State Street SPDR S&P/ASX 200 Listed Property ETF Maintains Stable Portfolio with 18 Australian Property Stocks as of July 24, 2026

ETF Framework and Exposure to Australian Property Sector via 18 Core Securities

The State Street SPDR S&P/ASX 200 Listed Property ETF offers investors broad exposure to Australia's listed property market through a curated selection of 18 securities. Listed on the ASX AQUA market, the ETF tracks the S&P/ASX 200 Listed Property Index, enabling diversified access to the Australian REIT market within a single traded security. State Street Global Advisors, Australia Services Limited acts as the Responsible Entity and holds an Australian Financial Services Licence (AFSL Number 274900).

The portfolio encompasses key segments of the Australian listed property sector, including industrial, retail, diversified, and specialist residential property operators. By mirroring the S&P/ASX 200 Listed Property Index, the ETF aims to replicate the sector's benchmark performance, providing investors with a transparent and systematic investment vehicle without the need for individual stock selection. The daily updates ensure ongoing transparency of portfolio composition and valuations.

Detailed Portfolio Breakdown and Sector Weightings in Australian Property

The ETF's 18 holdings cover a range of property sectors within the Australian real estate market. Significant positions include Mirvac Group (15,977 shares), Scentre Group (21,148 shares), Vicinity Centres (15,971 shares), GPT Group (7,756 shares), Goodman Group (8,279 shares), and Stockland (9,846 shares), representing key industrial, retail, and diversified property players. Additional holdings such as Charter Hall Group (1,915 shares), Charter Hall Retail REIT (2,047 shares), Charter Hall Long Wale REIT (2,679 shares), Dexus (4,343 shares), and Centuria Industrial REIT (2,124 shares) provide further industrial and specialized sector exposure.

The fund also holds stakes in emerging and niche property sectors, including Ingenia Communities Group (1,650 shares) focused on seniors housing and resort communities; Arena REIT (1,646 shares); Region Group (4,651 shares); Homeco Daily Needs REIT (7,614 shares) targeting neighborhood retail; Waypoint REIT (2,644 shares); Centuria Capital Group (3,650 shares); and BWP Property Group (2,480 shares). This diversified portfolio across property types, regions, and tenant profiles mitigates concentration risk and offers comprehensive exposure to the Australian listed property market.

Fund Valuation and Net Asset Value as of 24 July 2026

The update reports a net asset value per unit of $12.26 for the ETF as at 24 July 2026. The NAV per creation unit is $612,850.00, reflecting the valuation used for primary market transactions. The total fund NAV stands at $480,476,300.06, based on 39,200,001 units issued. The value of the index basket shares is $612,831.94, with a rounding difference of $18.06 and zero adjustment amount for the creation unit calculation.

These valuation figures provide transparent pricing for investors and market participants. The $12.26 NAV per unit serves as a benchmark for retail trading on the ASX secondary market, while the creation unit NAV is relevant for institutional investors and authorized participants involved in primary market operations. The minimal rounding component indicates precise index tracking, and the absence of an adjustment amount suggests no undistributed net income held in liquid investments at the reporting date.

Fund Stability Highlighted by Unchanged Unit Count and Zero Transaction Activity

The daily fund update confirms no applications or redemptions occurred on 24 July 2026. The units on issue remained steady at 39,200,001.00, with zero applications and redemptions recorded. This stability indicates consistent investor positioning and no net inflows or outflows through primary market transactions on that day.

While primary market activity was nil, secondary market trading on the ASX continues to allow investors to buy and sell ETF units. The stable unit count may reflect balanced investor flows or typical market conditions. Disclosure of these figures enhances transparency around fund liquidity and investor demand when analyzed alongside historical updates.

Representation of Australian Listed Property Market and Index Tracking

The ETF tracks the S&P/ASX 200 Listed Property Index, which comprises the largest and most liquid listed property companies on the ASX. This index serves as a comprehensive benchmark for the Australian listed property sector. The ETF’s 18-stock portfolio mirrors this index and is periodically adjusted to align with market and index changes.

The fund’s holdings span office, industrial, retail, residential, and specialist property categories, offering investors exposure to real estate without direct ownership, financing, or management responsibilities. Historically, the sector has delivered capital growth and income through distributions. The ETF structure provides cost-efficient and accessible sector exposure via a single ASX-listed security, suitable for retail and institutional investors seeking diversified property investments.

Administration and Responsible Entity Role of State Street Global Advisors

State Street Global Advisors, Australia Services Limited is the issuer and Responsible Entity of the State Street SPDR S&P/ASX 200 Listed Property ETF. Holding AFSL Number 274900 and ABN 16 108 671 441, it manages the fund under Australian financial services regulations. The ETF is registered as an Australian managed investment scheme and trades on the ASX AQUA market under ticker SLF. The company’s registered office is at Level 14, 420 George Street, Sydney, NSW 2000, with contact number 612 9240-7600 and website www.ssga.com.

As Responsible Entity, State Street Global Advisors oversees fund operations, regulatory compliance, investor transactions, and NAV calculation and reporting. The daily updates form part of ongoing disclosure and operational processes. Operating within the broader State Street group, the company ensures the fund adheres to its constitution, financial services laws, and investor disclosure requirements, providing institutional-grade management and oversight.

Investor Access and Distribution Through Primary and Secondary Markets

Investors can access the ETF via primary market creation and redemption by authorized participants and institutional investors, or through secondary market trading on the ASX like any listed security. Secondary market prices fluctuate with supply and demand and may trade at premiums or discounts to NAV.

The daily NAV per unit and creation unit provide valuation benchmarks supporting the ETF’s pricing framework. Authorized participants help align market price with NAV through creation and redemption mechanisms. The fund may distribute income derived from underlying property holdings, though specific distribution details were not included in this update. Prospective investors should consult the product disclosure statement at www.ssga.com for comprehensive information on fees, distributions, and terms.

Regulatory Compliance and SPDR Brand Governance

The ETF operates under Australian managed investment scheme regulations and complies with the Corporations Act 2001 (Cth). Its constitution defines investor rights and Responsible Entity duties. The SPDR brand is a registered trademark of Standard & Poor's Financial Services LLC, licensed for this fund. The S&P/ASX 200 Listed Property Index is a trademark of ASX Operations Pty Limited.

The update clarifies that SPDR ETFs are not sponsored or endorsed by Standard & Poor's Financial Services LLC or ASX Operations Pty Limited, who bear no liability regarding the ETF or its investment merits. This information is general and not financial advice. Investors should evaluate suitability and review the product disclosure statement before investing. This regulatory framework ensures transparency, oversight, and investor protection under Australian law.