FlexShares STOXX Global Broad Infrastructure Index Fund
ALTAR
Score™
6.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.8x P/Sales
ratio
1.8x
P/BV
ratio
1.9x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FlexShares STOXX Global Broad Infrastructure Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the STOXX Global Broad Infrastructure Index Fund.

FUND BASICS
Category Global Equities
Fund Sponsor FlexShares ETFs/USA
Website www.flexshares.com
Inception date Oct 08, 2013
Assets (mns) $1,720
Currency USD
Expense ratio 47 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 180
Wgt avg mkt cap (mns) $64,960
Large cap (>$10bn) 86.1%
Mid cap ($2-10bn) 12.9%
Small cap (<$2bn) 1.0%
Developed mkts 95.2%
Emerging mkts 4.8%

TOP TEN HOLDINGS
CANADIAN NATL RAILWAY CO 4.3 %
VERIZON COMMUNICATIONS INC 4.1 %
AT&T INC 3.9 %
IBERDROLA SA 3.3 %
COMCAST CORP-CL A 3.3 %
ENEL SPA 3.3 %
ENBRIDGE INC 2.8 %
DEUTSCHE POST AG-REG 2.5 %
CANADIAN PACIFIC RAILWAY LTD 2.3 %
NEXTERA ENERGY GROUP 2.3 %
Total 32.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 39.3 %
CANADA 14.8 %
JAPAN 10.9 %
AUSTRALIA 4.9 %
BRITAIN 4.6 %
ITALY 4.5 %
SPAIN 4.3 %
GERMANY 3.6 %
FRANCE 2.8 %
HONG KONG 2.3 %

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.
-10.4% -4.2% 4.3% -- 4.8%

Market Correlations
versus... Beta R-squared
S&P500 0.71 76%
MSCI EAFE 0.78 80%
MSCI Emg. Mkts. 0.55 63%

Technical Indicators
Recent close $47.92
30d moving avg. $48.64
Annualized volatility 13.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 49

Liquidity measures
Avg. volume (thou.) 111
Turnover 0.3%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $25,585

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the FlexShares STOXX Global Broad Infrastructure Index Fund ETF based on the alternatives' overlap in portfolio holdings with NFRA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: NFRA Expense: 47 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH NFRA
Ticker Fund
Name
Overlap1
vs NFRA
(%)
Expense
ratio
(bp)
Savings
vs NFRA
(bp)
ALTAR
Score™
(%)
ALTAR
vs NFRA
(%)
INFR Legg Mason Global Infrastructure ETF 37.2 40 7 6.3 -0.3
GII SPDR S&P Global Infrastructure ETF 33.4 40 7 5.5 -1.0
IGF iShares Global Infrastructure ETF 33.4 46 1 5.5 -1.1
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 25.8 15 32 6.9 +0.4
JXI iShares Global Utilities ETF 24.7 46 1 6.0 -0.6
GLIF AGFiQ Global Infrastructure ETF 24.6 45 2 5.4 -1.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 23.5 46 1 5.5 -1.0
IXP iShares Global Comm Services ETF 22.2 46 1 5.6 -1.0
JKF iShares Morningstar Large Cap Value ETF 18.2 25 22 7.6 +1.0
DEW WisdomTree Global High Dividend Fund 18.1 58 -11 9.4 +2.9
DHS WisdomTree U.S. High Dividend Fund 16.3 38 9 8.7 +2.2
ACWV iShares Edge MSCI Min Vol Global ETF 15.8 20 27 5.7 -0.8
VYM Vanguard High Dividend Yield Index ETF 15.3 6 41 7.4 +0.8
SPMV Invesco S&P 500 Minimum Variance ETF 15.3 10 37 5.9 -0.7
DLN WisdomTree U.S. LargeCap Dividend Fund 15.2 28 19 6.4 -0.1
SPMO Invesco S&P 500 Momentum ETF 15.2 13 34 4.4 -2.2
QCAN SPDR MSCI Canada Quality Mix ETF 14.8 14 33 7.1 +0.6
PFM Invesco Dividend Achievers ETF 14.8 54 -7 5.5 -1.1
FLCA Franklin FTSE Canada ETF 14.7 9 38 7.4 +0.8
EMLP First Trust North American Energy Infrastructure Fund 14.6 96 -49 5.9 -0.7
BBCA JPMorgan BetaBuilders Canada ETF 14.6 19 28 7.1 +0.6
HDV iShares Core High Dividend ETF 14.2 8 39 6.8 +0.3
IWX iShares Russell Top 200 Value ETF 14.2 20 27 7.2 +0.6
FCOM Fidelity MSCI Telecommunication Services Index ETF 13.7 8 39 4.9 -1.6
VOX Vanguard Telecommunication Services Index Fund 13.7 10 37 4.8 -1.7
YLDE ClearBridge Dividend Strategy ESG ETF 13.6 60 -13 5.0 -1.6
DTD WisdomTree U.S.Total Dividend Fund 13.6 28 19 6.7 +0.2
DURA VanEck Vectors Morningstar Durable Dividend ETF 13.5 29 18 7.3 +0.7
LSLT Salt Low truBeta US Market ETF 13.5 29 18 6.1 -0.5
JHCS John Hancock Multifactor Media & Communications ETF 13.5 40 7 5.5 -1.1
FDL First Trust Morningstar Dividend Leaders Index Fund 13.4 45 2 10.3 +3.8
BIBL Inspire ETF 13.3 35 12 4.9 -1.6
VOOV Vanguard S&P 500 Value ETF 13.3 15 32 7.4 +0.9
VEGN US Vegan Climate ETF 13.3 60 -13 5.2 -1.3
IVE iShares S&P 500 Value ETF 13.2 18 29 7.3 +0.8
SPYV SPDR Portfolio S&P 500 Value ETF 13.2 4 43 7.5 +0.9
FIVG Defiance Next Gen Connectivity ETF 13.1 30 17 4.9 -1.7
USMV iShares Edge MSCI Min Vol USA ETF 13.1 15 32 5.6 -1.0
JMIN JPMorgan U.S. Minimum Volatility ETF 13.0 12 35 5.9 -0.6
VONV Vanguard Russell 1000 Value Index Fund 12.9 8 39 7.4 +0.8
EWC iShares MSCI Canada ETF 12.8 49 -2 6.9 +0.4
IFRA iShares U.S. Infrastructure ETF 12.7 40 7 6.1 -0.4
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 12.7 40 7 7.5 +1.0
XLC The Communication Services Select Sector SPDR Fund 12.7 13 34 5.7 -0.8
IUSV iShares Core S&P U.S. Value ETF 12.6 4 43 7.6 +1.0
SCHV Schwab U.S. Large-Cap Value ETF 12.5 4 43 7.2 +0.7
EXI iShares Global Industrials ETF 12.5 46 1 6.2 -0.4
VETS Pacer Military Times Best Employers ETF 12.4 60 -13 7.0 +0.5
REVS Columbia Research Enhanced Value ETF 12.4 19 28 7.8 +1.2
MGV Vanguard Mega Cap Value ETF 12.4 7 40 7.3 +0.8
IWD iShares Russell 1000 Value ETF 12.3 19 28 7.2 +0.7
FUTY Fidelity MSCI Utilities Index ETF 12.3 8 39 5.9 -0.7
VPU Vanguard Utilities Index Fund 12.3 10 37 5.9 -0.7
JHMU John Hancock Multifactor Utilities ETF 12.1 40 7 6.1 -0.4
IDU iShares U.S. Utilities ETF 12.1 43 4 5.6 -0.9
VTV Vanguard Value Index Fund 11.9 4 43 7.5 +0.9
USDY Pacific Global US Equity Income ETF 11.9 29 18 7.3 +0.8
RYU Invesco S&P 500 Equal Weight Utilities ETF 11.9 40 7 6.3 -0.3
XLU Utilities Select Sector SPDR Fund 11.9 13 34 5.9 -0.6
PWV Invesco Dynamic Large Cap Value ETF 11.9 55 -8 8.9 +2.3
FVD First Trust Value Line Dividend Index Fund 11.6 70 -23 6.4 -0.1
QLV FlexShares US Quality Low Volatility Index Fund 11.6 22 25 4.9 -1.7
FXU First Trust Utilities AlphaDEX Fund 11.5 63 -16 6.3 -0.2
JDIV JPMorgan U.S. Dividend ETF 11.5 12 35 8.0 +1.4
SPYD SPDR S&P 500 High Dividend ETF 11.2 7 40 10.5 +4.0
SCIU Global X Scientific Beta US ETF 11.1 19 28 5.8 -0.7
DVY iShares Select Dividend ETF 11.0 39 8 9.7 +3.2
SPXT ProShares S&P 500 Ex-Technology ETF 10.9 27 20 5.7 -0.9
IDMO Invesco S&P International Developed Momentum ETF 10.9 26 21 4.5 -2.0
NXTG First Trust Indxx NextG ETF 10.7 70 -23 6.1 -0.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 10.7 28 19 6.5 -0.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 10.5 38 9 8.1 +1.5
PRF Invesco FTSE RAFI US 1000 ETF 10.4 39 8 6.9 +0.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 10.3 18 29 6.3 -0.3
DTH WisdomTree DEFA Equity Income Fund 10.3 58 -11 9.8 +3.3
DOL WisdomTree International LargeCap Dividend Fund 10.3 48 -1 8.6 +2.1
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 10.2 30 17 9.9 +3.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 10.2 20 27 5.5 -1.0
FLQL Franklin LibertyQ U.S. Equity ETF 10.2 15 32 6.3 -0.2
QDEF FlexShares Quality Dividend Defensive Index Fund 10.0 37 10 5.9 -0.7
EQWL Invesco Russell Top 200 Equal Weight ETF 10.0 25 22 6.1 -0.4
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 9.9 30 17 7.6 +1.0
FDRR Fidelity Dividend ETF for Rising Rates 9.9 29 18 7.0 +0.5
DEF Invesco Defensive Equity ETF 9.8 55 -8 5.1 -1.4
EFV iShares MSCI EAFE Value ETF 9.7 39 8 9.6 +3.1
VYMI Vanguard International High Dividend Yield ETF 9.6 32 15 10.2 +3.7
GCOW Pacer Global High Dividend ETF 9.6 60 -13 10.5 +3.9
WLDR Affinity World Leaders Equity ETF 9.6 47 0 9.6 +3.0
FMK First Trust Mega Cap AlphaDEX Fund 9.6 70 -23 5.2 -1.4
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 9.5 20 27 11.1 +4.5
FNDX Schwab Fundamental U.S. Large Co. Index ETF 9.4 25 22 6.6 +0.0
FLLV Franklin Liberty U.S. Low Volatility ETF 9.4 29 18 5.9 -0.7
OUSA O'Shares FTSE US Quality Dividend ETF 9.4 48 -1 5.7 -0.9
KLCD KFA Large Cap Quality Dividend Index ETF 9.4 41 6 5.4 -1.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 9.3 12 35 4.8 -1.8
VIG Vanguard Dividend Appreciation Index Fund 9.3 6 41 5.4 -1.1
OEUR O'shares FTSE Europe Quality Dividend ETF 9.3 48 -1 6.6 +0.1
PUI Invesco DWA Utilities Momentum ETF 9.2 60 -13 4.8 -1.8
QWLD SPDR MSCI World StrategicFactors ETF 9.2 30 17 6.2 -0.4
JPGE JPMorgan Diversified Return Global Equity ETF 9.1 29 18 7.5 +0.9

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 STOXX Global Broad Infrastructure 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 12.9 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.50
 
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.