FlexShares US Quality Large Cap Index Fund
ALTAR
Score™
5.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.2x P/Sales
ratio
2.1x
P/BV
ratio
3.1x Div.
yield
1.7%


  • 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) $75
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 146
Wgt avg mkt cap (mns) $435,290
Large cap (>$10bn) 97.4%
Mid cap ($2-10bn) 2.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 7.8 %
MICROSOFT CORP 4.1 %
AMAZON.COM INC 3.3 %
FACEBOOK 2.4 %
JOHNSON & JOHNSON 2.4 %
VISA INC-CLASS A SHARES 2.3 %
PROCTER & GAMBLE CO/THE 2.0 %
TEXAS INSTRUMENTS INC 1.8 %
ORACLE CORP 1.7 %
BERKSHIRE HATHAWAY INC-CL B 1.7 %
Total 29.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.0 %
IRELAND 1.2 %
BRITAIN 0.8 %
ISRAEL 0.5 %
LUXEMBOURG 0.4 %






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.
1.2% 9.9% -- -- 10.0%

Market Correlations
versus... Beta R-squared
S&P500 1.01 97%
MSCI EAFE 1.05 86%
MSCI Emg. Mkts. 0.75 68%

Technical Indicators
Recent close $37.32
30d moving avg. $36.93
Annualized volatility 18.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.3%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $148,289

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™: 5.0%


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 51.3 37 -5 5.8 +0.8
BKLC BNY Mellon US Large Cap Core Equity ETF 49.6 0 32 4.9 -0.1
IWL iShares Russell Top 200 ETF 49.4 15 17 4.8 -0.3
HSPX Global X S&P 500 Covered Call ETF 49.2 60 -28 4.8 -0.3
PBP Invesco S&P 500 BuyWrite ETF 49.1 49 -17 4.8 -0.2
RECS Columbia Research Enhanced Core ETF 48.8 15 17 5.5 +0.4
MGC Vanguard Mega Cap Index Fund 48.7 7 25 5.0 -0.1
OEF iShares S&P 100 ETF 48.2 20 12 4.6 -0.4
XYLG Global X S&P 500 Covered Call & Growth ETF 48.2 60 -28 4.8 -0.2
AFLG First Trust Active Factor Large Cap ETF 48.0 55 -23 5.2 +0.2
SPY SPDR S&P 500 ETF Trust 47.8 9 23 5.1 +0.1
IVV iShares Core S&P 500 ETF 47.8 3 29 5.2 +0.2
SPLG SPDR Portfolio Large Cap ETF 47.8 3 29 5.2 +0.2
EPS WisdomTree U.S. Earnings 500 Fund 47.5 8 24 6.3 +1.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 47.5 20 12 5.1 +0.1
VOO VANGUARD S&P 500 ETF 47.2 3 29 5.2 +0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 47.2 7 25 5.0 -0.0
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 47.1 9 23 5.4 +0.3
SPXE ProShares S&P 500 Ex-Energy ETF 47.1 27 5 5.1 +0.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 46.4 2 30 5.0 +0.0
PBUS Invesco PureBeta MSCI USA ETF 46.2 4 28 5.0 -0.0
DIVB iShares U.S. Dividend & Buyback ETF 46.2 25 7 6.7 +1.7
EFIV SPDR S&P 500 ESG ETF 46.1 10 22 4.9 -0.1
ESGU iShares MSCI USA ESG Optimized ETF 46.0 15 17 4.9 -0.2
SNPE Xtrackers S&P 500 ESG ETF 46.0 10 22 4.9 -0.1
SPXN ProShares S&P 500 Ex-Financials ETF 45.8 27 5 4.8 -0.3
VV Vanguard Large-Cap Index Fund 45.8 4 28 5.0 -0.0
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 45.7 15 17 6.1 +1.1
SPTM SPDR Portfolio Total Stock Market ETF 45.5 3 29 5.3 +0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 45.4 20 12 4.7 -0.3
SCHX Schwab U.S. Large-Cap ETF 45.4 3 29 5.0 -0.1
FQAL Fidelity Quality Factor ETF 45.2 29 3 5.3 +0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 45.0 27 5 4.8 -0.2
ESGV Vanguard ESG U.S. Stock ETF 44.9 12 20 4.9 -0.1
IWB iShares Russell 1000 ETF 44.9 15 17 4.9 -0.1
SCHK Schwab 1000 Index ETF 44.7 5 27 5.0 -0.0
QDEF FlexShares Quality Dividend Defensive Index Fund 44.6 37 -5 5.9 +0.9
IYY iShares Dow Jones U.S. ETF 44.4 20 12 4.9 -0.2
QDYN FlexShares Quality Dividend Dynamic Index Fund 44.2 37 -5 5.9 +0.9
VONE Vanguard Russell 1000 ETF 44.2 8 24 5.0 -0.1
FVAL Fidelity Value Factor ETF 44.2 29 3 7.5 +2.5
IQSU IQ Candriam ESG US Equity ETF 44.1 9 23 4.9 -0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 44.1 12 20 4.5 -0.5
CATH Global X S&P 500 Catholic Values Custom ETF 44.0 29 3 4.9 -0.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 43.9 19 13 5.9 +0.8
VTHR Vanguard Russell 3000 Index Fund 43.4 10 22 4.8 -0.2
IWV iShares Russell 3000 ETF 43.1 20 12 4.8 -0.3
SCHB Schwab U.S. Broad Market ETF 42.9 3 29 4.9 -0.1
XLG Invesco S&P 500 Top 50 ETF 42.9 20 12 4.3 -0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 42.8 3 29 4.9 -0.2
HIPR Direxion High Growth ETF 42.7 40 -8 4.4 -0.6
QUS SPDR MSCI USA StrategicFactors ETF 42.6 15 17 5.7 +0.7
EXT WisdomTree U.S. Total Earnings Fund 42.3 28 4 5.3 +0.3
SFY SoFi Select 500 ETF 41.9 0 32 5.0 -0.1
VOOG Vanguard S&P 500 Growth ETF 41.9 10 22 4.1 -0.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 41.8 60 -28 4.0 -1.1
VTI Vanguard Total Stock Market Index Fund 41.5 3 29 4.9 -0.1
IVW iShares S&P 500 Growth ETF 41.5 18 14 16.7 +11.7
SPYG SPDR Portfolio S&P 500 Growth ETF 41.5 4 28 4.2 -0.8
ESG FlexShares STOXX US ESG Impact Index Fund 41.3 32 0 4.9 -0.1
JQUA JPMorgan U.S. Quality Factor ETF 40.9 12 20 5.2 +0.2
IUSG iShares Core S&P US Growth ETF 40.8 4 28 4.2 -0.8
SPHQ Invesco S&P 500 Quality ETF 40.5 15 17 4.5 -0.6
SPQQ Siren Large Cap Blend Index ETF 40.3 20 12 4.7 -0.3
JHML John Hancock Multifactor Large Cap ETF 40.3 29 3 5.3 +0.3
DLN WisdomTree U.S. LargeCap Dividend Fund 40.2 28 4 6.3 +1.3
IWF iShares Russell 1000 Growth ETF 40.0 19 13 3.6 -1.4
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 39.9 49 -17 3.9 -1.1
KRMA Global X Conscious Companies ETF 39.8 43 -11 5.0 -0.0
NACP Impact Shares NAACP Minority Empowerment ETF 39.8 75 -43 4.7 -0.4
VONG Vanguard Russell 1000 Growth Index Fund 39.7 8 24 3.7 -1.3
IWY iShares Russell Top 200 Growth ETF 39.6 20 12 3.7 -1.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 39.3 25 7 6.6 +1.5
IUS Invesco Strategic US ETF 39.1 19 13 6.3 +1.3
SYE SPDR MFS Systematic Core Equity ETF 39.1 60 -28 5.5 +0.5
WOMN Impact Shares YWCA Women's Empowerment ETF 38.8 75 -43 4.2 -0.8
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 38.7 12 20 4.7 -0.4
FDRR Fidelity Dividend ETF for Rising Rates 38.7 29 3 6.7 +1.6
SYG SPDR MFS Systematic Growth Equity ETF 38.6 60 -28 3.9 -1.1
EQWL Invesco Russell Top 200 Equal Weight ETF 38.4 25 7 6.1 +1.1
AVUS Avantis U.S. Equity ETF 38.1 15 17 5.4 +0.4
FDMO Fidelity Momentum Factor ETF 37.9 29 3 3.2 -1.8
QUAL iShares MSCI Usa Quality Factor ETF 37.9 15 17 5.2 +0.2
DTD WisdomTree U.S.Total Dividend Fund 37.7 28 4 6.6 +1.6
PRF Invesco FTSE RAFI US 1000 ETF 37.7 39 -7 6.7 +1.6
VEGN US Vegan Climate ETF 37.3 60 -28 4.9 -0.1
STLC iShares Factors US Blend Style ETF 37.2 25 7 5.1 +0.1
QYLD Global X NASDAQ 100 Covered Call ETF 37.0 60 -28 3.4 -1.6
FNDB Schwab Fundamental U.S. Broad Market Index ETF 36.8 25 7 6.6 +1.6
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 36.6 75 -43 3.7 -1.3
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 36.6 60 -28 3.4 -1.6
KOKU Xtrackers MSCI Kokusai Equity ETF 36.4 9 23 5.5 +0.5
FLRG Fidelity U.S. Multifactor ETF 36.4 29 3 6.2 +1.2
TOK iShares MSCI Kokusai ETF 36.3 25 7 5.4 +0.4
QQQ Invesco QQQ Trust 36.2 20 12 3.7 -1.3
QQQM Invesco NASDAQ 100 ETF 36.2 15 17 3.8 -1.2
NUSI Nationwide Risk-Managed Income ETF 36.0 68 -36 3.2 -1.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 35.7 30 2 6.4 +1.4
SPXT ProShares S&P 500 Ex-Technology ETF 35.6 27 5 5.4 +0.4
VLU SPDR S&P 1500 Value Tilt ETF 35.6 12 20 7.2 +2.2

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 15.2 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 32 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.51
 
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.