QLVE ETF — Holdings & Analysis

The FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) is an equity ETF with $0.02 billion in assets under management.

QLVE seeks to track the Northern Trust Emerging Markets Quality Low Volatility Index, offering exposure to emerging market equities with an emphasis on quality and low volatility. With an expense ratio of 0.19%, QLVE aims to provide investors with a risk-managed approach to emerging market investing by focusing on companies exhibiting both quality characteristics and lower price volatility. Past performance does not guarantee future results.

FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) ETF — Price, Holdings & Analysis

The FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) is an equity ETF with $0.02 billion in assets under management. QLVE seeks to track the Northern Trust Emerging Markets Quality Low Volatility Index, offering exposure to emerging market equities with an emphasis on quality and low volatility. With an expense ratio of 0.19%, QLVE aims to provide investors with a risk-managed approach to emerging market investing by focusing on companies exhibiting both quality characteristics and lower price volatility. Past performance does not guarantee future results.

ETF Overview

For investors seeking an investment that emphasizes emerging markets quality and low volatility. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Emerging Markets Quality Low Volatility Index (the “Underlying Index”).

QLVE provides targeted exposure to emerging market equities, specifically emphasizing companies with both quality characteristics and lower volatility. The fund tracks the Northern Trust Emerging Markets Quality Low Volatility Index, which selects stocks based on factors like profitability, management efficiency, and reduced price fluctuations. This approach aims to deliver potentially smoother returns compared to broad emerging market indices. The fund's top holdings reflect this strategy, with significant allocations to companies like Taiwan Semiconductor Manufacturing Co Ltd (14.10%), Samsung Electronics Co Ltd (5.36%), and Tencent Holdings Ltd (3.55%). Sector allocation is heavily weighted towards Technology (27.1%) and Financial Services (18.6%), indicating a focus on established, higher-quality businesses within these sectors. QLVE may appeal to investors seeking a less volatile entry point into emerging markets, prioritizing downside protection and quality over pure growth potential. Past performance does not guarantee future results.

Risk Metrics

Investing in QLVE involves several risks. The fund's concentration in specific countries, such as Taiwan (20.4%), India (18.6%), and China (15.0%), exposes it to geopolitical and economic risks specific to those regions. The significant allocation to the Technology sector (27.1%) also introduces sector-specific risk, as the fund's performance is heavily reliant on the performance of technology companies in emerging markets. With a 3-year beta of 0.66, QLVE is less volatile than the broader market, but it will still experience fluctuations. The expense ratio of 0.19% will create a slight drag on performance over time, but is relatively low. their may be worth researching risk tolerance and investment horizon before investing in QLVE. Past performance does not guarantee future results.

Expense Ratio

0.19%

What does QLVE hold?

Holding	Weight
Taiwan Semiconductor Manufacturing Co Ltd (2330.TW)	14.10%
Samsung Electronics Co Ltd (005930.KS)	5.36%
Tencent Holdings Ltd (0700.HK)	3.55%
Alibaba Group Holding Ltd ADR (BABA)	2.67%
SK Hynix Inc (000660.KS)	2.58%
HDFC Bank Ltd (HDFCBANK.NS)	1.76%
Tata Consultancy Services Ltd (TCS.NS)	1.26%
Bank Of China Ltd Class H (03988)	1.03%
Public Bank Bhd (1295.KL)	1.02%
Hindustan Unilever Ltd (500696)	1.01%

How Is the Fund Allocated?

Sector	Weight
Technology	27.1%
Financial Services	18.6%
Communication Services	12.8%
Consumer Cyclical	8.8%
Consumer Defensive	7.0%
Healthcare	6.9%
Utilities	5.8%
Energy	5.3%
Industrials	4.5%
Basic Materials	3.2%
Real Estate	0.0%
Cash & Others	0.0%

Country	Weight
Taiwan	20.4%
India	18.6%
China	15.0%
South Korea	12.1%
United Arab Emirates	6.8%
Malaysia	5.2%
Brazil	4.3%
Saudi Arabia	3.2%
Philippines	2.8%
Qatar	2.3%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

FlexShares STOXX US ESG Select Index Fund (ESG) (Equity) — 0.33% expense ratio
FlexShares ESG & Climate High Yield Corporate Core Index Fund (FEHY) (Equity) — 0.23% expense ratio
Northern Trust Short-Term Tax-Exempt Bond ETF (TAXS) (Fixed Income) — 0.05% expense ratio
Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB) (Fixed Income) — 0.10% expense ratio
Northern Trust 2045 Tax-Exempt Distributing Ladder ETF (MUNC) (Fixed Income) — 0.18% expense ratio

Risk Metrics

Beta: 0.66

Questions & Answers

What is QLVE and what does it track?

The FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) is an exchange-traded fund (ETF) managed by FlexShares.

It aims to provide investment results that generally correspond to the price and yield performance, before fees and expenses, of the Northern Trust Emerging Markets Quality Low Volatility Index.

What is the expense ratio for QLVE?

The expense ratio for QLVE is 0.19%. This means that for every $10,000 invested in the fund, $19 is used to cover the fund's operating expenses annually.

While there isn't a single definitive "category average" for emerging market low volatility ETFs, the expense ratio is generally considered competitive compared to other specialized emerging market ETFs.

What are the top holdings in QLVE?

As of 2026-03-15, the top holdings in QLVE are: Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) at 14.10%, Samsung Electronics Co Ltd (005930.KS) at 5.36%, Tencent Holdings Ltd (0700.HK) at 3.55%, Alibaba Group Holding Ltd ADR (BABA) at 2.67%, and SK…

Hynix Inc (000660.KS) at 2.58%.

Is QLVE a good long-term investment?

Whether QLVE is a suitable long-term investment depends on an individual investor's specific financial goals, risk tolerance, and investment horizon. QLVE offers exposure to emerging market equities with a focus on quality and low volatility.

Its 0.19% expense ratio is relatively competitive.

How does QLVE compare to similar ETFs?

QLVE differentiates itself through its focus on quality and low volatility within the emerging markets equity space. Compared to broad emerging market ETFs, QLVE may exhibit lower volatility but potentially also lower returns during strong bull markets.

Its expense ratio of 0.19% is competitive with other specialized emerging market ETFs.

Does QLVE pay dividends?

As of 2026-03-15, QLVE's dividend yield is 0.00%. This indicates that the fund is not currently distributing any dividends to its shareholders.

While the underlying companies in the fund's portfolio may pay dividends, these dividends may be reinvested within the fund or offset by fund expenses. Investors seeking current income may want to consider other ETFs with a higher dividend yield. Past performance does not guarantee future results.