State Street Global Advisors, Australia Services Limited (ASX:SBHI), the responsible entity of the State Street® Blackstone High Income (AUD Hedged) Active ETF, has announced a reduction in the Fund's management fee from 0.70% per annum to 0.55% per annum, effective 13 November 2026, accompanied by the publication of a Supplementary Product Disclosure Statement.

Key Points

  • Management fee reduced from 0.70% per annum to 0.55% per annum, effective 13 November 2026
  • A Supplementary Product Disclosure Statement (SPDS) has been published detailing the fee change
  • No action or response is required from unitholders as a result of the change
  • The Fund is listed on the AQUA market of the ASX under the ticker SBHI

Management Fee Reduction Effective 13 November 2026

State Street Global Advisors, Australia Services Limited, acting as responsible entity for the State Street® Blackstone High Income (AUD Hedged) Active ETF (ASX: SBHI), disclosed the management fee change in a filing dated 13 November 2026. The management fee has moved from 0.70% per annum to 0.55% per annum. The change took effect on the same date as the filing. The company published a Supplementary Product Disclosure Statement to reflect the updated fee, which is available on its website. The filing was signed by David Lom, Company Secretary of State Street Global Advisors, Australia Services Limited.

Supplementary Product Disclosure Statement Published

The SPDS published on 13 November 2026 contains information about the Fund's new management fee. According to the filing, unitholders are not required to take any action or provide any response as a result of the fee change. The filing states that full details of the new management fee are included in the SPDS. State Street Global Advisors, Australia Services Limited holds an Australian Financial Services Licence number 274900 and ABN 16 108 671 441, and serves as the issuer of interests and responsible entity for the Fund, which is registered as an Australian managed investment scheme.

Fund Structure and Sub-Adviser Arrangements

According to the filing, the Fund obtains investment exposure to loans and other debt instruments through units in a US-domiciled ETF, referred to as the Underlying Fund. Currency hedging is implemented using rolling one-month forward currency contracts. The Fund is actively managed. Blackstone Liquid Credit Strategies LLC is disclosed as the Sub-Adviser of the Underlying Fund. The filing notes that State Street Global Advisors, Australia Services Limited is not affiliated with Blackstone Liquid Credit Strategies LLC. The Fund's parent entity is State Street Investment Management, the business name for State Street Global Advisors, Australia, Limited.