QLVD Holdings — FlexShares Developed Markets ex-US Quality Low Volatility Index Fund
Data updated: 2026-09-25
QLVD holds 203 securities. The top 10 make up 21.0% of net assets, led by Novartis AG (Registered) (3.76%) and Royal Bank of Canada (2.97%). Financials (24.5%) and Industrials (12.8%) are the largest sectors, and 20.8% of the portfolio is in Japan. No debt holdings are reported.
Holdings cover 100.88% of net asset value (99.27% of total assets; remainder is cash and receivables). As of July 31, 2026 · N-PORT.
QLVD Portfolio Holdings
203 holdings of FlexShares Developed Markets ex-US Quality Low Volatility Index Fund by percentage of net assets, from the fund's SEC N-PORT filing as of July 31, 2026. The 100 largest are listed below; the interactive table on this page lists all 203.
| Holding | Ticker | Sector | % of net assets | Value (USD) |
|---|---|---|---|---|
| Novartis AG (Registered) | NVSEF | Health Care | 3.76% | $2.06M |
| Royal Bank of Canada | RY | Financials | 2.97% | $1.63M |
| Unilever plc | UNLYF | Consumer Staples | 2.26% | $1.24M |
| ASML Holding NV | ASMLF | Information Technology | 2.25% | $1.23M |
| Canadian Imperial Bank of Commerce | CM | Financials | 1.78% | $973.38K |
| Air Liquide SA | — | Materials | 1.68% | $919.45K |
| Nestle SA (Registered) | — | Consumer Staples | 1.60% | $877.94K |
| Mitsubishi Corp. | — | Industrials | 1.58% | $863.86K |
| Iberdrola SA | — | Utilities | 1.56% | $855.34K |
| DBS Group Holdings Ltd. | — | Financials | 1.56% | $853.32K |
| Sanofi SA | SNYNF | Health Care | 1.54% | $841.73K |
| Shell plc | RYDAF | Energy | 1.41% | $770.79K |
| Treasury Repurchase Agreement | — | Unknown | 1.36% | $746.01K |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) | — | Financials | 1.30% | $711.37K |
| Oversea-Chinese Banking Corp. Ltd. | — | Financials | 1.24% | $680.71K |
| Deutsche Telekom AG (Registered) | DTEGF | Communication Services | 1.19% | $654.20K |
| Oriental Land Co. Ltd. | — | Consumer Discretionary | 1.15% | $630.52K |
| Toronto-Dominion Bank (The) | TD | Financials | 1.11% | $609.46K |
| Canadian National Railway Co. | CNR | Energy | 1.08% | $593.64K |
| Zurich Insurance Group AG | — | Financials | 1.07% | $584.56K |
| Deutsche Boerse AG | — | Financials | 0.95% | $521.49K |
| BOC Hong Kong Holdings Ltd. | — | Financials | 0.92% | $505.92K |
| Engie SA | — | Utilities | 0.92% | $502.06K |
| Takeda Pharmaceutical Co. Ltd. | TKPHF | Health Care | 0.90% | $495.12K |
| Aena SME SA | — | Industrials | 0.89% | $490.16K |
| Compass Group plc | — | Consumer Discretionary | 0.87% | $478.95K |
| Loblaw Cos. Ltd. | L | Financials | 0.87% | $477.37K |
| KDDI Corp. | — | Communication Services | 0.87% | $476.97K |
| SoftBank Corp. | — | Communication Services | 0.86% | $471.42K |
| Intact Financial Corp. | — | Financials | 0.86% | $470.90K |
| Kao Corp. | — | Consumer Staples | 0.85% | $467.96K |
| Euronext NV | — | Financials | 0.85% | $467.14K |
| Fortis, Inc. | FTS | Utilities | 0.85% | $466.39K |
| Japan Tobacco, Inc. | — | Consumer Staples | 0.84% | $461.55K |
| Sampo OYJ, Class A | — | Financials | 0.84% | $459.57K |
| Klepierre SA | — | Real Estate | 0.84% | $459.14K |
| SGS SA (Registered) | — | Industrials | 0.83% | $454.60K |
| Eni SpA | EIPAF | Energy | 0.82% | $451.15K |
| Pembina Pipeline Corp. | PPL | Utilities | 0.82% | $450.27K |
| Bank Leumi Le-Israel BM | — | Financials | 0.82% | $447.84K |
| Danone SA | — | Consumer Staples | 0.82% | $447.47K |
| TechnipFMC plc | FTI | Energy | 0.81% | $444.87K |
| Geberit AG (Registered) | — | Industrials | 0.81% | $442.05K |
| Unicharm Corp. | — | Consumer Staples | 0.81% | $441.85K |
| Daiwa House Industry Co. Ltd. | — | Industrials | 0.80% | $440.70K |
| Bank Hapoalim BM | — | Financials | 0.80% | $438.87K |
| Obic Co. Ltd. | — | Information Technology | 0.80% | $437.65K |
| Pan Pacific International Holdings Corp. | DQJCF | Information Technology | 0.78% | $427.23K |
| Ferguson Enterprises, Inc. | FERG | Industrials | 0.77% | $419.92K |
| Kone OYJ, Class B | — | Industrials | 0.75% | $411.34K |
| Mizrahi Tefahot Bank Ltd. | — | Financials | 0.73% | $402.14K |
| Sun Hung Kai Properties Ltd. | — | Real Estate | 0.73% | $400.63K |
| CK Asset Holdings Ltd. | — | Real Estate | 0.71% | $390.45K |
| GSK plc | GLAXF | Health Care | 0.70% | $383.45K |
| Givaudan SA (Registered) | — | Materials | 0.70% | $383.26K |
| Oracle Corp. Japan | — | Information Technology | 0.69% | $379.32K |
| ANA Holdings, Inc. | — | Industrials | 0.69% | $375.74K |
| United Overseas Bank Ltd. | — | Financials | 0.68% | $375.25K |
| Thales SA | — | Industrials | 0.68% | $371.19K |
| Power Assets Holdings Ltd. | — | Utilities | 0.67% | $368.99K |
| HSBC Holdings plc | HBCYF | Financials | 0.65% | $357.67K |
| Dollarama, Inc. | — | Consumer Discretionary | 0.63% | $344.14K |
| AstraZeneca plc | AZN | Health Care | 0.62% | $337.27K |
| Roche Holding AG | — | Health Care | 0.61% | $335.66K |
| Koninklijke Ahold Delhaize NV | — | Consumer Staples | 0.60% | $330.18K |
| Kongsberg Gruppen ASA | NSKFF | Information Technology | 0.59% | $323.80K |
| Fairfax Financial Holdings Ltd. | FRFHF | Financials | 0.59% | $321.30K |
| WH Group Ltd. | — | Consumer Staples | 0.57% | $310.34K |
| Japan Post Bank Co. Ltd. | — | Financials | 0.56% | $308.71K |
| CGI, Inc. | GIB | Industrials | 0.55% | $301.94K |
| Sompo Holdings, Inc. | — | Financials | 0.55% | $299.31K |
| Bridgestone Corp. | — | Consumer Discretionary | 0.50% | $276.41K |
| Next plc | — | Consumer Discretionary | 0.50% | $274.89K |
| CCL Industries, Inc., Class B | — | Materials | 0.48% | $265.03K |
| Nippon Steel Corp. | — | Materials | 0.48% | $261.10K |
| Danske Bank A/S | — | Financials | 0.48% | $261.03K |
| Amadeus IT Group SA | — | Information Technology | 0.46% | $249.41K |
| Great-West Lifeco, Inc. | GWLIF | Financials | 0.45% | $248.04K |
| Elbit Systems Ltd. | ESLT | Industrials | 0.45% | $245.20K |
| Canon, Inc. | CAJFF | Industrials | 0.45% | $244.73K |
| Mitsui Fudosan Co. Ltd. | — | Real Estate | 0.45% | $243.96K |
| Singapore Exchange Ltd. | — | Financials | 0.45% | $243.88K |
| Bunzl plc | BZLFF | Consumer Staples | 0.44% | $242.54K |
| Secom Co. Ltd. | — | Industrials | 0.43% | $233.40K |
| Singapore Telecommunications Ltd. | — | Communication Services | 0.42% | $232.41K |
| Chocoladefabriken Lindt & Spruengli AG | — | Consumer Staples | 0.42% | $230.39K |
| Dai Nippon Printing Co. Ltd. | — | Industrials | 0.42% | $229.35K |
| Shimano, Inc. | — | Consumer Discretionary | 0.42% | $227.51K |
| Toho Co. Ltd. | — | Communication Services | 0.42% | $227.50K |
| Admiral Group plc | — | Financials | 0.41% | $227.41K |
| CLP Holdings Ltd. | — | Real Estate | 0.41% | $224.09K |
| CapitaLand Integrated Commercial Trust | — | Real Estate | 0.41% | $223.44K |
| Thomson Reuters Corp. | TRI | Communication Services | 0.41% | $222.72K |
| Ovintiv, Inc. | OVV | Energy | 0.40% | $221.86K |
| Astellas Pharma, Inc. | — | Health Care | 0.40% | $221.27K |
| Tokyo Gas Co. Ltd. | — | Utilities | 0.40% | $218.72K |
| Inpex Corp. | — | Energy | 0.40% | $218.68K |
| Hydro One Ltd. | H | Consumer Discretionary | 0.40% | $218.47K |
| Emera, Inc. | EMA | Utilities | 0.40% | $217.01K |
| LY Corp. | — | Communication Services | 0.39% | $215.51K |
QLVD Sector Allocation
FlexShares Developed Markets ex-US Quality Low Volatility Index Fund holdings grouped by sector, by share of the portfolio's market value.
| Sector | Weight | Holdings |
|---|---|---|
| Financials | 24.5% | 31 |
| Industrials | 12.8% | 30 |
| Consumer Staples | 9.9% | 14 |
| Health Care | 9.4% | 14 |
| Utilities | 7.1% | 13 |
| Information Technology | 6.8% | 13 |
| Communication Services | 6.5% | 13 |
| Real Estate | 5.6% | 14 |
| Energy | 5.6% | 11 |
| Consumer Discretionary | 5.2% | 12 |
| Materials | 4.4% | 9 |
| Cash & Currency | 0.6% | 13 |
| Funds & ETFs | 0.1% | 4 |
| Unknown | 1.6% | 12 |
QLVD Country Allocation
Where FlexShares Developed Markets ex-US Quality Low Volatility Index Fund's holdings are domiciled, by percentage of net assets (largest 15).
| Country | % of net assets |
|---|---|
| Japan | 20.8% |
| Canada | 15.8% |
| Switzerland | 10.8% |
| United Kingdom | 8.9% |
| France | 8.2% |
| Singapore | 5.8% |
| Hong Kong SAR China | 5.4% |
| Germany | 4.1% |
| Netherlands | 3.8% |
| United States | 3.6% |
| Spain | 3.5% |
| Israel | 2.8% |
| Italy | 1.9% |
| Finland | 1.6% |
| Australia | 1.6% |
QLVD Portfolio Allocation
Asset-class allocation of FlexShares Developed Markets ex-US Quality Low Volatility Index Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.7% |
| Cash & Equivalents | 2.2% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.