SPDR MSCI Emerging Markets StrategicFactors ETF
ALTAR
Score™
9.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
12.7x P/Sales
ratio
1.0x
P/BV
ratio
1.3x Div.
yield
3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR MSCI Emerging Markets 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 Emerging Markets Quality Mix Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor #N/A Field Not Applicable
Website www.spdrs.com
Inception date Jun 05, 2014
Assets (mns) $157
Currency USD
Expense ratio 30 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Unknown
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 1068
Wgt avg mkt cap (mns) $59,200
Large cap (>$10bn) 62.9%
Mid cap ($2-10bn) 33.6%
Small cap (<$2bn) 3.1%
Developed mkts 8.4%
Emerging mkts 87.7%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 3.0 %
TAIWAN SEMICONDUCTOR MANUFAC 3.0 %
SAMSUNG ELECTRONICS CO LTD 2.2 %
TATA CONSULTANCY SVS LTD 1.6 %
CHINA CONSTRUCTION BANK-H 1.3 %
INFOSYS TECHNOLOGIES-SP ADR 1.2 %
HINDUSTAN UNILEVER LIMITED 1.2 %
BANK CENTRAL ASIA PT 1.1 %
YUM CHINA HOLDINGS, INC. 1.0 %
AL RAJHI BANK 1.0 %
Total 16.5 %

TOP COUNTRY EXPOSURE
CHINA 24.9 %
TAIWAN 15.2 %
INDIA 12.2 %
SOUTH KOREA 9.2 %
HONG KONG 5.9 %
SAUDI ARABIA 3.8 %
RUSSIA 3.2 %
BRAZIL 3.2 %
INDONESIA 3.1 %
MALAYSIA 2.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-18.3% -15.5% -1.9% -- -1.2%

Market Correlations
versus... Beta R-squared
S&P500 0.77 64%
MSCI EAFE 0.91 78%
MSCI Emg. Mkts. 0.80 94%

Technical Indicators
Recent close $50.38
30d moving avg. $49.20
Annualized volatility 16.1%
Short interest (ETF) 0.2%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.6%
Bid/Ask (% of price) 0.69%
ADV underlying (mns) $37,119

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the SPDR MSCI Emerging Markets StrategicFactors ETF ETF based on the alternatives' overlap in portfolio holdings with QEMM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QEMM Expense: 30 bp ALTAR Score™: 9.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QEMM
Ticker Fund
Name
Overlap1
vs QEMM
(%)
Expense
ratio
(bp)
Savings
vs QEMM
(bp)
ALTAR
Score™
(%)
ALTAR
vs QEMM
(%)
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 50.7 65 -35 8.9 -0.9
EEM iShares MSCI Emerging Markets ETF 50.6 68 -38 8.8 -1.0
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 49.4 25 5 8.9 -0.9
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 48.2 45 -15 9.1 -0.7
IEMG iShares Core MSCI Emerging Markets ETF 48.1 14 16 9.3 -0.6
JHEM John Hancock Multifactor Emerging Markets ETF 48.0 55 -25 9.5 -0.4
EEMA iShares MSCI Emerging Markets Asia ETF 47.9 50 -20 9.0 -0.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 44.3 30 0 9.3 -0.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 44.0 68 -38 8.5 -1.3
SCHE Schwab Emerging Markets Equity ETF 44.0 13 17 9.2 -0.7
VWO Vanguard FTSE Emerging Markets ETF 43.6 10 20 9.4 -0.5
SPEM SPDR Portfolio Emerging Markets ETF 42.8 11 19 9.1 -0.8
FLAX Franklin FTSE Asia Ex Japan ETF 42.8 19 11 9.1 -0.8
AVEM Avantis Emerging Markets Equity ETF 38.7 33 -3 10.1 +0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 38.4 59 -29 11.8 +2.0
PBEE Invesco PureBeta FTSE Emerging Markets ETF 37.9 14 16 10.1 +0.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 37.1 32 -2 7.3 -2.6
GMF SPDR S&P Emerging Asia Pacific ETF 36.1 49 -19 8.5 -1.4
DVEM WisdomTree Emerging Markets Dividend Fund 35.1 32 -2 9.6 -0.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 35.1 45 -15 9.4 -0.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 34.4 32 -2 10.1 +0.3
ESGE iShares ESG MSCI EM ETF 34.3 25 5 10.3 +0.5
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 33.3 49 -19 9.6 -0.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 33.2 20 10 8.1 -1.8
EMXC iShares MSCI Emerging Markets ex China ETF 33.1 49 -19 8.9 -0.9
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 32.5 49 -19 8.9 -1.0
BKF iShares MSCI BRIC ETF 32.3 69 -39 9.0 -0.8
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 31.5 50 -20 10.6 +0.7
FDEM Fidelity Targeted Emerging Markets Factor ETF 31.0 45 -15 10.4 +0.5
PXH Invesco FTSE RAFI Emerging Markets ETF 30.8 50 -20 14.6 +4.7
EMCG WisdomTree Emerging Markets Consumer Growth Fund 30.7 32 -2 8.0 -1.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 30.4 39 -9 14.0 +4.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 30.2 40 -10 8.1 -1.7
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 28.3 64 -34 5.8 -4.0
RNEM Emerging Markets Equity Select ETF 28.0 75 -45 11.2 +1.3
EMMF WisdomTree Emerging Markets Multifactor Fund 27.6 48 -18 10.4 +0.6
AXJL WisdomTree Asia Pacific ex-Japan Fund 27.3 48 -18 10.1 +0.2
MCHI iShares MSCI China ETF 26.9 59 -29 9.6 -0.3
GXC SPDR S&P China ETF 26.3 59 -29 9.4 -0.4
ROAM Hartford Multifactor Emerging Markets ETF 25.8 44 -14 15.9 +6.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 24.9 95 -65 10.9 +1.0
FLCH Franklin FTSE China ETF 24.4 19 11 9.7 -0.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 24.4 29 1 10.3 +0.5
KALL KraneShares FTSE Emerging Markets Plus ETF 24.1 49 -19 9.6 -0.2
NUEM Nuveen ESG Emerging Markets Equity ETF 23.4 45 -15 8.2 -1.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 23.2 45 -15 10.4 +0.6
WCHN WisdomTree ICBCCS S&P China 500 Fund 23.0 55 -25 9.3 -0.6
ISEM Invesco Strategic Emerging Markets ETF 22.9 35 -5 11.1 +1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.7 40 -10 7.9 -2.0
ACWX iShares MSCI ACWI ex U.S. ETF 20.2 32 -2 8.0 -1.8
CN Xtrackers MSCI All China Equity ETF 20.2 50 -20 9.9 +0.0
EEMO Invesco S&P Emerging Markets Momentum ETF 19.9 30 0 7.6 -2.2
VEU Vanguard FTSE All-World ex-US Index Fund 19.3 8 22 8.3 -1.6
DEM WisdomTree Emerging Markets High Dividend Fund 19.1 63 -33 14.9 +5.0
IXUS ishares Core MSCI Total International Stock ETF 19.0 9 21 8.1 -1.8
VSGX Vanguard ESG International Stock ETF 18.8 17 13 7.9 -1.9
VYMI Vanguard International High Dividend Yield ETF 18.6 32 -2 10.8 +1.0
XCEM Columbia EM Core ex-China ETF 18.3 16 14 8.3 -1.6
VXUS Vanguard Total International Stock Index Fund 18.2 8 22 8.3 -1.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 18.1 16 14 7.5 -2.3
AIA iShares Asia 50 ETF 17.5 50 -20 9.4 -0.5
CWI SPDR MSCI ACWI ex-US ETF 17.4 30 0 8.1 -1.8
ECON Columbia Emerging Markets Consumer ETF 16.8 59 -29 5.2 -4.7
BICK First Trust BICK Index Fund 16.5 64 -34 4.8 -5.0
CHIL Global X MSCI China Large-Cap 50 ETF 16.4 29 1 10.0 +0.1
PIE Invesco DWA Emerging Markets Momentum ETF 15.3 90 -60 6.1 -3.8
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 15.2 45 -15 14.3 +4.4
EWT iShares MSCI Taiwan ETF 15.2 59 -29 6.7 -3.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 15.0 60 -30 9.1 -0.7
FLTW Franklin FTSE Taiwan ETF 14.3 19 11 7.0 -2.9
EMFM Global X MSCI Next Emerging & Frontier ETF 13.4 55 -25 9.2 -0.6
CXSE WisdomTree China ex-State-Owned Enterprises Fund 12.9 32 -2 7.4 -2.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 12.6 20 10 11.6 +1.7
FXI iShares China Large-Cap ETF 12.6 74 -44 14.2 +4.4
VIGI Vanguard International Dividend Appreciation ETF 12.2 25 5 6.3 -3.6
DNL WisdomTree Global ex-US Dividend Growth Fund 11.7 58 -28 8.2 -1.6
ACWV iShares Edge MSCI Min Vol Global ETF 11.0 20 10 6.0 -3.8
FLIN Franklin FTSE India ETF 10.5 19 11 7.2 -2.7
INDA iShares MSCI India ETF 10.5 69 -39 6.7 -3.1
EDIV SPDR S&P Emerging Markets Dividend ETF 10.1 49 -19 12.2 +2.4
EPI WisdomTree India Earnings Fund 10.1 85 -55 11.2 +1.3
PIN Invesco India ETF 10.0 82 -52 7.1 -2.7
ACWF iShares FactorSelect MSCI Global ETF 10.0 35 -5 8.4 -1.5
LOWC SPDR MSCI ACWI Low Carbon Target ETF 10.0 20 10 6.6 -3.3
FRDM Freedom 100 Emerging Markets ETF 9.9 49 -19 8.1 -1.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 9.9 20 10 6.6 -3.2
DEW WisdomTree Global High Dividend Fund 9.4 58 -28 9.5 -0.4
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 9.4 58 -28 6.3 -3.5
ACWI iShares MSCI ACWI ETF 9.2 32 -2 6.3 -3.5
FEM First Trust Emerging Markets AlphaDEX Fund 8.7 80 -50 12.4 +2.6
VT Vanguard Total World Stock Index Fund 8.5 8 22 6.6 -3.3
EWY iShares MSCI South Korea ETF 8.3 59 -29 9.8 -0.0
IGRO iShares International Dividend Growth ETF 8.3 22 8 8.5 -1.3
FLKR Franklin FTSE South Korea ETF 8.3 9 21 10.4 +0.5
NFTY First Trust India NIFTY 50 Equal Weight ETF 8.1 80 -50 10.1 +0.3
INDY iShares India 50 ETF 8.1 94 -64 7.1 -2.7
DOGS Arrow Dogs of the World ETF 7.9 134 -104 11.7 +1.8
ECOW Pacer Emerging Markets Cash Cows 100 ETF 7.8 70 -40 13.7 +3.9
DVYE iShares Emerging Markets Dividend ETF 7.3 49 -19 13.6 +3.7
LVIN Hartford Multifactor Low Volatility International Equity ETF 7.3 29 1 13.0 +3.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
SPDR MSCI Emerging Markets StrategicFactors ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 12.3 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 9.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.45
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.