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Equity securities of Silicon Valley Bank (SIVB) and Signature Bank of New York (SBNY) have been valued at a zero price based on the determination of the funds' Valuation Committee. Equity securities of SIVB were first priced at zero as of the close of business on March 10, 2023 while equity securities of SBNY were priced at zero as of the close of business on March 13, 2023.


SPDR® MSCI USA StrategicFactors℠ ETF QUS

NAV
$112.63
as of Mar 27 2023
Base Currency
USD
Assets Under Management
$928.06 M
as of Mar 27 2023
Gross Expense Ratio
0.15%

Key Features


  • The SPDR® MSCI USA StrategicFactorsSM ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI USA Factor Mix A-Series Capped Index (the “Index”)
  • Seeks to track a Smart Beta index that blends low volatility, quality and value exposures together in a single strategy
  • The resulting mix may offer a low-volatility strategy with an equal focus on high-quality and attractively valued firms
  • Multi-factor smart beta strategies can bridge the gap between active and passive management, providing an opportunity for investors to rethink exposures and potentially maximize risk-adjusted returns more efficiently

About this Benchmark


The MSCI USA Factor Mix A-Series Capped Index is designed to measure the equity market performance of large-and mid-cap companies across the U.S. equity market. It aims to represent the performance of a combination of three factors: value, quality, and low volatility. The Index is an equal weighted combination of the following three MSCI Factor Indices in a single composite index: the MSCI USA Value Weighted Index, the MSCI USA Quality Index, and the MSCI USA Minimum Volatility Index.


Fund Information as of Mar 28 2023

Benchmark MSCI USA Factor Mix A-Series Capped Index
Inception Date Apr 15 2015
Options Available No
Gross Expense Ratio
0.15%
Base Currency USD
Administrator State Street Global Advisors Funds Management Inc.
Investment Manager SSGA Funds Management, Inc.
Management Team Global Equity Beta Solutions
Distributor State Street Global Advisors Funds Distributors, LLC
Distribution Frequency Semi-Annually

Listing Information as of Mar 28 2023

Exchange Listing Date Trading Currency Ticker CUSIP ISIN
NYSE ARCA EXCHANGE Apr 16 2015 USD QUS 78468R812 US78468R8126

Fund Characteristics as of Mar 27 2023

Est. 3-5 Year EPS Growth
10.21%
Number of Holdings 627
Price/Book Ratio
3.59
Price/Earnings Ratio FY1
17.34
Weighted Average Market Cap $342,997.00 M

Index Characteristics as of Feb 28 2023

Est. 3-5 Year EPS Growth 10.07%
Number of Holdings 625
Price/Cash Flow 12.44
Price/Earnings 17.71
Price/Earnings Ratio FY1 17.22

Index Statistics as of Feb 28 2023

Weighted Average Market Cap
$276,296.80 M

Yields as of Mar 24 2023

30 Day SEC Yield
1.72%
30 Day SEC Yield (Unsubsidized)
-
Fund Distribution Yield
1.65%
Index Dividend Yield
1.88%

Fund Market Price as of Mar 27 2023

Bid/Ask
$112.66
Closing Price
$112.61
Day High $113.09
Day Low $112.60
Exchange Volume (Shares)
3,914
Premium/Discount
0.03%
30-Day Median Bid/Ask Spread
0.05%

Premium Discount to NAV Graph and Summary

Number of Days Summary

Calendar Year 2022
Days Traded at Premium
159
Days Traded at Discount
92

Because ETFs trade like stocks at current market prices, shareholders may pay more than a fund’s NAV when purchasing fund shares and may receive less than a fund’s NAV when selling fund shares.

Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.


Fund Net Cash Amount as of Mar 27 2023

Net Cash Amount $919,738.98

Fund Net Asset Value as of Mar 27 2023

NAV
$112.63
Shares Outstanding 8.24 M
Assets Under Management $928.06 M

Fund Performance

  • Fund Inception Date: Apr 15 2015

as of Feb 28 2023

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 15 2015
Fund Before Tax
NAV Feb 28 2023 -2.83% 1.60% 1.60% -4.94% 10.57% 9.51% - 10.26%
Market Value Feb 28 2023 -2.88% 1.55% 1.55% -4.96% 10.52% 9.47% - 10.25%
Benchmark
Feb 28 2023 -2.84% 1.62% 1.62% -4.84% 10.77% 9.72% - 10.44%
Fund After Tax
Return after Taxes on Distributions Feb 28 2023 -2.83% 1.60% 1.60% -5.33% 10.14% 9.01% - 9.73%
Return after Taxes on Distributions and Sale of Fund Shares Feb 28 2023 -1.68% 0.95% 0.95% -2.68% 8.21% 7.43% - 8.19%
Benchmark
Feb 28 2023 -2.84% 1.62% 1.62% -4.84% 10.77% 9.72% - 10.44%

as of Dec 31 2022

As Of 1 Month QTD YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Apr 15 2015
Fund Before Tax
NAV Dec 31 2022 -4.76% 9.81% -14.09% -14.09% 6.92% 9.37% - 10.26%
Market Value Dec 31 2022 -4.71% 9.73% -14.10% -14.10% 6.94% 9.32% - 10.26%
Benchmark
Dec 31 2022 -4.77% 9.87% -14.00% -14.00% 7.10% 9.57% - 10.44%
Fund After Tax
Return after Taxes on Distributions Dec 31 2022 -5.00% 9.54% -14.44% -14.44% 6.50% 8.87% - 9.71%
Return after Taxes on Distributions and Sale of Fund Shares Dec 31 2022 -2.67% 5.98% -8.11% -8.11% 5.33% 7.32% - 8.18%
Benchmark
Dec 31 2022 -4.77% 9.87% -14.00% -14.00% 7.10% 9.57% - 10.44%

Past performance is not a reliable indicator of future performance. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Performance of an index is not illustrative of any particular investment.  All results are historical and assume the reinvestment of dividends and capital gains. It is not possible to invest directly in an index.

Performance returns for periods of less than one year are not annualized.  Performance is shown net of fees.

Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income as applicable.

The market price used to calculate the Market Value return is the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund's NAV is calculated. If you trade your shares at another time, your return may differ.

Gross Expense Ratio: 0.15%


Top Holdings

Fund Top Holdings as of Mar 27 2023

Name Shares Held Weight
Microsoft Corporation 111,968 3.34%
Apple Inc. 178,348 3.04%
Meta Platforms Inc. Class A 103,975 2.27%
NVIDIA Corporation 78,159 2.24%
UnitedHealth Group Incorporated 40,510 2.11%
Johnson & Johnson 121,658 2.01%
Home Depot Inc. 63,883 1.94%
Visa Inc. Class A 72,499 1.73%
Merck & Co. Inc. 140,183 1.62%
Alphabet Inc. Class C 143,196 1.59%
Download All Holdings: Daily

Sector Allocation

as of Mar 27 2023
as of Feb 28 2023

Fund Sector Breakdown as of Mar 27 2023

Sector Weight
Information Technology 27.26%
Health Care 17.87%
Financials 11.00%
Communication Services 9.49%
Industrials 9.48%
Consumer Staples 8.01%
Consumer Discretionary 7.47%
Utilities 3.84%
Materials 2.57%
Energy 1.81%
Real Estate 1.20%

Index Sector Breakdown as of Feb 28 2023

Sector Weight
Information Technology 26.24%
Health Care 17.74%
Financials 12.34%
Industrials 9.53%
Communication Services 8.89%
Consumer Staples 7.88%
Consumer Discretionary 7.69%
Utilities 3.78%
Materials 2.71%
Energy 1.88%
Real Estate 1.32%

Purchase Information


Buying and Selling ETFs

ETFs are flexible and easy to trade. Investors buy and sell them like stocks, typically through a brokerage account. Investors can also employ traditional stock trading techniques; including stop orders, limit orders, margin purchases, and short sales using ETFs. They are listed on major US Stock Exchanges.

ETFs are subject to risk similar to those of stocks including those regarding short-selling and margin account maintenance.

Ordinary brokerage commissions apply.


In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETF shares may be bought and sold on the exchange through any brokerage account, ETF shares are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.

After-tax returns are calculated based on NAV using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts.

Unless otherwise noted all information contained herein is that of the SPDR® MSCI USA StrategicFactorsSM ETF.

Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index.

Holdings and sectors shown are as of the date indicated and are subject to change. This information should not be considered a recommendation to invest in a particular sector or to buy or sell any security shown. It is not known whether the sectors or securities shown will be profitable in the future.

As with all stocks, you may be required to deposit more money or securities into your margin account if the equity, including the amount attributable to your ETF shares, declines.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with SSGA Funds Management, Inc and any related funds.

MSCI - Net total return indices reinvest dividends after the deduction of withholding taxes, using (for international indices) a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.