Fossil fuel companiesare fueling the climate crisis.


FlexShares International Quality Dividend Index Fund

Shareclass
FlexShares Intl Qual Div ETF (IQDF)
Type
Exchange-traded fund
Fossil fuel exposure of 19.68% places the fund in the F tier, between 9% and 100% exposure.

Methodology
F
Investments in major fossil fuel companies
BHP Group Ltd
Carbon Underground 200Top 200 carbon reserves
$13.98 MILLION
China Hongqiao Group Ltd
Macroclimate 50Top 50 coal-fired power
$6.27 MILLION
TotalEnergies SE
Carbon Underground 200Top 200 carbon reserves
$5.11 MILLION
Var Energi ASA
Carbon Underground 200Top 200 carbon reserves
$4.47 MILLION
China Shenhua Energy Co Ltd Class H
Carbon Underground 200Top 200 carbon reservesMacroclimate 50Top 50 coal-fired power
$4.43 MILLION
Canadian Natural Resources Ltd
Carbon Underground 200Top 200 carbon reserves
$3.81 MILLION
Fossil fuel holdings
Energy sector
Top 200 owners of carbon reserves
Top 200 owners of carbon reserves
Carbon Underground 200
16
holdings
$54.86M
invested
8.81%
of portfolio
Coal industry
Coal industry
Coal miners, coal services, owners of coal reserves
11
holdings
$38.31M
invested
6.15%
of portfolio
Oil/gas industry
Oil/gas industry
Oil/gas producers and refiners, oil field services and equipment companies, pipeline operators
27
holdings
$76.53M
invested
12%
of portfolio
Utility sector
Top 50 coal-fired utilities
Top 50 coal-fired utilities
Macroclimate 50
2
holdings
$10.7M
invested
1.72%
of portfolio
Fossil-fired utilities
Fossil-fired utilities
Utilities burning fossil fuels or distributing gas
18
holdings
$61.22M
invested
9.83%
of portfolio
  When calculating a portfolio's screen exposure, we only consider long investments, ignoring any shorts or liabilities.
All fossil fuel companies
37 holdings
37 holdings
  • 1. BHP Group Ltd
    Carbon Underground 200Coal industry
    $13.98M
    2.24%
  • 2. Enel SpA
    Oil/gas industryFossil-fired utility
    $7.77M
    1.25%
  • 3. ITOCHU Corp
    Oil/gas industryFossil-fired utility
    $6.52M
    1.05%
  • 4. China Hongqiao Group Ltd
    Macroclimate 50Fossil-fired utility
    $6.27M
    1.01%
  • 5. Grupo Energia Bogota SA ESP
    Fossil-fired utility
    $5.11M
    0.82%
See all
Share to spread the word.
Business as usual is fueling climate destruction.
FlexShares International Quality Dividend Index Fund $IQDF is 20% ($122.61 MILLION) invested in fossil fuel stocks
Tweet 
Financial performance
Performance data provided byMorningstarFind more financial data on IQDF at Morningstar.com
Current fund
IQDF
FlexShares International Quality Dividend Index Fund
Family
Flexshares Trust
Category
Foreign Large Value
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 3/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 10-yr returns 
-0.13% less in annualized returns
More invested in fossil fuels 
7.91% more invested
Higher fossil finance risk score 
14 points higher
Lower fossil insurance risk score 
16 points lower
Less invested in Clean200 
3.97% less invested
Current fund
IQDF
FlexShares International Quality Dividend Index Fund
Family
Flexshares Trust
Category
Foreign Large Value
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 3/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 10-yr returns 
-0.13% less in annualized returns
More invested in fossil fuels 
7.91% more invested
Higher fossil finance risk score 
14 points higher
Lower fossil insurance risk score 
16 points lower
Less invested in Clean200 
3.97% less invested
Current fund
IQDF
FlexShares International Quality Dividend Index Fund
Family
Flexshares Trust
Category
Foreign Large Value
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 3/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower
 10-yr returns 
-0.13% less in annualized returns
More invested in fossil fuels 
7.91% more invested
Higher fossil finance risk score 
14 points higher
Lower fossil insurance risk score 
16 points lower
Less invested in Clean200 
3.97% less invested
Month-end trailing returns  
Annualized returns
Climate analysis
1-yr
3-yr
5-yr
10-yr
Fossil fuel %
This fund
IQDF - FlexShares International Quality Dividend Index Fund
9.82%
7.14%
12%
4.8%
20% 
Benchmark
ACWX - iShares MSCI ACWI ex U.S. ETF
6.75%
4.94%
11%
4.92%
12% 
Fund compared to benchmark
 
3.07%
2.2%
1.46%
-0.13%
7.91%  higher
Find more financial data on IQDF at Morningstar.com
What's next?
Learn how to make a change and move your money
Get started with our action toolkit
Recent blog posts
Ask your employer about fossil free options for your retirement plan
Find sustainable funds that are A-grade fossil free
Divest Invest invites you to join them in pledging to invest fossil free
Visit Deforestation Free Funds to see exposure to rainforest destruction
More from Invest Your Values
See how mutual funds and ETFs are rated on issues ranging from fossil fuels, to deforestation, gender equality, guns, prisons, weapons, and tobacco


We offer sustainable investment tools that highlight issues dealing with climate change, gender equality and more

About us

Invest Your Values is funded by contributions to As You Sow, a non-profit 501(c)3.

Donate

Invest Your Values is a project by As You Sow, a 501(c)3 nonprofit empowering shareholders to change corporations for good

Visit As You Sow

Legal    
© Copyright 2025 As You Sow. All rights reserved.
Main Post Office, PO Box 751, Berkeley, CA 94701

Connect with As You Sow

Contact us      

Disclaimer: As You Sow is not an investment adviser

As You Sow is not an investment adviser as that term is defined under federal and state (California) laws and regulations. As You Sow is a tax-exempt, nonprofit organization dedicated to educating and empowering shareholders to change corporations for the good through the collection, analysis and dissemination of relevant information to the public, free of charge. As You Sow does not provide financial planning, legal or tax advice. Nothing on this website shall constitute or be construed as an offering of financial instruments, or as investment advice or investment recommendations.
See our full disclaimer