FEDM

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund

$58.39
+0.00%
Market closed. Last update: 10:52 PM ET

📎 Investment Objective

The FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) seeks to track the investment results of an index composed of large- and mid-capitalization developed market companies, excluding the U.S., that exhibit positive environmental, social, and governance (ESG) characteristics and demonstrate a lower carbon footprint than the broader developed markets ex-U.S. universe.

Overview

ETF tracking FlexShares ESG & Climate Developed Markets ex-US Core Index Fund

Issuer Other
Inception Date 2021-09-21
Market Cap $65.7M
Average Volume N/A
Dividend Yield 2.59%
52-Week Range $45.64 - $59.56
VWAP $58.25

Performance

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Investment Summary

📎 Investment Objective

The FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) seeks to track the investment results of an index composed of large- and mid-capitalization developed market companies, excluding the U.S., that exhibit positive environmental, social, and governance (ESG) characteristics and demonstrate a lower carbon footprint than the broader developed markets ex-U.S. universe.

🎯 Investment Strategy

The fund seeks to achieve its objective by investing in a portfolio of securities that, in the aggregate, approximates the STOXX® Global ESG & Climate Developed Markets ex-U.S. Index in terms of key characteristics, including ESG scores, carbon metrics, and risk and return profiles.

✨ Key Features

  • Focuses on developed market companies outside the U.S. that exhibit positive ESG characteristics
  • Aims to have a lower carbon footprint compared to the broader developed markets ex-U.S. universe
  • Utilizes an index-based, passively managed approach to achieve its investment objective
  • Expense ratio of 0.00%, making it a low-cost option for investors

⚠️ Primary Risks

  • Market risk: The value of the fund's investments may decline due to general market conditions or other factors
  • International investing risk: Investments in foreign markets may be subject to additional risks, such as currency fluctuations, political instability, and economic conditions
  • ESG and sustainability risk: The fund's focus on ESG and climate factors may result in it underperforming funds that do not use such criteria
  • Tracking error risk: The fund may not perfectly track the performance of its underlying index

👤 Best For

The FlexShares ESG & Climate Developed Markets ex-US Core Index Fund may be suitable for investors seeking exposure to developed market companies outside the U.S. with a focus on ESG and climate-related factors. It may be particularly appealing to investors with a long-term investment horizon and a preference for a low-cost, passively managed approach to international investing.