SPDR MSCI Emerging Markets StrategicFactors ETF
ALTAR
Score™
8.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
15.5x P/Sales
ratio
1.1x
P/BV
ratio
1.4x Div.
yield
2.9%


  • 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 04, 2014
Assets (mns) $136
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 1023
Wgt avg mkt cap (mns) $76,069
Large cap (>$10bn) 65.4%
Mid cap ($2-10bn) 30.8%
Small cap (<$2bn) 2.1%
Developed mkts 8.7%
Emerging mkts 87.0%

TOP TEN HOLDINGS
TAIWAN SEMICONDUCTOR MANUFAC 3.8 %
TENCENT HOLDINGS LTD 2.8 %
SAMSUNG ELECTRONICS CO LTD 2.3 %
TATA CONSULTANCY SVS LTD 1.9 %
INFOSYS TECHNOLOGIES-SP ADR 1.8 %
HINDUSTAN UNILEVER LIMITED 1.4 %
ALIBABA GROUP HOLDING LTD. SPONSOR 1.2 %
YUM CHINA HOLDINGS, INC. 1.1 %
NEW ORIENTAL EDUCATIO-SP ADR 1.1 %
CHINA CONSTRUCTION BANK-H 1.0 %
Total 18.4 %

TOP COUNTRY EXPOSURE
CHINA 28.9 %
INDIA 14.6 %
TAIWAN 14.2 %
SOUTH KOREA 10.0 %
HONG KONG 5.4 %
SAUDI ARABIA 4.2 %
BRAZIL 3.3 %
MALAYSIA 2.5 %
INDONESIA 2.3 %
RUSSIA 2.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-6.3% 1.6% 5.8% -- 1.1%

Market Correlations
versus... Beta R-squared
S&P500 0.75 65%
MSCI EAFE 0.91 77%
MSCI Emg. Mkts. 0.79 94%

Technical Indicators
Recent close $58.03
30d moving avg. $57.39
Annualized volatility 16.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 7
Turnover 0.3%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $45,140

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 8.8%


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 51.3 65 -35 7.4 -1.4
EEM iShares MSCI Emerging Markets ETF 50.6 68 -38 7.3 -1.4
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 50.2 25 5 8.0 -0.8
EEMA iShares MSCI Emerging Markets Asia ETF 49.3 50 -20 7.6 -1.2
JHEM John Hancock Multifactor Emerging Markets ETF 48.8 49 -19 8.7 -0.0
IEMG iShares Core MSCI Emerging Markets ETF 48.0 13 17 7.8 -1.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 48.0 45 -15 7.5 -1.3
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 47.1 36 -6 7.3 -1.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 45.4 30 0 7.6 -1.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 44.9 68 -38 7.0 -1.8
SCHE Schwab Emerging Markets Equity ETF 44.7 11 19 7.9 -0.9
FLAX Franklin FTSE Asia Ex Japan ETF 43.9 19 11 7.6 -1.2
VWO Vanguard FTSE Emerging Markets ETF 43.3 10 20 8.0 -0.8
SPEM SPDR Portfolio Emerging Markets ETF 43.2 11 19 7.7 -1.1
BKEM BNY Mellon Emerging Markets Equity ETF 40.0 11 19 8.2 -0.6
ESGE iShares ESG MSCI EM ETF 38.9 25 5 8.5 -0.3
PBEE Invesco PureBeta FTSE Emerging Markets ETF 38.8 15 15 8.4 -0.4
AVEM Avantis Emerging Markets Equity ETF 38.5 33 -3 8.8 +0.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 38.4 59 -29 11.1 +2.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 37.9 32 -2 5.6 -3.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 36.3 49 -19 7.9 -0.9
GMF SPDR S&P Emerging Asia Pacific ETF 35.8 49 -19 7.0 -1.8
DVEM WisdomTree Emerging Markets Dividend Fund 34.8 32 -2 7.2 -1.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 34.7 44 -14 9.2 +0.4
PXH Invesco FTSE RAFI Emerging Markets ETF 34.0 50 -20 13.4 +4.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 32.9 20 10 6.6 -2.2
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 32.8 32 -2 9.0 +0.2
BKF iShares MSCI BRIC ETF 32.8 69 -39 7.3 -1.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 32.6 49 -19 7.7 -1.0
EMXC iShares MSCI Emerging Markets ex China ETF 32.4 25 5 8.2 -0.6
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 31.8 39 -9 13.5 +4.7
FDEM Fidelity Targeted Emerging Markets Factor ETF 31.6 45 -15 8.5 -0.3
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 31.3 50 -20 10.4 +1.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 31.3 40 -10 7.2 -1.6
MCHI iShares MSCI China ETF 28.0 59 -29 7.5 -1.3
GXC SPDR S&P China ETF 27.1 59 -29 7.6 -1.2
EMMF WisdomTree Emerging Markets Multifactor Fund 27.0 48 -18 9.6 +0.8
FLCH Franklin FTSE China ETF 27.0 19 11 8.0 -0.8
RNEM Emerging Markets Equity Select ETF 26.2 75 -45 11.8 +3.0
NUEM Nuveen ESG Emerging Markets Equity ETF 25.8 45 -15 6.7 -2.1
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 25.5 95 -65 8.0 -0.8
ROAM Hartford Multifactor Emerging Markets ETF 25.3 44 -14 13.2 +4.4
KALL KraneShares FTSE Emerging Markets Plus ETF 25.1 49 -19 7.9 -0.9
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 25.0 45 -15 9.1 +0.3
VSGX Vanguard ESG International Stock ETF 23.8 17 13 7.1 -1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 23.3 40 -10 7.2 -1.6
ISEM Invesco Strategic Emerging Markets ETF 23.1 35 -5 10.8 +2.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 22.8 29 1 10.1 +1.3
ACWX iShares MSCI ACWI ex U.S. ETF 22.1 32 -2 7.3 -1.5
VYMI Vanguard International High Dividend Yield ETF 22.1 27 3 10.3 +1.5
VEU Vanguard FTSE All-World ex-US Index Fund 21.6 8 22 7.6 -1.2
IXUS ishares Core MSCI Total International Stock ETF 21.2 9 21 7.4 -1.4
CN Xtrackers MSCI All China Equity ETF 20.3 50 -20 7.9 -0.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 20.2 16 14 7.0 -1.8
EEMO Invesco S&P Emerging Markets Momentum ETF 19.9 29 1 4.0 -4.8
CWI SPDR MSCI ACWI ex-US ETF 19.4 30 0 7.3 -1.5
VXUS Vanguard Total International Stock Index Fund 19.4 8 22 7.6 -1.2
XCEM Columbia EM Core ex-China ETF 18.6 16 14 7.1 -1.7
CHIL Global X MSCI China Large-Cap 50 ETF 18.1 29 1 7.5 -1.3
BICK First Trust BICK Index Fund 17.9 64 -34 4.7 -4.1
ECON Columbia Emerging Markets Consumer ETF 17.9 59 -29 4.9 -3.9
AIA iShares Asia 50 ETF 17.5 50 -20 7.7 -1.1
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 16.3 45 -15 14.6 +5.8
PIE Invesco DWA Emerging Markets Momentum ETF 16.1 90 -60 5.0 -3.8
DEM WisdomTree Emerging Markets High Dividend Fund 16.1 63 -33 15.2 +6.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 15.8 32 -2 11.2 +2.4
EWT iShares MSCI Taiwan ETF 14.2 59 -29 6.0 -2.8
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 14.0 61 -31 8.9 +0.2
FLTW Franklin FTSE Taiwan ETF 13.9 19 11 6.2 -2.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 13.8 20 10 11.8 +3.0
EMFM Global X MSCI Next Emerging & Frontier ETF 12.7 66 -36 9.1 +0.3
FLIN Franklin FTSE India ETF 12.2 19 11 5.7 -3.1
INDA iShares MSCI India ETF 12.2 69 -39 5.3 -3.5
FXI iShares China Large-Cap ETF 11.7 74 -44 13.1 +4.3
PIN Invesco India ETF 11.4 78 -48 5.9 -2.8
VIGI Vanguard International Dividend Appreciation ETF 11.3 20 10 5.6 -3.2
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 11.1 58 -28 4.8 -3.9
LOWC SPDR MSCI ACWI Low Carbon Target ETF 11.0 20 10 6.0 -2.8
EPI WisdomTree India Earnings Fund 11.0 84 -54 8.5 -0.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 11.0 58 -28 8.0 -0.8
EDIV SPDR S&P Emerging Markets Dividend ETF 10.9 49 -19 12.0 +3.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 10.8 20 10 6.0 -2.8
ACWV iShares Edge MSCI Min Vol Global ETF 10.8 20 10 5.7 -3.1
FEM First Trust Emerging Markets AlphaDEX Fund 10.4 80 -50 13.9 +5.2
ACWI iShares MSCI ACWI ETF 10.4 32 -2 5.7 -3.0
FRDM Freedom 100 Emerging Markets ETF 10.2 49 -19 6.6 -2.2
NFTY First Trust India NIFTY 50 Equal Weight ETF 9.9 80 -50 7.9 -0.8
INDY iShares India 50 ETF 9.9 93 -63 5.4 -3.4
ACWF iShares FactorSelect MSCI Global ETF 9.7 35 -5 7.9 -0.9
IGRO iShares International Dividend Growth ETF 9.5 22 8 8.6 -0.2
VT Vanguard Total World Stock Index Fund 9.2 8 22 6.0 -2.8
EWY iShares MSCI South Korea ETF 8.9 59 -29 8.4 -0.4
FLKR Franklin FTSE South Korea ETF 8.9 9 21 8.8 0.0
IQDF FlexShares International Quality Dividend Index Fund 8.8 47 -17 9.3 +0.5
LEGR First Trust Index Digital Transaction & Process Technology E 8.7 65 -35 10.0 +1.2
DEW WisdomTree Global High Dividend Fund 8.5 58 -28 9.8 +1.0
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 8.4 51 -21 16.4 +7.6
ASHX Xtrackers MSCI China A Inclusion Equity ETF 8.3 60 -30 6.7 -2.1
KBA KraneShares Bosera MSCI China A Share ETF 8.3 60 -30 6.7 -2.1

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 12.1 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 30 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.43
 
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.