Symbols

QUS

State Street SPDR MSCI USA StrategicFactors ETF·ARCA

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Key Stats

Assets Under Management

1.59BUSD

Fund Flows (1Y)

-53.84MUSD

Dividend Yield

2.09%

Discount/Premium to NAV

-0.03%

Shares Outstanding

8.85M

Expense Ratio

0.15%

About State Street SPDR MSCI USA StrategicFactors ETF

Issuer

State Street Global Advisors

Brand

SPDR

Home Page

https://www.ssga.com/us/en/intermediary/etfs/state-street-spdr-msci-usa-strategicfactors-etf-qus

Inception Date

Apr 15, 2015

Structure

Open-Ended Fund

Index Tracked

MSCI USA Factor Mix A-Series Capped Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

SSgA Funds Management, Inc.

Distributor

State Street Corp. (Fund Distributor)

QUS follows a multifactor strategy to target the large- and mid-cap segments of the US equity market. The fund tracks an index consisting of three single-factor subindexes— MSCI USA Value Weighted, MSCI USA Minimum Volatility and MSCI USA Quality, all of which are equally weighted at semi-annual rebalance. The index also aims to meet the Regulated Investment Company (RIC) requirements by employing a capping methodology, so that no individual constituent exceeds 25% of index weight and the aggregate weight of constituents with over 5% weight in the index are capped at 50% weight of the portfolio. While QUS is not literally a fund of funds, it can be thought of as such since there are stand-alone ETFs tracking each of its subindexes.