(QEFA) SPDR MSCI EAFE - Ratings and Ratios

QEFA is a U.S.-registered ETF that tracks the MSCI EAFE Strategic Factors Index, targeting large‑cap equities across Europe, Australasia, and the Far East with a tilt toward value, quality, and low‑volatility characteristics.

The fund manages roughly $924 million in assets, offering a liquidity profile supported by an average daily volume of about 18,600 shares and a bid‑ask spread that typically stays within a few cents of the last price of $86.30.

Key performance metrics include a beta of 0.92 versus the MSCI World Index, indicating modest systematic risk, and a 52‑week price range of $70.13 to $88.10, reflecting a 24 % upside potential from its recent low.

Strategic factor exposure drives the portfolio composition: value screens prioritize low price‑to‑earnings and price‑to‑book ratios; quality screens favor high return on equity and stable earnings; low‑volatility screens select stocks with lower historical price swings, contributing to an average true range of 0.60 (≈0.69 %).

Macro‑economic drivers for QEFA’s performance are anchored in the monetary policy stance of the Eurozone, United Kingdom, and Japan, where central banks’ rate trajectories influence equity valuations and currency translation effects. Additionally, corporate earnings growth in the region, commodity price trends affecting resource‑heavy markets, and geopolitical stability in Europe remain pivotal.

Operational KPIs include an expense ratio of approximately 0.35 %, an annualized distribution yield near 2.5 %, and a turnover rate around 30 % per year, reflecting a balance between factor rebalancing and cost efficiency.

Top holdings typically consist of multinational giants such as Nestlé, Roche, and Toyota, providing sector diversification with overweight exposure to consumer staples, health care, and industrials, while underweighting cyclical sectors like energy and materials.