ETF Evaluator:
Stt Strt® SPDR® MSCI USA StratFacs ETF (QUS)
Follow This ETF
(as of Jul 31)
Best Performing in Large Blend Over the Last Year
| 82.8% | ARS Focused Opportunities Strategy ETF (AFOS) |
| 75.3% | Mohr Company Nav ETF (CNAV) |
| 44.9% | Invesco S&P 500® Momentum ETF (SPMO) |
| 43.7% | iShares MSCI USA Momentum Factor ETF (MTUM) |
| 41.7% | Inspire 100 ETF (BIBL) |
Risk
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Risk
Index
ETF Details
Stt Strt® SPDR® MSCI USA StratFacs ETF Overview
Stt Strt® SPDR® MSCI USA StratFacs ETF (QUS) is a passively managed U.S. Equity Large Blend exchange-traded fund (ETF). State Street Investment Management launched the ETF in 2015.
The investment seeks to track the performance of the MSCI USA Factor Mix A-Series Capped Index.
The fund invests at least 80%, of its total assets in the securities comprising the index. The 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. It 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.
About Stt Strt® SPDR® MSCI USA StratFacs ETF (QUS)
There are 3 members of the management team with an average tenure of 6.52 years: Emiliano Rabinovich (2025), John Law (2018) and Karl Schneider (2015). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and MSCI USA Factor Mix A-SersCap(USD)GR USD index with a weighting of 100%. Stt Strt® SPDR® MSCI USA StratFacs ETF has 529 securities in its portfolio. The top 10 holdings constitute 21.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Stt Strt® SPDR® MSCI USA StratFacs ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Stt Strt® SPDR® MSCI USA StratFacs ETF has 1.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.0% There is 1.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Stt Strt® SPDR® MSCI USA StratFacs ETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $13 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
QUS Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Stt Strt® SPDR® MSCI USA StratFacs ETF expense ratio is low compared to funds in the Large Blend category. Stt Strt® SPDR® MSCI USA StratFacs ETF has an expense ratio of 0.15%, which is 64% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Stt Strt® SPDR® MSCI USA StratFacs ETF has a portfolio turnover rate of 16%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 162% for the Large Blend category.
Recently, in the month of June 2026, Stt Strt® SPDR® MSCI USA StratFacs ETF returned 0.6%, which earned it a grade of B, as the Large Blend category had an average return of -0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Stt Strt® SPDR® MSCI USA StratFacs ETF has a trailing yield of 1.30%, which is above the 1.12% category average.
The fund normally distributes its income semi-annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Stt Strt® SPDR® MSCI USA StratFacs ETF Grades
Year to date, the ETF has returned 7.8%, 2.5 percentage points worse than the category, which translates into a grade of D. The fund has returned 16.1% over the past year (grade of D), 16.7% over the past three years (grade of D) and 11.0% per year over the past five years (grade of D) and 13.7% per year over the past 10 years (grade of D).
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QUS Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| QUS Return (NAV) | 0.6% | 9.3% | 16.1% | 16.7% | 11.0% | 13.7% |
| QUS Return (Price) | 0.7% | 9.5% | 16.1% | 16.7% | 11.0% | 13.7% |
| NAV +/- Price Return | -0.083% | -0.153% | -0.009% | -0.030% | -0.000% | -0.038% |
| Large Blend Avg | -0.0% | 14.5% | 20.9% | 18.8% | 11.8% | 14.1% |
| QUS Grade (NAV) | B | F | D | D | D | D |
| +/- Category (NAV) | 0.6% | -5.2% | -4.7% | -2.2% | -0.7% | -0.4% |
| QUS Tax-Cost Ratio | na | na | 0.6% | 0.5% | 0.6% | 0.7% |
QUS Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QUS Return (NAV) | 7.8% | 14.0% | 19.0% | 21.8% | -14.1% | 26.7% | 12.4% | 32.4% | -3.2% | 21.2% | 11.8% |
| QUS Return (Price) | 7.9% | 14.1% | 19.0% | 21.8% | -14.1% | 26.7% | 12.4% | 32.4% | -3.6% | 21.7% | 9.7% |
| NAV +/- Price Ret | 0.004% | 0.006% | 0.002% | -0.003% | 0.004% | 0.001% | 0.002% | 0.2% | 14.7% | 2.3% | -17.5% |
| Large Blend Avg | 10.3% | 15.4% | 21.8% | 22.9% | -17.1% | 26.9% | 18.6% | 29.7% | -5.0% | 21.6% | 11.2% |
| QUS Grade (NAV) | D | D | D | D | B | C | F | A | A | D | C |
| +/- Category | -2.5% | -1.3% | -2.8% | -1.1% | 3.0% | -0.2% | -6.2% | 2.6% | 1.8% | -0.4% | 0.6% |
| Risk Measures | |
| Beta: | 0.73 |
| R-Squared: | 83% |
| Standard Deviation: | 10.5% |
| Category Risk Index: | 0.79 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.87 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 1.3% |
| Total Assets: | $ 1,526 Mil |
| Share Class Assets: | $ 1,526 Mil |
| Turnover: | 16.0% |
| Expense Ratio: | 0.15% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 11.2 years | |||
| Average Tenure: 6.5 years | |||
| Managers (Year): Schneider Karl (2015), Law John (2018), Rabinovich Emiliano (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 529 |
| % in Top 10 Holdings: | 21.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.7% |
Portfolio Allocation |
|
| Domestic Stock: | 98.0% |
| Foreign Stock: | 1.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | State Street Investment Management |
| Phone Number: | 866-787-2257 |
| Website: | www.spdrs.com |
| Inception Date: | April 15, 2015 |
Expenses and Fees
| Expense Ratio (%): | 0.15% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.42% |
