FlexShares STOXX Global ESG Impact Index Fund
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
24.0x P/Sales
ratio
2.0x
P/BV
ratio
2.4x Div.
yield
2.1%


  • 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) $116
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 732
Wgt avg mkt cap (mns) $399,528
Large cap (>$10bn) 94.1%
Mid cap ($2-10bn) 5.6%
Small cap (<$2bn) 0.1%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
MICROSOFT CORP 5.1 %
APPLE INC 4.9 %
AMAZON.COM INC 4.9 %
FACEBOOK 2.8 %
ALPHABET INC. CLASS C 2.0 %
PROCTER & GAMBLE CO/THE 1.7 %
HOME DEPOT INC 1.3 %
NESTLE SA-REG 1.1 %
JPMORGAN CHASE & CO 1.1 %
INTEL CORP 1.0 %
Total 26.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 57.5 %
JAPAN 9.0 %
BRITAIN 5.6 %
SWITZERLAND 5.0 %
FRANCE 4.5 %
GERMANY 3.2 %
AUSTRALIA 2.8 %
NETHERLANDS 1.9 %
CANADA 1.6 %
IRELAND 1.3 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
3.1% 12.4% -- -- 11.2%

Market Correlations
versus... Beta R-squared
S&P500 0.91 97%
MSCI EAFE 0.98 91%
MSCI Emg. Mkts. 0.69 73%

Technical Indicators
Recent close $110.49
30d moving avg. $110.82
Annualized volatility 16.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.1%
Bid/Ask (% of price) 0.24%
ADV underlying (mns) $215,755

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™: 5.2%


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 62.0 25 17 5.4 +0.3
KOKU Xtrackers MSCI Kokusai Equity ETF 61.8 9 33 5.6 +0.4
URTH iShares MSCI World ETF 59.2 24 18 5.5 +0.4
ESG FlexShares STOXX US ESG Impact Index Fund 58.4 32 10 5.0 -0.2
HSPX Global X S&P 500 Covered Call ETF 53.7 60 -18 4.8 -0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 53.5 7 35 5.1 -0.1
PBP Invesco S&P 500 BuyWrite ETF 53.1 49 -7 4.8 -0.4
XYLG Global X S&P 500 Covered Call & Growth ETF 53.0 60 -18 4.9 -0.3
BBUS JP Morgan Betabuilders U.S. Equity ETF 53.0 2 40 5.1 -0.1
PBUS Invesco PureBeta MSCI USA ETF 52.9 4 38 5.1 -0.1
VV Vanguard Large-Cap Index Fund 52.8 4 38 5.1 -0.1
SPY SPDR S&P 500 ETF Trust 52.7 9 33 5.2 -0.0
IVV iShares Core S&P 500 ETF 52.7 3 39 5.2 +0.1
SPLG SPDR Portfolio Large Cap ETF 52.7 3 39 5.2 +0.1
MGC Vanguard Mega Cap Index Fund 52.5 7 35 5.0 -0.2
VOO VANGUARD S&P 500 ETF 52.3 3 39 5.3 +0.1
ACWI iShares MSCI ACWI ETF 52.2 32 10 5.7 +0.5
ESGV Vanguard ESG U.S. Stock ETF 52.2 12 30 4.9 -0.3
SCHX Schwab U.S. Large-Cap ETF 52.2 3 39 5.0 -0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 51.8 20 22 5.2 -0.0
ESGU iShares MSCI USA ESG Optimized ETF 51.7 15 27 4.9 -0.3
SPXE ProShares S&P 500 Ex-Energy ETF 51.6 27 15 5.1 -0.1
IWL iShares Russell Top 200 ETF 51.4 15 27 4.8 -0.4
SCHK Schwab 1000 Index ETF 51.3 5 37 5.1 -0.1
IWB iShares Russell 1000 ETF 51.2 15 27 4.9 -0.3
IYY iShares Dow Jones U.S. ETF 51.1 20 22 4.9 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 51.0 20 22 4.8 -0.4
LOWC SPDR MSCI ACWI Low Carbon Target ETF 51.0 20 22 6.0 +0.8
SPTM SPDR Portfolio Total Stock Market ETF 50.8 3 39 5.4 +0.2
EFIV SPDR S&P 500 ESG ETF 50.7 10 32 5.0 -0.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 50.7 20 22 6.0 +0.8
BKLC BNY Mellon US Large Cap Core Equity ETF 50.6 0 42 5.0 -0.2
SNPE Xtrackers S&P 500 ESG ETF 50.6 10 32 4.9 -0.3
VONE Vanguard Russell 1000 ETF 50.4 8 34 5.0 -0.2
VTHR Vanguard Russell 3000 Index Fund 49.6 10 32 4.9 -0.3
SPXN ProShares S&P 500 Ex-Financials ETF 49.4 27 15 4.8 -0.4
SCHB Schwab U.S. Broad Market ETF 49.4 3 39 5.0 -0.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 49.3 3 39 4.9 -0.3
IWV iShares Russell 3000 ETF 49.2 20 22 4.8 -0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 49.1 27 15 4.9 -0.3
VTI Vanguard Total Stock Market Index Fund 48.4 3 39 4.9 -0.3
SFY SoFi Select 500 ETF 47.4 0 42 5.0 -0.2
QWLD SPDR MSCI World StrategicFactors ETF 47.4 30 12 6.1 +0.9
CATH Global X S&P 500 Catholic Values Custom ETF 46.9 29 13 5.0 -0.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 46.3 9 33 5.8 +0.6
IQSU IQ Candriam ESG US Equity ETF 46.3 9 33 5.0 -0.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 46.3 9 33 5.4 +0.2
XOUT GraniteShares XOUT U.S. Large Cap ETF 45.8 60 -18 4.0 -1.2
VT Vanguard Total World Stock Index Fund 45.7 8 34 6.0 +0.8
OEF iShares S&P 100 ETF 45.4 20 22 4.7 -0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 45.2 12 30 4.6 -0.6
EPS WisdomTree U.S. Earnings 500 Fund 43.4 8 34 6.3 +1.2
VOOG Vanguard S&P 500 Growth ETF 43.2 10 32 4.2 -1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 43.0 4 38 4.3 -0.9
IVW iShares S&P 500 Growth ETF 43.0 18 24 16.9 +11.8
IUSG iShares Core S&P US Growth ETF 42.6 4 38 4.3 -0.9
JHML John Hancock Multifactor Large Cap ETF 41.3 29 13 5.4 +0.2
XLG Invesco S&P 500 Top 50 ETF 40.2 20 22 4.4 -0.8
AVUS Avantis U.S. Equity ETF 39.9 15 27 5.5 +0.3
NACP Impact Shares NAACP Minority Empowerment ETF 39.8 75 -33 4.7 -0.5
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 39.8 25 17 6.2 +1.0
IOO iShares Global 100 ETF 39.5 40 2 4.7 -0.5
IWF iShares Russell 1000 Growth ETF 39.5 19 23 3.7 -1.5
VONG Vanguard Russell 1000 Growth Index Fund 39.4 8 34 3.8 -1.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 38.7 15 27 6.1 +1.0
IWY iShares Russell Top 200 Growth ETF 38.0 20 22 3.8 -1.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 37.9 25 17 6.6 +1.4
QUS SPDR MSCI USA StrategicFactors ETF 37.7 15 27 5.8 +0.6
DIVB iShares U.S. Dividend & Buyback ETF 37.5 25 17 6.8 +1.6
PRF Invesco FTSE RAFI US 1000 ETF 37.1 39 3 6.7 +1.5
DLN WisdomTree U.S. LargeCap Dividend Fund 37.1 28 14 6.4 +1.2
EXT WisdomTree U.S. Total Earnings Fund 37.1 28 14 5.4 +0.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 36.8 25 17 6.7 +1.5
SPXT ProShares S&P 500 Ex-Technology ETF 36.7 27 15 5.5 +0.3
KRMA Global X Conscious Companies ETF 36.2 43 -1 5.1 -0.1
DTD WisdomTree U.S.Total Dividend Fund 35.9 28 14 6.6 +1.4
WOMN Impact Shares YWCA Women's Empowerment ETF 35.8 75 -33 4.2 -1.0
DSI iShares MSCI KLD 400 Social ETF 35.4 25 17 5.0 -0.2
IUS Invesco Strategic US ETF 35.3 19 23 6.4 +1.2
VUG Vanguard Growth Index Fund 35.1 4 38 3.8 -1.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 34.0 49 -7 4.0 -1.2
SCHF Schwab International Equity ETF 33.5 6 36 7.3 +2.2
FVAL Fidelity Value Factor ETF 33.4 29 13 7.7 +2.5
TMFC Motley Fool 100 Index ETF 33.3 50 -8 3.4 -1.8
SPDW SPDR Portfolio Developed World ex-US ETF 33.2 4 38 7.2 +2.0
ACIO Aptus Collared Income Opportunity ETF 33.1 79 -37 4.3 -0.9
MGK Vanguard Mega Cap Growth ETF 33.1 7 35 4.0 -1.2
VEA Vanguard FTSE Developed Markets ETF 33.0 5 37 7.5 +2.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 33.0 12 30 4.7 -0.5
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 32.9 75 -33 3.8 -1.4
RWL Invesco S&P 500 Revenue ETF 32.8 39 3 7.1 +2.0
VLU SPDR S&P 1500 Value Tilt ETF 32.8 12 30 7.3 +2.1
QLC FlexShares US Quality Large Cap Index Fund 32.8 32 10 5.1 -0.1
SUSA iShares MSCI USA ESG Select ETF 32.7 25 17 4.7 -0.5
IDEV iShares Core MSCI International Developed Markets ETF 32.7 5 37 7.3 +2.1
RECS Columbia Research Enhanced Core ETF 32.7 15 27 5.5 +0.4
IEFA iShares Core MSCI EAFE ETF 32.6 7 35 7.4 +2.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 32.5 30 12 6.5 +1.3
ADME Aptus Drawdown Managed Equity ETF 32.3 79 -37 3.4 -1.8

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 12.8 %
Divided by: Fwd. P/BV 2.3 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.49
 
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.