IQDE
FlexShares International Quality Dividend Defensive Index ETF
FlexShares International Quality Dividend Defensive 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 Defensive Index.
Fund Basics
Fund sponsor | Northern Trust Investments Inc |
Category | International Equities |
Asset class | Equity |
Website | link... |
Inception date | Apr 12, 2013 |
Assets (mns) | $23 |
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
NESTLE SA-REG | 2.8 % |
BHP BILLITON LTD | 2.8 % |
ROCHE HOLDING LTD | 2.8 % |
ASML HOLDING NV | 1.9 % |
L'OREAL | 1.7 % |
ROYAL BANK OF CANADA | 1.7 % |
GLAXOSMITHKLINE PLC | 1.6 % |
TAIWAN SEMICONDUCTOR MANUFAC | 1.5 % |
RIO TINTO PLC | 1.4 % |
SUMITOMO MITSUI FINANCIAL GR | 1.3 % |
Constituent Breakdown
Number of holdings | 232 |
Herfindahl-Hirschman Index | 89 |
Wgt avg mkt cap (mns) | $83,864 |
Large cap (>$10bn) | 77.4% |
Mid cap ($2-10bn) | 21.5% |
Small cap (<$2bn) | 1.1% |
Developed mkts. | 68.6% |
Emerging mkts. | 31.4% |
Country Exposure
JAPAN | 12.2 % | |
BRITAIN | 9.4 % | |
TAIWAN | 8.1 % | |
SWITZERLAND | 8.0 % | |
AUSTRALIA | 6.4 % | |
FRANCE | 5.5 % | |
INDIA | 5.4 % | |
CANADA | 5.0 % | |
CHINA | 4.4 % | |
NETHERLANDS | 2.7 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
0.8% | 12.8% | 2.7% | 1.4% | 4.1% | 2.2% | 2.7% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.73 | 67% |
MSCI EAFE | 0.89 | 93% |
MSCI Emg Mkts | 0.78 | 77% |
Liquidity Measures
Avg. volume (000) | 2 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.22% |
ADV of underlying (mns) | $17,664 |
Technical Indicators
Recent close | $20.83 |
30d moving avg. | $20.10 |
Annualized volatility | 15.8% |
Relative strength (RSI) | 63 |
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. IQDE |
Expenses vs. IQDE |
ALTAR Score™ vs. IQDE |
---|---|---|---|---|
IQDF | FlexShares International Quality Dividend Index Fund | 47.5% | 0 bp | 0.0% |
IQDY | FlexShares International Quality Dividend Dynamic Index Fund | 36.6% | 0 bp | -0.5% |
QLVD | FlexShares Developed Markets ex-US Quality Low Volatility In | 30.0% | -15 bp | -4.0% |
DIVI | Franklin International Core Dividend Tilt Index ETF | 25.6% | -38 bp | -2.7% |
DOL | WisdomTree International LargeCap Dividend Fund | 25.5% | +1 bp | -3.0% |
QEFA | SPDR MSCI EAFE StrategicFactors ETF | 25.4% | -17 bp | -3.9% |
JIRE | JPMorgan International Research Enhanced Equity ETF | 24.2% | -23 bp | -4.1% |
IQLT | iShares MSCI Intl Quality Factor ETF | 24.0% | -17 bp | -5.1% |
GSIE | Goldman Sachs ActiveBeta International Equity ETF | 23.4% | -22 bp | -3.3% |
BKIE | BNY Mellon International Equity ETF | 23.2% | -43 bp | -3.9% |
Risk and Returns: IQDE 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 4/17/2024
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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
IQDE
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™
IQDE
10.9%
Cat. Avg
7.3%
Fund Category: International Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 10.9% |
Recommendation
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.
Category Overview
There are 257 funds in the International Equities category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. IQDE's ALTAR Score™ is approximately
1.4 standard deviations
above
the category average. This places IQDE in the 92nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IQDE
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
IQDE | 47.0 | 21.8 | 68.8 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .