FlexShares US Quality Large Cap Index Fund
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.1x P/Sales
ratio
1.9x
P/BV
ratio
2.9x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The FlexShares US Quality Large Cap Index Fund ETF tracks an index of the highest quality large-caps, as defined by Northern Trust's proprietary scoring model.

FUND BASICS
Category US Equities
Fund Sponsor Northern Trust
Website www.flexshares.com
Inception date Sep 23, 2015
Assets (mns) $72
Currency USD
Expense ratio 32 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 144
Wgt avg mkt cap (mns) $416,537
Large cap (>$10bn) 95.6%
Mid cap ($2-10bn) 3.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 8.4 %
MICROSOFT CORP 4.0 %
AMAZON.COM INC 3.1 %
JOHNSON & JOHNSON 2.4 %
VISA INC-CLASS A SHARES 2.3 %
PROCTER & GAMBLE CO/THE 1.9 %
CISCO SYSTEMS INC 1.8 %
TEXAS INSTRUMENTS INC 1.7 %
CITIGROUP INC 1.7 %
AMGEN INC 1.6 %
Total 28.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.8 %
IRELAND 2.7 %
BRITAIN 1.1 %
LUXEMBOURG 0.8 %
ISRAEL 0.6 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.9% 6.8% -- -- 9.9%

Market Correlations
versus... Beta R-squared
S&P500 1.02 97%
MSCI EAFE 1.04 85%
MSCI Emg. Mkts. 0.73 68%

Technical Indicators
Recent close $37.18
30d moving avg. $35.92
Annualized volatility 17.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.4%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $107,038

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the FlexShares US Quality Large Cap Index Fund ETF based on the alternatives' overlap in portfolio holdings with QLC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QLC Expense: 32 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QLC
Ticker Fund
Name
Overlap1
vs QLC
(%)
Expense
ratio
(bp)
Savings
vs QLC
(bp)
ALTAR
Score™
(%)
ALTAR
vs QLC
(%)
QDF FlexShares Quality Dividend Index Fund 53.3 37 -5 5.9 +0.8
DIVB iShares U.S. Dividend & Buyback ETF 48.7 25 7 6.3 +1.1
AFLG First Trust Active Factor Large Cap ETF 48.4 55 -23 5.3 +0.1
BKLC BNY Mellon US Large Cap Core Equity ETF 47.0 0 32 4.9 -0.2
EPS WisdomTree U.S. Earnings 500 Fund 47.0 8 24 6.2 +1.1
OEF iShares S&P 100 ETF 46.9 20 12 4.6 -0.6
IWL iShares Russell Top 200 ETF 46.8 15 17 4.7 -0.4
PBP Invesco S&P 500 BuyWrite ETF 46.6 49 -17 4.7 -0.4
MGC Vanguard Mega Cap Index Fund 46.1 7 25 5.0 -0.2
HSPX Global X S&P 500 Covered Call ETF 45.9 65 -33 4.6 -0.6
RECS Columbia Research Enhanced Core ETF 45.9 15 17 5.4 +0.2
SPY SPDR S&P 500 ETF Trust 45.4 9 23 5.1 -0.1
SPLG SPDR Portfolio Large Cap ETF 45.4 3 29 5.2 +0.0
IVV iShares Core S&P 500 ETF 45.3 4 28 5.2 0.0
VOO VANGUARD S&P 500 ETF 45.2 3 29 5.2 +0.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 45.1 20 12 5.1 -0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 45.1 9 23 5.3 +0.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 45.1 7 25 5.0 -0.2
ESGU iShares MSCI USA ESG Optimized ETF 45.0 15 17 4.9 -0.3
SPXE ProShares S&P 500 Ex-Energy ETF 45.0 27 5 5.1 -0.1
SNPE Xtrackers S&P 500 ESG ETF 45.0 11 21 4.9 -0.3
QDYN FlexShares Quality Dividend Dynamic Index Fund 44.7 37 -5 5.9 +0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 44.6 20 12 4.7 -0.4
PBUS Invesco PureBeta MSCI USA ETF 44.5 4 28 5.0 -0.1
QDEF FlexShares Quality Dividend Defensive Index Fund 44.3 37 -5 5.6 +0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 44.1 2 30 5.1 -0.1
IQSU IQ Candriam ESG US Equity ETF 43.9 9 23 4.9 -0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 43.7 15 17 6.0 +0.8
SPXN ProShares S&P 500 Ex-Financials ETF 43.6 27 5 4.7 -0.4
VV Vanguard Large-Cap Index Fund 43.6 4 28 5.0 -0.2
FVAL Fidelity Value Factor ETF 43.5 29 3 7.6 +2.4
SCHX Schwab U.S. Large-Cap ETF 43.4 3 29 5.1 -0.1
SPTM SPDR Portfolio Total Stock Market ETF 43.3 3 29 5.3 +0.1
SPXV ProShares S&P 500 Ex-Health Care ETF 43.0 27 5 4.7 -0.4
CATH Global X S&P 500 Catholic Values Custom ETF 42.8 29 3 5.0 -0.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 42.7 19 13 5.8 +0.6
SCHK Schwab 1000 Index ETF 42.7 5 27 5.0 -0.1
IWB iShares Russell 1000 ETF 42.6 15 17 4.9 -0.3
VONE Vanguard Russell 1000 ETF 42.6 8 24 5.0 -0.2
IYY iShares Dow Jones U.S. ETF 42.3 20 12 4.9 -0.2
SPHQ Invesco S&P 500 Quality ETF 42.3 15 17 4.5 -0.7
QUS SPDR MSCI USA StrategicFactors ETF 42.3 15 17 5.6 +0.5
FQAL Fidelity Quality Factor ETF 42.3 29 3 5.3 +0.1
XLG Invesco S&P 500 Top 50 ETF 42.0 20 12 4.3 -0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 41.4 25 7 6.1 +1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 41.3 12 20 4.5 -0.7
SCHB Schwab U.S. Broad Market ETF 41.2 3 29 5.0 -0.2
IWV iShares Russell 3000 ETF 41.2 20 12 4.8 -0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 41.1 3 29 4.9 -0.2
VTHR Vanguard Russell 3000 Index Fund 41.1 10 22 4.8 -0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 41.0 28 4 6.2 +1.0
FDRR Fidelity Dividend ETF for Rising Rates 40.6 29 3 6.7 +1.5
JQUA JPMorgan U.S. Quality Factor ETF 40.4 12 20 5.1 -0.0
EXT WisdomTree U.S. Total Earnings Fund 40.3 28 4 5.0 -0.2
ESGV Vanguard ESG U.S. Stock ETF 40.2 12 20 4.9 -0.3
EQWL Invesco Russell Top 200 Equal Weight ETF 40.1 25 7 5.9 +0.7
JHML John Hancock Multifactor Large Cap ETF 40.0 29 3 5.3 +0.1
VTI Vanguard Total Stock Market Index Fund 40.0 3 29 4.9 -0.3
SFY SoFi Select 500 ETF 39.9 0 32 5.0 -0.2
KRMA Global X Conscious Companies ETF 39.9 43 -11 4.9 -0.2
ESG FlexShares STOXX US ESG Impact Index Fund 39.8 32 0 4.8 -0.3
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 39.7 49 -17 3.8 -1.3
NACP Impact Shares NAACP Minority Empowerment ETF 39.6 75 -43 4.6 -0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 39.6 60 -28 3.9 -1.2
IUS Invesco Strategic US ETF 38.9 19 13 6.2 +1.1
VOOG Vanguard S&P 500 Growth ETF 38.9 10 22 4.1 -1.1
SPYG SPDR Portfolio S&P 500 Growth ETF 38.9 4 28 4.2 -1.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 38.9 25 7 6.1 +1.0
IVW iShares S&P 500 Growth ETF 38.9 18 14 4.0 -1.2
AVUS Avantis U.S. Equity ETF 38.8 15 17 5.4 +0.2
DTD WisdomTree U.S.Total Dividend Fund 38.7 28 4 6.4 +1.2
HIPR Direxion High Growth ETF 38.4 40 -8 4.3 -0.8
SYE SPDR MFS Systematic Core Equity ETF 38.4 60 -28 5.5 +0.3
IUSG iShares Core S&P US Growth ETF 38.2 4 28 4.2 -1.0
PRF Invesco FTSE RAFI US 1000 ETF 38.1 39 -7 6.5 +1.3
DGRO iShares Core Dividend Growth ETF 37.5 8 24 6.4 +1.2
SYG SPDR MFS Systematic Growth Equity ETF 37.1 60 -28 4.2 -1.0
IWY iShares Russell Top 200 Growth ETF 37.1 20 12 3.7 -1.5
QUAL iShares MSCI Usa Quality Factor ETF 36.9 15 17 5.2 +0.0
IWF iShares Russell 1000 Growth ETF 36.6 19 13 3.6 -1.6
FDMO Fidelity Momentum Factor ETF 36.5 29 3 3.7 -1.5
VONG Vanguard Russell 1000 Growth Index Fund 36.5 8 24 3.7 -1.5
RAFE PIMCO RAFI ESG U.S. ETF 36.3 29 3 7.4 +2.2
DYNF BlackRock U.S. Equity Factor Rotation ETF 36.2 30 2 6.2 +1.1
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 36.0 12 20 4.6 -0.5
TOK iShares MSCI Kokusai ETF 35.9 25 7 5.3 +0.2
KOKU Xtrackers MSCI Kokusai Equity ETF 35.9 9 23 5.5 +0.3
RWL Invesco S&P 500 Revenue ETF 35.4 39 -7 6.8 +1.7
WOMN Impact Shares YWCA Women's Empowerment ETF 35.2 75 -43 4.2 -1.0
DSTL Distillate US Fundamental Stability & Value ETF 35.2 39 -7 5.8 +0.7
FCPI Fidelity Stocks for Inflation ETF 35.1 29 3 6.6 +1.4
VLU SPDR S&P 1500 Value Tilt ETF 35.1 12 20 7.0 +1.9
FDVV Fidelity Core Dividend ETF 34.9 29 3 6.9 +1.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 34.9 25 7 6.2 +1.0
ACIO Aptus Collared Income Opportunity ETF 34.6 79 -47 4.0 -1.1
SPXT ProShares S&P 500 Ex-Technology ETF 34.3 27 5 5.4 +0.2
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 34.3 75 -43 3.9 -1.2
VEGN US Vegan Climate ETF 34.0 60 -28 5.0 -0.2
NUSI Nationwide Risk-Managed Income ETF 33.8 68 -36 3.3 -1.9
QYLD Global X NASDAQ 100 Covered Call ETF 33.7 60 -28 3.3 -1.8

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 US Quality Large Cap Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.0 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 32 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.52
 
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.