IQDY
FlexShares International Quality Dividend Dynamic Index Fund
FlexShares International Quality Dividend Dynamic 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 Dynamic Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
66.3 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) | $66 |
| 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
| BHP BILLITON LTD | 2.4 % |
| ASML HOLDING NV | 2.1 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 2.0 % |
| L'OREAL | 1.9 % |
| HITACHI LTD | 1.8 % |
| TOKYO ELECTRON LTD | 1.7 % |
| ROYAL BANK OF CANADA | 1.6 % |
| CIE FINANCIERE RICHEMON-BR A | 1.5 % |
| RECRUIT HOLDINGS CO LTD | 1.5 % |
| CANADIAN NATURAL RESOURCES | 1.4 % |
Constituent Breakdown
| Number of holdings | 202 |
| Herfindahl-Hirschman Index | 91 |
| Wgt avg mkt cap (mns) | $77,992 |
| Large cap (>$10bn) | 77.8% |
| Mid cap ($2-10bn) | 19.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 70.9% |
| Emerging mkts. | 29.1% |
Country Exposure
 |
JAPAN | 12.5 % |
 |
SWITZERLAND | 9.0 % |
 |
BRITAIN | 8.3 % |
 |
CHINA | 6.9 % |
 |
TAIWAN | 6.1 % |
 |
AUSTRALIA | 5.9 % |
 |
CANADA | 5.5 % |
 |
NETHERLANDS | 5.0 % |
 |
FRANCE | 4.3 % |
 |
ITALY | 3.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.2% | 24.6% | 23.6% | 4.1% | 8.1% | 5.5% | 5.7% | Volatility | 14.9% | 15.1% | 16.0% | 18.5% | 21.1% | 18.9% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 69% |
| MSCI EAFE | 1.16 | 91% |
| MSCI Emg Mkts | 1.07 | 76% |
Liquidity Measures
| Avg. volume (000) | 11 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.16% |
| ADV of underlying (mns) | $21,117 |
Technical Indicators
| Recent close | $28.81 |
| 30d moving avg. | $30.52 |
| Annualized volatility | 21.4% |
| 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. IQDY |
Expenses vs. IQDY |
ALTAR Score™ vs. IQDY |
|---|---|---|---|---|
| IQDF | FlexShares International Quality Dividend Index Fund | 63.5% | 0 bp | +3.5% |
| IQDE | FlexShares International Quality Dividend Defensive Index ET | 35.7% | 0 bp | +5.4% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 23.0% | -38 bp | -1.3% |
| IQLT | iShares MSCI Intl Quality Factor ETF | 22.4% | -17 bp | -3.2% |
| QINT | American Century Quality Diversified International ETF | 20.8% | -8 bp | -1.7% |
| RFDI | First Trust Riverfront Dynamic Developed International ETF | 20.5% | +36 bp | +0.6% |
| IDHQ | Invesco S&P International Developed High Quality ETF | 20.4% | -18 bp | -2.9% |
| STXI | Strive International Developed Markets ETF | 20.0% | -18 bp | -2.5% |
| GSIE | Goldman Sachs ActiveBeta International Equity ETF | 19.5% | -22 bp | -2.2% |
| DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 19.5% | -6 bp | -2.0% |
Risk and Returns: IQDY 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 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
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
IQDY
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
IQDY
9.4%
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%. IQDY's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places IQDY in the 79th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IQDYSELL
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 |
| IQDY (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) |
|
|---|---|---|---|
| IQDY | 47.0 | 16.4 | 63.4 |
| Peer Avg. | 35.0 | 18.4 | 53.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .