global biopharmaceutical leader, Cochlear Limited (48 shares) specialising in implantable hearing devices, and Resmed Inc CDI (419 shares), which offers cloud-connected medical devices. Ramsay Health Care Limited (139 shares) provides private hospital exposure, while Sonic Healthcare Limited (364 shares) covers global laboratory services. This diversified healthcare portfolio captures both innovative biotech and stable healthcare services.
Regulatory Compliance and Fund Management
State Street Global Advisors, Australia Services Limited manages the fund under Australian Financial Services Licence Number 274900 and Australian Business Number 16 108 671 441. The ETF is an Australian registered managed investment scheme listed on the ASX AQUA market and the ASX, offering retail and institutional investors transparent, liquid index exposure. Governance complies with the Corporations Act and Managed Investments Act, with the registered office located at Level 14, 420 George Street, Sydney, NSW 2000. The fund operates under ASIC’s regulatory framework.
Indexing is licensed through proprietary agreements with Standard & Poor's, with SPDR and S&P trademarks licensed to State Street Corporation. The ASX trademark is licensed to the issuer, reflecting a collaborative regulatory environment. Daily reporting of net asset values, unit pricing, and holdings ensures transparency, while State Street Global Advisors’ global expertise supports professional fund management aligned with best practices and Australian investor protections.
Daily Valuation and Investor Access
The daily update dated 23 July 2026 reflects valuations as of 24 July 2026, underscoring the fund’s commitment to timely and transparent net asset value disclosure. The N.A.V. per unit of $78.96 serves as the basis for fair value, although the ETF’s ASX market price may vary slightly due to supply and demand. This transparency differentiates ETFs from traditional managed funds and bolsters investor confidence.
Investors trade units on the ASX during market hours, benefiting from continuous liquidity and price discovery. Authorised participants utilize the creation and redemption mechanism based on a creation unit N.A.V. of $1,974,022.50 and a cash component of $46.11 per creation unit, facilitating efficient large-block transactions and minimizing cash drag. This multi-tiered access ensures retail investors can trade throughout the day while institutional investors transact at predictable cost bases, reflecting ETF design best practices for optimal capital flow and operational efficiency.
