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
21.6 M
ASSETS UNDER MGMT
47 bp
EXPENSES
Fund Basics
| Fund sponsor | Northern Trust Investments Inc |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 12, 2013 |
| Assets (mns) | $22 |
| Expense ratio | 47 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
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 holdings | 240 |
| 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)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| 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... | Beta | R-squared |
| S&P 500 | 0.76 | 67% |
| MSCI EAFE | 0.89 | 93% |
| MSCI Emg Mkts | 0.80 | 74% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.22% |
| ADV of underlying (mns) | $20,257 |
Technical Indicators
| Recent close | $21.59 |
| 30d moving avg. | $22.83 |
| Annualized volatility | 16.2% |
| 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)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. IQDE |
Expenses vs. IQDE |
ALTAR Score™ vs. IQDE |
|---|---|---|---|---|
| IQDF | FlexShares International Quality Dividend Index Fund | 45.6% | 0 bp | -2.0% |
| IQDY | FlexShares International Quality Dividend Dynamic Index Fund | 35.7% | 0 bp | -5.5% |
| QLVD | FlexShares Developed Markets ex-US Quality Low Volatility In | 32.6% | -15 bp | -8.9% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 26.9% | -38 bp | -6.7% |
| DOL | WisdomTree International LargeCap Dividend Fund | 26.6% | +1 bp | -6.9% |
| QEFA | SPDR MSCI EAFE StrategicFactors ETF | 26.3% | -17 bp | -7.6% |
| JIRE | JPMorgan International Research Enhanced Equity ETF | 25.2% | -23 bp | -7.7% |
| BKIE | BNY Mellon International Equity ETF | 24.7% | -43 bp | -7.7% |
| STXI | Strive International Developed Markets ETF | 24.1% | -18 bp | -8.0% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 24.1% | -27 bp | -7.9% |
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 | --% |
Based on closing prices from 11/13/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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
14.8%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.4% 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
IQDESELL
U/W
HOLD
O/W
BUY
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. | 35.1 | 18.4 | 53.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .