IQDE

FlexShares International Quality Dividend Defensive Index ETF

FlexShares International Quality Dividend Defensive 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 Defensive Index.


International

EQUITY

Rules-Based

MANAGEMENT STYLE

21.7 M

ASSETS UNDER MGMT

47 bp

EXPENSES
Fund Basics
Fund sponsorNorthern Trust Investments Inc
CategoryInternational
Asset classEquity
Websitelink...
Inception dateApr 12, 2013
Assets (mns)$22
Expense ratio47 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingMulti-Factor
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
ROCHE HOLDING AG-BR 3.8 %
MOSCOW EXCHANGE MICEX-RTS PJSC 2.9 %
NESTLE SA-REG 2.7 %
BHP BILLITON LTD 2.6 %
TENCENT HOLDINGS LTD 2.4 %
TAIWAN SEMICONDUCTOR MANUFAC 2.1 %
ROYAL BANK OF CANADA 1.9 %
ASML HOLDING NV 1.7 %
L'OREAL 1.5 %
COMMONWEALTH BANK OF AUSTRAL 1.4 %
Constituent Breakdown
Number of holdings240
Herfindahl-Hirschman Index 107
Wgt avg mkt cap (mns)$90,781
Large cap (>$10bn)68.5%
Mid cap ($2-10bn)27.2%
Small cap (<$2bn)0.0%
Developed mkts.67.6%
Emerging mkts.32.4%
Country Exposure
JAPAN 13.8 %
SWITZERLAND 9.4 %
BRITAIN 8.0 %
AUSTRALIA 6.3 %
INDIA 5.8 %
CANADA 5.3 %
CHINA 5.3 %
FRANCE 4.7 %
TAIWAN 4.3 %
RUSSIA 3.8 %
Historical Performance


Standardized Performance (as of 10/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 5.6% 18.8% 16.8% 2.0% 4.6% 2.8% 2.9%
Volatility 11.9% 12.0% 12.8% 14.8% 18.1% 16.0% --
Market Correlations
versus...BetaR-squared
S&P 5000.7667%
MSCI EAFE0.8993%
MSCI Emg Mkts0.8074%
Liquidity Measures
Avg. volume (000)2
Turnover0.2%
Avg. Bid/Ask (% of price)0.22%
ADV of underlying (mns)$20,257
Technical Indicators
Recent close$21.72
30d moving avg.$22.83
Annualized volatility16.2%
Relative strength (RSI)44
Short interest (ETF)0.0%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: IQDE vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.3 11.4 1.7 4.5% --
Based on closing prices from 11/22/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
IQDE



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

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™

IQDE

14.7%

Cat. Avg

7.3%


ALTAR Score™ Calculation

Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™ of 7.3% and a standard deviation of 2.6%. IQDE's ALTAR Score™ is approximately 2.9 standard deviations above the category average. This places IQDE in the 99th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

IQDE
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
International Equity ETFs
# of ETFs 152
Avg. Expense Ratio 42.9 bp
Std. Deviation 24.3 bp
IQDE (47 bp) Percentile rank 57
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
IQDE 47.0 21.8 68.8
Peer Avg. 35.0 18.4 53.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .