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
565.8 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) | $566 |
| 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) | $90,290 |
| Large cap (>$10bn) | 74.0% |
| Mid cap ($2-10bn) | 23.7% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 67.7% |
| Emerging mkts. | 32.4% |
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 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.6% | 13.1% | 13.3% | 5.0% | 5.9% | 3.9% | 4.0% | Volatility | 12.9% | 12.9% | 13.6% | 15.7% | 19.0% | 16.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.77 | 61% |
| MSCI EAFE | 0.95 | 91% |
| MSCI Emg Mkts | 0.88 | 77% |
Liquidity Measures
| Avg. volume (000) | 66 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $17,026 |
Technical Indicators
| Recent close | $23.29 |
| 30d moving avg. | $24.72 |
| Annualized volatility | 17.3% |
| 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 | -3.7% |
| IQDE | FlexShares International Quality Dividend Defensive Index ET | 45.6% | 0 bp | +2.3% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 28.4% | -38 bp | -5.2% |
| QINT | American Century Quality Diversified International ETF | 25.3% | -8 bp | -5.6% |
| DOL | WisdomTree International LargeCap Dividend Fund | 24.9% | +1 bp | -5.5% |
| JIRE | JPMorgan International Research Enhanced Equity ETF | 24.0% | -23 bp | -6.1% |
| BKIE | BNY Mellon International Equity ETF | 23.7% | -43 bp | -6.3% |
| IQLT | iShares MSCI Intl Quality Factor ETF | 23.7% | -17 bp | -7.1% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 23.6% | -11 bp | -6.8% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 23.6% | -27 bp | -6.4% |
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 12/24/2024
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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
13.4%
Cat. Avg
7.5%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.5% and a standard deviation of
2.7%. IQDF's ALTAR Score™ is approximately
2.2 standard deviations
above
the category average. This places IQDF in the 99th 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. | 35.6 | 19.0 | 54.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .