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Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

SPDR MSCI EAFE StrategicFactors ETF

QEFA | ETF

$74.78

$961 M

3.64%

$2.72

0.30%

Vitals

YTD Return

4.1%

1 yr return

9.9%

3 Yr Avg Return

2.0%

5 Yr Avg Return

5.4%

Net Assets

$961 M

Holdings in Top 10

19.1%

52 WEEK LOW AND HIGH

$74.5
$70.30
$81.31

Expenses

OPERATING FEES

Expense Ratio 0.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 13.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

SPDR MSCI EAFE StrategicFactors ETF

QEFA | ETF

$74.78

$961 M

3.64%

$2.72

0.30%

QEFA - Profile

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 5.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.65%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    SPDR MSCI EAFE StrategicFactors ETF
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    Jun 04, 2014
  • Shares Outstanding
    12350000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Feehily

Fund Description

In seeking to track the performance of the MSCI EAFE Factor Mix A-Series Index (the “Index”), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. Instead, the Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The quantity of holdings in the Fund will be based on a number of factors, including asset size of the Fund. Based on its analysis of these factors, SSGA Funds Management, Inc. (“SSGA FM” or the “Adviser”), the investment adviser to the Fund, either may invest the Fund's assets in a subset of securities in the Index or may invest the Fund's assets in substantially all of the securities represented in the Index in approximately the same proportions as the Index, as determined by the Adviser to be in the best interest of the Fund in pursuing its objective. The Fund is classified as “diversified” under the Investment Company Act of 1940, as amended; however, the Fund may become “non-diversified” solely as a result of tracking the Index (e.g., changes in weightings of one or more component securities).  When the Fund is non-diversified, it may invest a relatively high percentage of its assets in a limited number of issuers.
Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index and in depositary receipts (including American Depositary Receipts (“ADRs”) or Global Depositary Receipts (“GDRs”)) based on securities comprising the Index. In addition, in seeking to track the Index, the Fund may invest in equity securities that are not included in the Index (including common stock, preferred stock, depositary receipts and shares of other investment companies), cash and cash equivalents or money market
instruments, such as repurchase agreements and money market funds (including money market funds advised by the Adviser). In seeking to track the Index, the Fund's assets may be concentrated in an industry or group of industries, but only to the extent that the Index concentrates in a particular industry or group of industries. Futures contracts (a type of derivative instrument) may be used by the Fund in seeking performance that corresponds to the Index and in managing cash flows.
The Index captures large- and mid-cap representation across 21 developed market Europe, Australasia, and Far East “EAFE”) countries and aims to represent the performance of value, low volatility, and quality factor strategies. The Index is an equal weighted combination of the following three MSCI Factor Indices in a single composite index: the MSCI EAFE Value Weighted Index, the MSCI EAFE Minimum Volatility Index, and the MSCI EAFE Quality Index (each, a “Component Index”). The MSCI EAFE Value Weighted Index includes large- and mid-cap stocks across developed markets countries, excluding the U.S. and Canada, weighted to emphasize stocks with lower valuations. The MSCI EAFE Minimum Volatility Index aims to reflect the performance characteristics of a minimum variance strategy applied to the large- and mid-cap equity universe across developed markets countries, excluding the U.S. and Canada, weighted for exposure to the lowest absolute risk within a given set of restraints. The MSCI EAFE Quality Index includes large- and mid-cap stocks across developed markets countries, excluding the U.S. and Canada, weighted to emphasize companies with historically high return on equity, stable year-over-year earnings per share growth, and low financial leverage. Each Component Index is attributed equal weight (1/3) at each rebalancing. All constituents of each Component Index are included in the Index. The weight of each security in the Index is determined based on 1) the security's weight in each underlying Component Index; and 2) the weight of each underlying Component Index in the Index. The Index is rebalanced semi-annually, usually as of the close of the last business day of May and November, coinciding with the semi-annual index reviews of each Component Index. As of November 30, 2023, a significant portion of the Fund comprised companies in the health care and financial sectors, although this may change from time to time. As of November 30, 2023, countries represented in the Fund included Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. As of November 30, 2023, a significant portion of the Fund comprised companies located in Europe, Japan and the United Kingdom, although this may change from time to time. As of November 30, 2023, the Index comprised 794 securities.
The Index is sponsored by MSCI, Inc. (the “Index Provider”), which is not affiliated with the Fund or the Adviser. The Index Provider determines the composition of the Index, relative weightings of the securities in the Index and publishes information regarding the market value of the Index.
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QEFA - Performance

Return Ranking - Trailing

Period QEFA Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -6.2% 27.1% 73.48%
1 Yr 9.9% -1.8% 29.8% 74.41%
3 Yr 2.0%* -17.2% 45.0% 28.99%
5 Yr 5.4%* -34.2% 74.2% 51.10%
10 Yr 5.5%* 0.5% 31.5% 16.54%

* Annualized

Return Ranking - Calendar

Period QEFA Return Category Return Low Category Return High Rank in Category (%)
2023 14.0% -1.4% 22.0% 37.83%
2022 -16.5% -43.6% 71.3% 27.33%
2021 9.9% -28.5% 18.9% 10.61%
2020 4.6% -90.1% 992.1% 84.96%
2019 18.1% -1.9% 38.8% 63.40%

Total Return Ranking - Trailing

Period QEFA Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -6.2% 27.1% 73.48%
1 Yr 9.9% -1.8% 29.8% 74.41%
3 Yr 2.0%* -17.2% 45.0% 28.99%
5 Yr 5.4%* -34.2% 74.2% 51.10%
10 Yr 5.5%* 0.5% 31.5% 16.54%

* Annualized

Total Return Ranking - Calendar

Period QEFA Return Category Return Low Category Return High Rank in Category (%)
2023 17.4% 3.2% 23.8% 33.80%
2022 -14.0% -43.6% 144.8% 22.91%
2021 12.5% -22.6% 56.0% 18.97%
2020 6.7% -89.7% 1010.8% 84.46%
2019 21.9% 4.3% 38.8% 55.87%

QEFA - Holdings

Concentration Analysis

QEFA Category Low Category High QEFA % Rank
Net Assets 961 M 3.3 M 425 B 46.69%
Number of Holdings 677 1 10481 19.72%
Net Assets in Top 10 177 M 1.01 M 47.5 B 49.61%
Weighting of Top 10 19.07% 4.6% 147.7% 67.60%

Top 10 Holdings

  1. State Street Navigator Securities Lending Portfolio II 3.30%
  2. Novo Nordisk A/S 2.33%
  3. Nestle SA 2.17%
  4. ASML Holding NV 2.05%
  5. Novartis AG 1.88%
  6. Roche Holding AG 1.85%
  7. AstraZeneca PLC 1.81%
  8. Unilever PLC 1.39%
  9. LVMH Moet Hennessy Louis Vuitton SE 1.18%
  10. Shell PLC 1.11%

Asset Allocation

Weighting Return Low Return High QEFA % Rank
Stocks 		98.70% 0.00% 102.63% 24.04%
Cash 		3.31% 0.00% 44.84% 19.72%
Preferred Stocks 		0.51% -0.05% 6.57% 34.21%
Other 		0.00% -2.12% 69.93% 61.94%
Convertible Bonds 		0.00% 0.00% 4.18% 30.60%
Bonds 		0.00% 0.00% 79.43% 35.13%

Stock Sector Breakdown

Weighting Return Low Return High QEFA % Rank
Healthcare 		16.54% 0.00% 20.35% 7.90%
Financial Services 		15.94% 0.00% 47.75% 75.36%
Industrials 		12.83% 5.17% 99.49% 67.93%
Consumer Defense 		12.76% 0.00% 32.29% 11.85%
Basic Materials 		8.87% 0.00% 23.86% 36.18%
Consumer Cyclical 		8.65% 0.00% 36.36% 78.20%
Technology 		7.60% 0.00% 36.32% 87.99%
Communication Services 		7.24% 0.00% 21.69% 27.01%
Utilities 		4.58% 0.00% 13.68% 14.06%
Energy 		3.11% 0.00% 16.89% 78.36%
Real Estate 		1.89% 0.00% 14.59% 51.18%

Stock Geographic Breakdown

Weighting Return Low Return High QEFA % Rank
Non US 		98.07% 0.00% 99.44% 6.93%
US 		0.63% 0.00% 102.01% 90.29%

QEFA - Expenses

Operational Fees

QEFA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.01% 19.62% 87.96%
Management Fee 0.30% 0.00% 1.65% 17.05%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

QEFA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

QEFA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

QEFA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.00% 2.00% 247.00% 18.06%

QEFA - Distributions

Dividend Yield Analysis

QEFA Category Low Category High QEFA % Rank
Dividend Yield 3.64% 0.00% 17.49% 31.28%

Dividend Distribution Analysis

QEFA Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

QEFA Category Low Category High QEFA % Rank
Net Income Ratio 2.65% -0.93% 6.38% 9.95%

Capital Gain Distribution Analysis

QEFA Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

QEFA - Fund Manager Analysis

Managers

Michael Feehily

Start Date

Tenure

Tenure Rank

Jun 04, 2014

7.99

8.0%

Mr. Feehily, CFA, is a Managing Director of SSGA and the Adviser and Co-Head of Passive Equity Strategies in North America in the Global Equity Beta Solutions Group. In this capacity, Mr. Feehily has oversight of the North American Passive Equity teams in Boston and Montreal. In addition, Mr. Feehily is a member of the Senior Management Group. Mr. Feehily rejoined SSgA in 2010 after spending the previous four years at State Street Global Markets LLC where he helped to build the Exposure Solutions business.

Karl Schneider

Start Date

Tenure

Tenure Rank

Jan 31, 2015

7.33

7.3%

Karl Schneider, CAIA, is a Vice President of SSGA and SSGA FM, and Head of U.S. Equity Strategies for GEBS, where in addition to overseeing the management of the U.S. equity index strategies, he also serves as a portfolio manager for a number of the group's passive equity portfolios. Previously within GEBS, he served as a portfolio manager and product specialist for synthetic beta strategies, including commodities, buy/write, and hedge fund replication. Prior to joining GEBS, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay portfolios. He joined SSGA in 1996. Mr. Schneider holds a BS in finance and investments from Babson College and an MS in finance from Boston College. He has earned the Chartered Alternative Investment Analyst designation. Mr. Schneider is a member of the CAIA Association.

Lisa Hobart

Start Date

Tenure

Tenure Rank

Jan 31, 2019

3.33

3.3%

Lisa Hobart is a Vice President of SSGA and a Portfolio Manager in the Global Equity Beta Solutions Group. Ms. Hobart is currently responsible for managing various equity index funds, with both domestic and international strategies. Ms. Hobart joined State Street Bank London in 2000 and moved to SSGA as a senior portfolio analyst in 2006. During her career at SSGA, Lisa has managed the Investment Operations team, supporting passive, enhanced and active equity strategies. Ms. Hobart graduated from Leeds University with a Bachelor of Arts (Hons.) in Economics and Management. She holds the Investment Management Certificate.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.34 3.25

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