State Street Global Advisors distribution announcement

State Street Global Advisors, Australia Services Limited has announced the distribution details for the SPDR S&P/ASX 50 Fund (ASX: SFY) for the period ending 31 December 2024. Investors will receive a total distribution of 82.2915 cents per unit, which includes franking credits of 27.9735 cents and foreign tax credits of 0.0496 cents.

Key highlights and future outlook of SPDR fund distribution

State Street Global Advisors has outlined the distribution components for the SPDR S&P/ASX 50 Fund, emphasizing a significant portion in franked dividends. The distribution reflects a diversified income strategy with net dividends franked at 75.4603%, supported by conduit foreign income and other non-assessable amounts. Key dates for investors include a record date of 31 December 2024 and a payment date of 13 January 2025. While the Distribution Reinvestment Plan is available, it excludes U.S. investors. The fund is a managed investment trust for the income year ending 30 June 2025, providing structured returns to unit holders. Investors are advised to review relevant documents and seek professional advice to align with their financial circumstances.

Executive commentary from State Street Global Advisors

The fund's distribution strategy aims to provide investors with a mix of income and tax advantages, offering a balanced approach to investment returns through franked dividends and other income streams.