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