Highlights

  • SLF seeks to track the S&P/ASX 200 A-REIT index before fees and expenses.
  • The sector allocation was entirely real estate, with 20 holdings listed in the portfolio.
  • Goodman Group accounted for 38.11%, while the top ten positions represented 88.83%.
  • Management fees and costs were listed at 0.16%, with fund size of AUD 476.75 million.

State Street SPDR S&P/ASX 200 Listed Property ETF (ASX:SLF) provides exposure to Australian listed property through the S&P/ASX 200 A-REIT Index. It seeks to track the benchmark before fees and expenses. At the time of writing on 6 November 2026, SLF was trading at AUD 12.12. The portfolio holds listed property securities, with a substantial Goodman Group position and additional exposure to major Australian property groups.

Listed securities provide the property exposure

SLF offers property exposure through exchange-traded securities rather than direct ownership of an individual building by the ETF investor. The value of those securities can be affected by property operations, financing, asset valuations and share market conditions. Its real estate mandate is consequently a focused sector allocation rather than a broad Equity portfolio.

The sector breakdown was entirely real estate, while the asset allocation showed 98.54% equities and 1.46% cash. Geographic exposure was reported as entirely Australian. These classifications describe the portfolio structure and do not imply that every asset or Business activity of an underlying group is located within Australia.

Goodman Group dominates the leading positions

Goodman Group was the largest holding at 38.11%, followed by Scentre Group at 12.53%, Stockland at 7.18% and Vicinity Centres at 6.38%. Charter Hall represented 6.11%, GPT Group 6.00%, Mirvac 5.00% and Dexus 4.22%. Region Group and BWP Group completed the ten largest positions.

The top ten accounted for 88.83% of the portfolio, which listed 20 holdings. This concentration gives the largest property groups substantial influence over the fund. A range of issuers spreads some company-specific exposure, but common financing and property market conditions may affect several holdings at the same time.

Company size costs and scheduled distributions

Companies above AUD 1 billion represented 90.90% of the Market Capitalisation breakdown, with 9.10% in the AUD 500 million to AUD 1 billion band. Management fees and costs were listed at 0.16%. These features accompany a portfolio concentrated in larger listed property businesses.

The interim distribution was AUD 0.073 per unit, with an ex-distribution date of 29 September 2026 and a Record Date of 30 September. Payment was scheduled for 30 November 2026. Future distribution amounts can vary. Interest Rate changes, refinancing conditions, occupancy and valuation movements can affect underlying property businesses and the Market Value of their listed securities.

Key Insights

SLF offers targeted Australian listed property exposure with a pronounced Goodman Group weighting. Its company count and leading positions show that a sector portfolio can remain highly concentrated. The listed structure also means property exposure is accompanied by share market and financing risks.