FlexShares Quality Dividend Defensive Index Fund
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.9x P/Sales
ratio
2.0x
P/BV
ratio
3.2x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FlexShares Quality Dividend Defensive Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Northern Trust Quality Dividend Defensive Index.

FUND BASICS
Category US Equities
Fund Sponsor Northern Trust Investments Inc
Website www.flexshares.com
Inception date Dec 14, 2012
Assets (mns) $433
Currency USD
Expense ratio 37 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank and Trust Co
Weighting Multi-Factor
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 150
Wgt avg mkt cap (mns) $279,050
Large cap (>$10bn) 87.4%
Mid cap ($2-10bn) 12.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.6 %
MICROSOFT CORP 4.9 %
JOHNSON & JOHNSON 3.6 %
UNITEDHEALTH GROUP INC 3.3 %
CISCO SYSTEMS INC 3.1 %
WAL-MART STORES INC 3.1 %
JPMORGAN CHASE & CO 3.0 %
CHEVRON CORP 2.7 %
ELI LILLY & CO 2.5 %
COMCAST CORP-CL A 2.3 %
Total 34.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
IRELAND 1.9 %
BRITAIN 0.8 %
BERMUDA 0.3 %
SWITZERLAND 0.1 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.2% -3.7% 7.3% -- 10.8%

Market Correlations
versus... Beta R-squared
S&P500 0.95 96%
MSCI EAFE 0.95 84%
MSCI Emg. Mkts. 0.67 65%

Technical Indicators
Recent close $41.81
30d moving avg. $42.33
Annualized volatility 16.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.6%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 72
Turnover 0.7%
Bid/Ask (% of price) 0.06%
ADV underlying (mns) $94,379

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the FlexShares Quality Dividend Defensive Index Fund ETF based on the alternatives' overlap in portfolio holdings with QDEF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QDEF Expense: 37 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QDEF
Ticker Fund
Name
Overlap1
vs QDEF
(%)
Expense
ratio
(bp)
Savings
vs QDEF
(bp)
ALTAR
Score™
(%)
ALTAR
vs QDEF
(%)
QDF FlexShares Quality Dividend Index Fund 66.7 37 0 6.2 +0.3
QDYN FlexShares Quality Dividend Dynamic Index Fund 54.5 37 0 6.3 +0.4
DLN WisdomTree U.S. LargeCap Dividend Fund 49.8 28 9 6.5 +0.6
DTD WisdomTree U.S.Total Dividend Fund 47.9 28 9 6.8 +0.9
FDRR Fidelity Dividend ETF for Rising Rates 46.2 29 8 7.1 +1.2
QLC FlexShares US Quality Large Cap Index Fund 44.5 32 5 5.4 -0.6
DIVB iShares U.S. Dividend & Buyback ETF 42.9 25 12 6.7 +0.8
DGRO iShares Core Dividend Growth ETF 42.4 8 29 6.8 +0.8
VYM Vanguard High Dividend Yield Index ETF 42.1 6 31 7.6 +1.6
OUSA O'Shares FTSE US Quality Dividend ETF 42.1 48 -11 5.7 -0.2
EPS WisdomTree U.S. Earnings 500 Fund 42.0 8 29 6.6 +0.6
AFLG First Trust Active Factor Large Cap ETF 40.2 55 -18 5.6 -0.4
PFM Invesco Dividend Achievers ETF 39.8 54 -17 5.5 -0.4
FQAL Fidelity Quality Factor ETF 39.8 29 8 5.5 -0.5
FDLO Fidelity Low Volatility Factor ETF 39.6 29 8 5.2 -0.8
XLG Invesco S&P 500 Top 50 ETF 39.2 20 17 4.4 -1.5
OEF iShares S&P 100 ETF 39.2 20 17 4.8 -1.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 38.8 25 12 6.7 +0.7
FDVV Fidelity Core Dividend ETF 38.7 29 8 7.3 +1.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 38.7 12 25 4.8 -1.2
QUS SPDR MSCI USA StrategicFactors ETF 38.4 15 22 5.9 -0.0
IWL iShares Russell Top 200 ETF 38.2 15 22 5.0 -0.9
PBP Invesco S&P 500 BuyWrite ETF 38.2 49 -12 5.0 -0.9
BKLC BNY Mellon US Large Cap Core Equity ETF 38.1 0 37 5.2 -0.7
DIA SPDR Dow Jones Industrial Average ETF Trust 38.1 16 21 5.7 -0.3
EDOW First Trust Dow 30 Equal Weight ETF 37.9 50 -13 6.1 +0.2
MGC Vanguard Mega Cap Index Fund 37.8 7 30 5.2 -0.7
SPY SPDR S&P 500 ETF Trust 37.6 9 28 5.4 -0.6
IVV iShares Core S&P 500 ETF 37.6 4 33 5.4 -0.5
VOO VANGUARD S&P 500 ETF 37.6 3 34 5.4 -0.5
SPLG SPDR Portfolio Large Cap ETF 37.6 3 34 5.4 -0.5
RECS Columbia Research Enhanced Core ETF 37.5 15 22 5.7 -0.3
HSPX Global X S&P 500 Covered Call ETF 37.4 65 -28 4.9 -1.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 37.2 15 22 6.2 +0.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 37.1 25 12 6.7 +0.8
SCHV Schwab U.S. Large-Cap Value ETF 37.0 4 33 7.4 +1.4
ACIO Aptus Collared Income Opportunity ETF 36.9 79 -42 4.4 -1.6
USDY Pacific Global US Equity Income ETF 36.8 29 8 7.5 +1.5
SPXE ProShares S&P 500 Ex-Energy ETF 36.8 27 10 5.3 -0.6
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 36.8 20 17 5.4 -0.6
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 36.6 7 30 5.2 -0.7
VV Vanguard Large-Cap Index Fund 36.6 4 33 5.3 -0.7
MGV Vanguard Mega Cap Value ETF 36.5 7 30 7.5 +1.5
JKF iShares Morningstar Large Cap Value ETF 36.5 25 12 7.8 +1.8
PBUS Invesco PureBeta MSCI USA ETF 36.5 4 33 5.3 -0.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 36.5 20 17 4.9 -1.0
VTV Vanguard Value Index Fund 36.4 4 33 7.6 +1.7
SPYV SPDR Portfolio S&P 500 Value ETF 36.4 4 33 7.6 +1.7
IVE iShares S&P 500 Value ETF 36.4 18 19 7.5 +1.5
VOOV Vanguard S&P 500 Value ETF 36.3 15 22 7.6 +1.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 36.3 29 8 6.3 +0.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 36.3 2 35 5.3 -0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 36.2 9 28 5.5 -0.4
SPTM SPDR Portfolio Total Stock Market ETF 36.2 3 34 5.5 -0.4
SNPE Xtrackers S&P 500 ESG ETF 36.2 11 26 5.1 -0.9
SCHX Schwab U.S. Large-Cap ETF 36.0 3 34 5.3 -0.7
IWX iShares Russell Top 200 Value ETF 35.7 20 17 7.3 +1.4
SPXN ProShares S&P 500 Ex-Financials ETF 35.6 27 10 5.0 -1.0
VONE Vanguard Russell 1000 ETF 35.6 8 29 5.3 -0.7
NACP Impact Shares NAACP Minority Empowerment ETF 35.6 75 -38 4.5 -1.4
PRF Invesco FTSE RAFI US 1000 ETF 35.5 39 -2 7.0 +1.1
RAFE PIMCO RAFI ESG U.S. ETF 35.5 29 8 8.0 +2.1
SCHK Schwab 1000 Index ETF 35.4 5 32 5.3 -0.7
IWB iShares Russell 1000 ETF 35.2 15 22 5.2 -0.8
SPXV ProShares S&P 500 Ex-Health Care ETF 35.2 27 10 5.0 -0.9
IYY iShares Dow Jones U.S. ETF 35.1 20 17 5.2 -0.8
IUSV iShares Core S&P U.S. Value ETF 35.1 4 33 7.7 +1.8
ESG FlexShares STOXX US ESG Impact Index Fund 35.0 32 5 5.1 -0.9
JQUA JPMorgan U.S. Quality Factor ETF 34.8 12 25 5.3 -0.7
ESGU iShares MSCI USA ESG Optimized ETF 34.8 15 22 5.1 -0.8
ROUS Hartford Multifactor US Equity ETF 34.6 19 18 7.5 +1.5
IQSU IQ Candriam ESG US Equity ETF 34.4 9 28 5.0 -0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 34.3 12 25 4.9 -1.1
FLQL Franklin LibertyQ U.S. Equity ETF 34.3 15 22 6.3 +0.4
SPHQ Invesco S&P 500 Quality ETF 34.2 15 22 4.6 -1.3
VTHR Vanguard Russell 3000 Index Fund 34.2 10 27 5.2 -0.8
FVAL Fidelity Value Factor ETF 34.1 29 8 8.1 +2.2
SCHB Schwab U.S. Broad Market ETF 34.0 3 34 5.3 -0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 33.9 3 34 5.2 -0.8
IWV iShares Russell 3000 ETF 33.8 20 17 5.1 -0.9
IUS Invesco Strategic US ETF 33.8 19 18 6.8 +0.9
VTI Vanguard Total Stock Market Index Fund 33.7 3 34 5.2 -0.8
QLV FlexShares US Quality Low Volatility Index Fund 33.7 22 15 4.9 -1.1
CATH Global X S&P 500 Catholic Values Custom ETF 33.6 29 8 5.2 -0.7
JHML John Hancock Multifactor Large Cap ETF 33.4 29 8 5.6 -0.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 33.3 52 -15 5.0 -0.9
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 33.2 49 -12 4.9 -1.0
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 32.8 75 -38 6.2 +0.3
SFY SoFi Select 500 ETF 32.8 0 37 5.2 -0.7
USMV iShares Edge MSCI Min Vol USA ETF 32.6 15 22 5.6 -0.4
ESGV Vanguard ESG U.S. Stock ETF 32.5 12 25 5.2 -0.8
JVAL JPMorgan U.S. Value Factor ETF 32.3 12 25 9.0 +3.1
WOMN Impact Shares YWCA Women's Empowerment ETF 32.3 75 -38 4.5 -1.4
FLLV Franklin Liberty U.S. Low Volatility ETF 31.9 29 8 5.9 -0.1
VIG Vanguard Dividend Appreciation Index Fund 31.8 6 31 5.4 -0.5
EQWL Invesco Russell Top 200 Equal Weight ETF 31.7 25 12 6.2 +0.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 31.6 30 7 6.6 +0.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 31.5 28 9 6.5 +0.6
DSTL Distillate US Fundamental Stability & Value ETF 31.4 39 -2 6.6 +0.6
FDMO Fidelity Momentum Factor ETF 31.2 29 8 3.8 -2.2

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
FlexShares Quality Dividend Defensive Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.0 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 37 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.