SPDR MSCI EAFE StrategicFactors ETF QEFA has a great shot of delivering better risk-adjusted performance than the MSCI ACWI ex USA Index over the long term. It doesn't diversify across factors as well as other multifactor strategies, with two thirds of its portfolio dedicated to low risk styles. But cutting back on risk can go a long way toward improving risk-adjusted performance. It earns a Morningstar Analyst Rating of Silver.
SPDR® MSCI EAFE StrategicFactors ETF QEFA
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will QEFA outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable QEFA’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the QEFA management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of QEFA’s parent organization’s priorities and whether they’re in line with investors’ interests.
A multifactor strategy that leans toward high-quality stocks.
