IQDF
FlexShares International Quality Dividend Index Fund
FlexShares International Quality Dividend 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 Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
582.9 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) | $583 |
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 | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
NOVO NORDISK A/S-B | 2.9 % |
ROYAL BANK OF CANADA | 2.8 % |
BHP BILLITON LTD | 2.5 % |
TAIWAN SEMICONDUCTOR MANUFAC | 2.2 % |
ROCHE HOLDING AG-BR | 2.1 % |
NOVARTIS AG | 2.0 % |
L'OREAL | 1.9 % |
NESTLE SA-REG | 1.5 % |
BRITISH AMERICAN TOBACCO PLC | 1.5 % |
CHINA CONSTRUCTION BANK-H | 1.3 % |
Constituent Breakdown
Number of holdings | 244 |
Herfindahl-Hirschman Index | 95 |
Wgt avg mkt cap (mns) | $93,904 |
Large cap (>$10bn) | 74.8% |
Mid cap ($2-10bn) | 22.8% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 67.5% |
Emerging mkts. | 32.5% |
Country Exposure
JAPAN | 12.6 % | |
BRITAIN | 8.9 % | |
SWITZERLAND | 8.1 % | |
CHINA | 7.1 % | |
TAIWAN | 6.5 % | |
AUSTRALIA | 6.0 % | |
CANADA | 5.3 % | |
FRANCE | 4.5 % | |
INDIA | 3.3 % | |
NETHERLANDS | 3.2 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 8.4% | 24.5% | 22.3% | 4.1% | 6.5% | 4.0% | 4.2% | Volatility | 12.9% | 12.9% | 13.6% | 15.7% | 19.0% | 16.8% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.81 | 65% |
MSCI EAFE | 0.95 | 92% |
MSCI Emg Mkts | 0.88 | 77% |
Liquidity Measures
Avg. volume (000) | 29 |
Turnover | 0.1% |
Avg. Bid/Ask (% of price) | 0.12% |
ADV of underlying (mns) | $23,745 |
Technical Indicators
Recent close | $24.49 |
30d moving avg. | $25.85 |
Annualized volatility | 17.5% |
Relative strength (RSI) | 46 |
Short interest (ETF) | 0.1% |
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. IQDF |
Expenses vs. IQDF |
ALTAR Score™ vs. IQDF |
---|---|---|---|---|
IQDY | FlexShares International Quality Dividend Dynamic Index Fund | 63.5% | 0 bp | -3.5% |
IQDE | FlexShares International Quality Dividend Defensive Index ET | 45.6% | 0 bp | +2.0% |
DIVI | Franklin International Core Dividend Tilt Index ETF | 28.4% | -38 bp | -4.7% |
QINT | American Century Quality Diversified International ETF | 25.3% | -8 bp | -5.2% |
DOL | WisdomTree International LargeCap Dividend Fund | 24.9% | +1 bp | -4.9% |
JIRE | JPMorgan International Research Enhanced Equity ETF | 24.0% | -23 bp | -5.8% |
BKIE | BNY Mellon International Equity ETF | 23.7% | -43 bp | -5.8% |
DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 23.6% | -11 bp | -6.2% |
GSID | Goldman Sachs MarketBeta International Equity ETF | 23.6% | -27 bp | -5.9% |
IQLT | iShares MSCI Intl Quality Factor ETF | 23.3% | -17 bp | -6.7% |
Risk and Returns: IQDF 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
IQDF
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™
IQDF
12.8%
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%. IQDF's ALTAR Score™ is approximately
2.1 standard deviations
above
the category average. This places IQDF in the 98th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IQDFSELL
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 |
IQDF (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) |
|
---|---|---|---|
IQDF | 47.0 | 11.8 | 58.8 |
Peer Avg. | 35.1 | 18.4 | 53.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .