FlexShares US Quality Large Cap Index Fund
ALTAR
Score™
5.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
21.1x P/Sales
ratio
1.9x
P/BV
ratio
2.9x Div.
yield
2.1%


  • 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 24, 2015
Assets (mns) $64
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 138
Wgt avg mkt cap (mns) $304,982
Large cap (>$10bn) 94.4%
Mid cap ($2-10bn) 5.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 6.8 %
MICROSOFT CORP 3.7 %
JOHNSON & JOHNSON 2.9 %
VISA INC-CLASS A SHARES 2.6 %
HOME DEPOT INC 2.4 %
AMAZON.COM INC 2.3 %
CISCO SYSTEMS INC 2.0 %
AMGEN INC 1.9 %
PROCTER & GAMBLE CO/THE 1.8 %
ORACLE CORP 1.7 %
Total 28.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.9 %
IRELAND 2.5 %
BRITAIN 1.2 %
ISRAEL 0.6 %
LUXEMBOURG 0.2 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.1% 9.9% -- -- 8.8%

Market Correlations
versus... Beta R-squared
S&P500 1.02 97%
MSCI EAFE 1.04 86%
MSCI Emg. Mkts. 0.76 69%

Technical Indicators
Recent close $34.39
30d moving avg. $32.28
Annualized volatility 17.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 15
Turnover 0.8%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $116,583

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™: 5.6%


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 48.8 37 -5 6.9 +1.3
RECS Columbia Research Enhanced Core ETF 48.0 15 17 5.7 +0.1
DIVB iShares U.S. Dividend & Buyback ETF 47.3 25 7 6.5 +0.9
AFLG First Trust Active Factor Large Cap ETF 45.7 55 -23 5.6 +0.0
OEF iShares S&P 100 ETF 44.8 20 12 5.0 -0.6
IWL iShares Russell Top 200 ETF 44.6 15 17 5.2 -0.4
PBP Invesco S&P 500 BuyWrite ETF 44.5 49 -17 5.1 -0.5
QDEF FlexShares Quality Dividend Defensive Index Fund 44.4 37 -5 6.3 +0.7
EPS WisdomTree U.S. Earnings 500 Fund 44.2 8 24 6.5 +0.9
MGC Vanguard Mega Cap Index Fund 44.1 7 25 5.3 -0.3
HSPX Global X S&P 500 Covered Call ETF 43.9 65 -33 5.0 -0.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 43.4 19 13 5.7 +0.1
QUS SPDR MSCI USA StrategicFactors ETF 43.2 15 17 5.9 +0.3
QDYN FlexShares Quality Dividend Dynamic Index Fund 42.8 37 -5 6.8 +1.3
FQAL Fidelity Quality Factor ETF 42.8 29 3 5.5 -0.1
SNPE Xtrackers S&P 500 ESG ETF 42.6 11 21 5.2 -0.4
FVAL Fidelity Value Factor ETF 42.4 29 3 8.1 +2.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 42.3 20 12 5.1 -0.5
SPLG SPDR Portfolio Large Cap ETF 42.2 3 29 5.5 -0.1
IVV iShares Core S&P 500 ETF 42.1 4 28 5.5 -0.1
SPY SPDR S&P 500 ETF Trust 42.1 9 23 5.5 -0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 42.1 20 12 5.5 -0.1
VOO VANGUARD S&P 500 ETF 42.0 3 29 5.5 -0.1
JQUA JPMorgan U.S. Quality Factor ETF 41.9 12 20 5.3 -0.3
ESGU iShares MSCI USA ESG Optimized ETF 41.8 15 17 5.2 -0.4
SPXE ProShares S&P 500 Ex-Energy ETF 41.8 27 5 5.4 -0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 41.7 9 23 5.6 +0.0
IQSU IQ Candriam ESG US Equity ETF 41.6 9 23 5.3 -0.3
IUS Invesco Strategic US ETF 41.6 19 13 6.2 +0.6
PBUS Invesco PureBeta MSCI USA ETF 41.6 4 28 5.4 -0.2
VV Vanguard Large-Cap Index Fund 41.4 4 28 5.4 -0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 41.3 15 17 6.4 +0.8
XLG Invesco S&P 500 Top 50 ETF 41.2 20 12 4.7 -0.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 41.0 2 30 5.4 -0.1
FDRR Fidelity Dividend ETF for Rising Rates 40.9 29 3 7.1 +1.5
SPXN ProShares S&P 500 Ex-Financials ETF 40.7 27 5 5.1 -0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 40.5 27 5 5.2 -0.4
SCHX Schwab U.S. Large-Cap ETF 40.3 3 29 5.4 -0.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 40.3 25 7 6.6 +1.0
NACP Impact Shares NAACP Minority Empowerment ETF 40.1 75 -43 4.6 -0.9
SPTM SPDR Portfolio Total Stock Market ETF 40.0 3 29 5.6 +0.0
CATH Global X S&P 500 Catholic Values Custom ETF 39.9 29 3 5.3 -0.2
IWB iShares Russell 1000 ETF 39.7 15 17 5.3 -0.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 39.6 52 -20 6.0 +0.4
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 39.5 29 3 4.3 -1.2
VONE Vanguard Russell 1000 ETF 39.5 8 24 5.4 -0.2
SCHK Schwab 1000 Index ETF 39.5 5 27 5.4 -0.2
DLN WisdomTree U.S. LargeCap Dividend Fund 39.5 28 4 6.4 +0.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 39.3 12 20 5.1 -0.5
RFFC RiverFront Dynamic US Flex-Cap ETF 39.3 52 -20 5.5 -0.1
IYY iShares Dow Jones U.S. ETF 39.2 20 12 5.3 -0.3
SPHQ Invesco S&P 500 Quality ETF 39.1 15 17 5.2 -0.4
XOUT GraniteShares XOUT U.S. Large Cap ETF 39.1 60 -28 4.5 -1.0
EXT WisdomTree U.S. Total Earnings Fund 38.9 28 4 5.8 +0.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 38.2 49 -17 4.2 -1.4
IWV iShares Russell 3000 ETF 38.2 20 12 5.2 -0.4
SCHB Schwab U.S. Broad Market ETF 38.1 3 29 5.4 -0.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 38.1 3 29 5.3 -0.3
DGRO iShares Core Dividend Growth ETF 38.1 8 24 6.5 +1.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 38.0 25 7 6.6 +1.0
VTHR Vanguard Russell 3000 Index Fund 38.0 10 22 5.3 -0.3
ESGV Vanguard ESG U.S. Stock ETF 38.0 12 20 5.3 -0.3
VTI Vanguard Total Stock Market Index Fund 37.9 3 29 5.3 -0.3
VOOG Vanguard S&P 500 Growth ETF 37.5 10 22 4.4 -1.2
JHML John Hancock Multifactor Large Cap ETF 37.4 34 -2 5.6 +0.0
SPYG SPDR Portfolio S&P 500 Growth ETF 37.4 4 28 4.5 -1.1
IVW iShares S&P 500 Growth ETF 37.4 18 14 4.3 -1.2
EQWL Invesco Russell Top 200 Equal Weight ETF 37.1 25 7 6.0 +0.5
DTD WisdomTree U.S.Total Dividend Fund 36.9 28 4 6.6 +1.0
ESG FlexShares STOXX US ESG Impact Index Fund 36.7 32 0 5.2 -0.4
QUAL iShares MSCI Usa Quality Factor ETF 36.6 15 17 5.4 -0.2
KRMA Global X Conscious Companies ETF 36.6 43 -11 5.3 -0.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 36.5 12 20 4.9 -0.7
IUSG iShares Core S&P US Growth ETF 36.4 4 28 4.5 -1.1
SFY SoFi Select 500 ETF 36.3 0 32 5.4 -0.2
IWY iShares Russell Top 200 Growth ETF 36.3 20 12 4.3 -1.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 36.2 30 2 6.8 +1.2
AVUS Avantis U.S. Equity ETF 36.0 15 17 5.8 +0.3
WOMN Impact Shares YWCA Women's Empowerment ETF 35.9 75 -43 4.6 -1.0
FDMO Fidelity Momentum Factor ETF 35.7 29 3 3.9 -1.7
PRF Invesco FTSE RAFI US 1000 ETF 35.6 39 -7 6.8 +1.2
OUSA O'Shares FTSE US Quality Dividend ETF 35.1 48 -16 5.7 +0.1
RWL Invesco S&P 500 Revenue ETF 35.0 39 -7 6.8 +1.2
IWF iShares Russell 1000 Growth ETF 35.0 19 13 4.3 -1.3
VONG Vanguard Russell 1000 Growth Index Fund 35.0 8 24 4.4 -1.2
FCPI Fidelity Stocks for Inflation ETF 34.8 29 3 6.8 +1.2
RAFE PIMCO RAFI ESG U.S. ETF 34.6 29 3 7.7 +2.1
VEGN US Vegan Climate ETF 34.3 60 -28 5.3 -0.3
FDVV Fidelity Core Dividend ETF 33.7 29 3 7.3 +1.8
SYE SPDR MFS Systematic Core Equity ETF 33.6 60 -28 5.9 +0.4
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 33.5 25 7 6.2 +0.6
VLU SPDR S&P 1500 Value Tilt ETF 33.4 12 20 7.4 +1.8
TMFC Motley Fool 100 Index ETF 33.1 50 -18 4.0 -1.6
FDLO Fidelity Low Volatility Factor ETF 32.9 29 3 5.2 -0.4
TOK iShares MSCI Kokusai ETF 32.8 25 7 5.8 +0.2
FLQL Franklin LibertyQ U.S. Equity ETF 32.6 15 17 6.3 +0.7
VTV Vanguard Value Index Fund 32.6 4 28 7.3 +1.7
DSTL Distillate US Fundamental Stability & Value ETF 32.5 39 -7 6.5 +0.9
SUSL iShares ESG MSCI USA Leaders ETF 32.2 10 22 5.4 -0.1
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 32.2 10 22 5.5 -0.1

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 16.3 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 32 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.53
 
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.