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.


International

EQUITY

Rules-Based

MANAGEMENT STYLE

30 bp

EXPENSES

$929.1 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorSSgA Funds Management
CategoryInternational
Asset classEquity
Websitelink...
Inception dateJun 04, 2014
Assets (mns)$929
Expense ratio30 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-End Investment Company
DistributionsSemi-Annually
Taxation1099
Stock selectionMulti-Factor
WeightingTiered
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
NOVO NORDISK A/S-B 2.3 %
NESTLE SA-REG 2.3 %
ASML HOLDING NV 2.0 %
NOVARTIS AG 1.9 %
ASTRAZENECA PLC 1.9 %
ROCHE HOLDING LTD 1.9 %
UNILEVER PLC 1.5 %
LVMH MOET HENNESSY LOUIS VUI 1.2 %
SHELL PLC 1.1 %
BHP BILLITON LTD 1.0 %
Constituent Breakdown
Number of holdings656
Herfindahl-Hirschman Index 56
Wgt avg mkt cap (mns)$94,192
Large cap (>$10bn)88.4%
Mid cap ($2-10bn)10.8%
Small cap (<$2bn)0.3%
Developed mkts.100.0%
Emerging mkts.0.1%
Country Exposure
JAPAN 22.0 %
BRITAIN 13.7 %
SWITZERLAND 13.4 %
FRANCE 8.7 %
GERMANY 6.6 %
NETHERLANDS 5.6 %
AUSTRALIA 5.2 %
DENMARK 3.5 %
SPAIN 2.9 %
HONG KONG 2.9 %
Historical Performance


Standardized Performance (as of 05/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 3.1% 13.2% 8.1% 2.1% 7.2% -- 4.7%
Volatility 10.6% 11.8% 15.2% 15.1% 18.6% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.8179%
MSCI EAFE0.9498%
MSCI Emg Mkts0.7666%
Liquidity Measures
Avg. volume (000)57
Turnover0.5%
Avg. Bid/Ask (% of price)0.15%
ADV of underlying (mns)$38,991
Technical Indicators
Recent close$74.93
30d moving avg.$76.00
Annualized volatility16.4%
Relative strength (RSI)55
Short interest (ETF)0.2%
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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Risk and Returns: QEFA vs. Comps (1 YR)

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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 --%
1.2 13.5 1.6 3.6% --
Based on closing prices from 6/18/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

6.7%

Cat. Avg

7.2%

Fund Category: International

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.7%
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 256 funds in the International category, with an average ALTAR Score™ of 7.2% and a standard deviation of 2.4%. QEFA's ALTAR Score™ is approximately 0.2 standard deviations below the category average. This places QEFA in the 42nd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
QEFA
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
Update
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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 .