FlexShares International Quality Dividend Index Fund
ALTAR
Score™
12.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
8.9x P/Sales
ratio
0.9x
P/BV
ratio
1.5x Div.
yield
7.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FlexShares International Quality Dividend 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 Index.

FUND BASICS
Category International Equities
Fund Sponsor Northern Trust Investments Inc
Website www.flexshares.com
Inception date Apr 12, 2013
Assets (mns) $480
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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 232
Wgt avg mkt cap (mns) $59,322
Large cap (>$10bn) 60.7%
Mid cap ($2-10bn) 36.2%
Small cap (<$2bn) 2.8%
Developed mkts 70.9%
Emerging mkts 29.1%

TOP TEN HOLDINGS
GLAXOSMITHKLINE PLC 2.4 %
ROYAL BANK OF CANADA 2.4 %
ROCHE HOLDING AG-GENUSSCHEIN 2.1 %
L'OREAL 2.0 %
NESTLE SA-REG 1.8 %
ALLIANZ SE-REG 1.7 %
NOVARTIS AG-REG 1.6 %
TAIWAN SEMICONDUCTOR MANUFAC 1.4 %
TENCENT HOLDINGS LTD 1.4 %
NINTENDO CO LTD 1.3 %
Total 18.1 %

TOP COUNTRY EXPOSURE
JAPAN 15.8 %
BRITAIN 9.3 %
SWITZERLAND 8.6 %
CHINA 7.3 %
TAIWAN 6.3 %
AUSTRALIA 4.8 %
CANADA 4.3 %
FRANCE 4.0 %
GERMANY 3.1 %
FINLAND 3.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-15.4% -8.9% 0.2% -- 0.7%

Market Correlations
versus... Beta R-squared
S&P500 0.89 77%
MSCI EAFE 1.05 94%
MSCI Emg. Mkts. 0.82 89%

Technical Indicators
Recent close $20.59
30d moving avg. $20.55
Annualized volatility 17.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 117
Turnover 0.5%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $26,681

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IQDF Expense: 47 bp ALTAR Score™: 12.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IQDF
Ticker Fund
Name
Overlap1
vs IQDF
(%)
Expense
ratio
(bp)
Savings
vs IQDF
(bp)
ALTAR
Score™
(%)
ALTAR
vs IQDF
(%)
IQDE FlexShares International Quality Dividend Defensive Index Fd 59.8 47 0 12.3 -0.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 53.0 47 0 12.7 +0.3
DOL WisdomTree International LargeCap Dividend Fund 28.1 48 -1 8.6 -3.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 26.4 35 12 8.6 -3.8
DWM WisdomTree International Equity Fund 26.1 48 -1 8.3 -4.0
QEFA SPDR MSCI EAFE Quality Mix ETF 24.8 30 17 6.9 -5.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 23.8 20 27 11.1 -1.3
IDY Pacific Global International Equity Income ETF 23.8 39 8 8.1 -4.3
IDHQ Invesco S&P International Developed Quality ETF 23.7 29 18 5.1 -7.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 23.6 30 17 6.1 -6.3
PDEV Principal International Multi-Factor Core Index ETF 23.2 25 22 8.0 -4.4
BKIE BNY Mellon International Equity ETF 22.9 4 43 7.5 -4.8
HFXI IQ 50 Percent Hedged FTSE International ETF 22.4 20 27 7.5 -4.8
EFA iShares MSCI EAFE ETF 22.2 32 15 7.1 -5.3
OEUR O'shares FTSE Europe Quality Dividend ETF 22.2 48 -1 6.6 -5.7
GSID Goldman Sachs MarketBeta International Equity ETF 22.1 20 27 7.4 -5.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 22.1 35 12 6.9 -5.4
ESGD iShares MSCI EAFE ESG Optimized ETF 22.1 20 27 7.0 -5.4
DTH WisdomTree DEFA Equity Income Fund 21.9 58 -11 9.8 -2.6
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 21.8 30 17 0.0 -12.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 21.7 25 22 6.6 -5.7
FDEV Fidelity Targeted International Factor ETF 21.5 39 8 6.6 -5.8
VYMI Vanguard International High Dividend Yield ETF 21.5 32 15 10.2 -2.1
ACWX iShares MSCI ACWI ex U.S. ETF 21.4 32 15 7.3 -5.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 21.4 40 7 7.1 -5.2
QINT American Century Quality Diversified International ETF 21.3 39 8 5.8 -6.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 21.2 7 40 7.6 -4.7
SCHF Schwab International Equity ETF 21.2 6 41 7.4 -4.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 21.1 20 27 7.1 -5.2
CWI SPDR MSCI ACWI ex-US ETF 20.8 30 17 7.2 -5.2
RFDI First Trust Riverfront Dynamic Developed International ETF 20.7 83 -36 5.7 -6.7
JHMD John Hancock Multifactor Developed International ETF 20.6 39 8 7.5 -4.9
IQSI IQ Candriam ESG International Equity ETF 20.3 15 32 7.3 -5.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 20.2 20 27 9.6 -2.8
IEV iShares Europe ETF 20.2 59 -12 6.8 -5.6
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 20.0 30 17 6.8 -5.5
FLEH Franklin FTSE Europe Hedged ETF 19.9 9 38 7.1 -5.2
IEFA iShares Core MSCI EAFE ETF 19.9 7 40 7.4 -5.0
FLEE Franklin FTSE Europe ETF 19.9 9 38 7.0 -5.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.8 45 2 9.0 -3.4
VEU Vanguard FTSE All-World ex-US Index Fund 19.8 8 39 7.6 -4.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 19.8 45 2 6.7 -5.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 19.8 25 22 6.5 -5.8
BBEU JPMorgan BetaBuilders Europe ETF 19.7 9 38 7.3 -5.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 19.5 32 15 6.4 -6.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 19.4 29 18 8.8 -3.6
SPDW SPDR Portfolio Developed World ex-US ETF 19.3 4 43 7.2 -5.1
IXUS ishares Core MSCI Total International Stock ETF 19.3 9 38 7.4 -4.9
IDEV iShares Core MSCI International Developed Markets ETF 19.3 5 42 7.3 -5.1
VEA Vanguard FTSE Developed Markets ETF 19.2 5 42 7.5 -4.8
FNDF Schwab Fundamental International Large Co. Index ETF 19.2 25 22 8.9 -3.4
VXUS Vanguard Total International Stock Index Fund 19.1 8 39 7.6 -4.7
EFV iShares MSCI EAFE Value ETF 18.9 39 8 9.6 -2.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 18.8 14 33 7.0 -5.4
DOO WisdomTree International Dividend ex-Financials Fund 18.8 58 -11 8.9 -3.5
IEUR iShares Core MSCI Europe ETF 18.8 9 38 7.3 -5.1
FIVA Fidelity International Value Factor ETF 18.8 39 8 10.1 -2.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 18.7 39 8 6.7 -5.7
CIL VictoryShares International Volatility Weighted Index ETF 18.7 45 2 6.8 -5.6
IGRO iShares International Dividend Growth ETF 18.5 22 25 8.1 -4.3
FEU SPDR Portfolio Europe ETF 18.5 9 38 7.4 -5.0
VGK Vanguard FTSE Europe ETF 18.4 8 39 7.4 -4.9
VSGX Vanguard ESG International Stock ETF 18.3 17 30 7.2 -5.1
LVIN Hartford Multifactor Low Volatility International Equity ETF 18.3 29 18 12.3 -0.0
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 18.2 16 31 6.9 -5.4
RBIN Nationwide Risk-Based International Equity ETF 17.6 42 5 6.5 -5.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 17.3 20 27 5.5 -6.8
ISDX Invesco Strategic Developed ex-US ETF 17.3 23 24 7.6 -4.7
JPIN JPMorgan Diversified Return International Equity ETF 17.0 37 10 8.1 -4.3
DWMF WisdomTree International Multifactor Fund 16.8 38 9 6.8 -5.5
LVHI Legg Mason International Low Volatility High Dividend ETF 16.7 40 7 9.3 -3.0
JPEU JPMorgan Diversified Return Europe Equity ETF 16.5 37 10 7.0 -5.3
IDLV Invesco S&P International Developed Low Volatility ETF 16.4 25 22 6.7 -5.6
EUMV iShares Edge MSCI Min Vol Europe ETF 16.3 25 22 5.0 -7.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 16.0 29 18 7.7 -4.6
RFEU First Trust Riverfront Dynamic Europe ETF 15.9 83 -36 5.4 -7.0
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 15.8 45 2 10.0 -2.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 15.8 80 -33 6.0 -6.4
RNDM Developed International Equity Select ETF 15.6 65 -18 6.4 -5.9
JPGE JPMorgan Diversified Return Global Equity ETF 15.4 29 18 7.5 -4.9
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 15.4 35 12 6.8 -5.6
EFG iShares MSCI EAFE Growth ETF 15.1 40 7 4.6 -7.8
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 15.0 61 -14 5.0 -7.4
IQIN IQ 500 International ETF 14.5 25 22 9.0 -3.4
TPIF Timothy Plan International ETF 14.3 62 -15 6.4 -6.0
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 14.2 30 17 7.6 -4.8
IDMO Invesco S&P International Developed Momentum ETF 13.8 26 21 4.5 -7.8
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 13.6 39 8 8.5 -3.8
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 13.5 24 23 7.3 -5.0
NUDM Nuveen ESG International Developed Markets Equity ETF 13.4 40 7 7.0 -5.3
SCID Global X Scientific Beta Europe ETF 13.3 39 8 6.5 -5.9
ISZE iShares Edge MSCI Intl Size Factor ETF 13.0 30 17 7.5 -4.9
DIM WisdomTree International MidCap Dividend Fund 12.9 58 -11 7.8 -4.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 12.9 58 -11 6.1 -6.3
FIDI Fidelity International High Dividend ETF 12.8 39 8 11.2 -1.2
IPAC iShares Core MSCI Pacific ETF 12.7 9 38 7.4 -4.9
DWCR Arrow DWA Country Rotation ETF 12.6 95 -48 16.6 +4.3
VIGI Vanguard International Dividend Appreciation ETF 12.6 25 22 5.6 -6.8
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 12.4 25 22 7.3 -5.0

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.7 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 12.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.59
 
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.