State Street Global Advisors, Australia Services Limited (ASX:SBH) has issued a Supplementary Product Disclosure Statement reducing the management fees and costs for the State Street® Blackstone High Income (AUD Hedged) Active ETF (ASX code: SBHI) from 0.70% per annum to 0.55% per annum of net asset value, effective 13 November 2026.

Key Points

  • Management fees and costs for SBHI reduced from 0.70% per annum 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
  • Management fees and costs for SBSL 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

SBHI Management Fee Reduction Details

According to the filing, the Supplementary Product Disclosure Statement updates the Product Disclosure Statement dated 27 July 2026, issued by State Street Global Advisors, Australia Services Limited (ABN 16 108 671 441, AFSL 274900). The management fees and costs for the State Street® Blackstone High Income (AUD Hedged) Active ETF (ARSN 697 147 238) are reduced from 0.70% per annum to 0.55% per annum of net asset value. The filing states this reduction is effected through a reduction in the management fee charged at the Underlying Fund level, with no changes made to fee arrangements at the Fund level.

SBSL Fees and Costs 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 (ASX code: SBSL, ARSN 697 146 517), which will continue to be charged at 0.70% per annum of net asset value. Both funds carry estimated transaction costs of 0.03% per annum of net asset value. The filing states that performance fees are not applicable to either fund, and that establishment, contribution, withdrawal, exit, and switching fees are also not applicable.

Fund-Level Fee Arrangements and Investor Notice Obligations

The filing states that the Responsible Entity and the Investment Manager do not intend to charge management fees or recover normal operating expenses at the Australian Fund level, with management fees and normal operating expenses paid at the Underlying Fund level. The Responsible Entity may, however, recover extraordinary expenses and certain transactional costs from the Fund. The filing further states that if the position on Fund-level fees changes, at least 30 days' prior notice will be provided to investors. The Management Fees and Costs figures presented assume 100% of each Fund's net assets are invested in an Underlying Fund.