FlexShares International Quality Dividend Defensive Index Fund
IQDE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 50 South LaSalle Street Chicago IL United States of America 60603
- IPO Date
- Apr 16, 2013
- CIK
- 0001491978
- Similar Companies
- Business
- FlexShares International Quality Dividend Defensive Index Fund (IQDE) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield performance, before fees and expenses, of the Northern Trust International Quality Dividend Defensive Index. The fund employs a passive, representative sampling strategy to track the underlying index, which focuses on high-quality, dividend-paying international equities from developed and emerging markets outside the United States, emphasizing sustainable yields, strong fundamentals via a multi-faceted Dividend Quality Score, long-term capital growth, and a targeted beta between 0.5 and 1.0 times that of the Northern Trust International Large Cap Index; it invests at least 80% of its total assets in securities of the index or ADRs and GDRs based thereon, with approximately 246 holdings across sectors including financials (25.13%), industrials (12.88%), and information technology (10.76%), and countries such as Japan (12.13%), Australia (8.18%), and Switzerland (7.59%). Launched on April 12, 2013, and listed on NYSE Arca with CUSIP 33939L811, the fund is managed by Northern Trust Investments, Inc. as part of the FlexShares ETF suite offered through FlexShares Trust, headquartered in Chicago, Illinois. In a significant recent development announced on January 3, 2025, FlexShares disclosed the liquidation of IQDE, with proceeds expected to be distributed to remaining shareholders on or about January 28, 2025, marking a major operational change amid ongoing portfolio management adjustments. As of December 31, 2024, the fund reported net assets of $18.5 million, shares outstanding of 900,001, a net expense ratio of 0.47% (following reimbursements until March 1, 2025), a 30-day SEC subsidized yield of 6.18%, and top holdings including Roche Holding (2.97%), Taiwan Semiconductor Manufacturing (2.61%), and BHP (2.33%).