SPDR MSCI UK Quality Mix
ALTAR
Score™
7.8% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
13.1x P/Sales
ratio
1.2x
P/BV
ratio
1.6x Div.
yield
4.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR MSCI UK Quality Mix ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that before fees and expenses, correspond generally to the price and yield performance of the MSCI UK Quality Mix A-Series Index.

FUND BASICS
Category International Equities
Fund Sponsor SSgA Funds Management Inc
Website www.spdrs.com
Inception date Jun 12, 2014
Assets (mns) $11
Currency USD
Expense ratio 14 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 104
Wgt avg mkt cap (mns) $80,974
Large cap (>$10bn) 87.6%
Mid cap ($2-10bn) 12.4%
Small cap (<$2bn) 0.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
HSBC HOLDINGS PLC 6.3 %
BP PLC 5.6 %
ROYAL DUTCH SHELL PLC-A SHS 5.2 %
ASTRAZENECA PLC 5.2 %
ROYAL DUTCH SHELL PLC-B SHS 4.6 %
GLAXOSMITHKLINE PLC 4.6 %
DIAGEO PLC 4.0 %
BRITISH AMERICAN TOBACCO PLC 3.6 %
UNILEVER PLC 2.7 %
RIO TINTO PLC 2.4 %
Total 44.3 %

TOP COUNTRY EXPOSURE
BRITAIN 97.0 %
IRELAND 1.5 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
15.5% 8.1% 2.5% -- 0.2%

Market Correlations
versus... Beta R-squared
S&P500 0.73 52%
MSCI EAFE 1.00 84%
MSCI Emg. Mkts. 0.65 58%

Technical Indicators
Recent close $50.52
30d moving avg. $49.77
Annualized volatility 12.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 77

Liquidity measures
Avg. volume (thou.) 4
Turnover 1.8%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $5,926

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the SPDR MSCI UK Quality Mix ETF based on the alternatives' overlap in portfolio holdings with QGBR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QGBR Expense: 14 bp ALTAR Score™: 7.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QGBR
Ticker Fund
Name
Overlap1
vs QGBR
(%)
Expense
ratio
(bp)
Savings
vs QGBR
(bp)
ALTAR
Score™
(%)
ALTAR
vs QGBR
(%)
EWU iShares MSCI United Kingdom 93.9 47 -33 7.4 -0.4
FLGB Franklin FTSE United Kingdom 90.8 9 5 7.8 +0.0
FKU First Trust United Kingdom 30.9 80 -66 7.7 -0.1
OEUR O'Shares FTSE Europe Quality Dividend 29.0 48 -34 6.4 -1.4
IEV iShares S&P Europe 350 25.8 59 -45 6.4 -1.4
BBEU JPMorgan BetaBuilders Europe 24.8 9 5 6.9 -0.9
DBEU Xtrackers Europe Hedged 24.5 45 -31 6.4 -1.3
FLEE Franklin FTSE Europe 24.4 9 5 6.9 -0.9
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE 24.3 30 -16 6.7 -1.1
FLEH Franklin FTSE Europe Hedged 24.1 9 5 6.9 -0.9
HDEF Xtrackers MSCI EAFE High Div Yld Hedged 23.0 20 -6 8.5 +0.8
GSEU Goldman Sachs ActiveBeta Europe Equity 22.8 25 -11 6.4 -1.3
IEUR iShares Core MSCI Europe 22.1 9 5 6.9 -0.9
VGK Vanguard FTSE Europe 21.6 9 5 6.9 -0.9
EFV iShares MSCI EAFE Value 21.1 38 -24 9.0 +1.2
DTH WisdomTree DEFA Equity Income 20.8 58 -44 8.6 +0.8
RIDV Invesco International Ultra Dividend Revenue ETF 20.5 42 -28 9.1 +1.3
FEU SPDR DJ Stoxx 50 20.3 9 5 6.8 -1.0
RFEU First Trust Riverfront Dynamic Europe 20.2 83 -69 6.1 -1.6
EUMV iShares MSCI Europe Min Volatility 19.7 25 -11 5.2 -2.6

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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 UK Quality Mix
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.2 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 14 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 CATEGORY
AVERAGE
1.63
 
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.