ESGG
FlexShares STOXX Global ESG Select Index Fund
The FlexShares STOXX Global ESG Impact Index Fund follows a principles-based global index composed of companies that exhibit environmental, social, and corporate governance (ESG) characteristics.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
42 bp
EXPENSES
$171.3 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Northern Trust |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 13, 2016 |
| Assets (mns) | $171 |
| Expense ratio | 42 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Principles-based |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 6.1 % |
| MICROSOFT CORP | 5.2 % |
| AMAZON.COM INC | 5.0 % |
| META PLATFORMS INC | 3.8 % |
| JPMORGAN CHASE & CO | 2.4 % |
| EXXON MOBIL CORP | 2.1 % |
| BROADCOM INC. | 2.1 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.8 % |
| CHEVRON CORP | 1.4 % |
| ELI LILLY & CO | 1.3 % |
Constituent Breakdown
| Number of holdings | 805 |
| Herfindahl-Hirschman Index | 149 |
| Wgt avg mkt cap (mns) | $711,804 |
| Large cap (>$10bn) | 95.2% |
| Mid cap ($2-10bn) | 4.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 58.9 % |
 |
JAPAN | 7.4 % |
 |
BRITAIN | 6.7 % |
 |
FRANCE | 4.5 % |
 |
AUSTRALIA | 3.5 % |
 |
GERMANY | 2.7 % |
 |
SWITZERLAND | 2.6 % |
 |
NETHERLANDS | 2.1 % |
 |
IRELAND | 1.7 % |
 |
CANADA | 1.5 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.0% | 19.8% | 20.2% | 7.4% | 12.7% | -- | 12.3% | Volatility | 10.7% | 11.4% | 16.2% | 16.5% | 19.4% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 96% |
| MSCI EAFE | 0.92 | 85% |
| MSCI Emg Mkts | 0.70 | 50% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.25% |
| ADV of underlying (mns) | $282,505 |
Technical Indicators
| Recent close | $163.11 |
| 30d moving avg. | $166.84 |
| Annualized volatility | 17.4% |
| Relative strength (RSI) | 60 |
| 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. ESGG |
Expenses vs. ESGG |
ALTAR Score™ vs. ESGG |
|---|---|---|---|---|
| ESG | FlexShares Trust FlexShares STOXX US ESG Select Index Fund | 61.0% | -10 bp | -0.2% |
| KOKU | Xtrackers MSCI Kokusai Equity ETF | 54.0% | -33 bp | +0.2% |
| URTH | iShares MSCI World ETF | 53.5% | -18 bp | +0.1% |
| TOK | iShares MSCI Kokusai ETF | 53.3% | -16 bp | +0.0% |
| MGC | Vanguard Mega Cap ETF | 48.4% | -35 bp | -0.1% |
| IWL | iShares Russell Top 200 ETF | 48.1% | -27 bp | -0.2% |
| ACWI | iShares MSCI ACWI ETF | 48.1% | -10 bp | +0.2% |
| VOO | Vanguard S&P 500 ETF | 47.6% | -39 bp | +0.1% |
| QVML | Invesco S&P 500 QVM Multi-factor ETF | 47.6% | -31 bp | -0.2% |
| VV | Vanguard Large-Cap ETF | 47.5% | -38 bp | +0.0% |
Risk and Returns: ESGG 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 7/25/2024
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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
ESGG
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
ESGG
5.2%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.2% |
Recommendation
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.
Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. ESGG's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places ESGG in the 60th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
ESGG
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| ESGG (42 bp) Percentile rank | 22 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ESGG | 42.0 | 25.1 | 67.1 |
| Peer Avg. | 51.3 | 36.4 | 87.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .