State Street SPDR S&P/ASX 50 ETF Maintains $723 Million AUM with Stable Holdings as of July 27, 2026

Overview of the State Street SPDR S&P/ASX 50 ETF’s Structure and Investment Objective

The State Street SPDR S&P/ASX 50 ETF (SFY) is an exchange-traded fund designed to provide investors with exposure to Australia’s 50 largest companies by market capitalisation. Managed and issued by State Street Global Advisors, Australia Services Limited, which holds an Australian Financial Services Licence (AFSL Number 274900), the ETF operates as a managed investment scheme listed on the AQUA market of the ASX. It offers investors diversified Australian equity exposure through a single security.

The fund’s strategy involves holding a representative sample of the S&P/ASX 50 Index constituents. By tracking this index, the ETF aims to deliver performance closely aligned with Australia’s largest-capitalisation companies across sectors such as financial services, resources, energy, retail, and telecommunications. The daily fund update provides essential insights for current and prospective investors regarding the fund’s composition and valuation on any trading day.

Fund Valuation and Net Asset Value as of 27 July 2026

At market close on 27 July 2026, the State Street SPDR S&P/ASX 50 ETF reported a net asset value per unit of $78.00. The net asset value per Creation Unit — the minimum tradable application and redemption block — was $1,949,877.50. These figures underpin the fund’s issue prices, redemption amounts, and trading values. The total net asset value of the ETF stood at approximately $723.1 million, reflecting the aggregate value of all units multiplied by the per-unit net asset value.

The valuation is based on the underlying index basket shares held, valued at $1,950,057.79 per Creation Unit as of 27 July 2026. Additionally, a cash component of $180.29 per Creation Unit is maintained to support fund operations, representing the difference between the net asset value per Creation Unit and the direct value of the index basket shares. This cash balance facilitates daily cash flow management related to investor applications and redemptions.

Index Basket Composition and Sector Concentrations

The ETF holds shares in 50 Australian-listed companies, reflecting significant exposure to the country’s largest blue-chip firms. The portfolio spans sectors including financial services, resources, energy, consumer discretionary, consumer staples, industrials, and telecommunications. The fund’s banking sector exposure is concentrated in Commonwealth Bank of Australia, National Australia Bank, Westpac Banking Corporation, and ANZ Group Holdings, which collectively represent a substantial portion of the asset base.

The resources and energy sectors are also prominent, with key holdings in BHP Group, Rio Tinto, Fortescue, South32, Santos, Woodside Energy Group, and Lynas Rare Earths. Retail exposure includes Woolworths Group, Wesfarmers, and Coles Group, while infrastructure and industrial companies such as Transurban Group and Brambles are also significant holdings. The fund further includes telecommunications exposure via Telstra Group, healthcare through Commonwealth Bank and health services providers, and insurance companies like QBE Insurance Group and Insurance Australia Group, offering broad coverage of Australia’s largest publicly traded enterprises.

Unit Issuance and Creation Unit Process

The ETF operates using a Creation Unit structure that enables efficient issuance and redemption of units. A Creation Unit consists of a specified number of units transacted as a single block, facilitating dealings between the fund and authorised participants such as market makers and institutional investors. The daily update outlines the number of index basket shares per Creation Unit for each of the 50 constituents, ensuring transparency around the fund’s exact holdings.

As of 27 July 2026, the fund had 9,271,258 units on issue, representing total investor holdings. The daily update confirms no new applications or redemptions occurred on that date, leaving the unit count unchanged. This data is calculated in line with the ETF’s Constitution and provides investors with clarity on the fund’s size and participation levels on any trading day.

Daily Trading Activity and Fund Stability

The daily update for 27 July 2026 shows no new applications or redemptions, with units on issue steady at 9,271,258. This stability indicates consistent investor participation throughout the trading day. Although secondary market trading volumes are not disclosed, the unchanged unit base suggests no new investor inflows or outflows through the creation/redemption process on this date.

Maintaining a stable unit base supports the fund’s operational continuity and consistent tracking of the S&P/ASX 50 Index. Daily fluctuations in applications and redemptions are typical for ETFs, reflecting investor activity driven by market conditions and investment goals. The Creation Unit mechanism allows the fund to adjust its size responsively while preserving its index-tracking integrity.

State Street Global Advisors’ Role as Issuer and Responsible Entity

State Street Global Advisors, Australia Services Limited serves as both issuer and Responsible Entity for the ETF, overseeing management and governance. Registered with the Australian Securities and Investments Authority (ASIC) under AFSL Number 274900 and Australian Business Number 16 108 671 441, the Responsible Entity is located at Level 14, 420 George Street, Sydney, NSW 2000. It operates under regulatory oversight to ensure compliance with managed investment scheme legislation and the ETF’s constitution.

Part of State Street Corporation — a leading global financial services firm specialising in asset servicing, management, and research — State Street Global Advisors is tasked with ensuring the fund operates in accordance with its constitution, manages conflicts of interest, maintains robust systems and controls, and provides timely, accurate reporting to investors and regulators. Responsibilities include processing applications and redemptions, calculating net asset values, and preparing financial disclosures.

Sector Exposure and Economic Representation

The ETF offers broad exposure to Australia’s key economic sectors via its 50-stock portfolio. Financial services, dominated by the major banks and complemented by insurance and diversified financial companies, constitute the largest sector allocation. Resources and energy holdings provide exposure to global commodity markets through integrated miners, iron ore and lithium producers, and energy companies focused on liquefied natural gas and oil and gas production. These sectors reflect the structural importance of banking, mining, and energy to the Australian economy and equity market.

Consumer discretionary and staples sectors are represented by leading retailers and diversified consumer companies, offering insight into domestic spending and consumer confidence. Infrastructure exposure comes through companies like Transurban Group, while telecommunications and utilities holdings such as Telstra Group and Origin Energy provide access to essential services with stable revenues. This diversified sector mix enables investors to benefit from the broader economic drivers shaping Australia’s market landscape.

Investor Guidance and Importance of Daily Fund Updates

The daily fund update from State Street Global Advisors is a vital transparency tool for investors in the State Street SPDR S&P/ASX 50 ETF. Disclosure of net asset value per unit, total assets under management, and the underlying index basket composition allows investors to monitor their holdings and understand current market valuations. Regular publication of these details helps track the fund’s performance relative to the S&P/ASX 50 Index over time.

Prospective investors should review the Product Disclosure Statement (PDS) available at www.ssga.com before investing. While the daily update provides operational insights, it does not constitute financial advice or a recommendation to buy or sell units. Investors should consider their own financial objectives, risk tolerance, and circumstances when evaluating the ETF. The fund’s diversified portfolio of 50 blue-chip stocks offers broad market exposure with reduced concentration risk, making it a potential core holding for Australian equity investors.

Regulatory Framework and Fund Governance

The ETF operates under Australia’s managed investment scheme regulations, supervised by the Australian Securities and Investments Authority (ASIC). As a listed managed investment scheme on the ASX, it is subject to continuous disclosure requirements mandating timely release of material information. The daily fund update forms part of this disclosure, providing current valuation and composition data. The fund’s constitution and the Responsible Entity’s duties under the Corporations Act 2001 (Cth) establish the legal governance framework and investor protections.

State Street Global Advisors, Australia Services Limited must maintain systems to ensure accurate net asset value calculations and disclosures and manage conflicts of interest. The Responsible Entity keeps detailed records of all transactions, maintains segregated accounts for fund assets, and issues annual financial reports to investors. The daily update is prepared in accordance with the fund’s constitution, reflecting values as at market close on the specified trade date to provide consistent, up-to-date information.

Index Tracking Approach and Constituent Selection

The ETF tracks the S&P/ASX 50 Index, calculated and maintained by Standard & Poor’s Financial Services LLC under license. This index includes the 50 largest-capitalisation companies listed on the Australian Securities Exchange, offering exposure to Australia’s most significant publicly traded companies. Constituent selection is based on market capitalisation with periodic rebalancing to ensure the index reflects the top 50 companies at all times. The ETF’s holdings mirror these constituents to closely replicate index performance.

The daily update details the number of shares held in each of the 50 index constituents, enabling investors and market participants to verify the fund’s exact tracking composition. This transparency allows assessment of concentration risks and sector allocations. Unlike active management, the fund does not attempt to outperform the index through stock selection or market timing but aims to deliver returns closely aligned with the S&P/ASX 50 Index before fees and expenses.