State Street Global Advisors Announces Distribution for SPDR S&P/ASX 200 ESG Fund - September 2024
SPDR S&P/ASX 200 ESG FUND (E20) Share Update September 2024 Thursday 26th
State Street Global Advisors Announces Distribution for SPDR S&P/ASX 200 ESG Fund
State Street Global Advisors, Australia Services Limited has announced the distribution details for the SPDR S&P/ASX 200 ESG Fund (E200) for the period ending 30 September 2024.
Instant Summary:
- Distribution of 29.7292 cents per unit in cash.
- Additional 9.9672 cents in franking credits and 0.0351 cents in foreign tax credits.
- Units trade ex-distribution from 27 September 2024.
- Distribution payment date is 14 October 2024.
- Distribution Reinvestment Plan is available except for US investors.
Distribution Details
State Street Global Advisors, Australia Services Limited has declared a distribution for the SPDR S&P/ASX 200 ESG Fund (E200) for the period ending 30 September 2024. The distribution amounts to 29.7292 cents per unit in cash, with an additional 9.9672 cents in franking credits and 0.0351 cents in foreign tax credits.
The detailed breakdown of the distribution is as follows:
- Interest (subject to NR WHT): 0.2014%
- Net Dividends Franked: 76.9906%
- Dividend – Un-Franked: 1.6142%
- Conduit Foreign Income: 14.9535%
- Other Income: 4.2857%
- Foreign Income – Other Income: 1.9483%
- Other Non-Assessable Amount: 0.0063%
Important Dates
The record date for this distribution is 30 September 2024. Units will trade ex-distribution from the commencement of trading on 27 September 2024. The distribution will be paid on 14 October 2024.
The primary market for application or redemption will be closed on 27 September 2024 and will reopen from 30 September 2024. Distributions are automatically reinvested unless direct credit to a nominated bank account has been requested. The Distribution Reinvestment Plan is operating for this distribution, but it is not available to US investors.
Tax Information
The SPDR S&P/ASX 200 ESG Fund is declared as a managed investment trust for the purposes of Subdivision 12-H of the Taxation Administration Act 1953 for the income year ending 30 June 2025. This distribution relates to the trust’s year of income ending 30 June 2025.
For the purpose of Section 12-405 of Schedule 1 of the TAA 1953, the 'Fund Payment' portion of the distribution is calculated as the sum of the following components:
- Australian Sourced Income – Other Income
- Capital Gains Taxable Australian Property - Discounted – multiplied by 2
- Capital Gains - Indexation method
- Capital Gains - Other method
This distribution announcement is a positive signal for investors in the SPDR S&P/ASX 200 ESG Fund. The inclusion of franking credits and foreign tax credits adds value to the distribution, enhancing the overall return for investors. The automatic reinvestment option further allows investors to compound their investments without additional effort.
Investor Reaction:
Analysts are likely to view this announcement favorably, as it demonstrates the fund's commitment to providing consistent returns to its investors. The distribution, along with the franking and foreign tax credits, makes the investment more attractive, potentially boosting investor confidence.
Conclusion:
Investors should take note of the key dates and consider the benefits of the Distribution Reinvestment Plan. This announcement underscores the stability and attractiveness of the SPDR S&P/ASX 200 ESG Fund as a reliable investment option. Stay informed and consider how this distribution aligns with your investment strategy.