PRINCIPAL ACTIVITY
SPDR S&P/ASX 200 Fund (STW, formerly Street TRACKS S&P/ASX 200 Fund) is an
investment fund that tracks one of the three chosen S&P/ASX Indexes. The
responsible entity for the fund is State Street Global Advisers, Australia
Services Limited.
INVESTMENT STRATEGY: STW employs a passive management strategy designed to track
the performance of the corresponding Index. A Fund generally invests in the
securities comprising the Index in proportion to their relative weightings in
the Index. The Investment Manager may cause the Funds to hold derivatives
contracts from time to time (e.g. futures contracts and options over securities
comprising the relevant Index) and other investments that do not form part of
the Index. This may occur where the Investment Manager believes that a Fund’s
investment objective can better be achieved by doing so. For example,
derivatives may be used where direct investment in a particular security is not
possible or practical. Derivatives will only be used in limited circumstances
and will not be used to gear the Funds. All of the Funds may engage in
securities lending from time to time. Three funds available are SPDR 50 (tracks
S&P/ASX 50 Index), SPDR 200 (tracks S&P/ASX 200 Index) and SPDR LPF (tracks
S&P/ASX 200 Listed Property Trust Index).