QUS

SPDR MSCI USA StrategicFactors ETF

QUS tracks an index of US large- and midcap stocks comprising 3 subindexes: value, quality and minimum volatility. The index uses multiple factors to pick stocks, and each subindex receives equal weight.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

1.4 B

ASSETS UNDER MGMT

15 bp

EXPENSES
Fund Basics
Fund sponsorState Street Global Advisors
CategoryUS
Asset classEquity
Websitelink...
Inception dateApr 15, 2015
Assets (mns)$1,414
Expense ratio15 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  + 
APPLE INC 3.3 %
MICROSOFT CORP 2.9 %
ELI LILLY & CO 2.4 %
META PLATFORMS INC 2.4 %
NVIDIA CORP 2.3 %
UNITEDHEALTH GROUP INC 2.2 %
VISA INC. CLASS A 1.8 %
JOHNSON & JOHNSON 1.8 %
MASTERCARD INCORPORATED CLASS A 1.6 %
COSTCO WHOLESALE CORP 1.3 %
Constituent Breakdown
Number of holdings588
Herfindahl-Hirschman Index 85
Wgt avg mkt cap (mns)$489,595
Large cap (>$10bn)99.2%
Mid cap ($2-10bn)0.6%
Small cap (<$2bn)0.0%
Developed mkts.99.9%
Emerging mkts.0.1%
Country Exposure
UNITED STATES 94.4 %
IRELAND 2.0 %
SWITZERLAND 1.0 %
BERMUDA 0.6 %
CANADA 0.5 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 16.1% 28.2% 24.5% 10.2% 13.3% -- 12.5%
Volatility 9.2% 9.8% 14.9% 15.3% 19.9% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.9099%
MSCI EAFE0.8280%
MSCI Emg Mkts0.6243%
Liquidity Measures
Avg. volume (000)16
Turnover0.2%
Avg. Bid/Ask (% of price)0.06%
ADV of underlying (mns)$240,682
Technical Indicators
Recent close$157.46
30d moving avg.$155.06
Annualized volatility16.1%
Relative strength (RSI)60
Short interest (ETF)0.1%
Short interest (underlying)1.6%
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: QUS 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 -- -- -- -- -- -- --
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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 --%
2.1 19.0 3.4 1.6% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
QUS



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 Rating

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.

ALTAR Score™

QUS

5.7%

Cat. Avg

5.6%


ALTAR Score™ Calculation

Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.4%. QUS's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places QUS in the 52nd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

QUS
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
QUS (15 bp) Percentile rank 17
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
QUS 15.0 5.6 20.6
Peer Avg. 29.9 13.7 43.6
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .