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Name

As of 06/01/2026

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

State Street® SPDR® MSCI USA StrategicFactors(SM) ETF

QUS | ETF

$185.70

$1.48 B

1.52%

$2.83

0.15%

Vitals

YTD Return

6.6%

1 yr return

18.7%

3 Yr Avg Return

17.5%

5 Yr Avg Return

11.3%

Net Assets

$1.48 B

Holdings in Top 10

20.6%

52 WEEK LOW AND HIGH

$186.5
$157.93
$186.74

Expenses

OPERATING FEES

Expense Ratio 0.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 18.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/01/2026

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

State Street® SPDR® MSCI USA StrategicFactors(SM) ETF

QUS | ETF

$185.70

$1.48 B

1.52%

$2.83

0.15%

QUS - Profile

Distributions

  • YTD Total Return 6.6%
  • 3 Yr Annualized Total Return 17.5%
  • 5 Yr Annualized Total Return 11.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.69%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    State Street® SPDR® MSCI USA StrategicFactors(SM) ETF
  • Fund Family Name
    State Street Investment Management Funds
  • Inception Date
    Apr 15, 2015
  • Shares Outstanding
    7550000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Feehily

Fund Description

In seeking to track the performance of the MSCI USA Factor Mix A-Series Capped 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.Under normal market conditions, the Fund generally invests substantially all, but at least 80%, of its total assets in the 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. The Fund may also invest in cash and cash equivalents or money market instruments (including money market funds advised by the Adviser) for cash management purposes. 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 is designed to measure the equity market performance of large-and mid-cap companies across the U.S. equity market. It aims to represent the performance of a combination of three factors: value, quality, and low volatility. The Index is an equal weighted combination of the following three MSCI Factor Indices in a single composite index: the MSCI USA Value Weighted Index, the MSCI USA Quality Index, and the MSCI USA Minimum Volatility Index (each, a “Component Index”). If the MSCI USA Minimum Volatility Index is not available due to the concentrated nature of its underlying parent index (for example, in the event of a low number of stocks or where a relatively few number of constituents constitutes a large proportion of index weight), the MSCI USA Minimum Volatility Index is replaced with the MSCI USA Risk Weighted Index (if used to replace the MSCI USA Minimum Volatility Index, also a “Component Index”) and the Index is an equal weighted combination of the MSCI USA Value Weighted Index, the MSCI USA Quality Index and the MSCI USA Risk Weighted Index. The Index Provider (defined below) determines if such replacement is necessary and reviews the MSCI USA Minimum Volatility Index for viability on a regular basis. The MSCI USA Value Weighted Index includes publicly-traded companies domiciled in the U.S., weighted to emphasize stocks with lower valuations, by giving higher index weight to stocks with higher values of fundamental variables such as sales, earnings, cash earnings and book value. The MSCI USA Quality Index includes publicly-traded companies domiciled in the U.S., weighted to emphasize stocks with historically high return on equity, stable year-over-year earnings growth, and low financial leverage. The MSCI USA Minimum Volatility Index aims to reflect the performance characteristics of a minimum variance strategy applied to publicly-traded companies domiciled in the U.S. and is weighted to provide the lowest absolute risk within a given set of constraints. The MSCI USA Risk Weighted Index includes publicly-traded companies domiciled in the U.S., and reweights the constituents so that stocks with lower volatility, measured as the weekly return variance over the prior three years, are given higher index weight. 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 then subject to the MSCI A-Series Index Methodology. The MSCI A-Series Index Methodology first seeks to ensure the Index includes at least 25 constituents. In the event the Index does not contain at least 25 constituents, the Index is supplemented by including constituents of the MSCI USA Small Cap Index, selected in decreasing order based on full market capitalization, until the target of 25 constituents is reached. The MSCI A-Series Index Methodology then applies the MSCI 25/50 Index Methodology, which aims to reflect 5/25/50 weight constraints (i.e., no issuer has a weight above 25%, and the sum of weights of all issuers with weights above 5% does not exceed 50%). 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 the MSCI Global Investable Market Indices and of each Component Index. As of August 31, 2025, a significant portion of the Fund comprised companies in the technology and financial sectors, although this may change from time to time. As of July 31, 2025, the Index comprised 544 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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QUS - Performance

Return Ranking - Trailing

Period QUS Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -13.2% 43.7% 77.62%
1 Yr 18.7% -15.7% 101.9% 80.62%
3 Yr 17.5%* 1.1% 41.0% 75.40%
5 Yr 11.3%* -3.9% 19.6% 61.55%
10 Yr 13.7%* 5.8% 55.9% 56.50%

* Annualized

Return Ranking - Calendar

Period QUS Return Category Return Low Category Return High Rank in Category (%)
2025 12.5% -25.2% 36.9% 31.10%
2024 17.2% -51.6% 37.0% 34.80%
2023 19.8% -15.6% 47.4% 46.11%
2022 -15.5% -56.3% 1.1% 10.69%
2021 25.0% -27.2% 537.8% 16.21%

Total Return Ranking - Trailing

Period QUS Return Category Return Low Category Return High Rank in Category (%)
YTD 6.6% -13.2% 43.7% 77.62%
1 Yr 18.7% -15.7% 101.9% 80.62%
3 Yr 17.5%* 1.1% 41.0% 75.40%
5 Yr 11.3%* -3.9% 19.6% 61.55%
10 Yr 13.7%* 5.8% 55.9% 56.50%

* Annualized

Total Return Ranking - Calendar

Period QUS Return Category Return Low Category Return High Rank in Category (%)
2025 14.1% -3.4% 43.4% 71.45%
2024 19.0% -20.1% 44.5% 71.28%
2023 21.8% 0.3% 47.4% 67.40%
2022 -14.1% -31.9% 11.0% 20.39%
2021 26.7% 4.1% 537.8% 50.63%

QUS - Holdings

Concentration Analysis

QUS Category Low Category High QUS % Rank
Net Assets 1.48 B 3.76 M 2.2 T 56.74%
Number of Holdings 540 2 3885 9.87%
Net Assets in Top 10 300 M 3.24 M 639 B 64.32%
Weighting of Top 10 20.56% 2.5% 102.7% 97.61%

Top 10 Holdings

  1. Apple Inc 2.86%
  2. Microsoft Corp 2.51%
  3. NVIDIA Corp 2.38%
  4. Meta Platforms Inc 2.13%
  5. Johnson Johnson 2.05%
  6. Visa Inc 1.85%
  7. Eli Lilly Co 1.85%
  8. Exxon Mobil Corp 1.71%
  9. Walmart Inc 1.68%
  10. Mastercard Inc 1.53%

Asset Allocation

Weighting Return Low Return High QUS % Rank
Stocks 		99.70% 0.00% 105.13% 22.03%
Cash 		0.40% 0.00% 69.97% 69.43%
Preferred Stocks 		0.00% 0.00% 5.74% 52.07%
Convertible Bonds 		0.00% 0.00% 5.54% 49.25%
Bonds 		0.00% 0.00% 136.21% 51.10%
Other 		-0.01% -13.91% 100.00% 92.07%

Stock Sector Breakdown

Weighting Return Low Return High QUS % Rank
Technology 		21.41% 0.00% 48.94% 70.17%
Healthcare 		18.98% 0.00% 52.29% 9.97%
Financial Services 		15.57% 0.00% 55.59% 23.99%
Communication Services 		9.15% 0.00% 27.94% 32.61%
Industrials 		9.08% 0.00% 29.90% 48.16%
Consumer Defense 		8.98% 0.00% 47.71% 16.62%
Consumer Cyclical 		5.26% 0.00% 30.33% 93.53%
Utilities 		4.66% 0.00% 15.25% 8.36%
Energy 		3.18% 0.00% 41.64% 67.57%
Basic Materials 		1.88% 0.00% 19.45% 78.35%
Real Estate 		1.85% 0.00% 31.91% 72.51%

Stock Geographic Breakdown

Weighting Return Low Return High QUS % Rank
US 		99.70% 0.00% 101.31% 17.53%
Non US 		0.00% 0.00% 70.69% 58.68%

QUS - Expenses

Operational Fees

QUS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.15% 0.01% 4.93% 90.24%
Management Fee 0.15% 0.00% 1.89% 16.99%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

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

Trading Fees

QUS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

QUS Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.00% 0.00% 268.00% 41.22%

QUS - Distributions

Dividend Yield Analysis

QUS Category Low Category High QUS % Rank
Dividend Yield 1.52% 0.00% 25.47% 43.00%

Dividend Distribution Analysis

QUS Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annual Quarterly Quarterly

Net Income Ratio Analysis

QUS Category Low Category High QUS % Rank
Net Income Ratio 1.69% -54.00% 2.44% 2.52%

Capital Gain Distribution Analysis

QUS Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

QUS - Fund Manager Analysis

Managers

Michael Feehily

Start Date

Tenure

Tenure Rank

Apr 15, 2015

7.13

7.1%

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

Apr 15, 2015

7.13

7.1%

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.

John Law

Start Date

Tenure

Tenure Rank

Oct 31, 2018

3.58

3.6%

John Law, CFA, Vice President and a Senior Portfolio Manager in the Global Equity Beta Solutions Group, has managed the portion of the Fund's assets allocated to SSGA FM for the Fund's Passive International Small Cap Equity Sub-strategy since 2017.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.35 2.25

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