FlexShares International Quality Dividend Defensive Index Fd
ALTAR
Score™
9.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
14.6x P/Sales
ratio
1.1x
P/BV
ratio
1.6x Div.
yield
4.6%


  • 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) $62
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 195
Wgt avg mkt cap (mns) $64,030
Large cap (>$10bn) 61.1%
Mid cap ($2-10bn) 35.5%
Small cap (<$2bn) 2.6%
Developed mkts 70.6%
Emerging mkts 29.4%

TOP TEN HOLDINGS
NESTLE SA-REG 3.1 %
ROYAL BANK OF CANADA 2.4 %
GLAXOSMITHKLINE PLC 2.0 %
ROCHE HOLDING AG-GENUSSCHEIN 1.8 %
BRITISH AMERICAN TOBACCO PLC 1.8 %
TENCENT HOLDINGS LTD 1.4 %
RIO TINTO PLC 1.4 %
L'OREAL 1.3 %
TAIWAN SEMICONDUCTOR MANUFAC 1.2 %
NTT DOCOMO, INC. 1.2 %
Total 17.8 %

TOP COUNTRY EXPOSURE
JAPAN 13.5 %
BRITAIN 10.4 %
SWITZERLAND 7.5 %
CHINA 7.4 %
AUSTRALIA 5.8 %
TAIWAN 4.5 %
CANADA 4.4 %
FRANCE 4.1 %
GERMANY 3.2 %
SPAIN 3.1 %

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.
-11.6% -4.0% 3.1% -- 0.5%

Market Correlations
versus... Beta R-squared
S&P500 0.78 76%
MSCI EAFE 0.96 93%
MSCI Emg. Mkts. 0.73 86%

Technical Indicators
Recent close $20.10
30d moving avg. $19.83
Annualized volatility 15.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.2%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $16,286

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the FlexShares International Quality Dividend Defensive Index Fd 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™: 9.1%


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 56.4 47 0 9.1 0.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 38.6 47 0 9.2 +0.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 29.7 32 15 6.1 -3.0
VGFO Virtus WMC Global Factor Opportunities ETF 28.3 49 -2 8.1 -0.9
DOL WisdomTree International LargeCap Dividend Fund 28.3 48 -1 8.8 -0.2
QEFA SPDR MSCI EAFE Quality Mix ETF 25.4 30 17 6.8 -2.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 25.0 35 12 8.7 -0.4
DWM WisdomTree International Equity Fund 25.0 48 -1 8.4 -0.7
IDY Pacific Global International Equity Income ETF 23.9 39 8 8.2 -0.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 23.5 20 27 11.5 +2.4
FDEV Fidelity Targeted International Factor ETF 23.2 39 8 6.5 -2.5
DTH WisdomTree DEFA Equity Income Fund 23.1 58 -11 10.0 +0.9
VYMI Vanguard International High Dividend Yield ETF 23.0 27 20 10.0 +1.0
OEUR O'shares FTSE Europe Quality Dividend ETF 22.2 48 -1 6.9 -2.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.1 30 17 6.0 -3.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 22.0 20 27 5.4 -3.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 21.8 20 27 9.8 +0.7
DWMF WisdomTree International Multifactor Fund 21.7 38 9 6.3 -2.8
RESD WisdomTree International ESG Fund 21.7 30 17 6.8 -2.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 21.0 25 22 6.6 -2.4
PDEV Principal International Multi-Factor Core Index ETF 20.7 25 22 7.9 -1.2
EFA iShares MSCI EAFE ETF 20.6 32 15 7.0 -2.1
BKIE BNY Mellon International Equity ETF 20.6 4 43 7.4 -1.7
EFV iShares MSCI EAFE Value ETF 20.2 39 8 9.7 +0.6
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 20.2 35 12 6.9 -2.2
GSID Goldman Sachs MarketBeta International Equity ETF 20.2 20 27 7.3 -1.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 20.1 25 22 6.4 -2.6
HFXI IQ 50 Percent Hedged FTSE International ETF 20.1 20 27 7.4 -1.6
IEV iShares Europe ETF 20.0 59 -12 6.9 -2.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 19.9 45 2 6.7 -2.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.9 45 2 8.8 -0.2
FLEH Franklin FTSE Europe Hedged ETF 19.8 9 38 7.2 -1.9
FLEE Franklin FTSE Europe ETF 19.7 9 38 7.0 -2.0
ESGD iShares MSCI EAFE ESG Optimized ETF 19.7 20 27 6.9 -2.2
BBEU JPMorgan BetaBuilders Europe ETF 19.7 9 38 7.3 -1.7
RBIN Nationwide Risk-Based International Equity ETF 19.6 42 5 6.0 -3.0
ACWX iShares MSCI ACWI ex U.S. ETF 19.4 32 15 7.2 -1.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 19.4 7 40 7.5 -1.6
SCHF Schwab International Equity ETF 19.3 6 41 7.2 -1.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 19.3 40 7 7.0 -2.0
IQSI IQ Candriam ESG International Equity ETF 19.2 15 32 7.4 -1.7
IDHQ Invesco S&P International Developed Quality ETF 19.1 29 18 5.1 -4.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 19.0 29 18 7.7 -1.4
FNDF Schwab Fundamental International Large Co. Index ETF 18.9 25 22 8.7 -0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 18.8 20 27 7.0 -2.0
IEUR iShares Core MSCI Europe ETF 18.7 9 38 7.3 -1.8
VGK Vanguard FTSE Europe ETF 18.2 8 39 7.4 -1.6
CWI SPDR MSCI ACWI ex-US ETF 18.2 30 17 7.1 -2.0
DOO WisdomTree International Dividend ex-Financials Fund 18.2 58 -11 8.9 -0.1
IEFA iShares Core MSCI EAFE ETF 18.0 7 40 7.2 -1.8
LVIN Hartford Multifactor Low Volatility International Equity ETF 18.0 29 18 11.5 +2.4
LVHI Legg Mason International Low Volatility High Dividend ETF 17.9 40 7 9.4 +0.4
FEU SPDR Portfolio Europe ETF 17.9 9 38 7.4 -1.7
JHMD John Hancock Multifactor Developed International ETF 17.9 39 8 7.3 -1.8
VEU Vanguard FTSE All-World ex-US Index Fund 17.7 8 39 7.4 -1.6
IXUS ishares Core MSCI Total International Stock ETF 17.6 9 38 7.3 -1.8
IDEV iShares Core MSCI International Developed Markets ETF 17.5 5 42 7.1 -1.9
VEA Vanguard FTSE Developed Markets ETF 17.4 5 42 7.3 -1.7
RFDI First Trust Riverfront Dynamic Developed International ETF 17.4 83 -36 5.7 -3.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 17.2 39 8 6.5 -2.5
VSGX Vanguard ESG International Stock ETF 17.1 17 30 7.0 -2.1
SPDW SPDR Portfolio Developed World ex-US ETF 16.9 4 43 7.0 -2.0
CIL VictoryShares International Volatility Weighted Index ETF 16.7 45 2 6.9 -2.2
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 16.7 45 2 6.9 -2.2
ISDX Invesco Strategic Developed ex-US ETF 16.5 23 24 7.3 -1.7
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 16.4 45 2 11.0 +1.9
VXUS Vanguard Total International Stock Index Fund 16.3 8 39 7.4 -1.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 16.3 14 33 6.9 -2.2
IGRO iShares International Dividend Growth ETF 16.2 22 25 8.3 -0.7
IDV iShares International Select Dividend ETF 16.1 49 -2 10.5 +1.5
RNDM Developed International Equity Select ETF 15.8 65 -18 6.2 -2.9
IQIN IQ 500 International ETF 15.8 25 22 8.6 -0.5
QINT American Century Quality Diversified International ETF 15.4 39 8 6.1 -3.0
EFAS Global X MSCI SuperDividend EAFE ETF 15.4 56 -9 9.7 +0.6
IVLU iShares Edge MSCI Intl Value Factor ETF 15.3 30 17 11.6 +2.5
NUDM Nuveen ESG International Developed Markets Equity ETF 15.2 40 7 6.8 -2.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 15.2 16 31 6.8 -2.2
FIVA Fidelity International Value Factor ETF 15.1 39 8 10.0 +0.9
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 15.1 35 12 6.8 -2.3
RFEU First Trust Riverfront Dynamic Europe ETF 14.6 83 -36 5.8 -3.2
MVIN Natixis Seeyond International Minimum Volatility ETF 14.5 56 -9 5.6 -3.4
JPIN JPMorgan Diversified Return International Equity ETF 14.3 37 10 7.8 -1.3
TPIF Timothy Plan International ETF 13.9 62 -15 6.3 -2.8
INTF iShares Edge MSCI Multifactor Intl ETF 13.9 30 17 7.9 -1.2
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 13.8 30 17 8.6 -0.5
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 13.4 61 -14 5.1 -3.9
IDLV Invesco S&P International Developed Low Volatility ETF 13.3 25 22 6.5 -2.6
SCID Global X Scientific Beta Europe ETF 13.3 39 8 0.0 -9.1
PQIN PGIM QMA Strategic Alpha International Equity ETF 13.1 29 18 7.8 -1.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 13.1 30 17 4.4 -4.7
IDOG ALPS International Sector Dividend Dogs ETF 13.1 50 -3 11.3 +2.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 13.0 35 12 8.6 -0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 12.8 39 8 8.3 -0.8
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 12.8 80 -33 6.6 -2.5
EFG iShares MSCI EAFE Growth ETF 12.8 40 7 4.5 -4.6
DEW WisdomTree Global High Dividend Fund 12.5 58 -11 9.5 +0.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 12.4 58 -11 6.0 -3.1
DWCR Arrow DWA Country Rotation ETF 12.3 95 -48 13.4 +4.3

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 Fd
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 14.5 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 9.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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