State Street SPDR S&P/ASX 200 Listed Property ETF Announces NAV of $12.34 per Unit as of July 22, 2026

ETF Composition and Exposure to Australian Property Market via 18 Core Holdings

The State Street SPDR S&P/ASX 200 Listed Property ETF is an Australian registered managed investment scheme listed on the ASX under the ticker SLF. Managed by State Street Global Advisors, Australia Services Limited, which holds an Australian Financial Services Licence, the ETF offers investors exposure to a diversified basket of 18 Australian listed property securities selected from the broader S&P/ASX 200 index. This structure enables investors to access the Australian listed property sector through a single ASX-traded investment vehicle.

The fund’s holdings cover a broad range of Australian property investment trusts, including retail centres, industrial properties, residential communities, daily needs retail, and mixed-use developments. This diversification across property subsectors helps mitigate concentration risk while providing significant exposure to the Australian property market. By holding 18 different securities, the ETF simplifies access to multiple property investments without requiring investors to select individual stocks or construct portfolios themselves.

Asset Base and NAV Per Creation Unit Details

As of July 22, 2026, the State Street SPDR S&P/ASX 200 Listed Property ETF reported a total net asset value of approximately $484.95 million. The NAV per unit was $12.34, which serves as the issue and redemption price for investors buying or selling units. The NAV per creation unit—representing 50,000 units—was $616,985.00, offering transparency on pricing for institutional investors and market makers involved in creation and redemption transactions.

The fund’s rounding component was $34.47, reflecting the minor difference between the NAV per creation basket and the value of the underlying index parcel. The adjustment amount, representing undistributed net income held in liquid investments, was zero on this date. These technical details clarify the relationship between underlying asset values and the fund’s unit pricing.

Top Holdings Include Mirvac Group, Scentre Group, and GPT Group

The ETF’s index basket includes significant allocations to leading Australian property operators. Mirvac Group is the largest holding with 15,977 shares, followed by Scentre Group with 21,148 shares and GPT Group with 7,756 shares. These three holdings provide substantial exposure within the S&P/ASX 200 Listed Property index, giving investors direct participation in some of Australia’s most established real estate companies.

Additional key holdings include Stockland with 9,846 shares, Vicinity Centres with 15,970 shares, and Dexus/AU with 4,343 shares. Smaller yet meaningful positions include Charter Hall Group (1,915 shares), Charter Hall Long Wale REIT (2,679 shares), and Centuria Industrial REIT (2,124 shares). This layered property exposure captures returns from retail, industrial, residential aged care, and long-lease specialist sectors.

Diversification Across Retail, Industrial, Residential, and Specialist Property Sectors

The ETF’s 18 holdings provide broad exposure across multiple Australian real estate categories. Retail exposure includes Scentre Group, Stockland, Charter Hall Retail REIT, Vicinity Centres, and HomeCo Daily Needs REIT. Industrial exposure is represented by Dexus, Goodman Group (8,279 shares), and Centuria Industrial REIT. Residential aged care and communities are covered by Ingenia Communities Group (1,650 shares). This sectoral diversification allows the fund to benefit from distinct economic drivers affecting each property subsector.

Specialist property exposure includes WayPoint REIT (2,644 shares) and Region Group (4,651 shares). Charter Hall Group’s multi-category operations further enhance diversification. The inclusion of Capital Group and Goodman Group adds variety in property types and investment strategies. This multi-sector approach aims to reduce risk from downturns in any single property category, delivering resilient exposure to Australian listed property for investors.

Fund Size and Units on Issue After Recent Redemptions

As of the opening of trading on July 23, 2026, the fund had 39.3 million units on issue. During the reporting period, redemptions totaled 100,000 units with no new applications, resulting in a closing unit count of 39.2 million. This modest decline reflects typical investor flows and does not indicate structural concerns.

With a total NAV of approximately $484.95 million and 39.2 million units outstanding, the fund maintains a healthy size and solid investor interest. The redemption volume relative to total units aligns with normal market activity for ETFs. Investors should monitor ongoing creation and redemption trends to gauge demand for Australian listed property exposure through this ETF.

Technical Valuation Components and Fund Pricing Mechanics

The daily update details technical components underpinning the fund’s unit pricing. The value of the index basket shares on July 22, 2026 was $616,950.53 per creation unit. The rounding component of $34.47 reconciles the NAV per creation unit of $616,985.00 with the underlying basket value. These calculations comply with the fund’s constitution and provide transparency for investors and market participants.

The adjustment amount, reflecting undistributed net income held in liquid investments, was zero on this date, indicating recent income distributions or absence of material undistributed income. Accurate disclosure of these components is essential for market makers and institutional investors involved in creation and redemption activities, which help keep the ETF’s price aligned with its NAV.

Daily NAV Updates Enhance Investor Transparency

State Street Global Advisors, Australia Services Limited issues daily fund updates to provide timely valuation and unit count information. Company Secretary David Lom emphasized this commitment to transparency, with the July 22, 2026 update being part of a regular disclosure schedule for ASX-listed property ETFs.

The update includes detailed information on fund composition, valuation, and operations. Publishing exact share quantities for all 18 constituent securities allows investors to verify compliance with the benchmark index. Detailed NAV calculations and explanations of rounding and adjustment components equip institutional investors and advisers to evaluate fund management and operational efficiency.

Regulatory Oversight and Fund Management Authorization

The State Street SPDR S&P/ASX 200 Listed Property ETF is managed by State Street Global Advisors, Australia Services Limited, operating under Australian Financial Services Licence number 274900 and ABN 16 108 671 441. The ETF is an Australian registered managed investment scheme listed on the ASX AQUA market under the code SLF. This regulatory framework ensures compliance with Australian securities laws and oversight by the Australian Securities and Investments Commission.

The fund’s constitution governs NAV calculations and other operational aspects. State Street Global Advisors, Australia Services Limited ensures compliance with the constitution, financial services laws, and licensing terms. Investors should consider this company update as general information and consult the product disclosure statement on State Street’s website before investing.

Market Access and Investor Disclosure for the ETF

Investors can buy and sell units of the State Street SPDR S&P/ASX 200 Listed Property ETF on the ASX during standard trading hours. The ETF’s AQUA market listing ensures regulatory compliance for exchange-traded products. Institutional investors and market makers may participate in creation and redemption processes to manage large holdings, subject to the product disclosure statement terms.

Prospective and current investors should review the product disclosure statement available at www.ssga.com and evaluate whether the ETF suits their financial goals and needs. The company update clarifies that the information provided is general and not a solicitation to buy or sell securities. Professional financial advice is recommended before making investment decisions regarding this or any ETF.