Highlights

  • State Street SPDR S&P/ASX 200 ETF (ASX:STW) closed at AUD 82.02 on 12 November 2026.
  • STW (ASX:STW) aims to closely match the return of the S&P/ASX 200 index before management fees and expenses.
  • State Street reported management costs of 0.
  • The holdings summary dated 11 November 2026 showed BHP at 11.

State Street SPDR S&P/ASX 200 ETF (ASX:STW) is an Australian listed exchange-traded fund seeking to replicate the broad S&P/ASX 200 Equity benchmark rather than operating a conventional trading business. Its units closed at AUD 82.02 on 12 November 2026. Recent fund disclosures show the index-tracking structure, holdings across Australian industries and the costs and distributions associated with this exposure.

How the Australian Index Fund Works

STW (ASX:STW) aims to closely match the return of the S&P/ASX 200 Index before management fees and expenses. The index comprises large, eligible ASX-listed companies selected according to index rules that include free-float-adjusted size and liquidity. The fund uses a replicated approach to index exposure.

Tracking an index does not guarantee identical results. Fund operating expenses, portfolio adjustments, cash holdings and transaction timing can create differences between index and fund returns. The fund is a registered managed Investment scheme, with State Street entities performing the investment-management and responsible-entity functions.

2026 Fund Size, Fees and Distributions

State Street reported management costs of 0.05% per annum for STW (ASX:STW). As of 11 November 2026, the published fund net asset value was AUD 81.96 per unit and Assets under management were approximately AUD 6.838 billion. This net asset value is dated one day before the separately reported 12 November exchange-traded closing price.

The fund follows a quarterly distribution schedule. Cash distributions reflect income and other components attributable to the fund, while trading prices can also move with the underlying share market. A distribution should not be treated as an additional return independent of the corresponding change in the fund’s asset value.

Largest Holdings and Sector Exposure

The holdings summary dated 11 November 2026 showed BHP at 11.07%, Commonwealth Bank at 10.08%, Westpac at 4.60%, ANZ at 4.35% and National Australia Bank at 4.34%. These weights illustrate the benchmark’s exposure to Australian resources and financial companies. Individual weights may change as index prices and constituent eligibility evolve.

STW (ASX:STW) spreads exposure across numerous companies but is not equally weighted. Larger constituents carry greater influence over the portfolio, so a broad index may remain sensitive to developments involving a few highly weighted companies and sectors.

Risks and Upcoming Monitoring Points

The main exposures include Australian equity-market volatility, financial-sector conditions, resource prices, interest-rate developments and changes in corporate earnings. Index Diversification cannot prevent losses during broad market declines. Market trading may also involve a bid-ask spread and brokerage, alongside the published annual management cost.

For STW (ASX:STW), upcoming figures to monitor include monthly factsheets, the latest holdings and net asset value, quarterly distributions and any index rebalancing. Assessing the fund requires separating the benchmark’s movement, the return delivered after costs and the Market Price paid for units.

Key Insights

STW (ASX:STW) provides exposure to the S&P/ASX 200 through a replicated ETF with a stated 0.05% annual management cost. Its latest disclosed holdings reflect sizeable financial and resources allocations, making fund tracking, concentration and distributions the principal ongoing monitoring items.