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Launched · SEC filings

Northern Trust ESG & Climate Developed Markets ex-US Core ETF

FEDMNYSE ArcaFlexSharesA

$64.360.00 (0.00%)

As of Nov 2, 2026, 10:00 AM ET

A72/ 100

Rank 4 of 18 in International ESG & Values Index

A72/100Rank 4 of 18inInternational ESG & Values Index
Intraday session: down, 1 prints from 64.36 to 64.36. Range 64.36 to 64.36. Use the arrow keys to read each point.64.3664.3664.3610 AM12 PM2 PM4 PM
Expense ratio
0.12%*
Fund size
$86M
1Y total return
+15.7%
Yield · Last 12 months
2.88%
Holdings
231
Avg volume · 30D
2.03K sh
52W range
low $53.55high $66.95
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Mar 1, 2027. Without it: 0.16%.

The ETF.net FEDM Grade

A

Score 72 out of 100

Category
International ESG & Values Index⁠
Rank
4 of 18
Six-pillar profile for FEDM. Scores out of 100: Cost 88, Risk 53, Mission 100, Tradability 35, Holdings 60, Durability 40. Strongest: Mission (100). Weakest: Tradability (35). Leans toward Mission.

Score 72 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A88 out of 100
    Rank 2 of 18

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 15

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C53 out of 100
    Rank 10 of 18

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D35 out of 100
    Rank 14 of 18

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B60 out of 100
    Rank 9 of 18

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C40 out of 100
    Rank 15 of 18

Our read on FEDM

ETF.net Research

In short

ANorthern Trust writes the index and runs the fund: a developed-ex-US core holding screened on its own ESG and climate scoring, at 0.12% net of a waiver through March 1, 2027.

Stated mandate

The Fund seeks to track, before fees and expenses, the performance of the Northern Trust ESG & Climate Developed Markets ex-US Core Index.

Why people hold it

  • At 0.12% net of a waiver through March 1, 2027, it sits at the low end of its peer group, matching DMXF (0.12%) and undercutting ESGD (0.20%).
  • Optimized, not just screened: the index limits how far any stock, sector or region can drift from its developed-ex-US parent, so it still behaves like core foreign equity.flexshares.com
  • Northern Trust scores companies on its own ESG Vector Score instead of licensing a third party ratings index, and manages the fund in-house.flexshares.com
  • Roughly 300 large and mid-cap names across developed markets outside the US, paid out quarterly.flexshares.com

Worth knowing

  • Thinly traded next to the category giants, so spreads can widen. Limit orders matter more here than with the household-name alternatives.
  • The 0.12% is net of a waiver through March 1, 2027; the gross fee is 0.16%, so the discount depends on that waiver being extended.
  • ESG and climate screens change what it owns versus a plain developed-ex-US index, so results can drift from the broad market in either direction.sec.gov

FEDM Holdings

Holdings pillarB60 out of 100Rank 9 of 18 in International ESG & Values Index
Asset class
Stocks
Holdings
231
Top-10 weight
17%
Largest holding
ASML.AS2.8%

Sectors

  • Financials28.3%
  • Industrials16.5%
  • Technology12.8%
  • Health Care9.6%
  • Consumer Staples6.5%
  • Materials6.2%
  • Energy5.7%
  • Consumer Discretionary5.2%
  • Communication4.7%
  • Utilities3.0%
  • Real Estate1.5%

Geography

  • Japan21.31%
  • United Kingdom13.20%
  • Canada11.79%
  • Germany8.13%
  • France7.85%
  • Switzerland7.27%
  • Australia6.62%
  • Spain5.65%
  • Other countries (14)18.16%

Developed 99% · Emerging 1% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 16.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1ASML.ASAsml Holding NV Common Stock Eur 0.092.79%1,547$2.44M193
2RY.TORoyal Bank of Canada Common Stock Cad 01.85%7,950$1.62M96
3SHEL.LShell PLC1.79%28,991$1.57M154
4NOVN.SWNovartis AG Common Stock Chf 0.491.65%8,904$1.45M189
5SAP.DESap SE Common Stock Eur 01.49%5,512$1.3M172
6SIE.DESiemens AG Common Stock Eur 01.45%4,293$1.27M154
7AZN.LAstrazeneca PLC Common Stock Gbp 0.251.43%6,678$1.25M166
8No dataCash1.41%1,237,016$1.24M422
96857.TAdvantest Corp Common Stock Jpy1.37%5,400$1.2M186
106098.TRecruit Holdings Co Ltd Common Stock Jpy1.34%9,600$1.17M167
11CBA.AXCommonwealth Bank of Australia Common Stock Aud 01.29%9,646$1.13M116
128306.TMitsubishi Ufj Financial Group Inc Common Stock1.25%50,000$1.09M162
13ZURN.SWZurich Insurance Group AG Common Stock Chf 0.11.24%1,431$1.09M156
14No dataMsci Eafe Equity Index 18/DEC/2026 MFSZ6 Index1.24%7$1.09M6
156501.THitachi Ltd Common Stock Jpy1.23%33,300$1.08M169

Showing 1–15 of 231 holdings

FEDM Performance

Launched Sep 20, 2021

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.
FEDM$11,572
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FEDM $11,572. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FEDM. Periods over one year show the average yearly return.
PeriodFEDM
Year to date+11.3%
1 month+1.0%
3 months+0.2%
1 year+15.7%
3 yearsper year+18.6%
5 yearsper year+7.6%
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FEDM
YearReturn barFEDM
2026 YTD+11.3%
2025+26.9%
2024+2.9%
2023+17.4%
2022−15.2%
2021+1.9%

History from Sep 21, 2021

FEDM in the news

FEDM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
2.88%Last 12 months
Payout per share
$1.86Last 12 months
Last payment
$0.26 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2021–2026

One bar per payment. 20 payments from 2021 to 2026 YTD. Dec 17, 2021 $0.32; Mar 18, 2022 $0.10; Jun 17, 2022 $0.56; Sep 16, 2022 $0.22; Dec 16, 2022 $0.19; Mar 17, 2023 $0.11; Jun 16, 2023 $0.66; Sep 15, 2023 $0.23; Dec 15, 2023 $0.25; Mar 15, 2024 $0.12; Jun 21, 2024 $0.70; Sep 20, 2024 $0.29; Dec 20, 2024 $0.30; Mar 21, 2025 $0.15; Jun 20, 2025 $0.80; Sep 19, 2025 $0.26; Dec 19, 2025 $0.54; Mar 20, 2026 $0.16; Jun 18, 2026 $0.89; Sep 18, 2026 $0.26. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 24, 2026$0.26
Jun 18, 2026Jun 25, 2026$0.89
Mar 20, 2026Mar 26, 2026$0.16
Dec 19, 2025Dec 26, 2025$0.54
Sep 19, 2025Sep 25, 2025$0.26
Jun 20, 2025Jun 26, 2025$0.80
Mar 21, 2025Mar 27, 2025$0.15
Dec 20, 2024Dec 27, 2024$0.30
Sep 20, 2024Sep 26, 2024$0.29
Jun 21, 2024Jun 27, 2024$0.70
Mar 15, 2024Mar 21, 2024$0.12
Dec 15, 2023Dec 21, 2023$0.25

See all 20 payments⁠

$10,000 in FEDM 5 years ago paid $1,366 in dividends.⁠

FEDM Risk

Risk pillarC53 out of 100Rank 10 of 18 in International ESG & Values Index
How much the fund’s monthly returns vary, scaled to a year.
11.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.14
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−29.4%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.91
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FEDM Cost

Compare FEDM and VSGX

Overpaying vs VSGX, cheapest in International ESG & Values Index

$414

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FEDM 0.12%

    $2,520

  • VSGX 0.10% Cheapest

    $2,106

$10,000
30 years

Cost over time

  • FEDM 0.12%
  • VSGX 0.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K051015202530FEDM $2,520VSGX $2,106

Year by year

YearFEDMVSGXOverpaying
10$220$183$37
20$859$717$142
30$2,520$2,106$414
How the 0.12% is worked out

Full fee 0.16%− waiver 0.04%= you pay 0.12%

The waiver ends Mar 1, 2027. After that the fee is 0.16% unless FlexShares renews it. Source: prospectus, Aug 2026.

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