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State Street Global Advisors has issued its daily fund update for the State Street SPDR S&P/ASX 200 Listed Property ETF (ASX:SLF), reporting a net asset value per unit of $12.44 as of 20 July 2026. The ETF, which tracks 18 key Australian listed property securities, holds 39.2 million units on issue with total assets under management of $487.8 million. This update offers investors the latest valuation figures and portfolio details for the exchange-traded fund.
Key Highlights
- Daily valuation update for State Street SPDR S&P/ASX 200 Listed Property ETF (SLF) as at 20 July 2026 released.
- Net asset value per unit recorded at $12.44, with total fund assets valued at $487.8 million.
- Portfolio includes 18 listed property securities, with major holdings in Mirvac Group (15,976 shares), Scentre Group (21,147 shares), and GPT Group (7,756 shares).
- No applications or redemptions occurred on the trade date, keeping units on issue steady at 39.2 million.
State Street SPDR S&P/ASX 200 Listed Property ETF: Fund Overview and Investment Strategy
Operated by State Street Global Advisors, Australia Services Limited, the State Street SPDR S&P/ASX 200 Listed Property ETF is a managed investment scheme listed on the ASX. The fund aims to replicate the performance of Australia’s listed property sector by holding a diversified portfolio of 18 property-related securities. It offers investors exposure to some of the largest and most established Australian property companies and REITs through a single, exchange-traded investment vehicle.
State Street Global Advisors, Australia Services Limited, holding Australian Financial Services Licence (AFSL Number 274900) and headquartered at Level 14, 420 George Street, Sydney, acts as both issuer and Responsible Entity for the ETF. The fund’s structure enables investors to access diversified Australian listed property market exposure via ASX-traded units, providing liquidity and transparency through daily updates and published valuations.
Comprehensive Portfolio Breakdown and Leading Holdings
The daily update as of 21 July 2026 details the full index basket composition, enhancing transparency on the securities backing investor holdings. Mirvac Group is the largest holding with 15,976 shares, followed by Scentre Group with 21,147 shares and GPT Group holding 7,756 shares. These three companies form the core exposure to Australia’s diversified property sector.
Additional significant holdings include Stockland (9,845 shares), Dexus/AU (4,343 shares), and Goodman Group (8,279 shares). The portfolio also covers specialized property segments with positions in Centuria Industrial REIT (2,124 shares), Ingenia Communities Group (1,650 shares), and HomeCo Daily Needs REIT (7,613 shares). This diversification across residential, industrial, retail, and specialized property sectors aligns with the fund’s goal of broad exposure through the S&P/ASX 200 Listed Property index methodology.
Valuation Details and Net Asset Value as of 20 July 2026
The fund’s net asset value per unit stood at $12.44 at market close on 20 July 2026. The net asset value per creation unit, the standard tradable parcel, was $622,195.00. Total net assets reached $487,802,389.28, calculated by multiplying 39.2 million units on issue by the per-unit value. These figures serve as official pricing for creation and redemption transactions on that date.
The valuation included a rounding component of $7.09 and an adjustment amount of $0.00. The index basket shares’ value was $622,202.09, reflecting the combined market price of all 18 securities in the portfolio. The rounding adjustment ensures precise pricing during the creation and redemption process.
Fund Stability with No Change in Units on Issue
The update confirms no net change in units on issue for the period ending 20 July 2026. The fund opened with 39,200,001 units, recorded zero applications and redemptions, and closed with the same unit count. This stability indicates balanced investor demand or a pause in creation/redemption activity on that trade date.
Maintaining a constant unit count ensures no dilution or compression of existing holdings, supporting transparent pricing and investor confidence. This steadiness benefits investors relying on the fund as a core exposure to the Australian property sector by providing certainty on unit numbers and valuation.
Retail Property Exposure via Charter Hall Group and Scentre Group
The portfolio holds significant retail property exposure through major shopping centre operators and retail-focused trusts. Scentre Group is the largest position by share count with 21,147 shares, offering direct exposure to Australia’s leading shopping centre operator. Additional retail holdings include Charter Hall Group (1,915 shares), Charter Hall Retail REIT (2,047 shares), and Vicinity Centres (15,970 shares), providing diversified retail property coverage.
This retail weighting reflects the prominence of shopping centre operators within the Australian listed property market. The mix of integrated operators and retail specialists offers investors broad retail sector exposure despite sector-specific challenges such as tenant demand fluctuations and occupancy rates.
Industrial and Logistics Property Holdings: Dexus, Goodman Group, and Centuria
The fund allocates meaningful exposure to Australia’s industrial and logistics property sector, driven by e-commerce growth and supply chain consolidation. Goodman Group holds 8,279 shares, Dexus/AU 4,343 shares, and Centuria Industrial REIT 2,124 shares, providing diversified access to logistics facilities and industrial assets.
These industrial holdings benefit from structural tailwinds and typically exhibit different risk-return profiles compared to retail or residential properties. Their inclusion highlights the industrial sector’s material role within the S&P/ASX 200 Listed Property index.
Residential and Specialist Community Property Exposure
The fund also invests in residential and specialist community property sectors through Mirvac Group, Stockland, Ingenia Communities Group, and HomeCo Daily Needs REIT. Mirvac Group, the largest holding, operates across residential, office, retail, and logistics segments. Stockland, with 9,845 shares, is a diversified operator with significant residential development exposure.
Specialist operators include Ingenia Communities Group (1,650 shares), focusing on manufactured residential communities, and HomeCo Daily Needs REIT (7,613 shares), targeting neighbourhood shopping centres. These sectors provide distinct risk-return profiles and reflect demographic trends such as an ageing population, enhancing the fund’s diversified property exposure.
Fund Administration and Regulatory Compliance
State Street Global Advisors, Australia Services Limited operates under ASIC regulation with AFSL Number 274900, headquartered at Level 14, 420 George Street, Sydney, NSW 2000. Contact is available via phone at 612 9240-7600 or online at www.ssga.com. As Responsible Entity, the company ensures compliance with the Corporations Act 2001 (Cth) and the fund’s constitution.
The daily update process underscores State Street’s commitment to transparency and investor communication. The fund, an Australian registered managed investment scheme, is listed on the ASX or AQUA market, allowing trading during standard ASX hours. Disclosure of net asset values, creation unit pricing, total assets, and units on issue aligns with industry best practices, enabling informed investor decisions. Full product details are available in the product disclosure document at www.ssga.com.
Trademark Licensing and SPDR Product Framework
The ETF operates under trademark licenses linking it to State Street Global Advisors’ SPDR product family. It uses the SPDR trademark and the Standard & Poor’s S&P trademark licensed from Standard & Poor’s Financial Services LLC, reflecting its connection to the S&P index methodology and global SPDR brand. The ASX trademark is licensed from ASX Operations Pty Limited, indicating its Australian Securities Exchange listing.
These licenses clarify that neither Standard & Poor’s Financial Services LLC nor ASX Operations Pty Limited sponsor or endorse the ETF, nor do they assume liability or provide investment advice. This standard disclaimer protects trademark holders while enabling State Street to leverage established brands and methodologies, illustrating the globalized nature of ETF development.
Investor Considerations for Diversified Australian Property Exposure
The State Street SPDR S&P/ASX 200 Listed Property ETF offers mechanically constructed, rules-based exposure to Australia’s 18 largest listed property securities through a single traded vehicle. Its transparent daily valuations, creation and redemption mechanisms, and diversified holdings across retail, industrial, residential, and specialist sectors provide several benefits for investors seeking core property exposure.
Investors should consider that property sector performance is influenced by interest rates, tenant demand, occupancy, rental growth, capital values, and economic cycles. Retail property is sensitive to consumer spending and e-commerce competition, industrial property benefits from supply chain trends, and residential property is shaped by demographic and housing demand factors. The fund’s daily net asset value disclosures and regular updates enable precise monitoring of investment value.
