FlexShares International Quality Dividend Defensive Index ETF
ALTAR
Score™
7.9% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.2x P/Sales
ratio
1.2x
P/BV
ratio
1.8x Div.
yield
4.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FlexShares International Quality Dividend Defensive Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Northern Trust International Quality Dividend Defensive Index.

FUND BASICS
Category International Equities
Fund Sponsor Northern Trust Investments Inc
Website www.flexshares.com
Inception date Apr 12, 2013
Assets (mns) $70
Currency USD
Expense ratio 47 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Multi-Factor
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 188
Wgt avg mkt cap (mns) $70,183
Large cap (>$10bn) 69.1%
Mid cap ($2-10bn) 29.5%
Small cap (<$2bn) 0.7%
Developed mkts 67.4%
Emerging mkts 31.5%

TOP TEN HOLDINGS
NESTLE SA-REG 2.6 %
ROYAL BANK OF CANADA 2.4 %
GLAXOSMITHKLINE PLC 1.9 %
RIO TINTO PLC 1.8 %
ROCHE HOLDING AG-GENUSSCHEIN 1.7 %
TAIWAN SEMICONDUCTOR MANUFAC 1.5 %
TENCENT HOLDINGS LTD 1.4 %
L'OREAL 1.2 %
FORTESCUE METALS GROUP LTD 1.2 %
COMMONWEALTH BANK OF AUSTRAL 1.1 %
Total 16.9 %

TOP COUNTRY EXPOSURE
JAPAN 12.3 %
BRITAIN 11.3 %
CHINA 7.8 %
SWITZERLAND 6.9 %
TAIWAN 6.3 %
AUSTRALIA 5.1 %
CANADA 4.5 %
INDIA 4.0 %
FRANCE 4.0 %
SPAIN 3.8 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
2.8% 2.8% 5.9% -- 2.5%

Market Correlations
versus... Beta R-squared
S&P500 0.84 78%
MSCI EAFE 0.93 94%
MSCI Emg. Mkts. 0.78 84%

Technical Indicators
Recent close $23.40
30d moving avg. $22.73
Annualized volatility 17.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.2%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $22,463

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the FlexShares International Quality Dividend Defensive Index ETF ETF based on the alternatives' overlap in portfolio holdings with IQDE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IQDE Expense: 47 bp ALTAR Score™: 7.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IQDE
Ticker Fund
Name
Overlap1
vs IQDE
(%)
Expense
ratio
(bp)
Savings
vs IQDE
(bp)
ALTAR
Score™
(%)
ALTAR
vs IQDE
(%)
IQDF FlexShares International Quality Dividend Index Fund 61.5 47 0 7.9 +0.0
DFAI Dimensional International Core Equity Market ETF 40.3 18 29 6.4 -1.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 38.9 47 0 8.2 +0.3
VWID Virtus WMC International Dividend ETF 27.5 49 -2 7.4 -0.5
DOL WisdomTree International LargeCap Dividend Fund 26.4 48 -1 7.2 -0.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 25.9 32 15 5.7 -2.2
DWM WisdomTree International Equity Fund 25.0 48 -1 7.2 -0.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 24.7 40 7 7.3 -0.6
VYMI Vanguard International High Dividend Yield ETF 23.4 27 20 9.0 +1.1
QEFA SPDR MSCI EAFE Quality Mix ETF 22.6 30 17 6.0 -1.9
FDEV Fidelity Targeted International Factor ETF 22.2 39 8 6.2 -1.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 21.8 20 27 9.4 +1.5
DTH WisdomTree International High Dividend Fund 21.7 58 -11 8.7 +0.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 21.5 30 17 5.3 -2.6
PDEV Principal International Multi-Factor Core Index ETF 20.7 25 22 7.1 -0.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 20.1 20 27 8.4 +0.5
RESD WisdomTree International ESG Fund 20.1 30 17 6.5 -1.4
IEV iShares Europe ETF 19.9 59 -12 6.3 -1.6
BBEU JPMorgan BetaBuilders Europe ETF 19.6 9 38 6.7 -1.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 19.6 45 2 6.0 -1.9
FLEE Franklin FTSE Europe ETF 19.4 9 38 6.5 -1.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 19.4 25 22 5.9 -2.0
ESGD iShares MSCI EAFE ESG Optimized ETF 19.3 20 27 6.2 -1.7
FLEH Franklin FTSE Europe Hedged ETF 19.3 9 38 6.5 -1.4
BKIE BNY Mellon International Equity ETF 19.3 4 43 6.6 -1.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 19.2 25 22 6.1 -1.9
RODE Hartford Multifactor Diversified International ETF 19.2 29 18 10.6 +2.7
EFV iShares MSCI EAFE Value ETF 19.2 39 8 8.4 +0.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 19.2 20 27 5.0 -2.9
EFA iShares MSCI EAFE ETF 19.1 32 15 6.3 -1.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 18.9 45 2 7.7 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 18.8 20 27 6.4 -1.5
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 18.8 35 12 6.1 -1.8
HFXI IQ 50 Percent Hedged FTSE International ETF 18.7 20 27 6.5 -1.4
IQSI IQ Candriam ESG International Equity ETF 18.6 15 32 6.4 -1.5
ACWX iShares MSCI ACWI ex U.S. ETF 18.4 32 15 6.4 -1.5
IEUR iShares Core MSCI Europe ETF 18.4 9 38 6.6 -1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 18.2 40 7 6.1 -1.8
VGK Vanguard FTSE Europe ETF 18.2 8 39 6.8 -1.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 18.1 7 40 6.6 -1.3
SCHF Schwab International Equity ETF 18.0 6 41 6.6 -1.3
RODM Hartford Multifactor Developed Markets (ex-US) ETF 17.8 29 18 7.3 -0.6
RBIN Nationwide Risk-Based International Equity ETF 17.8 42 5 6.1 -1.8
SPEU SPDR Portfolio Europe ETF 17.5 9 38 6.8 -1.1
FNDF Schwab Fundamental International Large Co. Index ETF 17.3 25 22 7.7 -0.2
VSGX Vanguard ESG International Stock ETF 17.2 17 30 6.4 -1.5
DWMF WisdomTree International Multifactor Fund 17.1 38 9 6.3 -1.6
JHMD John Hancock Multifactor Developed International ETF 17.1 39 8 6.6 -1.3
IDHQ Invesco S&P International Developed Quality ETF 17.0 29 18 4.8 -3.1
IDV iShares International Select Dividend ETF 17.0 49 -2 8.8 +0.9
RFDI First Trust Riverfront Dynamic Developed International ETF 17.0 83 -36 5.2 -2.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 17.0 20 27 6.5 -1.4
CWI SPDR MSCI ACWI ex-US ETF 17.0 30 17 6.3 -1.6
VEU Vanguard FTSE All-World ex-US Index Fund 16.8 8 39 6.8 -1.2
RNDM First Trust Developed International Equity Select ETF 16.7 65 -18 5.8 -2.2
IXUS ishares Core MSCI Total International Stock ETF 16.7 9 38 6.6 -1.4
IEFA iShares Core MSCI EAFE ETF 16.7 7 40 6.6 -1.3
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 16.6 45 2 9.7 +1.8
DOO WisdomTree International Dividend ex-Financials Fund 16.6 58 -11 7.7 -0.2
LVHI Legg Mason International Low Volatility High Dividend ETF 16.4 40 7 9.0 +1.1
VEA Vanguard FTSE Developed Markets ETF 16.4 5 42 6.6 -1.3
IDEV iShares Core MSCI International Developed Markets ETF 16.4 5 42 6.5 -1.4
FIVA Fidelity International Value Factor ETF 16.1 39 8 8.7 +0.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 16.0 58 -11 6.5 -1.4
ISDX Invesco RAFI Strategic Developed ex-US ETF 15.9 23 24 6.3 -1.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 15.7 14 33 6.1 -1.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 15.6 39 8 5.6 -2.3
IDOG ALPS International Sector Dividend Dogs ETF 15.5 50 -3 8.2 +0.3
SPDW SPDR Portfolio Developed World ex-US ETF 15.5 4 43 6.3 -1.6
CIL VictoryShares International Volatility Weighted Index ETF 15.2 45 2 6.4 -1.5
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 15.2 45 2 6.4 -1.5
RFEU First Trust Riverfront Dynamic Europe ETF 15.0 83 -36 5.7 -2.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 15.0 16 31 6.1 -1.8
VXUS Vanguard Total International Stock ETF 15.0 8 39 6.7 -1.2
IVLU iShares Edge MSCI Intl Value Factor ETF 14.9 30 17 10.0 +2.1
JPIN JPMorgan Diversified Return International Equity ETF 14.7 37 10 7.1 -0.8
IQIN IQ 500 International ETF 14.6 25 22 7.6 -0.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 14.6 35 12 6.0 -1.9
QINT American Century Quality Diversified International ETF 14.4 39 8 5.8 -2.1
EFAS Global X MSCI SuperDividend EAFE ETF 14.4 56 -9 7.9 -0.0
NUDM Nuveen ESG International Developed Markets Equity ETF 13.9 40 7 6.0 -1.9
DEW WisdomTree Global High Dividend Fund 13.7 58 -11 8.7 +0.8
INTF iShares Edge MSCI Multifactor Intl ETF 13.6 30 17 7.3 -0.6
MVIN Natixis Seeyond International Minimum Volatility ETF 13.3 56 -9 5.8 -2.1
OEUR O'shares FTSE Europe Quality Dividend ETF 13.3 48 -1 5.2 -2.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 12.8 58 -11 5.9 -2.1
IGRO iShares International Dividend Growth ETF 12.8 15 32 7.1 -0.9
IQDG WisdomTree International Quality Dividend Growth Fund 12.8 42 5 6.1 -1.8
FGD First Trust Dow Jones Global Select Dividend Index Fund 12.8 59 -12 10.0 +2.1
TPIF Timothy Plan International ETF 12.7 62 -15 6.1 -1.8
PQIN PGIM QMA Strategic Alpha International Equity ETF 12.7 29 18 7.1 -0.8
EMGF iShares MSCI Emerging Markets Multifactor ETF 12.6 45 2 9.0 +1.0
VIGI Vanguard International Dividend Appreciation ETF 12.5 20 27 5.2 -2.8
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 12.5 58 -11 5.1 -2.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 12.4 80 -33 6.0 -1.9
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 12.1 39 8 7.5 -0.4
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 12.1 61 -14 4.6 -3.4

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 International Quality Dividend Defensive Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.2 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 7.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.54
 
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.