Statestreet Global Advisors, Australia Services Limited has issued a Supplementary Product Disclosure Statement effective 13 November 2026, disclosing that the management fees and costs for the State Street Blackstone High Income (AUD Hedged) Active ETF (ASX:SBHI) will be reduced from 0.70% per annum to 0.55% per annum of net asset value, with no changes to the fees applicable to the State Street Blackstone Senior Loan (AUD Hedged) Active ETF (ASX:SBSL), which remain at 0.70% per annum.

Key Points

  • Management fees and costs for SBHI reduced from 0.70% to 0.55% per annum of net asset value, effective 13 November 2026
  • The fee reduction is effected through a reduction in the management fee charged at the Underlying Fund level, with no change to fee arrangements at the Australian Fund level
  • SBSL management fees and costs remain unchanged at 0.70% per annum of net asset value
  • Transaction costs for both SBHI and SBSL are estimated at 0.03% per annum of net asset value
  • The SPDS updates the Product Disclosure Statement dated 27 July 2026

Fee Reduction Details for SBHI Effective 13 November 2026

According to the filing, the management fees and costs for the State Street Blackstone High Income (AUD Hedged) Active ETF will be reduced from 0.70% per annum of its net asset value to 0.55% per annum of its net asset value, effective 13 November 2026. The filing states that the reduction is effected through a reduction in the management fee charged at the Underlying Fund level and that no change is made to the fee arrangements at the Australian Fund level. The fees and costs are described as inclusive of GST, net of input tax credits and reduced input tax credits.

SBSL Management Fees and Costs Remain Unchanged

The filing confirms that there are no changes to the management fees and costs for the State Street Blackstone Senior Loan (AUD Hedged) Active ETF, which will remain at 0.70% per annum of its net asset value. Both funds' management fees and costs are charged at the Underlying Fund level, and the filing states that the Responsible Entity and Investment Manager do not intend to charge management fees or recover normal operating expenses at the Australian Fund level. The Responsible Entity may, however, recover extraordinary expenses and certain transactional costs from the Fund.

Updated Fees and Costs Summary in Amended PDS Section

The Supplementary Product Disclosure Statement replaces the last row of the fees table on page 6 and deletes and replaces Section 6 of the original Product Disclosure Statement dated 27 July 2026 in its entirety. The updated fees and costs summary discloses that performance fees are not applicable to either fund. Transaction costs for both SBHI and SBSL are each estimated at 0.03% per annum of net asset value and are paid out of the assets of the respective funds. Establishment, contribution, buy-sell spread, withdrawal, exit, and switching fees are all listed as not applicable for both funds.