FlexShares STOXX Global ESG Impact Index Fund
ALTAR
Score™
5.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.5x P/Sales
ratio
1.8x
P/BV
ratio
2.2x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The FlexShares STOXX Global ESG Impact Index Fund follows a principles-based global index composed of companies that exhibit environmental, social, and corporate governance (ESG) characteristics.

FUND BASICS
Category Global Equities
Fund Sponsor Northern Trust
Website www.flexshares.com
Inception date Jul 13, 2016
Assets (mns) $101
Currency USD
Expense ratio 42 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Principles-based
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 741
Wgt avg mkt cap (mns) $308,998
Large cap (>$10bn) 94.7%
Mid cap ($2-10bn) 5.2%
Small cap (<$2bn) 0.1%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
MICROSOFT CORP 5.4 %
APPLE INC 5.2 %
AMAZON.COM INC 4.0 %
ALPHABET INC. CLASS C 2.1 %
PROCTER & GAMBLE CO/THE 1.7 %
INTEL CORP 1.6 %
VERIZON COMMUNICATIONS INC 1.1 %
NESTLE SA-REG 1.1 %
BANK OF AMERICA CORP 1.1 %
AT&T INC 1.1 %
Total 24.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 58.0 %
JAPAN 8.6 %
BRITAIN 6.1 %
SWITZERLAND 4.6 %
FRANCE 4.3 %
GERMANY 2.6 %
AUSTRALIA 2.4 %
CANADA 1.8 %
IRELAND 1.7 %
NETHERLANDS 1.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.2% 8.9% -- -- 9.2%

Market Correlations
versus... Beta R-squared
S&P500 0.91 98%
MSCI EAFE 0.95 92%
MSCI Emg. Mkts. 0.70 76%

Technical Indicators
Recent close $100.70
30d moving avg. $95.34
Annualized volatility 15.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.3%
Bid/Ask (% of price) 0.39%
ADV underlying (mns) $213,084

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the FlexShares STOXX Global ESG Impact Index Fund ETF based on the alternatives' overlap in portfolio holdings with ESGG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ESGG Expense: 42 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ESGG
Ticker Fund
Name
Overlap1
vs ESGG
(%)
Expense
ratio
(bp)
Savings
vs ESGG
(bp)
ALTAR
Score™
(%)
ALTAR
vs ESGG
(%)
TOK iShares MSCI Kokusai ETF 61.8 25 17 5.8 +0.1
URTH iShares MSCI World ETF 60.4 24 18 5.9 +0.2
ESG FlexShares STOXX US ESG Impact Index Fund 57.6 32 10 5.3 -0.5
PBP Invesco S&P 500 BuyWrite ETF 56.1 49 -7 5.1 -0.6
HSPX Global X S&P 500 Covered Call ETF 56.0 65 -23 5.0 -0.8
SPLG SPDR Portfolio Large Cap ETF 54.9 3 39 5.6 -0.2
IVV iShares Core S&P 500 ETF 54.9 4 38 5.6 -0.2
SPY SPDR S&P 500 ETF Trust 54.9 9 33 5.5 -0.2
VOO VANGUARD S&P 500 ETF 54.8 3 39 5.6 -0.1
PBUS Invesco PureBeta MSCI USA ETF 54.6 4 38 5.4 -0.3
VV Vanguard Large-Cap Index Fund 54.5 4 38 5.4 -0.3
ACWI iShares MSCI ACWI ETF 54.3 32 10 6.2 +0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 54.2 2 40 5.5 -0.2
SPXE ProShares S&P 500 Ex-Energy ETF 53.7 27 15 5.5 -0.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 53.7 20 22 5.6 -0.2
MGC Vanguard Mega Cap Index Fund 53.5 7 35 5.4 -0.4
SCHX Schwab U.S. Large-Cap ETF 53.4 3 39 5.5 -0.3
SNPE Xtrackers S&P 500 ESG ETF 52.7 11 31 5.3 -0.5
IWL iShares Russell Top 200 ETF 52.5 15 27 5.2 -0.5
SPTM SPDR Portfolio Total Stock Market ETF 52.3 3 39 5.7 -0.1
IWB iShares Russell 1000 ETF 52.3 15 27 5.3 -0.4
SCHK Schwab 1000 Index ETF 52.2 5 37 5.4 -0.3
VONE Vanguard Russell 1000 ETF 51.9 8 34 5.4 -0.3
LOWC SPDR MSCI ACWI Low Carbon Target ETF 51.9 20 22 6.5 +0.8
IYY iShares Dow Jones U.S. ETF 51.8 20 22 5.3 -0.4
CRBN iShares MSCI ACWI Low Carbon Target ETF 51.7 20 22 6.5 +0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 51.2 20 22 5.1 -0.6
SPXN ProShares S&P 500 Ex-Financials ETF 51.0 27 15 5.2 -0.6
ESGV Vanguard ESG U.S. Stock ETF 50.9 12 30 5.4 -0.4
SCHB Schwab U.S. Broad Market ETF 50.3 3 39 5.4 -0.3
VTI Vanguard Total Stock Market Index Fund 50.2 3 39 5.3 -0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 50.2 3 39 5.3 -0.4
IWV iShares Russell 3000 ETF 50.1 20 22 5.2 -0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 50.1 27 15 5.2 -0.5
VTHR Vanguard Russell 3000 Index Fund 49.8 10 32 5.3 -0.4
QWLD SPDR MSCI World StrategicFactors ETF 49.4 30 12 6.2 +0.4
VT Vanguard Total World Stock Index Fund 49.2 8 34 6.4 +0.7
IQSU IQ Candriam ESG US Equity ETF 49.2 9 33 5.3 -0.4
CATH Global X S&P 500 Catholic Values Custom ETF 48.5 29 13 5.4 -0.3
ESGU iShares MSCI USA ESG Optimized ETF 48.2 15 27 5.2 -0.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 47.9 9 33 6.3 +0.6
SFY SoFi Select 500 ETF 47.8 0 42 5.4 -0.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 46.6 12 30 5.1 -0.6
OEF iShares S&P 100 ETF 45.7 20 22 5.0 -0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 45.2 9 33 5.6 -0.1
EPS WisdomTree U.S. Earnings 500 Fund 44.5 8 34 6.6 +0.8
JHML John Hancock Multifactor Large Cap ETF 43.1 34 8 5.6 -0.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 43.0 25 17 6.3 +0.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 42.7 25 17 6.7 +0.9
QUS SPDR MSCI USA StrategicFactors ETF 42.1 15 27 5.9 +0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 41.7 25 17 6.6 +0.9
NACP Impact Shares NAACP Minority Empowerment ETF 41.3 75 -33 4.6 -1.1
SPYG SPDR Portfolio S&P 500 Growth ETF 41.2 4 38 4.5 -1.2
IVW iShares S&P 500 Growth ETF 41.2 18 24 4.4 -1.4
VOOG Vanguard S&P 500 Growth ETF 41.1 10 32 4.5 -1.3
AVUS Avantis U.S. Equity ETF 40.8 15 27 5.9 +0.2
IUSG iShares Core S&P US Growth ETF 40.7 4 38 4.5 -1.2
IUS Invesco Strategic US ETF 40.3 19 23 6.3 +0.6
IOO iShares Global 100 ETF 40.3 40 2 5.0 -0.8
DIVB iShares U.S. Dividend & Buyback ETF 40.0 25 17 6.6 +0.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 39.4 15 27 6.4 +0.7
PRF Invesco FTSE RAFI US 1000 ETF 39.3 39 3 6.9 +1.2
DLN WisdomTree U.S. LargeCap Dividend Fund 39.2 28 14 6.5 +0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 38.8 60 -18 4.6 -1.2
WOMN Impact Shares YWCA Women's Empowerment ETF 38.5 75 -33 4.6 -1.1
XLG Invesco S&P 500 Top 50 ETF 38.3 20 22 4.7 -1.0
SPXT ProShares S&P 500 Ex-Technology ETF 38.1 27 15 5.7 -0.0
RWL Invesco S&P 500 Revenue ETF 37.8 39 3 6.9 +1.2
IWF iShares Russell 1000 Growth ETF 37.8 19 23 4.4 -1.4
VONG Vanguard Russell 1000 Growth Index Fund 37.8 8 34 4.5 -1.3
DTD WisdomTree U.S.Total Dividend Fund 37.7 28 14 6.7 +1.0
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 37.6 29 13 4.4 -1.4
RECS Columbia Research Enhanced Core ETF 36.6 15 27 5.7 +0.0
EXT WisdomTree U.S. Total Earnings Fund 35.8 28 14 5.9 +0.1
IWY iShares Russell Top 200 Growth ETF 35.4 20 22 4.4 -1.4
VLU SPDR S&P 1500 Value Tilt ETF 35.0 12 30 7.5 +1.8
KRMA Global X Conscious Companies ETF 34.9 43 -1 5.4 -0.4
DGRO iShares Core Dividend Growth ETF 34.9 8 34 6.6 +0.9
SCHF Schwab International Equity ETF 34.5 6 36 7.6 +1.9
SPDW SPDR Portfolio Developed World ex-US ETF 34.2 4 38 7.4 +1.7
VEGN US Vegan Climate ETF 34.1 60 -18 5.3 -0.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 34.0 30 12 6.8 +1.1
VEA Vanguard FTSE Developed Markets ETF 33.9 5 37 7.6 +1.9
IDEV iShares Core MSCI International Developed Markets ETF 33.6 5 37 7.5 +1.8
DSI iShares MSCI KLD 400 Social ETF 33.5 25 17 5.3 -0.4
IEFA iShares Core MSCI EAFE ETF 33.2 7 35 7.5 +1.8
EFA iShares MSCI EAFE ETF 33.2 32 10 7.4 +1.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 33.1 7 35 7.8 +2.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 33.1 35 7 7.2 +1.5
HFXI IQ 50 Percent Hedged FTSE International ETF 32.9 20 22 7.8 +2.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 32.8 49 -7 4.2 -1.5
ACWX iShares MSCI ACWI ex U.S. ETF 32.8 32 10 7.7 +2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 32.5 40 2 7.6 +1.9
SUSL iShares ESG MSCI USA Leaders ETF 32.5 10 32 5.5 -0.2
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 32.5 10 32 5.5 -0.2
VEU Vanguard FTSE All-World ex-US Index Fund 32.4 8 34 8.0 +2.3
AFLG First Trust Active Factor Large Cap ETF 32.3 55 -13 5.6 -0.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 32.2 29 13 6.2 +0.5
FVAL Fidelity Value Factor ETF 32.0 29 13 8.2 +2.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
FlexShares STOXX Global ESG Impact Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.2 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.