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State Street Global Advisors has published its latest daily update for the State Street SPDR S&P/ASX 50 ETF (SFY), revealing total net assets of $714 million as of 21 July 2026. This exchange-traded fund, which mirrors the S&P/ASX 50 Index, encompasses 50 of Australia’s largest and most liquid companies across diverse sectors. The update offers investors detailed insights into the fund’s holdings, valuation metrics, and unit structure as market participants track Australia’s premier equity companies.
Key Highlights
- State Street SPDR S&P/ASX 50 ETF (SFY) reported a net asset value of $714,012,035.02 as of 21 July 2026
- The fund has 9,271,258 units outstanding with a net asset value per unit of $77.01
- The ETF includes 50 major Australian stocks such as Commonwealth Bank, BHP Group, NAB, Telstra, and Westpac
- No creation or redemption activity occurred on the reporting date
- Fund holdings provide diversified exposure to financials, materials, energy, retail, and infrastructure sectors
Overview of the State Street SPDR S&P/ASX 50 ETF Structure and Market Role
The State Street SPDR S&P/ASX 50 ETF is an Australian registered managed investment scheme overseen by State Street Global Advisors, Australia Services Limited, which holds an Australian Financial Services Licence (AFSL 274900). Listed on the ASX under ticker SFY and quoted on the AQUA market, this ETF offers investors a single security providing direct access to the top 50 companies by market capitalisation on the Australian Securities Exchange. This structure eliminates the need for investors to buy individual shares of each constituent company.
The ETF operates using a creation and redemption mechanism typical of ETFs, supporting efficient portfolio management and liquidity. State Street Global Advisors functions as both issuer and Responsible Entity, managing assets in line with the fund’s constitution and regulatory standards. The daily fund update dated 20 July 2026 enhances transparency for unitholders and market participants by detailing the fund’s net asset value, composition, and trading activity, enabling informed investment decisions regarding exposure to Australia’s leading equities.
Fund Valuation and Unit Pricing as of 21 July 2026
On 21 July 2026, the State Street SPDR S&P/ASX 50 ETF reported a net asset value per unit of $77.01. This figure serves as the issue price for new unit applications and the redemption price for withdrawals, calculated according to the fund’s constitution. The net asset value per creation unit—typically used by institutional investors—was $1,925,337.50, while the total fund net asset value was $714,012,035.02. These valuations reflect market close prices on the ASX for the trade date 20 July 2026.
The update also noted a negative cash component of $146.68 per creation unit, representing the difference between the net asset value per creation unit and the index basket share value. This cash adjustment accounts for operational needs and timing differences between cash and equity holdings. State Street’s valuation approach ensures the per-unit price accurately reflects the underlying value of the 50 constituent companies, adjusted for cash balances and expenses, providing investors with a transparent assessment of their investment’s market value.
Fund Composition: Exposure to Australia’s Top 50 Blue-Chip Companies
The State Street SPDR S&P/ASX 50 ETF offers broad exposure to Australia’s largest and most liquid companies across key sectors. The fund’s holdings cover financial services, materials, energy, consumer discretionary, healthcare, and infrastructure industries. Key holdings include Commonwealth Bank of Australia (1,504 shares), National Australia Bank (2,757 shares), Westpac Banking Corporation (3,074 shares), Telstra Group Limited (10,056 shares), and Wesfarmers Limited (1,020 shares). These prominent financial and retail companies represent a significant share of Australia’s market capitalisation and trading volume.
Materials and resources exposure includes BHP Group (4,567 shares), Rio Tinto Limited (334 shares), Fortescue Limited (1,494 shares), and South32 Limited (4,032 shares), providing access to Australia’s mining sector. Energy holdings feature Santos Limited (2,919 shares), Woodside Energy Group Limited (1,708 shares), and Origin Energy Limited (1,548 shares). Healthcare and industrials are represented by Cochlear Limited (59 shares), ResMed Inc CDI (511 shares), and Sonic Healthcare Limited (444 shares). Infrastructure exposure comes from Transurban Group (2,804 shares) and GPT Group (1,721 shares), rounding out the fund’s diversified portfolio of 50 stocks.
Daily Creation and Redemption Activity Indicates Market Stability
The daily update for 21 July 2026 reported zero applications and zero redemptions, with units on issue remaining steady at 9,271,258. This lack of net creation or redemption activity suggests stable investor demand for the ETF’s S&P/ASX 50 exposure on that day. While zero activity is not unusual for ETFs on any given day, it reflects equilibrium between supply and demand at that time.
The unchanged unit count means the fund’s net asset value of $714,012,035.02 remained stable from an issuance perspective during the reporting period. Daily fluctuations in total net asset value primarily result from changes in the market prices of the 50 underlying shares rather than unit issuance or redemption. This stability is typical for established ETFs tracking major indices, where market value changes in holdings drive net asset value variations.
Sector Diversification and Economic Exposure via Fund Holdings
The State Street SPDR S&P/ASX 50 ETF provides significant exposure to sectors driving the Australian economy. Financial services dominate through major banks and financial institutions, underscoring the sector’s economic importance. Materials and resources holdings offer substantial exposure to mining companies that contribute heavily to export revenues and are sensitive to global commodity trends. This dual focus reflects the Australian market’s historical structure and economic reliance on these sectors.
Infrastructure exposure includes companies like Transurban, which operates key toll roads and is sensitive to economic activity levels. Energy sector investments in Santos and Woodside Energy provide market participation in oil, gas, and energy transition initiatives. Consumer staples such as Woolworths Group and Coles Group offer insight into domestic consumption trends, while healthcare companies like CSL Limited and Cochlear represent Australia’s pharmaceutical and medical device industries. This wide sector representation allows investors to access multiple drivers of economic growth and cyclical recovery in Australia.
ETF Regulatory Framework and Compliance Under ASIC Oversight
The State Street SPDR S&P/ASX 50 ETF operates under a robust regulatory framework governed by Australian financial services laws. State Street Global Advisors, Australia Services Limited holds AFSL 274900 and is registered with ASIC to manage and issue the fund. The ETF is an Australian registered managed investment scheme with units quoted on the ASX AQUA market and eligible for main board listing. This structure ensures compliance with managed investment scheme regulations, continuous disclosure, and investor protection requirements mandated by ASIC.
The fund’s constitution defines rules for net asset value calculation, unit creation and redemption conditions, fee structures, and the Responsible Entity’s duties. The daily fund update exemplifies the fund’s commitment to transparency and ongoing disclosure to unitholders and the market. State Street’s dual role as Responsible Entity and administrator provides clear accountability and unified management. Investors are encouraged to review the product disclosure statement available on State Street’s website for comprehensive details on fees, risks, and investment objectives before investing.
Index Tracking and Replication Strategy
The State Street SPDR S&P/ASX 50 ETF tracks the S&P/ASX 50 Index, a leading Australian equity benchmark comprising the top 50 companies by market capitalisation and liquidity on the ASX. The fund seeks to replicate index performance by holding all 50 constituent shares in proportions matching their index weights. As of 20 July 2026, the index basket value was $1,925,484.18, representing the aggregate value of all constituent shares. This direct share ownership approach, rather than using derivatives or sampling, aligns with State Street’s SPDR product methodology.
Valuation involves assessing market prices of all 50 shares at ASX close daily, adjusted for cash positions and operational factors. Index basket share quantities are periodically updated to reflect changes in index composition due to market capitalisation or liquidity shifts. This replication method ensures the fund closely tracks the index’s performance before fees and expenses, providing investors a transparent, efficient way to access Australia’s top 50 companies without managing a diversified portfolio themselves.
Investor Guidance and Disclosure Information
State Street Global Advisors stresses that the daily fund update is for general informational purposes and does not constitute personalized financial advice. Investors should evaluate the fund’s suitability based on their individual investment goals, financial situation, and needs. The product disclosure statement, available at www.ssga.com, offers detailed information on fund features, risks, fees, and performance, and should be reviewed prior to acquiring or holding units. This advisory aligns with regulatory requirements for financial services providers to disclose the general nature of information in routine updates.
The daily update primarily provides transparency on the fund’s valuation, composition, and unit structure at specific reporting dates. Unitholders and market participants can use this data to monitor net asset value, understand current holdings, and make informed decisions about S&P/ASX 50 exposure. Availability of daily information alongside ASX trading activity enhances investor confidence in fund management and pricing. However, past performance, fund composition, or daily valuations do not guarantee future returns, as market, economic, and company-specific factors may affect fund results.
Trademark Licenses and Market Disclaimers
The State Street SPDR S&P/ASX 50 ETF operates under licensed trademark and index agreements that govern the fund’s branding and methodology. The SPDR trademark and Standard & Poor’s S&P indices are registered trademarks owned by Standard & Poor’s Financial Services LLC, licensed to State Street Corporation. The ASX trademark is owned by ASX Operations Pty Limited and licensed to State Street Global Advisors, Australia Services Limited for fund use. These licenses ensure marketing and documentation comply with trademark owner requirements.
State Street’s disclosures clarify that SPDR products are not sponsored, endorsed, sold, or promoted by Standard & Poor’s Financial Services LLC, ASX Operations Pty Limited, or other trademark holders. These entities disclaim liability and make no representation regarding the advisability of buying, selling, or holding fund units. This legal framework protects index and trademark owners from liability and separates index providers from the fund’s management. Investors should understand that State Street Global Advisors independently manages fund performance apart from index providers.
