Skip to content
etf.net

QEMM

GradeBNew York Stock Exchange Arca

State Street SPDR MSCI Emerging Markets StrategicFactors ETF

Factor & Screened Index · SPDR · Inception 2014-06-04 · SEC filings

$81.68−1.40 (−1.68%)

As of Sep 23, 2026, 3:06 PM EDT

Intraday session: down, 12 prints from 83.08 to 81.68. Range 81.68 to 82.29. Use the arrow keys to read each point.$81.80$82.00$82.2010 AM12 PM2 PM4 PM
Expense ratio
0.30%
Fund size
$62M
1Y return
+30.9%
Yield · Last 12 months
4.24%
Holdings
789
Volume · 30D
0M sh
NAV per share
$82.32
52W range
low $63.92high $83.21

The ETF.net QEMM Grade

B

66/ 100

Rank 4 of 20 in Emerging Markets Multifactor⁠

Confidence Medium

Six-pillar profile for QEMM. Scores out of 100: Cost 82, Risk 71, Mission not scored, Tradability 42, Holdings 59, Durability 52. Strongest: Cost (82). Weakest: Tradability (42). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 66 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 82
    Category rank4/20 · top 20%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 71
    Category rank2/19 · top 11%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 42
    Category rank12/20 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 59
    Category rank10/20 · top 50%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 52
    Category rank11/20 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on QEMM

ETF.net Research

BInstead of betting on one factor, QEMM buys value, quality and low volatility across emerging markets at once, packing roughly 800 stocks into a single MSCI factor-blend index for 0.30% a year.

Stated mandate

The fund seeks to track the MSCI Emerging Markets (EM) Factor Mix A-Series Index.

Why people hold it

  1. 01One ticket, three tilts: the MSCI EM Factor Mix A-Series Index blends value, quality and low volatility, so no single style has to be in favor for the strategy to run as designed.ssga.com
  2. 02At 0.30% a year it undercuts the typical fee in the multifactor emerging-markets crowd, and the portfolio is built by index rules rather than a manager's hunch.
  3. 03Running since 2014 with roughly 800 holdings and State Street behind the wrapper: a long-lived option in a corner of the market where niche products often quietly close.
  4. 04The low-volatility sleeve is the tell. This is emerging-markets exposure assembled to smooth the ride, not to chase the hottest single factor.ssga.com

Worth knowing

  1. 01Trades thinner than the category's household names, so spreads can be wider. That bites most on large or hurried orders.
  2. 02Splitting the bet three ways dilutes each factor by design, so the portfolio rarely looks or moves like a plain-vanilla emerging-markets index.
  3. 03Distributions land once or twice a year rather than quarterly, and peers such as EMGF carry a lower fee for multifactor EM exposure.

QEMM Holdings

As of Sep 21, 2026, 3:48 PM
Asset class
Stocks
Holdings
789
Top-10 weight
24%
Largest holding
2330.TW6.8%

Sectors

  • Technology34.2%
  • Financials20.6%
  • Consumer Discr.8.8%
  • Materials7.7%
  • Industrials6.3%
  • Communication6.3%
  • Cons. Staples5.0%
  • Energy4.6%
  • Health Care3.5%
  • Utilities2.3%
  • Real Estate0.7%

Geography

  • Taiwan27.82%
  • China19.92%
  • India13.31%
  • South Korea11.06%
  • Saudi Arabia4.21%
  • Brazil3.57%
  • South Africa2.50%
  • United Arab Emirates2.23%
  • Other countries (25)15.38%

Developed 3% · Emerging 97% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 56.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0012330.TWTAIWAN SEMICONDUCTOR MANUFAC6.83%56,495$4M175
002—RUSSIAN RUBLE4.64%250,571,729$3M13
0032454.TWMEDIATEK INC3.67%15,877$2M162
0042308.TWDELTA ELECTRONICS INC1.93%22,623$1M154
005A005930SAMSUNG ELECTRONICS CO LTD1.50%5,082$951K7
0060939.HKCHINA CONSTRUCTION BANK H1.41%737,394$893K106
0072222SAUDI ARABIAN OIL CO1.12%105,649$713K4
008ANGANGLOGOLD ASHANTI PLC1.12%7,182$711K5
0091398.HKIND + COMM BK OF CHINA H1.09%732,448$694K100
0103988.HKBANK OF CHINA LTD H1.03%868,071$656K98
011A000660SK HYNIX INC1.00%477$635K8
0122383.TWELITE MATERIAL CO LTD0.96%4,000$610K114
0135274ASPEED TECHNOLOGY INC0.95%1,000$602K6
014TCS.NSTATA CONSULTANCY SVCS LTD0.78%22,782$496K29
015GFIGOLD FIELDS LTD0.75%11,400$477K51

Showing 1–15 of 835 holdings

QEMM Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

QEMM$13,087
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. QEMM $13,087. SPY $11,723. Use the arrow keys to read each point.$9,246$11,316$13,386Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for QEMM. Periods over one year show the average yearly return.
PeriodQEMM
Year to date+27.2%
1 month+2.2%
3 months+1.1%
1 year+30.9%
3 years+20.4%per year
5 years+8.6%per year
10 years+7.8%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for QEMM
YearReturn barQEMM
2026 YTD+27.2%
2025+21.9%
2024+5.0%
2023+12.5%
2022−17.8%
2021+6.3%
2020+9.9%

QEMM in the news

ETF.net Research hasn’t filed on QEMM yet — coverage lands here as it’s written.

QEMM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
4.24%Last 12 months
Payout per share
$3.52Last 12 months
Last payment
$1.05 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.42; Dec 15, 2017 $0.94; Jun 1, 2018 $0.37; Dec 21, 2018 $1.19; Jun 3, 2019 $0.52; Dec 20, 2019 $1.33; Jun 1, 2020 $0.48; Dec 18, 2020 $1.14; Jun 1, 2021 $0.36; Dec 17, 2021 $1.23; Jun 1, 2022 $0.59; Dec 16, 2022 $1.59; Jun 1, 2023 $1.23; Dec 15, 2023 $1.56; Jun 3, 2024 $1.20; Dec 18, 2024 $1.75; Jun 2, 2025 $0.76; Nov 25, 2025 $2.48; Jun 1, 2026 $1.05. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 1, 2026Jun 5, 2026$1.05
Nov 25, 2025Dec 2, 2025$2.48
Jun 2, 2025Jun 6, 2025$0.76
Dec 18, 2024Dec 24, 2024$1.75
Jun 3, 2024Jun 7, 2024$1.20
Dec 15, 2023Dec 22, 2023$1.56
Jun 1, 2023Jun 8, 2023$1.23
Dec 16, 2022Dec 23, 2022$1.59
Jun 1, 2022Jun 8, 2022$0.59
Dec 17, 2021Dec 27, 2021$1.23
Jun 1, 2021Jun 8, 2021$0.36
Dec 18, 2020Dec 28, 2020$1.14

QEMM Risk

How much the fund’s monthly returns vary, scaled to a year.
12.8%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.10
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−27.1%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.95
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

QEMM Cost

Expense ratio0.30%
  • The middle half of Emerging Markets Multifactor funds
  • Median 0.47%

3 of the 20 Emerging Markets Multifactor funds charge less.

QEMM costs $30.00 a year on $10,000. The median Emerging Markets Multifactor fund costs $47.00.