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Trending ETFs

Name

As of 07/12/2024

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

$124.14

$114 M

1.56%

$1.94

0.30%

Vitals

YTD Return

13.6%

1 yr return

19.9%

3 Yr Avg Return

7.8%

5 Yr Avg Return

11.1%

Net Assets

$114 M

Holdings in Top 10

17.4%

52 WEEK LOW AND HIGH

$123.1
$97.80
$124.14

Expenses

OPERATING FEES

Expense Ratio 0.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 25.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/12/2024

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

$124.14

$114 M

1.56%

$1.94

0.30%

QWLD - Profile

Distributions

  • YTD Total Return 13.6%
  • 3 Yr Annualized Total Return 7.8%
  • 5 Yr Annualized Total Return 11.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.88%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    SPDR MSCI World StrategicFactors ETF
  • Fund Family Name
    State Street Global Advisors - advised funds
  • Inception Date
    Jun 04, 2014
  • Shares Outstanding
    600000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Feehily

Fund Description

In seeking to track the performance of the MSCI World 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 23 developed 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 World Value Weighted Index, the MSCI World Minimum Volatility Index, and the MSCI World Quality Index (each, a Component Index). The MSCI World Value Weighted Index includes large- and mid-cap stocks across developed markets countries, weighted to emphasize stocks with lower valuations. The MSCI World 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, weighted for exposure to the lowest absolute risk within a given set of restraints. The MSCI World Quality Index includes large- and mid-cap stocks across developed markets countries, 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 technology, 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, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States. As of November 30, 2023, a significant portion of the Fund comprised companies located in the United States, although this may change from time to time. As of November 30, 2023, the Index comprised 1,504 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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QWLD - Performance

Return Ranking - Trailing

Period QWLD Return Category Return Low Category Return High Rank in Category (%)
YTD 13.6% -35.6% 29.2% 46.53%
1 Yr 19.9% 17.3% 252.4% 82.16%
3 Yr 7.8%* -3.5% 34.6% 49.76%
5 Yr 11.1%* 0.1% 32.7% 56.51%
10 Yr 9.6%* -6.9% 18.3% N/A

* Annualized

Return Ranking - Calendar

Period QWLD Return Category Return Low Category Return High Rank in Category (%)
2023 17.4% -24.3% 957.1% 66.67%
2022 -15.0% -38.3% 47.1% 32.49%
2021 19.4% -54.2% 0.6% 11.31%
2020 8.1% -76.0% 54.1% 51.10%
2019 24.7% -26.1% 47.8% 23.44%

Total Return Ranking - Trailing

Period QWLD Return Category Return Low Category Return High Rank in Category (%)
YTD 13.6% -35.6% 29.2% 34.56%
1 Yr 19.9% 11.4% 252.4% 78.75%
3 Yr 7.8%* -3.5% 34.6% 47.08%
5 Yr 11.1%* 0.1% 32.7% 54.90%
10 Yr 9.6%* -6.9% 18.3% N/A

* Annualized

Total Return Ranking - Calendar

Period QWLD Return Category Return Low Category Return High Rank in Category (%)
2023 19.6% -24.3% 957.1% 66.67%
2022 -13.3% -33.1% 47.1% 32.87%
2021 21.6% -44.4% 1.8% 24.76%
2020 10.2% -6.5% 54.1% 68.37%
2019 27.6% -14.4% 47.8% 40.83%

QWLD - Holdings

Concentration Analysis

QWLD Category Low Category High QWLD % Rank
Net Assets 114 M 199 K 133 B 81.36%
Number of Holdings 1259 1 9075 2.42%
Net Assets in Top 10 19.8 M -18 M 37.6 B 88.88%
Weighting of Top 10 17.42% 9.1% 100.0% 95.65%

Top 10 Holdings

  1. NVIDIA Corp 2.75%
  2. State Street Navigator Securities Lending Government Money Market Portfolio 2.74%
  3. Microsoft Corp 2.39%
  4. Apple Inc 1.82%
  5. Meta Platforms Inc 1.82%
  6. Eli Lilly Co 1.34%
  7. UnitedHealth Group Inc 1.16%
  8. Visa Inc 1.16%
  9. Johnson Johnson 1.15%
  10. Alphabet Inc 1.10%

Asset Allocation

Weighting Return Low Return High QWLD % Rank
Stocks
99.29% 61.84% 125.47% 15.75%
Cash
2.87% -174.70% 23.12% 80.51%
Preferred Stocks
0.19% -0.01% 5.28% 94.27%
Other
0.00% -13.98% 19.14% 94.05%
Convertible Bonds
0.00% 0.00% 4.46% 94.27%
Bonds
0.00% -1.50% 161.67% 94.60%

Stock Sector Breakdown

Weighting Return Low Return High QWLD % Rank
Technology
17.26% 0.00% 49.87% 72.58%
Healthcare
16.50% 0.00% 35.42% 31.06%
Financial Services
15.44% 0.00% 38.42% 33.37%
Consumer Defense
10.30% 0.00% 73.28% 23.24%
Communication Services
10.18% 0.00% 57.66% 38.77%
Industrials
10.17% 0.00% 44.06% 47.91%
Consumer Cyclical
6.19% 0.00% 40.94% 83.04%
Basic Materials
4.50% 0.00% 38.60% 43.28%
Utilities
4.49% 0.00% 29.12% 23.79%
Energy
3.23% 0.00% 21.15% 31.61%
Real Estate
1.73% 0.00% 39.48% 40.53%

Stock Geographic Breakdown

Weighting Return Low Return High QWLD % Rank
US
66.13% 0.13% 103.82% 22.58%
Non US
33.16% 0.58% 99.46% 69.27%

QWLD - Expenses

Operational Fees

QWLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.01% 44.27% 95.90%
Management Fee 0.30% 0.00% 1.82% 9.08%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.76% N/A

Sales Fees

QWLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

QWLD 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.

QWLD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.00% 395.00% 17.32%

QWLD - Distributions

Dividend Yield Analysis

QWLD Category Low Category High QWLD % Rank
Dividend Yield 1.56% 0.00% 3.26% 1.75%

Dividend Distribution Analysis

QWLD Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually Annually Annually

Net Income Ratio Analysis

QWLD Category Low Category High QWLD % Rank
Net Income Ratio 1.88% -4.27% 12.65% 13.86%

Capital Gain Distribution Analysis

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

Distributions History

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QWLD - 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.

Juan Acevedo


Start Date

Tenure

Tenure Rank

Jan 31, 2021

1.33

1.3%

Juan Acevedo is a Vice President of SSGA FM and Senior Portfolio Manager in the GEBS Group. Mr. Acevedo joined SSGA FM in 2000 and has 20 years of investment experience. He has co-managed the USAA MSCI USA Small Cap Value Momentum Blend Index ETF since December 2018. Education: B.A. in International Business, Providence College; M.S. in Investment Management; M.B.A. with Finance concentration, Questrom School of Business at Boston University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25