State Street SPDR S&P/ASX 50 ETF Maintains $714 Million Fund Value with Stable Unit Count

Fund Structure and Daily NAV Details

The State Street SPDR S&P/ASX 50 ETF operates as an Australian registered managed investment scheme listed on the ASX AQUA market and managed by State Street Global Advisors, Australia Services Limited. The latest daily update shows the net asset value per unit was $77.01 at market close on 24 July 2026. The net asset value per creation unit was $1,925,337.50, representing the valuation used by institutional investors and authorised participants for creation and redemption processes.

The fund's total net asset value on the trade date was $714,012,221.24, calculated by multiplying the outstanding units by the per-unit NAV. This amount reflects the total capital managed within the ETF's 50-stock portfolio. Additionally, the update revealed a cash component per creation unit of $147.03, representing the difference between the NAV per creation unit and the market value of the underlying index basket shares. This cash portion supports the fund’s operational liquidity and settlement functions necessary to track the S&P/ASX 50 Index accurately.

50-Stock Index Basket Composition and Sector Allocation

The ETF offers diversified exposure to Australia's 50 largest listed companies across key sectors. Financial services holdings include significant positions in Commonwealth Bank of Australia (1,504 shares), National Australia Bank (2,757 shares), and Westpac Banking Corporation (3,074 shares), which together form a substantial part of the portfolio and highlight the sector's prominence within the Australian economy and ASX market capitalization.

Resource sector exposure is robust with holdings in Fortescue Limited (1,494 shares), Rio Tinto Limited (334 shares), BHP Group Limited (4,566 shares), and South32 Limited (4,032 shares). Energy sector positions include Santos Limited (2,919 shares), Origin Energy Limited (1,548 shares), and Woodside Energy Group Limited (1,708 shares). Consumer staples exposure is provided through Woolworths Group Limited (1,098 shares), Coles Group Limited (1,207 shares), and Wesfarmers Limited (1,020 shares), delivering a well-rounded representation of Australia’s blue-chip equities.

Stable Unit Count and Investor Redemption Activity

The daily update confirms a stable unit count with no new applications or redemptions on 24 July 2026. The units outstanding opened and closed at 9,271,258.00, indicating no change in the number of units. This lack of redemption activity suggests investors maintained their holdings without withdrawing capital or converting units to cash.

This steadiness aligns with the fund’s passive investment approach, which aims to replicate the S&P/ASX 50 Index performance rather than engaging in active trading. The fund’s structure permits authorised participants to create or redeem units in creation unit multiples, primarily utilised by institutional investors and market makers to keep the fund’s market price aligned with its NAV. The absence of applications and redemptions on this trading day reflects a period of consistent investor interest without significant inflows or outflows.

Diversification Across Healthcare, Technology, and Industrials

Beyond financials, resources, and consumer staples, the ETF provides meaningful diversification in healthcare, technology, and industrial sectors. Healthcare holdings include CSL Limited (436 shares), Cochlear Limited (59 shares), ResMed Inc CDI (511 shares), and Sonic Healthcare Limited (444 shares), representing Australia's pharmaceutical, medical device, and healthcare service industries.

Technology exposure comes from Computershare Limited (489 shares), WiseTech Global Limited (190 shares), and Xero Limited (153 shares), highlighting Australia’s expanding software and tech services sectors. Industrial sector diversification includes Brambles Limited (1,210 shares), Transurban Group (2,804 shares), and James Hardie Industries CDI (299 shares). Additionally, logistics and property sector holdings such as Scentre Group (4,694 shares), Goodman Group (1,838 shares), and Stockland (2,185 shares) provide comprehensive exposure to Australia’s diversified economy and major listed companies.

Fund Administration and Regulatory Compliance

The State Street SPDR S&P/ASX 50 ETF is regulated by the Australian Securities and Investments Commission. State Street Global Advisors, Australia Services Limited holds an Australian Financial Services Licence (AFSL Number 274900) and an Australian Business Number (ABN 16 108 671 441). The fund is registered as an Australian managed investment scheme and trades on the ASX AQUA market under ticker SFY. Its registered office is located at Level 14, 420 George Street, Sydney, NSW 2000, with support available via telephone and online channels.

Daily updates are authorised by the Board of State Street Global Advisors, Australia Services Limited and comply with the fund’s constitution and Australian financial services regulations. Unit holders receive regular updates on NAV, unit counts, and portfolio composition, ensuring transparency and enabling performance tracking relative to the S&P/ASX 50 Index. Prospective investors should consult the fund’s product disclosure statement on the State Street Global Advisors website before investing.

Trademark and Index Licensing Details

The fund’s branding and operations involve licensing agreements with third parties owning intellectual property related to the fund and its underlying index. The State Street SPDR and S&P trademarks are owned by Standard & Poor's Financial Services LLC and licensed to State Street Corporation for fund use. The ASX trademark is owned by ASX Operations Pty Limited and licensed to State Street Global Advisors, Australia Services Limited for listing and trading on the exchange.

These licensing arrangements are standard in the ETF industry, ensuring compliance with trademark holders’ standards. The announcement clarifies that SPDR products are not sponsored, endorsed, sold, or promoted by Standard & Poor's Financial Services LLC, ASX Operations Pty Limited, or other trademark owners, who do not assume liability or provide warranties regarding the fund. This disclaimer highlights the separate legal status of the fund issuer from trademark owners and index providers.

Index Basket Valuation and Creation Unit Economics

The daily update provides detailed valuation of the index basket shares held by the fund and creation unit economics. On 24 July 2026, the index basket shares were valued at $1,925,484.53, representing the aggregate market value of the 50 stocks in the portfolio at market close. This value differs slightly from the NAV per creation unit of $1,925,337.50, with the difference of $147.03 representing the cash component per creation unit.

Creation units represent the minimum tradable blocks for authorised participants and institutional investors to create or redeem ETF units. The NAV per creation unit is calculated by multiplying the NAV per unit by the number of units in a creation unit, typically around 25,000. This mechanism facilitates efficient creation and redemption, helping maintain the ETF’s market price alignment with its NAV through arbitrage. The cash component reflects operational liquidity and settlement procedures supporting these transactions.

Investor Guidance and Fund Features

The State Street SPDR S&P/ASX 50 ETF offers a passive, cost-effective option for investors seeking exposure to Australia’s 50 largest listed companies. As an exchange-traded fund, it provides liquidity and trading flexibility on the ASX during market hours, distinguishing it from traditional managed funds. Its goal is to track the S&P/ASX 50 Index returns before fees and expenses, delivering a transparent and predictable investment aligned with Australia’s blue-chip equities.

Investors should note that daily fund updates reflect NAV and unit positions at market close on specific dates, and actual performance may vary due to market conditions, fees, and tracking accuracy. Regular updates provide timely information on valuation and portfolio composition. Prospective investors are advised to review the product disclosure statement and consider their investment objectives, financial circumstances, and risk tolerance before investing in this or any other fund.