FlexShares International Quality Dividend Index Fund
ALTAR
Score™
9.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
14.1x P/Sales
ratio
1.2x
P/BV
ratio
1.6x Div.
yield
4.7%


  • 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) $458
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 215
Wgt avg mkt cap (mns) $66,450
Large cap (>$10bn) 62.5%
Mid cap ($2-10bn) 34.9%
Small cap (<$2bn) 2.2%
Developed mkts 72.3%
Emerging mkts 27.7%

TOP TEN HOLDINGS
ROYAL BANK OF CANADA 2.4 %
GLAXOSMITHKLINE PLC 2.3 %
ROCHE HOLDING AG-GENUSSCHEIN 2.2 %
L'OREAL 2.0 %
ALLIANZ SE-REG 1.9 %
TAIWAN SEMICONDUCTOR MANUFAC 1.9 %
NESTLE SA-REG 1.9 %
NOVARTIS AG-REG 1.7 %
NINTENDO CO LTD 1.6 %
TENCENT HOLDINGS LTD 1.3 %
Total 19.1 %

TOP COUNTRY EXPOSURE
JAPAN 17.2 %
SWITZERLAND 9.1 %
BRITAIN 8.5 %
CHINA 6.7 %
TAIWAN 6.5 %
AUSTRALIA 5.4 %
CANADA 4.5 %
FRANCE 4.1 %
RUSSIA 3.8 %
FINLAND 3.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.8% 2.4% 3.2% -- 1.5%

Market Correlations
versus... Beta R-squared
S&P500 0.87 78%
MSCI EAFE 1.04 94%
MSCI Emg. Mkts. 0.80 87%

Technical Indicators
Recent close $20.36
30d moving avg. $21.37
Annualized volatility 17.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 48
Turnover 0.2%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $12,964

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™: 9.2%


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 56.6 47 0 9.3 +0.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 53.4 47 0 9.4 +0.2
DOL WisdomTree International LargeCap Dividend Fund 27.9 48 -1 8.8 -0.3
VGFO Virtus WMC Global Factor Opportunities ETF 26.6 49 -2 8.1 -1.0
DWM WisdomTree International Equity Fund 25.7 48 -1 8.5 -0.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 25.6 35 12 8.7 -0.4
IDHQ Invesco S&P International Developed Quality ETF 25.4 29 18 5.0 -4.1
IDY Pacific Global International Equity Income ETF 24.7 39 8 8.1 -1.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 23.8 20 27 11.6 +2.4
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 23.5 30 17 0.0 -9.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 23.1 30 17 6.1 -3.1
QEFA SPDR MSCI EAFE Quality Mix ETF 22.7 30 17 6.9 -2.3
PDEV Principal International Multi-Factor Core Index ETF 22.3 25 22 8.0 -1.2
DTH WisdomTree DEFA Equity Income Fund 22.1 58 -11 10.1 +1.0
BKIE BNY Mellon International Equity ETF 21.8 4 43 7.4 -1.7
OEUR O'shares FTSE Europe Quality Dividend ETF 21.8 48 -1 6.8 -2.4
VYMI Vanguard International High Dividend Yield ETF 21.7 27 20 10.5 +1.3
EFA iShares MSCI EAFE ETF 21.4 32 15 7.1 -2.1
GSID Goldman Sachs MarketBeta International Equity ETF 21.3 20 27 7.4 -1.8
HFXI IQ 50 Percent Hedged FTSE International ETF 21.2 20 27 7.5 -1.7
ACWX iShares MSCI ACWI ex U.S. ETF 21.1 32 15 7.4 -1.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.8 40 7 7.1 -2.0
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 20.7 35 12 6.9 -2.3
FDEV Fidelity Targeted International Factor ETF 20.7 39 8 6.5 -2.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 20.7 25 22 6.7 -2.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 20.5 7 40 7.6 -1.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 20.4 20 27 7.1 -2.1
ESGD iShares MSCI EAFE ESG Optimized ETF 20.4 20 27 7.0 -2.2
SCHF Schwab International Equity ETF 20.4 6 41 7.4 -1.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 20.4 20 27 9.9 +0.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 20.3 32 15 6.0 -3.2
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 20.2 30 17 0.0 -9.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 20.2 25 22 6.5 -2.7
IEV iShares Europe ETF 20.1 59 -12 7.0 -2.2
QINT American Century Quality Diversified International ETF 20.0 39 8 6.1 -3.0
FLEE Franklin FTSE Europe ETF 19.9 9 38 7.2 -2.0
CWI SPDR MSCI ACWI ex-US ETF 19.9 30 17 7.3 -1.9
DOO WisdomTree International Dividend ex-Financials Fund 19.8 58 -11 9.0 -0.2
BBEU JPMorgan BetaBuilders Europe ETF 19.7 9 38 7.5 -1.7
RFDI First Trust Riverfront Dynamic Developed International ETF 19.7 83 -36 5.7 -3.4
JHMD John Hancock Multifactor Developed International ETF 19.7 39 8 7.5 -1.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 19.6 45 2 6.7 -2.4
FLEH Franklin FTSE Europe Hedged ETF 19.4 9 38 7.2 -2.0
IEUR iShares Core MSCI Europe ETF 19.2 9 38 7.4 -1.8
IQSI IQ Candriam ESG International Equity ETF 19.1 15 32 7.4 -1.8
IGRO iShares International Dividend Growth ETF 19.1 22 25 8.2 -1.0
VEU Vanguard FTSE All-World ex-US Index Fund 19.1 8 39 7.7 -1.5
VSGX Vanguard ESG International Stock ETF 19.0 17 30 7.2 -2.0
IEFA iShares Core MSCI EAFE ETF 19.0 7 40 7.4 -1.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 18.8 45 2 9.1 -0.1
IXUS ishares Core MSCI Total International Stock ETF 18.8 9 38 7.5 -1.7
FEU SPDR Portfolio Europe ETF 18.8 9 38 7.4 -1.7
VGK Vanguard FTSE Europe ETF 18.7 8 39 7.6 -1.6
VEA Vanguard FTSE Developed Markets ETF 18.5 5 42 7.5 -1.7
VXUS Vanguard Total International Stock Index Fund 18.3 8 39 7.7 -1.5
SPDW SPDR Portfolio Developed World ex-US ETF 18.2 4 43 7.2 -2.0
IDEV iShares Core MSCI International Developed Markets ETF 18.0 5 42 7.3 -1.9
RODM Hartford Multifactor Developed Markets (ex-US) ETF 18.0 29 18 7.7 -1.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 17.9 16 31 7.0 -2.2
FNDF Schwab Fundamental International Large Co. Index ETF 17.9 25 22 8.9 -0.2
LVHI Legg Mason International Low Volatility High Dividend ETF 17.6 40 7 9.4 +0.3
LVIN Hartford Multifactor Low Volatility International Equity ETF 17.6 29 18 11.6 +2.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 17.5 14 33 7.0 -2.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 17.2 39 8 6.6 -2.6
EFV iShares MSCI EAFE Value ETF 17.2 39 8 9.9 +0.7
DWMF WisdomTree International Multifactor Fund 17.2 38 9 6.2 -2.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 17.0 20 27 5.5 -3.7
RFEU First Trust Riverfront Dynamic Europe ETF 16.7 83 -36 5.9 -3.3
CIL VictoryShares International Volatility Weighted Index ETF 16.4 45 2 6.7 -2.5
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 16.4 45 2 6.7 -2.5
ISDX Invesco Strategic Developed ex-US ETF 16.4 23 24 7.5 -1.7
FIVA Fidelity International Value Factor ETF 16.1 39 8 9.9 +0.7
RBIN Nationwide Risk-Based International Equity ETF 16.0 42 5 6.1 -3.1
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 15.9 61 -14 4.9 -4.2
EFG iShares MSCI EAFE Growth ETF 15.7 40 7 4.5 -4.7
IDLV Invesco S&P International Developed Low Volatility ETF 15.5 25 22 6.6 -2.5
RNDM Developed International Equity Select ETF 15.4 65 -18 6.3 -2.8
PQIN PGIM QMA Strategic Alpha International Equity ETF 15.3 29 18 7.6 -1.6
JPIN JPMorgan Diversified Return International Equity ETF 15.2 37 10 7.9 -1.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 15.2 80 -33 6.6 -2.6
IDMO Invesco S&P International Developed Momentum ETF 14.6 26 21 4.5 -4.6
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 14.0 35 12 7.0 -2.2
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 13.9 45 2 10.3 +1.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 13.9 58 -11 6.0 -3.2
DWCR Arrow DWA Country Rotation ETF 13.6 95 -48 14.2 +5.0
IQIN IQ 500 International ETF 13.5 25 22 8.8 -0.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 13.5 39 8 8.4 -0.7
VIGI Vanguard International Dividend Appreciation ETF 13.2 20 27 5.6 -3.6
MVIN Natixis Seeyond International Minimum Volatility ETF 13.1 56 -9 5.6 -3.6
NUDM Nuveen ESG International Developed Markets Equity ETF 13.1 40 7 6.8 -2.4
DIM WisdomTree International MidCap Dividend Fund 13.1 58 -11 7.7 -1.5
IQDG WisdomTree International Quality Dividend Growth Fund 13.0 42 5 6.3 -2.9
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 12.8 58 -11 6.1 -3.1
FYLD Cambria Foreign Shareholder Yield ETF 12.7 59 -12 7.0 -2.1
TPIF Timothy Plan International ETF 12.6 62 -15 6.3 -2.9
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 12.6 24 23 7.1 -2.1
INTF iShares Edge MSCI Multifactor Intl ETF 12.5 30 17 7.9 -1.3
IDV iShares International Select Dividend ETF 12.5 49 -2 10.8 +1.6
SCID Global X Scientific Beta Europe ETF 12.4 39 8 6.5 -2.7

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 Index Fund
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 14.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.