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.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

GSLC

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorNorthern Trust
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateSep 23, 2015
Assets (mns)$150
Expense ratio25 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-End Investment Company
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
APPLE INC 8.2 %
MICROSOFT CORP 5.0 %
ALPHABET INC. CLASS A 3.2 %
ALPHABET INC. CLASS C 3.0 %
BERKSHIRE HATHAWAY INC-CL B 2.5 %
NVIDIA CORP 2.2 %
JOHNSON & JOHNSON 2.1 %
AMAZON.COM INC 2.0 %
ELI LILLY & CO 1.8 %
JPMORGAN CHASE & CO 1.7 %
Constituent Breakdown
Number of holdings184
Herfindahl-Hirschman Index 184
Wgt avg mkt cap (mns)$713,181
Large cap (>$10bn)98.3%
Mid cap ($2-10bn)0.2%
Small cap (<$2bn)0.1%
Developed mkts.99.7%
Emerging mkts.0.3%
Country Exposure
UNITED STATES 96.8 %
IRELAND 0.9 %
ISRAEL 0.5 %
Historical Performance


Standardized Annual Returns (as of 08/31/2023)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
18.2% 15.9% 1.3% 10.7% 8.6% -- 11.1%
Market Correlations
versus...BetaR-squared
S&P 5000.9999%
MSCI EAFE0.8677%
MSCI Emg Mkts0.6137%
Liquidity Measures
Avg. volume (000)11
Turnover0.4%
Avg. Bid/Ask (% of price)0.10%
ADV of underlying (mns)$109,776
Technical Indicators
Recent close$48.88
30d moving avg.$49.43
Annualized volatility17.9%
Relative strength (RSI)46
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)

Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial

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.

Content on this tab for Individual & Professional subscribers only. Start your FREE trial

Results & Estimates
  2018 2019 2020 2021 2022 2023E 2024E  
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

Content on this tab for Individual & Professional subscribers only. Start your FREE trial

Valuation Metrics
  2022 2023E Fwd Est 2024E
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 --%
2.0 15.9 2.8 1.7% --
Based on closing prices from 9/20/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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.

Some content on this tab for Individual & Professional subscribers only. Start your FREE trial

ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

QLC

6.5%

Cat. Avg

6.3%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.5%
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 899 funds in the US Equities category, with an average ALTAR Score™ of 6.3% and a standard deviation of 3.1%. QLC's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places QLC in the 52nd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
QLC
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
Update
Today's Trading

Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.


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. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.