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SPDR S&P/ASX 200 FUND (STW)

SPDR S&P/ASX 200 FUND (STW)

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General Information
Company Name: SPDR S&P/ASX 200 Fund
Stock Code: STW
Website: www.spdr.com.au
GICS Sub-Industry: Other Diversified Financial Services
Market Cap ($M): 1,969
Equiv. Shares (M): 52

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 38.210 $ 38.500 $ 38.640 $ 38.180 $ 38.500 372,851 $ -0.290  -0.753 %

Company Overview

Business Description:
SPDR S&P/ASX 200 Fund (STW) is an exchange-traded fund (ETF) that offers index exposure to the S&P/ASX 200 Accumulation Index. The responsible entity of STW for the fund is State Street Global Advisors, Australia Services Limited (SSgA).

Strategy Analysis:
The Fund employs a passive investment strategy, investing in securities comprising the S&P/ASX 200 Accumulation Index in proportion to their relative weightings. The Fund may hold derivative contracts (such as forwards, futures, options and swaps over securities in the Index) if the investment manager believes that the Fund's investment objective can be better achieved by doing so. Derivatives will only be used for trading purposes (such as hedging to protect an asset in the Fund against fluctuation or as a substitution for trading physical securities), and not for the purpose of gearing the Fund..


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A 275.1 530.8 68.8 8.3 175.8 4.0 51.4
2010  A 180.7 314.4 -- 13.8 135.2 3.1 71.3
2009  A -153.7 -398.7 -- 0.0 182.0 4.8 57.7
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F
Challenger (CGF) $1,847 M 0.1261 0.0374 0.0473 7.0270 6.7735 6.4677 0.0488 0.0524 0.0568
IOOF (IFL) $1,273 M 0.1448 -0.0970 0.1136 11.5273 12.7650 11.4629 0.0776 0.0704 0.0738
Macquarie Group (MQG) $9,112 M -0.2667 0.2384 0.2555 12.9214 10.4339 8.3105 0.0536 0.0588 0.0713
Platinum Asset Mgmt (PTM) $2,139 M 0.1281 -0.1448 0.0133 14.4757 16.9258 16.7032 0.0656 0.0528 0.0557
SPDR S&P/ASX 200 Fund (STW) $1,984 M 0.6884 -- -- 7.2539 -- -- 0.0457 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
STW -- 7.20 -- --
Market 1.12 11.1 0.96 2.31
Sector 0.94 12.3 0.82 3.30

Directors
Name Position Start Date
Mr Robert Charles Goodlad Non-Executive Director 01 August 2005
Mr Jonathan M Shead Non-Executive Director 01 August 2007
Mr Michael Nairn Non-Executive Director 24 November 2009

Management
Name Position
Phillip Maher Company Secretary

Substantial Shareholders
Holding Name
2,763,733 (5.30%) J P Morgan Nominees Australia Limited

Calendar of Events
Date Event
15 February 2013 Report (Interim)
23 August 2012 Report (Prelim)
23 August 2012 Report (Annual)
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