SPDR MSCI UK StrategicFactors ETF
ALTAR
Score™
7.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
20.9x P/Sales
ratio
1.3x
P/BV
ratio
1.6x Div.
yield
3.4%


  • 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) $12
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 106
Wgt avg mkt cap (mns) $53,414
Large cap (>$10bn) 86.2%
Mid cap ($2-10bn) 13.2%
Small cap (<$2bn) 0.2%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
ASTRAZENECA PLC 6.0 %
HSBC HOLDINGS PLC 5.0 %
GLAXOSMITHKLINE PLC 4.3 %
DIAGEO PLC 4.2 %
BRITISH AMERICAN TOBACCO PLC 3.8 %
ROYAL DUTCH SHELL PLC-A SHS 3.3 %
BP PLC 3.3 %
RIO TINTO PLC 3.2 %
UNILEVER PLC 3.1 %
RECKITT BENCKISER GROUP PLC 2.8 %
Total 39.0 %

TOP COUNTRY EXPOSURE
BRITAIN 95.5 %
IRELAND 1.8 %
SWITZERLAND 1.6 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.5% -10.0% 0.4% -- -1.3%

Market Correlations
versus... Beta R-squared
S&P500 0.95 73%
MSCI EAFE 1.08 93%
MSCI Emg. Mkts. 0.83 69%

Technical Indicators
Recent close $44.02
30d moving avg. $41.31
Annualized volatility 20.8%
Short interest (ETF) 0.4%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.7%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $4,398

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the SPDR MSCI UK StrategicFactors ETF 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™: 7.5%


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 ETF 92.3 50 -36 7.0 -0.5
FLGB Franklin FTSE United Kingdom ETF 91.0 9 5 7.4 -0.1
FKU First Trust United Kingdom AlphaDEX Fund 32.1 80 -66 7.5 -0.1
OEUR O'shares FTSE Europe Quality Dividend ETF 26.9 48 -34 6.6 -0.9
IEV iShares Europe ETF 22.3 59 -45 6.4 -1.1
BBEU JPMorgan BetaBuilders Europe ETF 21.9 9 5 6.9 -0.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 21.5 45 -31 6.3 -1.2
FLEH Franklin FTSE Europe Hedged ETF 21.4 9 5 6.7 -0.8
FLEE Franklin FTSE Europe ETF 21.2 9 5 6.6 -0.9
EUDG WisdomTree Europe Quality Dividend Growth Fund 20.2 58 -44 5.8 -1.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 19.5 20 -6 9.1 +1.5
VGK Vanguard FTSE Europe ETF 19.2 8 6 6.9 -0.6
IEUR iShares Core MSCI Europe ETF 19.2 9 5 6.8 -0.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 18.4 25 -11 6.1 -1.5
FEU SPDR Portfolio Europe ETF 18.1 9 5 6.8 -0.7
EUFN iShares MSCI Europe Financials ETF 17.8 48 -34 10.8 +3.3
EFV iShares MSCI EAFE Value ETF 17.6 39 -25 8.8 +1.2
JPIN JPMorgan Diversified Return International Equity ETF 16.3 37 -23 7.4 -0.1
RFEU First Trust Riverfront Dynamic Europe ETF 15.8 83 -69 5.6 -1.9
IVLU iShares Edge MSCI Intl Value Factor ETF 15.1 30 -16 10.7 +3.1
IQLT iShares Edge MSCI Intl Quality Factor ETF 14.7 30 -16 5.7 -1.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 14.4 58 -44 6.0 -1.6
IDY Pacific Global International Equity Income ETF 14.2 39 -25 8.7 +1.2
JHMD John Hancock Multifactor Developed International ETF 14.2 39 -25 6.8 -0.7
IQDG WisdomTree International Quality Dividend Growth Fund 14.1 42 -28 6.1 -1.5
QEFA SPDR MSCI EAFE Quality Mix ETF 14.1 30 -16 6.4 -1.2
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 14.0 45 -31 8.1 +0.5
FNDF Schwab Fundamental International Large Co. Index ETF 14.0 25 -11 8.1 +0.5
INTF iShares Edge MSCI Multifactor Intl ETF 13.9 30 -16 7.6 +0.1
GSID Goldman Sachs MarketBeta International Equity ETF 13.8 20 -6 6.8 -0.7
ISDX Invesco Strategic Developed ex-US ETF 13.6 23 -9 6.6 -0.9
IDV iShares International Select Dividend ETF 13.5 49 -35 9.4 +1.9
EFA iShares MSCI EAFE ETF 13.3 32 -18 6.6 -1.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 13.3 35 -21 6.5 -1.1
ESGD iShares MSCI EAFE ESG Optimized ETF 13.0 20 -6 6.4 -1.1
DOO WisdomTree International Dividend ex-Financials Fund 12.7 58 -44 8.6 +1.0
DTH WisdomTree DEFA Equity Income Fund 12.7 58 -44 9.5 +2.0
NUDM Nuveen ESG International Developed Markets Equity ETF 12.4 40 -26 6.2 -1.4
DOL WisdomTree International LargeCap Dividend Fund 12.4 48 -34 8.5 +0.9
HFXI IQ 50 Percent Hedged FTSE International ETF 12.4 20 -6 6.9 -0.6
IQSI IQ Candriam ESG International Equity ETF 12.3 15 -1 6.9 -0.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 12.0 7 7 6.9 -0.6
IDOG ALPS International Sector Dividend Dogs ETF 11.9 50 -36 10.1 +2.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 11.9 20 -6 6.6 -1.0
IEFA iShares Core MSCI EAFE ETF 11.7 7 7 6.8 -0.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 11.6 39 -25 6.1 -1.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 11.6 25 -11 6.3 -1.3
RESD WisdomTree International ESG Fund 11.5 30 -16 6.4 -1.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 11.4 20 -6 10.6 +3.0
DMDV AAM S&P Developed Markets High Dividend Value ETF 11.4 39 -25 10.5 +3.0
WWJD Inspire International ESG ETF 11.4 80 -66 6.4 -1.2
IDHQ Invesco S&P International Developed Quality ETF 11.4 29 -15 4.8 -2.8
EFAS Global X MSCI SuperDividend EAFE ETF 11.3 56 -42 8.3 +0.8
BKIE BNY Mellon International Equity ETF 11.2 4 10 6.9 -0.7
SCHF Schwab International Equity ETF 11.2 6 8 6.8 -0.7
GUNR Flexshares Morningstar Global Upstream Natural Resources 11.1 46 -32 5.7 -1.9
PDEV Principal International Multi-Factor Core Index ETF 11.0 25 -11 7.3 -0.2
DFAI Dimensional International Core Equity Market ETF 11.0 18 -4 6.9 -0.7
EUDV ProShares MSCI Europe Dividend Growers ETF 10.9 58 -44 5.7 -1.8
DWM WisdomTree International Equity Fund 10.9 48 -34 8.1 +0.6
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 10.9 45 -31 10.1 +2.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 10.8 14 0 6.4 -1.1
IDEV iShares Core MSCI International Developed Markets ETF 10.7 5 9 6.7 -0.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 10.6 35 -21 8.3 +0.8
KXI iShares Global Consumer Staples ETF 10.4 46 -32 5.2 -2.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 10.3 35 -21 6.3 -1.3
SPDW SPDR Portfolio Developed World ex-US ETF 10.2 4 10 6.6 -1.0
FDEV Fidelity Targeted International Factor ETF 10.0 39 -25 6.2 -1.3
FEP First Trust Europe AlphaDEX Fund 10.0 80 -66 7.7 +0.1
RBIN Nationwide Risk-Based International Equity ETF 9.9 42 -28 6.1 -1.4
IQIN IQ 500 International ETF 9.9 25 -11 7.8 +0.3
VEA Vanguard FTSE Developed Markets ETF 9.9 5 9 6.9 -0.7
RFDI First Trust Riverfront Dynamic Developed International ETF 9.9 83 -69 5.2 -2.3
MXI iShares Global Materials ETF 9.8 45 -31 5.4 -2.2
VYMI Vanguard International High Dividend Yield ETF 9.7 27 -13 9.5 +2.0
GNR SPDR S&P Global Natural Resources ETF 9.7 40 -26 5.9 -1.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 9.7 29 -15 7.4 -0.2
FIVA Fidelity International Value Factor ETF 9.5 39 -25 9.1 +1.6
VGFO Virtus WMC Global Factor Opportunities ETF 9.5 49 -35 7.6 +0.0
IQDE FlexShares International Quality Dividend Defensive Index Fd 9.5 47 -33 8.4 +0.9
FYLD Cambria Foreign Shareholder Yield ETF 9.4 59 -45 5.9 -1.7
FILL iShares MSCI Global Energy Producers ETF 9.4 39 -25 6.2 -1.4
IXC iShares Global Energy ETF 9.4 46 -32 5.8 -1.7
EFG iShares MSCI EAFE Growth ETF 9.2 40 -26 4.3 -3.3
PICK iShares MSCI Global Metals & Mining Producers ETF 9.0 39 -25 6.1 -1.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 8.7 20 -6 5.2 -2.4
EFAD ProShares MSCI EAFE Dividend Growers ETF 8.7 51 -37 6.0 -1.6
CIL VictoryShares International Volatility Weighted Index ETF 8.7 45 -31 6.5 -1.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 8.7 45 -31 6.5 -1.0
ISZE iShares Edge MSCI Intl Size Factor ETF 8.6 30 -16 6.6 -1.0
CWI SPDR MSCI ACWI ex-US ETF 8.6 30 -16 6.8 -0.8
ACWX iShares MSCI ACWI ex U.S. ETF 8.5 32 -18 6.8 -0.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.5 40 -26 6.7 -0.9
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.4 47 -33 8.5 +1.0
UIVM VictoryShares USAA MSCI International Value Momentum ETF 8.2 35 -21 8.2 +0.7
DMXF iShares ESG Advanced MSCI EAFE ETF 8.0 12 2 6.4 -1.1
VEU Vanguard FTSE All-World ex-US Index Fund 8.0 8 6 7.1 -0.4

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 UK StrategicFactors ETF
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 11.7 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 14 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.55
 
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.