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Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FlexShares Developed Markets ex-US Quality Low Volatility Index Fund

QLVD | ETF

$27.10

$47.9 M

1.93%

$0.52

0.33%

Vitals

YTD Return

6.8%

1 yr return

11.3%

3 Yr Avg Return

1.7%

5 Yr Avg Return

3.9%

Net Assets

$47.9 M

Holdings in Top 10

22.6%

52 WEEK LOW AND HIGH

$27.0
$25.18
$28.98

Expenses

OPERATING FEES

Expense Ratio 0.33%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 62.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FlexShares Developed Markets ex-US Quality Low Volatility Index Fund

QLVD | ETF

$27.10

$47.9 M

1.93%

$0.52

0.33%

QLVD - Profile

Distributions

  • YTD Total Return 6.8%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    FlexShares Developed Markets ex-US Quality Low Volatility Index Fund
  • Fund Family Name
    Flexshares Trust
  • Inception Date
    Jul 15, 2019
  • Shares Outstanding
    2700001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Anstine

Fund Description

The Underlying Index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative an eligible developed market universe, excluding the U.S. (the “Eligible Universe”). The Eligible Universe is a subset of the Northern Trust Global Index, where eligible securities are limited to those domiciled in non-U.S. developed market countries and designated as large- and mid-capitalization companies by NTI, acting in its capacity as the index provider (the “Index Provider”). The Underlying Index places an emphasis on a company’s income and capital growth, while also reducing overall volatility of returns relative to the Eligible Universe.
To derive the Underlying Index, the Index Provider ranks all constituents of the Eligible Universe using a Northern Trust proprietary quality factor. This factor is a quantitative ranking based on: (a) management efficiency (e.g., corporate finance activities); (b) profitability (e.g., reliability and sustainability of financial performance); and (c) cash flow (e.g., cash flow generation). The Index Provider then excludes the lowest quintile of constituents ranked according to the quality factor and uses an optimization process to select and weight eligible securities in order to (a) seek
to reduce overall portfolio volatility and (b) maximize the overall quality factor relative to the Eligible Universe. The optimization also includes sector, industry, country, region, region sector, style factor, single-security weight, historical beta (i.e., market sensitivity, relative to the Eligible Universe), liquidity and turnover constraints so that these characteristics of the Underlying Index vary within acceptable bands relative to the Eligible Universe.
As of December 31, 2023, the Underlying Index was comprised of 167 constituent securities with market capitalizations ranging from $4.9 billion to $439 billion. The Underlying Index is reconstituted quarterly. The Fund generally reconstitutes its portfolio in accordance with the Underlying Index.
NTI uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
NTI uses a representative sampling strategy to manage the Fund. “Representative sampling” is investing in a representative sample of securities that collectively has an investment profile similar to the Underlying Index. The Fund may or may not hold all of the securities that are included in the Underlying Index. The Fund reserves the right to invest in substantially all of the securities in its Underlying Index in approximately the same proportions (i.e., replication) if NTI determines that it is in the best interest of the Fund.
Under normal circumstances, the Fund will invest at least 80% of its total assets (exclusive of collateral held from securities lending) in the securities of the Underlying Index and in American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) (collectively “Depositary Receipts”) based on the securities in the Underlying Index. The Fund may also invest up to 20% of its assets in cash and cash equivalents, including shares of money market funds advised by NTI or its affiliates, futures contracts, options on futures contracts and forward currency contracts, as well as securities not included in the Underlying Index, but which NTI believes will help the Fund track its Underlying Index.
The Underlying Index is created and sponsored by NTI, as the Index Provider. NTI also serves as the investment adviser to the Fund. The Index Provider determines the
composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
The Fund may lend securities representing up to one-third of the value of the Fund’s total assets (including the value of the collateral received).
From time to time the Fund may focus its investments (i.e.,invest more than 15% of its total assets) in one or more particular countries or geographic regions. As of December 31, 2023, the Fund focused its investments in Japan, Switzerland, Canada, the United Kingdom and France.
Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated.
Read More

QLVD - Performance

Return Ranking - Trailing

Period QLVD Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -6.2% 27.1% 32.14%
1 Yr 11.3% -1.8% 29.8% 53.35%
3 Yr 1.7%* -17.2% 45.0% 35.43%
5 Yr 3.9%* -34.2% 74.2% 90.05%
10 Yr N/A* 0.5% 31.5% 85.49%

* Annualized

Return Ranking - Calendar

Period QLVD Return Category Return Low Category Return High Rank in Category (%)
2023 7.9% -1.4% 22.0% 94.88%
2022 -14.3% -43.6% 71.3% 11.22%
2021 5.8% -28.5% 18.9% 39.87%
2020 1.0% -90.1% 992.1% 94.05%
2019 N/A -1.9% 38.8% N/A

Total Return Ranking - Trailing

Period QLVD Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -6.2% 27.1% 32.14%
1 Yr 11.3% -1.8% 29.8% 53.35%
3 Yr 1.7%* -17.2% 45.0% 35.43%
5 Yr 3.9%* -34.2% 74.2% 90.05%
10 Yr N/A* 0.5% 31.5% N/A

* Annualized

Total Return Ranking - Calendar

Period QLVD Return Category Return Low Category Return High Rank in Category (%)
2023 11.6% 3.2% 23.8% 91.47%
2022 -12.1% -43.6% 144.8% 14.22%
2021 9.1% -22.6% 56.0% 64.47%
2020 3.0% -89.7% 1010.8% 95.37%
2019 N/A 4.3% 38.8% N/A

QLVD - Holdings

Concentration Analysis

QLVD Category Low Category High QLVD % Rank
Net Assets 47.9 M 3.3 M 425 B 91.53%
Number of Holdings 181 1 10481 44.07%
Net Assets in Top 10 10.6 M 1.01 M 47.5 B 92.91%
Weighting of Top 10 22.59% 4.6% 147.7% 56.43%

Top 10 Holdings

  1. Roche Holding AG 3.70%
  2. Nestle SA (Registered) 3.17%
  3. Unilever plc 2.85%
  4. Novartis AG (Registered) 2.55%
  5. Sanofi SA 2.43%
  6. Air Liquide SA 1.74%
  7. Novo Nordisk A/S, Class B 1.60%
  8. TotalEnergies SE 1.57%
  9. Treasury Repurchase Agreement 1.56%
  10. Shell plc 1.42%

Asset Allocation

Weighting Return Low Return High QLVD % Rank
Stocks 		98.92% 0.00% 102.63% 19.11%
Other 		1.60% -2.12% 69.93% 11.56%
Preferred Stocks 		0.00% -0.05% 6.57% 66.41%
Convertible Bonds 		0.00% 0.00% 4.18% 31.84%
Cash 		0.00% 0.00% 44.84% 98.31%
Bonds 		0.00% 0.00% 79.43% 36.36%

Stock Sector Breakdown

Weighting Return Low Return High QLVD % Rank
Financial Services 		17.85% 0.00% 47.75% 50.24%
Healthcare 		16.01% 0.00% 20.35% 8.37%
Consumer Defense 		13.05% 0.00% 32.29% 11.22%
Industrials 		11.19% 5.17% 99.49% 87.68%
Communication Services 		9.40% 0.00% 21.69% 10.90%
Utilities 		7.87% 0.00% 13.68% 3.16%
Consumer Cyclical 		6.65% 0.00% 36.36% 90.05%
Basic Materials 		6.32% 0.00% 23.86% 80.25%
Technology 		6.27% 0.00% 36.32% 91.31%
Real Estate 		3.90% 0.00% 14.59% 9.79%
Energy 		1.48% 0.00% 16.89% 88.94%

Stock Geographic Breakdown

Weighting Return Low Return High QLVD % Rank
Non US 		97.55% 0.00% 99.44% 12.02%
US 		1.37% 0.00% 102.01% 76.73%

QLVD - Expenses

Operational Fees

QLVD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.33% 0.01% 19.62% 87.19%
Management Fee 0.32% 0.00% 1.65% 18.76%
12b-1 Fee 0.00% 0.00% 1.00% 6.16%
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

QLVD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

QLVD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

QLVD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 62.00% 2.00% 247.00% 76.56%

QLVD - Distributions

Dividend Yield Analysis

QLVD Category Low Category High QLVD % Rank
Dividend Yield 1.93% 0.00% 17.49% 18.49%

Dividend Distribution Analysis

QLVD Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

QLVD Category Low Category High QLVD % Rank
Net Income Ratio N/A -0.93% 6.38% 7.86%

Capital Gain Distribution Analysis

QLVD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

QLVD - Fund Manager Analysis

Managers

Robert Anstine

Start Date

Tenure

Tenure Rank

Jul 15, 2019

2.88

2.9%

Robert Anstine is Vice President of NTI. Mr. Anstine joined NTI in 2011 and is responsible for managing various global index equity portfolios. In addition, he has been involved with the investment management of the FlexShares equity index funds since their inception. Prior to joining NTI and since 2007, Mr. Anstine worked at Northern Trust as an operations manager.

Brendan Sullivan

Start Date

Tenure

Tenure Rank

Jul 15, 2019

2.88

2.9%

Brendan Sullivan is a Vice President of Northern Trust Investments Inc. Mr. Sullivan joined NTI in 2012 and is a Senior Portfolio Manager responsible for the management of international equity index portfolios, overlay mandates and equity exchange-traded funds. Prior to joining NTI in May 2012, Mr. Sullivan was an Index Strategist at RBC Capital Markets, where he produced research and advised clients on implementing strategies around index events.

Volter Bagriy

Start Date

Tenure

Tenure Rank

Mar 25, 2021

1.18

1.2%

Mr. Bagriy joined Northern Trust Investments, Inc. in 2014 and serves as a portfolio manager on the Global Index team.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.34 3.25

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