FlexShares International Quality Dividend Dynamic Index Fund
ALTAR
Score™
9.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.2x P/Sales
ratio
1.2x
P/BV
ratio
1.5x Div.
yield
4.2%


  • 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) $23
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 177
Wgt avg mkt cap (mns) $62,053
Large cap (>$10bn) 63.5%
Mid cap ($2-10bn) 34.4%
Small cap (<$2bn) 2.0%
Developed mkts 73.4%
Emerging mkts 26.6%

TOP TEN HOLDINGS
ASML HOLDING NV 3.8 %
ROYAL BANK OF CANADA 2.4 %
GLAXOSMITHKLINE PLC 2.1 %
L'OREAL 2.0 %
ALLIANZ SE-REG 1.9 %
NESTLE SA-REG 1.5 %
NINTENDO CO LTD 1.4 %
NOVARTIS AG-REG 1.3 %
TENCENT HOLDINGS LTD 1.2 %
RIO TINTO PLC 1.2 %
Total 18.9 %

TOP COUNTRY EXPOSURE
JAPAN 18.3 %
BRITAIN 11.0 %
CHINA 8.2 %
FRANCE 5.3 %
SWITZERLAND 5.2 %
GERMANY 4.7 %
CANADA 4.7 %
NETHERLANDS 4.5 %
HONG KONG 3.8 %
SOUTH AFRICA 3.5 %

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.
-10.5% -0.1% 5.4% -- 2.7%

Market Correlations
versus... Beta R-squared
S&P500 0.93 77%
MSCI EAFE 1.13 94%
MSCI Emg. Mkts. 0.86 85%

Technical Indicators
Recent close $23.45
30d moving avg. $23.53
Annualized volatility 18.8%
Short interest (ETF) 3.6%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.6%
Bid/Ask (% of price) 0.25%
ADV underlying (mns) $15,067

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 9.3%


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 53.1 47 0 9.2 -0.1
IQDE FlexShares International Quality Dividend Defensive Index Fd 38.6 47 0 9.2 -0.1
DOL WisdomTree International LargeCap Dividend Fund 24.2 48 -1 8.9 -0.4
DWM WisdomTree International Equity Fund 22.4 48 -1 8.5 -0.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 22.2 35 12 8.7 -0.6
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 21.5 20 27 11.7 +2.3
IDY Pacific Global International Equity Income ETF 21.1 39 8 8.2 -1.2
IDHQ Invesco S&P International Developed Quality ETF 20.8 29 18 5.1 -4.3
IQLT iShares Edge MSCI Intl Quality Factor ETF 20.2 30 17 6.0 -3.3
VYMI Vanguard International High Dividend Yield ETF 20.1 27 20 10.2 +0.9
BKIE BNY Mellon International Equity ETF 20.0 4 43 7.5 -1.9
PDEV Principal International Multi-Factor Core Index ETF 19.7 25 22 7.9 -1.4
IEV iShares Europe ETF 19.4 59 -12 6.9 -2.4
GSID Goldman Sachs MarketBeta International Equity ETF 19.4 20 27 7.3 -2.0
EFA iShares MSCI EAFE ETF 19.4 32 15 7.1 -2.3
HFXI IQ 50 Percent Hedged FTSE International ETF 19.4 20 27 7.4 -1.9
DTH WisdomTree DEFA Equity Income Fund 19.2 58 -11 10.1 +0.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 19.1 35 12 6.9 -2.4
ACWX iShares MSCI ACWI ex U.S. ETF 19.1 32 15 7.3 -2.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.1 45 2 9.0 -0.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 19.1 45 2 6.7 -2.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 19.0 40 7 7.1 -2.3
BBEU JPMorgan BetaBuilders Europe ETF 19.0 9 38 7.4 -2.0
VGFO Virtus WMC Global Factor Opportunities ETF 19.0 49 -2 8.2 -1.2
SCHF Schwab International Equity ETF 18.8 6 41 7.3 -2.1
FLEE Franklin FTSE Europe ETF 18.7 9 38 7.1 -2.3
EFV iShares MSCI EAFE Value ETF 18.7 39 8 9.8 +0.5
FLEH Franklin FTSE Europe Hedged ETF 18.7 9 38 7.1 -2.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 18.7 7 40 7.5 -1.8
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 18.6 25 22 6.5 -2.9
IGRO iShares International Dividend Growth ETF 18.3 22 25 8.4 -0.9
JHMD John Hancock Multifactor Developed International ETF 18.3 39 8 7.3 -2.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 18.3 20 27 7.1 -2.3
CWI SPDR MSCI ACWI ex-US ETF 18.2 30 17 7.2 -2.2
IQSI IQ Candriam ESG International Equity ETF 18.1 15 32 7.5 -1.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 18.1 25 22 6.7 -2.7
FNDF Schwab Fundamental International Large Co. Index ETF 18.1 25 22 8.8 -0.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 18.0 14 33 6.9 -2.4
VEU Vanguard FTSE All-World ex-US Index Fund 17.9 8 39 7.5 -1.8
ESGD iShares MSCI EAFE ESG Optimized ETF 17.8 20 27 6.9 -2.4
IEUR iShares Core MSCI Europe ETF 17.6 9 38 7.3 -2.0
FEU SPDR Portfolio Europe ETF 17.3 9 38 7.4 -1.9
IEFA iShares Core MSCI EAFE ETF 17.3 7 40 7.3 -2.1
VGK Vanguard FTSE Europe ETF 17.2 8 39 7.5 -1.9
IXUS ishares Core MSCI Total International Stock ETF 17.2 9 38 7.3 -2.0
DOO WisdomTree International Dividend ex-Financials Fund 17.2 58 -11 9.0 -0.3
IDEV iShares Core MSCI International Developed Markets ETF 17.2 5 42 7.2 -2.1
QEFA SPDR MSCI EAFE Quality Mix ETF 17.1 30 17 6.8 -2.5
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 17.0 61 -14 5.2 -4.2
VEA Vanguard FTSE Developed Markets ETF 17.0 5 42 7.4 -2.0
SPDW SPDR Portfolio Developed World ex-US ETF 16.9 4 43 7.1 -2.2
QINT American Century Quality Diversified International ETF 16.7 39 8 6.1 -3.2
RESD WisdomTree International ESG Fund 16.7 30 17 6.8 -2.5
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 16.7 35 12 6.7 -2.6
VSGX Vanguard ESG International Stock ETF 16.5 17 30 7.1 -2.3
ISDX Invesco Strategic Developed ex-US ETF 16.4 23 24 7.4 -1.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 16.2 16 31 6.9 -2.4
OEUR O'shares FTSE Europe Quality Dividend ETF 16.1 48 -1 6.8 -2.5
VXUS Vanguard Total International Stock Index Fund 15.8 8 39 7.5 -1.8
IQIN IQ 500 International ETF 15.7 25 22 8.7 -0.6
RFDI First Trust Riverfront Dynamic Developed International ETF 15.5 83 -36 5.7 -3.6
EZU iShares MSCI Eurozone ETF 15.3 49 -2 6.6 -2.7
FIVA Fidelity International Value Factor ETF 15.1 39 8 10.0 +0.7
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 14.9 20 27 9.9 +0.6
EURZ Xtrackers Eurozone Equity ETF 14.9 9 38 7.1 -2.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 14.2 45 2 6.8 -2.6
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 14.0 39 8 6.6 -2.8
RFEU First Trust Riverfront Dynamic Europe ETF 13.5 83 -36 5.9 -3.5
IVLU iShares Edge MSCI Intl Value Factor ETF 13.4 30 17 11.7 +2.4
VIGI Vanguard International Dividend Appreciation ETF 13.4 20 27 5.5 -3.8
FDEV Fidelity Targeted International Factor ETF 13.4 39 8 6.5 -2.8
NUDM Nuveen ESG International Developed Markets Equity ETF 13.3 40 7 6.8 -2.5
EFG iShares MSCI EAFE Growth ETF 12.9 40 7 4.5 -4.9
LVHI Legg Mason International Low Volatility High Dividend ETF 12.6 40 7 9.5 +0.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 12.6 58 -11 7.8 -1.5
CIL VictoryShares International Volatility Weighted Index ETF 12.5 45 2 6.9 -2.4
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 12.5 39 8 8.4 -1.0
IQDG WisdomTree International Quality Dividend Growth Fund 12.4 42 5 6.2 -3.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 12.4 58 -11 6.0 -3.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 12.4 45 2 6.9 -2.4
LVIN Hartford Multifactor Low Volatility International Equity ETF 12.2 29 18 11.6 +2.2
FEZ SPDR EURO STOXX 50 ETF 12.2 29 18 6.8 -2.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 11.9 29 18 7.9 -1.5
JPXN iShares JPX-Nikkei 400 ETF 11.8 48 -1 7.0 -2.3
EFAS Global X MSCI SuperDividend EAFE ETF 11.8 56 -9 9.9 +0.6
QJPN SPDR MSCI Japan StrategicFactors ETF 11.8 14 33 7.5 -1.8
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 11.8 9 38 7.5 -1.9
EWJ iShares MSCI Japan ETF 11.7 49 -2 7.0 -2.4
BBJP JPMorgan BetaBuilders Japan ETF 11.6 19 28 7.2 -2.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 11.5 45 2 7.0 -2.3
FLJP Franklin FTSE Japan ETF 11.4 9 38 7.4 -1.9
FLJH Franklin FTSE Japan Hedged ETF 11.3 9 38 7.3 -2.1
IDV iShares International Select Dividend ETF 11.3 49 -2 10.7 +1.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 11.3 25 22 7.2 -2.2
DMDV AAM S&P Developed Markets High Dividend Value ETF 11.3 39 8 11.5 +2.2
JPIN JPMorgan Diversified Return International Equity ETF 11.2 37 10 7.9 -1.5
DXJ WisdomTree Japan Hedged Equity Fund 11.0 48 -1 7.9 -1.4
IMTM iShares Edge MSCI Intl Momentum Factor ETF 11.0 30 17 4.4 -5.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 10.9 32 15 6.1 -3.3

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 Dynamic 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 14.1 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 9.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.52 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.