State Street SPDR S&P/ASX 200 Listed Property ETF Reports $488.6M NAV with 18 Australian Property Holdings

Overview of Fund Structure and Holdings in the Property ETF

The State Street SPDR S&P/ASX 200 Listed Property ETF is a managed investment scheme offering investors exposure to a diversified portfolio of 18 Australian listed property securities. It tracks the S&P/ASX 200 Listed Property Index and is listed on the ASX under the ticker SLF. State Street Global Advisors, Australia Services Limited acts as the responsible entity and issuer, holding AFSL Number 274900 and registration with the Australian Securities and Investments Authority, enabling it to manage ETF interests and provide exposure to Australian property markets.

The ETF’s holdings span a broad range of the Australian property sector, including retail REITs, industrial properties, residential communities, and diversified property groups. Key holdings as of the update date include Scentre Group (21,148 shares), Vicinity Centres (15,970 shares), Mirvac Group (15,977 shares), and Goodman Group (8,279 shares). The portfolio also features Charter Hall entities, Dexus, GPT Group, Stockland, and Centuria-related securities, representing major institutional-grade property assets across various sectors and regions in Australia.

Net Asset Value and Unit Pricing as of 27 July 2026

The daily update reported the net asset value per unit of the ETF at $12.46 at market close on 27 July 2026. The net asset value per creation unit—representing the value of a basket of units used for creations and redemptions—was $623,160.00. This valuation reflects the combined value of the index basket shares held plus rounding and adjustment components, providing transparent pricing for trading and redemption.

The fund’s total net asset value was $488,557,535.08, based on 39.2 million units outstanding. The rounding component, accounting for differences between the creation basket NAV and prevailing index parcel value, was $10.07, while the adjustment amount component, representing undistributed net income held in liquid investments, was $0.00. These components ensure accurate valuation and unit pricing that reflect underlying asset values and accrued income.

Unit Issuance and Fund Flow Activity

The update confirmed the ETF maintained 39.2 million units on issue as at 28 July 2026, with no new unit applications or redemptions on 27 July 2026. This indicates neutral fund flows on the date, with no net inflows or outflows via primary market transactions.

Such inactivity in applications and redemptions is typical for ETFs when secondary market trading volume suffices to meet investor demand. Authorized participants and institutional investors utilize creation and redemption mechanisms to manage liquidity, aligning the ETF’s unit price with its net asset value.

Diversified Exposure Across Australian Property Sub-Sectors

The ETF’s portfolio offers diversification across multiple Australian property sub-sectors. Retail property exposure includes Scentre Group (Australia’s largest shopping centre owner), Vicinity Centres, and Charter Hall Retail REIT, providing access to retail assets in major metropolitan and regional areas. Industrial exposure is through Goodman Group, a global logistics and industrial property leader with strong Australian operations, alongside Dexus and Charter Hall Long Wale REIT, covering modern logistics and industrial facilities.

Residential and community property exposure is represented by Mirvac Group, which develops residential and mixed-use projects, and Ingenia Communities Group, operating seniors living communities. The portfolio also includes diversified property groups and specialized REITs such as Homeco Daily Needs REIT, Region Group, Charter Hall Group, and Centuria Capital Group and Centuria Industrial REIT. This multi-sector approach aims to provide broad Australian property market exposure while mitigating concentration risk.

Share Holdings and Index Weighting Details

The daily update detailed the number of shares held in each of the 18 constituent securities as at 27 July 2026. The largest shareholding was Scentre Group with 21,148 shares, followed by Mirvac Group (15,977 shares) and Vicinity Centres (15,970 shares). Goodman Group accounted for 8,279 shares, GPT Group 7,756 shares, and Homeco Daily Needs REIT 7,614 shares. Other holdings included Region Group (4,651 shares), Dexus (4,343 shares), Stockland (9,846 shares), and Charter Hall Group (1,915 shares).

These holdings reflect the fund manager’s objective to replicate the S&P/ASX 200 Listed Property Index, with weightings aligned to the index methodology. The ETF’s share quantities are periodically updated to reflect index constituent changes, ensuring investors gain exposure mirroring the underlying index’s performance.

State Street Global Advisors’ Management and Regulatory Role

State Street Global Advisors, Australia Services Limited (SSGA, ASL) acts as both issuer and responsible entity for the ETF, an Australian registered managed investment scheme. Holding AFSL Number 274900 and registered with ASIC under ABN 16 108 671 441, SSGA, ASL manages the fund per its Constitution, conducts daily valuations and pricing, and issues regular investor updates.

Its registered office is at Level 14, 420 George Street, Sydney, NSW 2000, reachable by phone at +61 2 9240-7600 and online at www.ssga.com. As a division of State Street Corporation, one of the world’s largest custodians and asset managers, SSGA provides institutional-grade fund management and administration. Fund updates are authorized by the SSGA Board, ensuring governance and regulatory compliance. Investors can access the Product Disclosure Statement and further details on the State Street website.

ETF Listing and Trading on the ASX

The State Street SPDR S&P/ASX 200 Listed Property ETF is listed on the ASX AQUA market, enabling investors to trade units on the secondary market during trading hours at market prices. Unlike traditional managed funds, ETF units trade like shares, offering liquidity and transparency for retail and institutional investors seeking Australian listed property exposure without purchasing individual securities.

Creation and redemption mechanisms allow authorized participants to create units by depositing the index basket or redeem units for underlying shares, maintaining alignment between unit price and net asset value. Daily fund updates provide essential valuation and holdings information to support informed trading decisions.

Valuation Components: Rounding and Adjustment

The fund’s valuation includes a rounding component of $10.07, representing differences between the creation basket net asset value and the prevailing index parcel value due to exact share quantities held. This small cash adjustment ensures precise net asset value per unit.

The adjustment amount component was $0.00, indicating no undistributed net income held in liquid investments at the update date. This component typically includes accrued but unpaid income such as dividends or interest. Disclosure of these components ensures full transparency of the fund’s net asset value composition.

Index Methodology and Property Market Coverage

The ETF tracks the S&P/ASX 200 Listed Property Index, representing the property sector within Australia’s top 200 listed companies. The index includes retail, industrial, diversified, residential, and office property trusts. By replicating this index, the ETF offers investors a single instrument for comprehensive exposure to Australian listed property securities without individual stock selection.

The index applies criteria such as minimum market capitalization and liquidity to determine constituents. The 18 holdings disclosed reflect the index composition as of 27 July 2026. Periodic index rebalancing adjusts constituents and weightings, which the fund mirrors to replicate index performance before fees and expenses, providing transparent, low-cost market access.

Regulatory Disclosures and Investor Guidance

The daily update includes regulatory disclosures clarifying that the information is general in nature and not personalized financial advice. State Street Global Advisors advises investors to review the Product Disclosure Statement before investing or continuing to hold units. These disclosures comply with Australian financial services laws and ASIC requirements.

Trademark and liability disclaimers note that SPDR and Standard & Poor’s indices are trademarks of Standard & Poor’s Financial Services LLC, and that SPDR products are not sponsored, endorsed, sold, or promoted by S&P or the ASX. These disclaimers protect both State Street and index providers from liability. The fund operates under the Corporations Act 2001 (Cth), ASIC Corporations (Product Disclosure—ETFs) Instrument 2018/99, and its Constitution. Investors should consult the Product Disclosure Statement for full details on risks, fees, and features.