QEFA
SPDR MSCI EAFE StrategicFactors ETF
The SPDR MSCI EAFE Quality Mix ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to provide investment results that before fees and expenses, correspond generally to the price and yield performance of the MSCI EAFE Quality Mix Index.
Fund Basics
Fund sponsor | SSgA Funds Management |
Category | International Equities |
Asset class | Equity |
Website | link... |
Inception date | Jun 04, 2014 |
Assets (mns) | $932 |
Expense ratio | 30 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-End Investment Company |
Distributions | Semi-Annually |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
ASML HOLDING NV | 2.3 % |
NOVO NORDISK A/S-B | 2.3 % |
NESTLE SA-REG | 2.1 % |
ASTRAZENECA PLC | 1.7 % |
NOVARTIS AG | 1.7 % |
ROCHE HOLDING LTD | 1.6 % |
LVMH MOET HENNESSY LOUIS VUI | 1.4 % |
UNILEVER PLC | 1.3 % |
BHP BILLITON LTD | 1.1 % |
ZURICH FINANCIAL SERVICES AG | 1.0 % |
Constituent Breakdown
Number of holdings | 664 |
Herfindahl-Hirschman Index | 54 |
Wgt avg mkt cap (mns) | $92,154 |
Large cap (>$10bn) | 87.6% |
Mid cap ($2-10bn) | 12.0% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
JAPAN | 22.4 % | |
SWITZERLAND | 12.8 % | |
BRITAIN | 12.7 % | |
FRANCE | 8.7 % | |
GERMANY | 6.5 % | |
AUSTRALIA | 5.7 % | |
NETHERLANDS | 5.7 % | |
DENMARK | 3.6 % | |
HONG KONG | 3.2 % | |
SPAIN | 2.8 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
1.5% | 10.1% | 4.4% | 3.8% | 6.3% | -- | 4.6% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.80 | 76% |
MSCI EAFE | 0.94 | 98% |
MSCI Emg Mkts | 0.75 | 67% |
Liquidity Measures
Avg. volume (000) | 43 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.15% |
ADV of underlying (mns) | $46,274 |
Technical Indicators
Recent close | $72.83 |
30d moving avg. | $69.74 |
Annualized volatility | 16.3% |
Relative strength (RSI) | 66 |
Short interest (ETF) | 0.5% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. QEFA |
Expenses vs. QEFA |
ALTAR Score™ vs. QEFA |
---|---|---|---|---|
EFA | iShares MSCI EAFE ETF | 69.7% | +5 bp | -0.5% |
DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 68.8% | +6 bp | -0.5% |
GSID | Goldman Sachs MarketBeta International Equity ETF | 66.7% | -10 bp | -0.2% |
EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 65.9% | -10 bp | -0.6% |
HFXI | IQ FTSE International Equity Currency Neutral ETF | 64.8% | -10 bp | -0.1% |
IEFA | iShares Core MSCI EAFE ETF | 63.5% | -23 bp | -4.2% |
BKIE | BNY Mellon International Equity ETF | 62.1% | -26 bp | +0.0% |
JHMD | John Hancock Multifactor Developed International ETF | 59.8% | +9 bp | +0.5% |
GSIE | Goldman Sachs ActiveBeta International Equity ETF | 59.5% | -5 bp | +0.6% |
IDEV | iShares Core MSCI International Developed Markets ETF | 58.8% | -26 bp | -0.2% |
Risk and Returns: QEFA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 4/18/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
QEFA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
QEFA
7.0%
Cat. Avg
7.3%
Fund Category: International Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 7.0% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 257 funds in the International Equities category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. QEFA's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places QEFA in the 45th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
QEFA
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
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Bid/Ask Spread | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
QEFA | 30.0 | 15.4 | 45.4 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .