FlexShares International Quality Dividend Dynamic Index Fund
ALTAR
Score™
8.2% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.2x P/Sales
ratio
1.3x
P/BV
ratio
1.7x Div.
yield
4.5%


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

FUND BASICS
Category International Equities
Fund Sponsor Northern Trust Investments Inc
Website www.flexshares.com
Inception date Apr 12, 2013
Assets (mns) $35
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 186
Wgt avg mkt cap (mns) $75,958
Large cap (>$10bn) 72.7%
Mid cap ($2-10bn) 27.0%
Small cap (<$2bn) 0.2%
Developed mkts 72.7%
Emerging mkts 27.2%

TOP TEN HOLDINGS
ASML HOLDING NV 4.5 %
ROYAL BANK OF CANADA 2.2 %
ALLIANZ SE-REG 1.9 %
GLAXOSMITHKLINE PLC 1.8 %
L'OREAL 1.7 %
TAIWAN SEMICONDUCTOR MANUFAC 1.4 %
NINTENDO CO LTD 1.3 %
RIO TINTO PLC 1.3 %
SOFTBANK GROUP CORP. 1.3 %
NESTLE SA-REG 1.2 %
Total 18.5 %

TOP COUNTRY EXPOSURE
JAPAN 17.8 %
BRITAIN 11.0 %
CHINA 7.7 %
NETHERLANDS 5.3 %
FRANCE 5.2 %
CANADA 5.1 %
GERMANY 5.0 %
SWITZERLAND 4.8 %
TAIWAN 4.5 %
HONG KONG 4.1 %

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.
9.5% 9.5% 8.9% -- 5.4%

Market Correlations
versus... Beta R-squared
S&P500 1.02 78%
MSCI EAFE 1.13 95%
MSCI Emg. Mkts. 0.93 81%

Technical Indicators
Recent close $29.39
30d moving avg. $28.50
Annualized volatility 21.7%
Short interest (ETF) 0.3%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.8%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $25,783

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the FlexShares International Quality Dividend Dynamic Index Fund ETF based on the alternatives' overlap in portfolio holdings with IQDY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IQDY Expense: 47 bp ALTAR Score™: 8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IQDY
Ticker Fund
Name
Overlap1
vs IQDY
(%)
Expense
ratio
(bp)
Savings
vs IQDY
(bp)
ALTAR
Score™
(%)
ALTAR
vs IQDY
(%)
IQDF FlexShares International Quality Dividend Index Fund 51.3 47 0 7.9 -0.3
DFAI Dimensional International Core Equity Market ETF 43.1 18 29 6.4 -1.8
IQDE FlexShares International Quality Dividend Defensive Index ET 39.0 47 0 7.8 -0.4
DFAE Dimensional Emerging Core Equity Market ETF 25.5 35 12 6.9 -1.3
DOL WisdomTree International LargeCap Dividend Fund 23.6 48 -1 7.2 -1.0
VYMI Vanguard International High Dividend Yield ETF 23.3 27 20 9.0 +0.9
DWM WisdomTree International Equity Fund 22.3 48 -1 7.2 -1.0
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 22.3 40 7 7.2 -1.0
VWID Virtus WMC International Dividend ETF 22.2 49 -2 7.4 -0.8
ESGD iShares MSCI EAFE ESG Optimized ETF 22.2 20 27 6.2 -2.0
BKIE BNY Mellon International Equity ETF 22.1 4 43 6.6 -1.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.1 30 17 5.2 -3.0
EFA iShares MSCI EAFE ETF 21.6 32 15 6.2 -1.9
GSID Goldman Sachs MarketBeta International Equity ETF 21.4 20 27 6.3 -1.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 21.3 45 2 7.7 -0.5
HFXI IQ 50 Percent Hedged FTSE International ETF 21.3 20 27 6.4 -1.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 21.3 35 12 6.1 -2.1
ACWX iShares MSCI ACWI ex U.S. ETF 21.0 32 15 6.3 -1.9
IQSI IQ Candriam ESG International Equity ETF 20.9 15 32 6.4 -1.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.8 40 7 6.1 -2.1
IEV iShares Europe ETF 20.8 59 -12 6.3 -1.9
SCHF Schwab International Equity ETF 20.7 6 41 6.5 -1.7
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 20.7 14 33 6.1 -2.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 20.7 7 40 6.5 -1.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 20.5 20 27 9.4 +1.3
PDEV Principal International Multi-Factor Core Index ETF 20.4 25 22 7.1 -1.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 20.4 45 2 6.0 -2.2
BBEU JPMorgan BetaBuilders Europe ETF 20.4 9 38 6.7 -1.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 20.1 20 27 6.4 -1.8
EFV iShares MSCI EAFE Value ETF 20.1 39 8 8.4 +0.3
FLEE Franklin FTSE Europe ETF 19.9 9 38 6.5 -1.7
JHMD John Hancock Multifactor Developed International ETF 19.9 39 8 6.6 -1.6
FLEH Franklin FTSE Europe Hedged ETF 19.9 9 38 6.5 -1.7
DMXF iShares ESG Advanced MSCI EAFE ETF 19.8 12 35 6.2 -2.0
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 19.8 35 12 6.0 -2.2
CWI SPDR MSCI ACWI ex-US ETF 19.7 30 17 6.2 -2.0
VSGX Vanguard ESG International Stock ETF 19.7 17 30 6.3 -1.9
IDHQ Invesco S&P International Developed Quality ETF 19.6 29 18 4.7 -3.5
FNDF Schwab Fundamental International Large Co. Index ETF 19.6 25 22 7.7 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 19.6 8 39 6.7 -1.5
IEFA iShares Core MSCI EAFE ETF 19.1 7 40 6.5 -1.7
IDEV iShares Core MSCI International Developed Markets ETF 19.1 5 42 6.5 -1.7
RESD WisdomTree International ESG Fund 19.0 30 17 6.5 -1.7
IXUS ishares Core MSCI Total International Stock ETF 18.8 9 38 6.4 -1.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 18.8 16 31 6.0 -2.2
IEUR iShares Core MSCI Europe ETF 18.8 9 38 6.6 -1.6
SPDW SPDR Portfolio Developed World ex-US ETF 18.7 4 43 6.2 -2.0
VEA Vanguard FTSE Developed Markets ETF 18.7 5 42 6.6 -1.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 18.6 25 22 6.0 -2.2
VGK Vanguard FTSE Europe ETF 18.6 8 39 6.8 -1.4
SPEU SPDR Portfolio Europe ETF 18.5 9 38 6.8 -1.4
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 18.4 25 22 5.9 -2.3
DTH WisdomTree International High Dividend Fund 18.1 58 -11 8.8 +0.6
ISDX Invesco RAFI Strategic Developed ex-US ETF 17.9 23 24 6.3 -1.9
QEFA SPDR MSCI EAFE Quality Mix ETF 17.8 30 17 6.0 -2.2
IVLU iShares Edge MSCI Intl Value Factor ETF 17.5 30 17 10.0 +1.9
IQIN IQ 500 International ETF 17.3 25 22 7.7 -0.5
EZU iShares MSCI Eurozone ETF 16.8 51 -4 6.0 -2.2
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 16.3 61 -14 4.5 -3.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 16.3 20 27 8.4 +0.2
RFDI First Trust Riverfront Dynamic Developed International ETF 16.2 83 -36 5.1 -3.1
NUDM Nuveen ESG International Developed Markets Equity ETF 16.2 40 7 5.9 -2.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 16.1 39 8 5.6 -2.6
VXUS Vanguard Total International Stock ETF 16.1 8 39 6.6 -1.6
EURZ Xtrackers Eurozone Equity ETF 16.1 9 38 6.6 -1.6
QINT American Century Quality Diversified International ETF 16.0 39 8 5.7 -2.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 15.8 45 2 6.0 -2.1
FIVA Fidelity International Value Factor ETF 15.5 39 8 8.8 +0.6
EFG iShares MSCI EAFE Growth ETF 15.5 40 7 4.1 -4.1
RFEU First Trust Riverfront Dynamic Europe ETF 14.2 83 -36 5.6 -2.6
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 14.1 39 8 7.4 -0.7
CIL VictoryShares International Volatility Weighted Index ETF 14.0 45 2 6.4 -1.8
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 13.9 45 2 6.4 -1.8
IGRO iShares International Dividend Growth ETF 13.9 15 32 7.0 -1.2
RODE Hartford Multifactor Diversified International ETF 13.8 29 18 10.5 +2.3
IDOG ALPS International Sector Dividend Dogs ETF 13.8 50 -3 8.2 +0.0
FDEV Fidelity Targeted International Factor ETF 13.5 39 8 6.2 -2.0
VIGI Vanguard International Dividend Appreciation ETF 13.4 20 27 5.0 -3.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 13.4 30 17 4.1 -4.1
JPIN JPMorgan Diversified Return International Equity ETF 13.2 37 10 7.0 -1.2
IDV iShares International Select Dividend ETF 13.0 49 -2 8.9 +0.7
EFAS Global X MSCI SuperDividend EAFE ETF 13.0 56 -9 8.1 -0.1
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 12.9 9 38 6.6 -1.5
EUDG WisdomTree Europe Quality Dividend Growth Fund 12.9 58 -11 6.5 -1.7
JPXN iShares JPX-Nikkei 400 ETF 12.8 48 -1 6.2 -1.9
ZJPN SPDR Solactive Japan ETF 12.7 14 33 6.5 -1.7
FEZ SPDR EURO STOXX 50 ETF 12.7 29 18 6.2 -2.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 12.7 29 18 7.1 -1.1
IPAC iShares Core MSCI Pacific ETF 12.7 9 38 6.3 -1.9
EWJ iShares MSCI Japan ETF 12.6 51 -4 6.0 -2.2
BBJP JPMorgan BetaBuilders Japan ETF 12.6 19 28 6.4 -1.8
DOO WisdomTree International Dividend ex-Financials Fund 12.6 58 -11 7.7 -0.5
OEUR O'shares FTSE Europe Quality Dividend ETF 12.6 48 -1 5.1 -3.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 12.6 45 2 6.1 -2.1
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 12.6 25 22 6.2 -2.0
FGD First Trust Dow Jones Global Select Dividend Index Fund 12.4 59 -12 10.2 +2.0
LVHI Legg Mason International Low Volatility High Dividend ETF 12.4 40 7 9.0 +0.8
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 12.3 45 2 9.8 +1.6

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 Dynamic 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 13.8 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 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.