QLC
FlexShares US Quality Large Cap Index Fund
The FlexShares US Quality Large Cap Index Fund ETF tracks an index of the highest quality large-caps, as defined by Northern Trust's proprietary scoring model.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
342.5 M
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | Northern Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 23, 2015 |
| Assets (mns) | $343 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 8.1 % |
| NVIDIA CORP | 5.3 % |
| MICROSOFT CORP | 5.1 % |
| ALPHABET INC. CLASS A | 3.0 % |
| ALPHABET INC. CLASS C | 2.9 % |
| BERKSHIRE HATHAWAY INC-CL B | 2.4 % |
| AMAZON.COM INC | 2.3 % |
| META PLATFORMS INC | 2.0 % |
| JPMORGAN CHASE & CO | 2.0 % |
| BROADCOM INC. | 1.9 % |
Constituent Breakdown
| Number of holdings | 169 |
| Herfindahl-Hirschman Index | 203 |
| Wgt avg mkt cap (mns) | $862,702 |
| Large cap (>$10bn) | 99.9% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.6% |
| Emerging mkts. | 0.4% |
Country Exposure
 |
UNITED STATES | 98.2 % |
 |
IRELAND | 1.0 % |
 |
ISRAEL | 0.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 22.6% | 39.9% | 24.0% | 10.2% | 14.8% | -- | 12.8% | Volatility | 12.7% | 12.4% | 14.1% | 17.4% | 21.2% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.98 | 99% |
| MSCI EAFE | 0.84 | 74% |
| MSCI Emg Mkts | 0.64 | 42% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $194,826 |
Technical Indicators
| Recent close | $66.51 |
| 30d moving avg. | $65.23 |
| Annualized volatility | 17.2% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 1.5% |
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. QLC |
Expenses vs. QLC |
ALTAR Score™ vs. QLC |
|---|---|---|---|---|
| GSLC | Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 56.4% | -16 bp | +0.1% |
| OEF | iShares S&P 100 ETF | 54.9% | -5 bp | -0.6% |
| MGC | Vanguard Mega Cap ETF | 54.7% | -18 bp | -0.5% |
| EPS | WisdomTree U.S. LargeCap Fund | 54.5% | -17 bp | +0.5% |
| LRGF | iShares U.S. Equity Factor ETF | 54.5% | -17 bp | +0.3% |
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 54.5% | -18 bp | -0.4% |
| SPXE | ProShares S&P 500 Ex-Energy ETF | 54.4% | -16 bp | -0.5% |
| IWL | iShares Russell Top 200 ETF | 54.4% | -10 bp | -0.6% |
| VOTE | TCW Transform 500 ETF | 54.0% | -20 bp | -0.4% |
| SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 53.8% | -5 bp | -0.5% |
Risk and Returns: QLC 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 11/15/2024
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
QLC
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
QLC
5.4%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. QLC's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places QLC in the 49th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QLCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| QLC (25 bp) Percentile rank | 26 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QLC | 25.0 | 10.3 | 35.3 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .