FlexShares International Quality Dividend Dynamic Index Fund
ALTAR
Score™
12.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
9.2x P/Sales
ratio
0.9x
P/BV
ratio
1.3x Div.
yield
6.8%


  • 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) $21
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 171
Wgt avg mkt cap (mns) $59,121
Large cap (>$10bn) 64.6%
Mid cap ($2-10bn) 32.3%
Small cap (<$2bn) 3.1%
Developed mkts 74.9%
Emerging mkts 25.1%

TOP TEN HOLDINGS
ASML HOLDING NV 3.8 %
GLAXOSMITHKLINE PLC 2.4 %
ROYAL BANK OF CANADA 2.4 %
ALLIANZ SE-REG 2.1 %
L'OREAL 2.0 %
NESTLE SA-REG 1.5 %
NINTENDO CO LTD 1.3 %
NOVARTIS AG-REG 1.3 %
TENCENT HOLDINGS LTD 1.2 %
TOKYO ELECTRON LTD 1.2 %
Total 19.3 %

TOP COUNTRY EXPOSURE
JAPAN 18.1 %
BRITAIN 10.7 %
CHINA 8.8 %
SWITZERLAND 5.5 %
GERMANY 4.9 %
NETHERLANDS 4.6 %
CANADA 4.6 %
FRANCE 4.4 %
HONG KONG 4.1 %
SOUTH AFRICA 3.5 %

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.
-14.1% -5.2% 1.4% -- 2.2%

Market Correlations
versus... Beta R-squared
S&P500 0.96 77%
MSCI EAFE 1.14 94%
MSCI Emg. Mkts. 0.88 89%

Technical Indicators
Recent close $22.99
30d moving avg. $22.87
Annualized volatility 18.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.1%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $22,331

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™: 12.7%


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 53.0 47 0 12.3 -0.3
IQDE FlexShares International Quality Dividend Defensive Index Fd 37.9 47 0 12.3 -0.4
DOL WisdomTree International LargeCap Dividend Fund 22.3 48 -1 8.6 -4.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 20.9 20 27 11.1 -1.6
IDHQ Invesco S&P International Developed Quality ETF 20.6 29 18 5.1 -7.6
DWM WisdomTree International Equity Fund 20.5 48 -1 8.3 -4.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 20.4 30 17 6.1 -6.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 20.4 35 12 8.6 -4.1
BKIE BNY Mellon International Equity ETF 18.8 4 43 7.5 -5.2
QINT American Century Quality Diversified International ETF 18.5 39 8 5.8 -6.9
PDEV Principal International Multi-Factor Core Index ETF 18.4 25 22 8.0 -4.7
IGRO iShares International Dividend Growth ETF 18.4 22 25 8.1 -4.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 18.3 45 2 9.0 -3.7
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 18.2 61 -14 5.0 -7.7
HFXI IQ 50 Percent Hedged FTSE International ETF 18.1 20 27 7.5 -5.1
GSID Goldman Sachs MarketBeta International Equity ETF 18.1 20 27 7.4 -5.3
IDY Pacific Global International Equity Income ETF 18.0 39 8 8.1 -4.6
DTH WisdomTree DEFA Equity Income Fund 17.9 58 -11 9.8 -2.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 17.8 14 33 7.0 -5.7
EFA iShares MSCI EAFE ETF 17.8 32 15 7.1 -5.6
SCHF Schwab International Equity ETF 17.7 6 41 7.4 -5.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 17.6 35 12 6.9 -5.7
ACWX iShares MSCI ACWI ex U.S. ETF 17.6 32 15 7.3 -5.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 17.6 40 7 7.1 -5.6
FNDF Schwab Fundamental International Large Co. Index ETF 17.6 25 22 8.9 -3.8
IEV iShares Europe ETF 17.5 59 -12 6.8 -5.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 17.5 7 40 7.6 -5.1
ESGD iShares MSCI EAFE ESG Optimized ETF 17.5 20 27 7.0 -5.7
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 17.5 30 17 6.8 -5.9
BBEU JPMorgan BetaBuilders Europe ETF 17.5 9 38 7.3 -5.3
IQSI IQ Candriam ESG International Equity ETF 17.4 15 32 7.3 -5.4
FLEH Franklin FTSE Europe Hedged ETF 17.4 9 38 7.1 -5.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 17.3 45 2 6.7 -6.0
CWI SPDR MSCI ACWI ex-US ETF 17.3 30 17 7.2 -5.5
FLEE Franklin FTSE Europe ETF 17.2 9 38 7.0 -5.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 17.1 20 27 7.1 -5.6
RFDI First Trust Riverfront Dynamic Developed International ETF 17.1 83 -36 5.7 -7.0
VEU Vanguard FTSE All-World ex-US Index Fund 17.0 8 39 7.6 -5.1
EFV iShares MSCI EAFE Value ETF 17.0 39 8 9.6 -3.1
VYMI Vanguard International High Dividend Yield ETF 16.9 32 15 10.2 -2.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 16.5 25 22 6.5 -6.2
ISDX Invesco Strategic Developed ex-US ETF 16.4 23 24 7.6 -5.1
JHMD John Hancock Multifactor Developed International ETF 16.4 39 8 7.5 -5.2
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 16.3 30 17 0.0 -12.7
QEFA SPDR MSCI EAFE Quality Mix ETF 16.3 30 17 6.9 -5.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 16.2 25 22 6.6 -6.1
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 16.1 35 12 6.8 -5.9
IEUR iShares Core MSCI Europe ETF 16.1 9 38 7.3 -5.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 16.1 16 31 6.9 -5.8
SPDW SPDR Portfolio Developed World ex-US ETF 16.0 4 43 7.2 -5.5
IXUS ishares Core MSCI Total International Stock ETF 16.0 9 38 7.4 -5.3
IEFA iShares Core MSCI EAFE ETF 15.9 7 40 7.4 -5.3
VEA Vanguard FTSE Developed Markets ETF 15.9 5 42 7.5 -5.2
VXUS Vanguard Total International Stock Index Fund 15.9 8 39 7.6 -5.1
IDEV iShares Core MSCI International Developed Markets ETF 15.9 5 42 7.3 -5.4
FEU SPDR Portfolio Europe ETF 15.7 9 38 7.4 -5.3
FIVA Fidelity International Value Factor ETF 15.7 39 8 10.1 -2.6
VGK Vanguard FTSE Europe ETF 15.6 8 39 7.4 -5.2
IQIN IQ 500 International ETF 15.4 25 22 9.0 -3.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 15.2 39 8 6.7 -6.0
DOO WisdomTree International Dividend ex-Financials Fund 15.1 58 -11 8.9 -3.8
VSGX Vanguard ESG International Stock ETF 15.0 17 30 7.2 -5.5
OEUR O'shares FTSE Europe Quality Dividend ETF 14.6 48 -1 6.6 -6.1
EZU iShares MSCI Eurozone ETF 14.1 49 -2 6.6 -6.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 14.1 20 27 9.6 -3.1
EURZ Xtrackers Eurozone Equity ETF 13.7 9 38 7.1 -5.6
JPXN iShares JPX-Nikkei 400 ETF 13.2 48 -1 7.4 -5.3
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 13.2 9 38 7.8 -4.9
QJPN SPDR MSCI Japan StrategicFactors ETF 13.2 14 33 7.8 -4.9
EWJ iShares MSCI Japan ETF 13.1 49 -2 7.2 -5.5
NUDM Nuveen ESG International Developed Markets Equity ETF 13.1 40 7 7.0 -5.7
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 13.1 45 2 10.0 -2.6
LVIN Hartford Multifactor Low Volatility International Equity ETF 13.0 29 18 12.3 -0.4
DBJP Xtrackers MSCI Japan Hedged Equity ETF 13.0 45 2 7.3 -5.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 13.0 29 18 8.8 -3.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 13.0 45 2 6.8 -5.9
BBJP JPMorgan BetaBuilders Japan ETF 13.0 19 28 7.6 -5.1
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 12.9 30 17 7.5 -5.2
EFG iShares MSCI EAFE Growth ETF 12.9 40 7 4.6 -8.1
JPEU JPMorgan Diversified Return Europe Equity ETF 12.8 37 10 7.0 -5.7
FLJH Franklin FTSE Japan Hedged ETF 12.8 9 38 7.8 -4.9
FLJP Franklin FTSE Japan ETF 12.8 9 38 7.7 -5.0
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 12.8 58 -11 6.3 -6.4
IVLU iShares Edge MSCI Intl Value Factor ETF 12.8 30 17 11.5 -1.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 12.7 58 -11 7.8 -4.9
IQDG WisdomTree International Quality Dividend Growth Fund 12.7 38 9 6.4 -6.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 12.5 25 22 7.3 -5.4
VIGI Vanguard International Dividend Appreciation ETF 12.5 25 22 5.6 -7.1
CIL VictoryShares International Volatility Weighted Index ETF 12.4 45 2 6.8 -5.9
DXJ WisdomTree Japan Hedged Equity Fund 12.3 48 -1 8.4 -4.3
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 11.9 39 8 8.5 -4.2
IDMO Invesco S&P International Developed Momentum ETF 11.9 26 21 4.5 -8.2
FDEV Fidelity Targeted International Factor ETF 11.8 39 8 6.6 -6.1
RFEU First Trust Riverfront Dynamic Europe ETF 11.6 83 -36 5.4 -7.3
IPAC iShares Core MSCI Pacific ETF 11.3 9 38 7.4 -5.3
FEZ SPDR EURO STOXX 50 ETF 11.2 29 18 7.1 -5.6
IDV iShares International Select Dividend ETF 10.9 49 -2 10.2 -2.5
VPL Vanguard FTSE Pacific ETF 10.8 8 39 7.8 -4.9
IMTM iShares Edge MSCI Intl Momentum Factor ETF 10.8 30 17 4.3 -8.4

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 16.6 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 12.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 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.