---
ticker: "QLVD"
name: "Northern Trust Developed Markets ex-US Quality Low Volatility ETF"
url: "https://etf.net/etf/QLVD"
grade: "A"
score: 71
graded_at: "2026-10-12"
category: "International Quality Index"
category_rank: "1 of 6"
methodology: "https://etf.net/methodology"
---

# QLVD: Northern Trust Developed Markets ex-US Quality Low Volatility ETF

Grade **A**, Score 71 of 100. Rank 1 of 6 in International Quality Index.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 87 | 1 of 6 |
| Mission | 74 | 3 of 3 |
| Risk | 75 | 1 of 6 |
| Tradability | 40 | 5 of 6 |
| Holdings | 72 | 2 of 6 |
| Durability | 45 | 4 of 6 |

## Top holdings

The fund holds 197 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | NOVN.SW | Novartis AG Common Stock Chf 0.49 | 3.90% |
| 2 | RY.TO | Royal Bank of Canada Common Stock Cad 0 | 3.56% |
| 3 | ASML.AS | Asml Holding NV Common Stock Eur 0.09 | 2.46% |
| 4 | ULVR.L | Unilever PLC Common Stock Gbp 0.031111 | 2.26% |
| 5 | D05.SI | Dbs Group Holdings Ltd Common Stock Sgd 0 | 2.01% |
| 6 | CM.TO | Canadian Imperial Bank of Commerce Common Stock | 1.69% |
| 7 | IBE.MC | Iberdrola SA Common Stock Eur 0.75 | 1.68% |
| 8 | SHEL.L | Shell PLC | 1.60% |
| 9 | NESN.SW | Nestle SA Common Stock Chf 0.1 | 1.50% |
| 10 | SAN.PA | Sanofi SA Common Stock Eur 2 | 1.46% |
| 11 | ZURN.SW | Zurich Insurance Group AG Common Stock Chf 0.1 | 1.45% |
| 12 | 8058.T | Mitsubishi Corp Common Stock Jpy | 1.38% |
| 13 | O39.SI | Oversea-Chinese Banking Corp Ltd Common Stock Sgd | 1.27% |
| 14 | MUV2.DE | Muenchener Rueckversicherungs-Gesellschaft AG In | 1.26% |
| 15 | — | Msci Eafe Equity Index 18/DEC/2026 MFSZ6 Index | 1.19% |
| 16 | — | Cash | 1.19% |
| 17 | DTE.DE | Deutsche Telekom AG Common Stock Eur 0 | 1.10% |
| 18 | TD.TO | Toronto-Dominion Bank/The Common Stock | 1.09% |
| 19 | DB1.DE | Deutsche Boerse AG Common Stock Eur 0 | 1.03% |
| 20 | CNR.TO | Canadian National Railway Co Common Stock Cad 0 | 1.02% |
| 21 | 4307.T | Nomura Research Institute Ltd Common Stock Jpy | 0.94% |
| 22 | 7832.T | Bandai Namco Holdings Inc Common Stock Jpy | 0.88% |
| 23 | CPG.L | Compass Group PLC Common Stock USD 11.05 | 0.88% |
| 24 | 9433.T | Kddi Corp Common Stock Jpy | 0.87% |
| 25 | FERG | Ferguson Enterprises Inc Common Stock USD 0.0001 | 0.87% |
| 26 | 4452.T | Kao Corp Common Stock Jpy | 0.87% |
| 27 | 8309.T | Sumitomo Mitsui Trust Group Inc Common Stock Jpy | 0.86% |
| 28 | 2914.T | Japan Tobacco Inc Common Stock Jpy | 0.86% |
| 29 | KNEBV.HE | Kone Oyj Common Stock Eur 0 | 0.85% |
| 30 | HNR1.DE | Hannover Rueck SE Common Stock Eur 0 | 0.85% |

Source: etf.net, https://etf.net/etf/QLVD. Please cite the page URL.