ETF Evaluator:
FlexShares Intl Qual Div Dynamic ETF (IQDY)
Follow This ETF
(as of Jul 31)
Best Performing in Foreign Large Value Over the Last Year
| 41.3% | First Trust Dev Mkts Ex-US AlphaDEX® ETF (FDT) |
| 38.0% | Vident International Equity Strategy ETF (VIDI) |
| 36.9% | JPMorgan International Value ETF (JIVE) |
| 36.8% | Invesco RAFI Developed Markets ex-US ETF (PXF) |
| 36.7% | Cambria Global Value ETF (GVAL) |
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Risk
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ETF Details
FlexShares Intl Qual Div Dynamic ETF Overview
FlexShares Intl Qual Div Dynamic ETF (IQDY) is a passively managed International Equity Foreign Large Value exchange-traded fund (ETF). Flexshares Trust launched the ETF in 2013.
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust International Quality Dividend Dynamic IndexSM.
The index is designed to reflect the performance of a selection of companies that, in aggregate, provide exposure to a high-quality income-oriented universe of long-only international securities issued by non-U.S.-based companies. The fund will invest at least 80% of its total assets in the securities of the index and in ADRs and GDRs based on the securities in the index.
About FlexShares Intl Qual Div Dynamic ETF (IQDY)
There are 3 members of the management team with an average tenure of 9.34 years: Robert Anstine (2013), Brendan Sullivan (2016) and Steven Santiccoli (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and Northern Trust Int'l Qlt Dvd Dy NR USD index with a weighting of 100%. FlexShares Intl Qual Div Dynamic ETF has 231 securities in its portfolio. The top 10 holdings constitute 22.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
FlexShares Intl Qual Div Dynamic ETF is part of the Equity global asset class and is within the International Equity ETF group. FlexShares Intl Qual Div Dynamic ETF has 97.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.9% There is 97.8% allocated to foreign stock, and 0.2% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). FlexShares Intl Qual Div Dynamic ETF has 1.1% of the portfolio in cash.
Assets Under Management
The fund has $109 million in total assets, which is below the $2 billion average for the Foreign Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IQDY Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The FlexShares Intl Qual Div Dynamic ETF expense ratio is average compared to funds in the Foreign Large Value category. FlexShares Intl Qual Div Dynamic ETF has an expense ratio of 0.47%, which is 2% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. FlexShares Intl Qual Div Dynamic ETF has a portfolio turnover rate of 65%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 46% for the Foreign Large Value category.
Recently, in the month of June 2026, FlexShares Intl Qual Div Dynamic ETF returned -0.3%, which earned it a grade of B, as the Foreign Large Value category had an average return of -1.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
FlexShares Intl Qual Div Dynamic ETF has a trailing yield of 2.99%, which is below the 3.40% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
FlexShares Intl Qual Div Dynamic ETF Grades
Year to date, the ETF has returned 17.7%, 7.4 percentage points better than the category, which translates into a grade of A. The fund has returned 36.2% over the past year (grade of A), 23.7% over the past three years (grade of A) and 12.3% per year over the past five years (grade of B) and 11.8% per year over the past 10 years (grade of A).
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IQDY Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IQDY Return (NAV) | -0.3% | 15.3% | 36.2% | 23.7% | 12.3% | 11.8% |
| IQDY Return (Price) | 1.1% | 14.2% | 36.5% | 24.0% | 12.4% | 11.9% |
| NAV +/- Price Return | -1.354% | 1.072% | -0.343% | -0.341% | -0.150% | -0.105% |
| Foreign Large Value Avg | -1.7% | 6.2% | 25.4% | 19.8% | 11.2% | 9.9% |
| IQDY Grade (NAV) | B | A | A | A | B | A |
| +/- Category (NAV) | 1.4% | 9.1% | 10.8% | 3.9% | 1.0% | 1.9% |
| IQDY Tax-Cost Ratio | na | na | 1.3% | 2.2% | 2.1% | 1.9% |
IQDY Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IQDY Return (NAV) | 17.7% | 37.1% | 5.8% | 23.2% | -15.4% | 11.8% | 9.3% | 26.8% | -19.0% | 23.6% | 10.8% |
| IQDY Return (Price) | 18.6% | 37.5% | 6.0% | 23.5% | -15.7% | 12.1% | 9.6% | 27.3% | -20.0% | 24.0% | 10.9% |
| NAV +/- Price Ret | 0.051% | 0.010% | 0.031% | 0.011% | 0.020% | 0.021% | 0.023% | 2.0% | 5.0% | 2.0% | 0.8% |
| Foreign Large Value Avg | 10.2% | 38.6% | 4.7% | 16.7% | -8.9% | 12.3% | -0.7% | 18.8% | -13.7% | 23.2% | 6.9% |
| IQDY Grade (NAV) | A | C | B | A | F | C | A | A | F | C | A |
| +/- Category | 7.4% | -1.4% | 1.1% | 6.5% | -6.5% | -0.5% | 10.1% | 8.0% | -5.3% | 0.4% | 3.9% |
| Risk Measures | |
| Beta: | 0.97 |
| R-Squared: | 93% |
| Standard Deviation: | 14.0% |
| Category Risk Index: | 1.11 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.15 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 3.0% |
| Total Assets: | $ 110 Mil |
| Share Class Assets: | $ 110 Mil |
| Turnover: | 65.0% |
| Expense Ratio: | 0.47% |
| Index Fund: | Yes |
| Index Tracked: | MSCI ACWI Ex USA NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 12.7 years | |||
| Average Tenure: 9.3 years | |||
| Managers (Year): Anstine Robert (2013), Sullivan Brendan (2016), Santiccoli Steven (2021) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 231 |
| % in Top 10 Holdings: | 22.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 97.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.9% |
| Foreign Stock: | 97.8% |
| Preferred Stock: | 0.2% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Flexshares Trust |
| Phone Number: | 855-353-9383 |
| Website: | www.flexshares.com |
| Inception Date: | April 12, 2013 |
Expenses and Fees
| Expense Ratio (%): | 0.47% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.46% |
