QLVE

FlexShares Emerging Markets Quality Low Volatility Index Fund

The FlexShares Emerging Markets Quality Low Volatility Index ETF tracks a multi-factor selected index of large- and mid-cap equities from emerging markets.


Rules-Based, Semi-Diverse

MANAGEMENT MATRIX

EEMV

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorNorthern Trust
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateJul 15, 2019
Assets (mns)$16
Expense ratio40 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMulti-Factor
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
TAIWAN SEMICONDUCTOR MANUFAC 7.8 %
ALIBABA GROUP HOLDING LTD. SPONSORED ADR 5.0 %
TENCENT HOLDINGS LTD 3.7 %
SAMSUNG ELECTRONICS CO LTD 3.5 %
TATA CONSULTANCY SVS LTD 2.3 %
BANK OF CHINA LTD - H 1.8 %
AL RAJHI BANK 1.6 %
QATAR NATIONAL BANK 1.5 %
NATIONAL BANK OF KUWAIT 1.3 %
SAUDI TELECOM CO. 1.2 %
Constituent Breakdown
Number of holdings152
Herfindahl-Hirschman Index 173
Wgt avg mkt cap (mns)$121,224
Large cap (>$10bn)62.9%
Mid cap ($2-10bn)32.6%
Small cap (<$2bn)1.1%
Developed mkts.4.6%
Emerging mkts.94.0%
Country Exposure
CHINA 23.5 %
TAIWAN 16.5 %
INDIA 10.4 %
SOUTH KOREA 8.6 %
SAUDI ARABIA 6.8 %
MALAYSIA 5.4 %
QATAR 4.6 %
THAILAND 3.6 %
KUWAIT 3.1 %
RUSSIA 2.5 %
Historical Performance


Standardized Annual Returns (as of 09/30/2021)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.1% 10.9% 6.3% -- -- -- 6.7%
Market Correlations
versus...BetaR-squared
S&P 5000.6460%
MSCI EAFE0.6464%
MSCI Emg Mkts0.7094%
Liquidity Measures
Avg. volume (000)1
Turnover0.2%
Avg. Bid/Ask (% of price)0.27%
ADV of underlying (mns)$16,609
Technical Indicators
Recent close$26.59
30d moving avg.$26.64
Annualized volatility15.4%
Relative strength (RSI)41
Short interest (ETF)1.5%
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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Results & Estimates
  2016 2017 2018 2019 2020 2021E 2022E  
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
  2020 2021E Fwd Est 2022E
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 --%
1.6 12.6 1.9 3.9% --
Based on closing prices from 10/14/2021
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
QLVE



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™

QLVE

7.3%

Cat. Avg

7.7%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™7.3%
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 170 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 7.7% and a standard deviation of 4.2%. QLVE's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places QLVE in the 46th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
QLVE
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

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
QLVE 40.0 26.5 66.5
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.