SPDR MFS Systematic Value Equity
ALTAR
Score™
6.9% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.1x P/Sales
ratio
1.2x
P/BV
ratio
2.2x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR MFS Systematic Value Equity ETF is an open-end fund incorporated in the USA. The Fund seeks capital appreciation.

FUND BASICS
Category US Equities
Fund Sponsor SSgA Funds Management
Website www.spdrs.com
Inception date Jan 09, 2014
Assets (mns) $35
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Proprietary
Index replication Not Applicable
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 49
Wgt avg mkt cap (mns) $131,330
Large cap (>$10bn) 85.9%
Mid cap ($2-10bn) 14.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JOHNSON & JOHNSON 5.1 %
CITIGROUP INC 4.5 %
TARGET CORP 3.4 %
EATON CORP PLC 3.3 %
EXELON CORP 3.2 %
COMCAST CORP-CL A 3.1 %
INTEL CORP 3.1 %
HCA HOLDINGS INC 3.1 %
PHILLIPS 66 3.1 %
TYSON FOODS INC-CL A 2.9 %
Total 34.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.2 %
IRELAND 4.6 %
BRITAIN 1.5 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
24.0% 24.0% 9.6% -- 11.3%

Market Correlations
versus... Beta R-squared
S&P500 0.95 87%
MSCI EAFE 0.92 66%
MSCI Emg. Mkts. 0.59 47%

Technical Indicators
Recent close $72.61
30d moving avg. $71.96
Annualized volatility 12.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.1%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.6%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $19,174

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the SPDR MFS Systematic Value Equity ETF based on the alternatives' overlap in portfolio holdings with SYV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: SYV Expense: 60 bp ALTAR Score™: 6.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH SYV
Ticker Fund
Name
Overlap1
vs SYV
(%)
Expense
ratio
(bp)
Savings
vs SYV
(bp)
ALTAR
Score™
(%)
ALTAR
vs SYV
(%)
SYE SPDR MFS Systematic Equity 52.0 60 0 5.8 -1.1
PWV Invesco Dynamic Large Cap Value 31.5 55 5 8.1 +1.2
REVS Columbia Research Enhanced Value 28.8 19 41 7.2 +0.3
FCPI Fidelity Stocks for Inflation 27.0 29 31 6.8 -0.2
MGV Vanguard Mega Cap 300 Value 25.4 7 53 6.8 -0.1
IWX iShares Russell Top 200 Value 24.6 20 40 6.6 -0.3
JKF iShares Morningstar Large Value 24.4 25 35 7.4 +0.5
FVAL Fidelity Value Factor 24.1 29 31 7.6 +0.7
SCHV Schwab U.S. Large-Cap Value 24.0 4 56 6.7 -0.3
SPVU Invesco S&P 500 Value 23.0 13 47 10.2 +3.3
VTV Vanguard Value ETF 23.0 4 56 6.9 -0.0
VYM Vanguard High Dividend Yield ETF 22.7 6 54 7.0 +0.0
DIVB iShares U.S. Dividend & Buyback 22.7 25 35 6.4 -0.5
CLRG IQ Chaikin U.S. Large Cap 22.5 25 35 7.7 +0.8
OYLD Invesco Russell 1000 Yield Factor ETF 22.1 19 41 6.8 -0.1
SYG SPDR MFS Systematic Growth Equity 21.7 61 -1 5.4 -1.6
QLC FlexShares US Quality Large Cap 21.5 32 28 5.7 -1.2
FMK First Trust Mega Cap AlphaDEX 21.5 70 -10 5.4 -1.6
RECS Columbia Research Enhanced Core 21.4 15 45 5.8 -1.2
JVAL JPMorgan U.S. Value Factor 21.4 12 48 8.2 +1.3

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

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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 MFS Systematic Value Equity
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 14.7 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.50 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.