FlexShares Quality Dividend Defensive Index Fund
ALTAR
Score™
5.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
19.6x P/Sales
ratio
2.5x
P/BV
ratio
4.6x Div.
yield
2.4%


  • 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) $468
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 132
Wgt avg mkt cap (mns) $419,354
Large cap (>$10bn) 87.5%
Mid cap ($2-10bn) 12.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 8.4 %
MICROSOFT CORP 4.2 %
JPMORGAN CHASE & CO 3.9 %
JOHNSON & JOHNSON 3.7 %
UNITEDHEALTH GROUP INC 3.3 %
HOME DEPOT INC 3.2 %
WAL-MART STORES INC 2.8 %
CISCO SYSTEMS INC 2.6 %
ELI LILLY & CO 2.2 %
TEXAS INSTRUMENTS INC 2.1 %
Total 36.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.7 %
IRELAND 1.4 %
BRITAIN 0.7 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.1% 3.1% 10.8% -- 12.1%

Market Correlations
versus... Beta R-squared
S&P500 0.92 97%
MSCI EAFE 0.86 84%
MSCI Emg. Mkts. 0.69 68%

Technical Indicators
Recent close $48.48
30d moving avg. $47.74
Annualized volatility 17.6%
Short interest (ETF) 0.2%
Short interest (Underlying) 3.6%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 33
Turnover 0.3%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $70,055

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 5.6%


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 72.0 37 0 5.6 -0.0
QDYN FlexShares Quality Dividend Dynamic Index Fund 59.1 37 0 5.4 -0.2
DLN WisdomTree U.S. LargeCap Dividend Fund 47.3 28 9 6.2 +0.6
FDRR Fidelity Dividend ETF for Rising Rates 45.8 29 8 6.0 +0.5
OUSA O'Shares FTSE US Quality Dividend ETF 45.6 48 -11 5.5 -0.1
DTD WisdomTree U.S.Total Dividend Fund 45.1 28 9 6.3 +0.7
QLC FlexShares US Quality Large Cap Index Fund 45.1 32 5 4.5 -1.1
FQAL Fidelity Quality Factor ETF 39.8 29 8 5.1 -0.5
EPS WisdomTree U.S. Earnings 500 Fund 39.4 8 29 6.0 +0.4
DGRO iShares Core Dividend Growth ETF 38.4 8 29 6.0 +0.4
RECS Columbia Research Enhanced Core ETF 38.2 15 22 5.2 -0.4
DIVB iShares U.S. Dividend & Buyback ETF 38.1 25 12 5.9 +0.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 37.9 28 9 6.1 +0.5
ESGV Vanguard ESG U.S. Stock ETF 37.4 12 25 4.6 -1.0
FLQL Franklin LibertyQ U.S. Equity ETF 36.9 15 22 6.0 +0.4
OEF iShares S&P 100 ETF 36.5 20 17 4.3 -1.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 36.4 15 22 5.8 +0.2
XLG Invesco S&P 500 Top 50 ETF 36.3 20 17 4.2 -1.4
AFLG First Trust Active Factor Large Cap ETF 36.2 55 -18 4.8 -0.8
VYM Vanguard High Dividend Yield Index ETF 36.2 6 31 6.6 +1.0
SPHQ Invesco S&P 500 Quality ETF 35.6 15 22 4.5 -1.1
IWL iShares Russell Top 200 ETF 35.4 15 22 4.5 -1.1
PFM Invesco Dividend Achievers ETF 35.2 53 -16 5.1 -0.5
FLRG Fidelity U.S. Multifactor ETF 35.1 29 8 6.0 +0.4
MGC Vanguard Mega Cap Index Fund 35.1 7 30 4.7 -0.9
NACP Impact Shares NAACP Minority Empowerment ETF 34.9 49 -12 4.8 -0.8
QUS SPDR MSCI USA StrategicFactors ETF 34.8 15 22 5.3 -0.3
IQSU IQ Candriam ESG US Equity ETF 34.8 9 28 4.6 -1.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 34.7 60 -23 3.7 -1.9
FDVV Fidelity Core Dividend ETF 34.6 29 8 6.1 +0.5
BKLC BNY Mellon US Large Cap Core Equity ETF 34.5 0 37 4.6 -1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 34.1 20 17 4.9 -0.7
EFIV SPDR S&P 500 ESG ETF 33.8 10 27 4.7 -0.9
SNPE Xtrackers S&P 500 ESG ETF 33.8 10 27 4.7 -0.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 33.7 12 25 5.0 -0.6
PBP Invesco S&P 500 BuyWrite ETF 33.7 49 -12 4.4 -1.2
JQUA JPMorgan U.S. Quality Factor ETF 33.6 12 25 5.1 -0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 33.5 20 17 4.7 -0.9
SPXE ProShares S&P 500 Ex-Energy ETF 33.5 27 10 4.7 -0.9
MGV Vanguard Mega Cap Value ETF 33.5 7 30 6.4 +0.9
JCTR JPMorgan Carbon Transition U.S. Equity ETF 33.5 15 22 4.7 -0.9
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 33.5 9 28 4.9 -0.7
ACIO Aptus Collared Income Opportunity ETF 33.4 79 -42 3.9 -1.7
XYLG Global X S&P 500 Covered Call & Growth ETF 33.4 60 -23 4.4 -1.2
EDOW First Trust Dow 30 Equal Weight ETF 33.3 50 -13 5.2 -0.4
VOO VANGUARD S&P 500 ETF 33.3 3 34 4.9 -0.7
SPY SPDR S&P 500 ETF Trust 33.1 9 28 4.8 -0.8
SPLG SPDR Portfolio Large Cap ETF 33.1 3 34 4.8 -0.8
IVV iShares Core S&P 500 ETF 33.1 3 34 4.8 -0.8
SPXN ProShares S&P 500 Ex-Financials ETF 33.0 27 10 4.5 -1.1
ESG FlexShares STOXX US ESG Impact Index Fund 32.7 32 5 4.6 -1.0
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 32.5 7 30 4.6 -1.0
FMK First Trust Mega Cap AlphaDEX Fund 32.5 70 -33 5.0 -0.6
VOOV Vanguard S&P 500 Value ETF 32.4 10 27 6.6 +1.0
PBUS Invesco PureBeta MSCI USA ETF 32.0 4 33 4.7 -0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 31.7 12 25 4.1 -1.5
QUAL iShares MSCI Usa Quality Factor ETF 31.6 15 22 5.1 -0.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 31.5 52 -15 5.0 -0.6
SPXV ProShares S&P 500 Ex-Health Care ETF 31.5 27 10 4.4 -1.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 31.4 2 35 4.7 -0.9
VV Vanguard Large-Cap Index Fund 31.4 4 33 4.7 -0.9
ROUS Hartford Multifactor US Equity ETF 31.4 19 18 5.9 +0.3
DIA SPDR Dow Jones Industrial Average ETF Trust 31.3 16 21 5.0 -0.6
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 31.2 19 18 5.4 -0.2
VIG Vanguard Dividend Appreciation Index Fund 31.1 6 31 5.0 -0.6
SPTM SPDR Portfolio Total Stock Market ETF 31.1 3 34 4.9 -0.7
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 31.0 49 -12 4.1 -1.5
USMV iShares Edge MSCI Min Vol USA ETF 31.0 15 22 5.4 -0.2
VTV Vanguard Value Index Fund 31.0 4 33 6.5 +0.9
SCHX Schwab U.S. Large-Cap ETF 30.9 3 34 4.6 -1.0
STLC iShares Factors US Blend Style ETF 30.8 25 12 4.9 -0.7
FDLO Fidelity Low Volatility Factor ETF 30.5 29 8 5.0 -0.6
IWB iShares Russell 1000 ETF 30.5 15 22 4.6 -1.0
JKF iShares Morningstar Large Cap Value ETF 30.5 25 12 6.6 +1.0
SCHK Schwab 1000 Index ETF 30.4 5 32 4.7 -0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 30.4 25 12 5.8 +0.2
QLV FlexShares US Quality Low Volatility Index Fund 30.4 22 15 4.4 -1.2
IYY iShares Dow Jones U.S. ETF 30.1 20 17 4.5 -1.1
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 30.0 35 2 6.7 +1.1
ESGU iShares MSCI USA ESG Optimized ETF 29.7 15 22 4.5 -1.1
RESP WisdomTree US ESG Fund of Benef Interest 29.7 28 9 5.2 -0.4
VTHR Vanguard Russell 3000 Index Fund 29.7 10 27 4.5 -1.1
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 29.7 49 -12 3.5 -2.1
RAFE PIMCO RAFI ESG U.S. ETF 29.6 30 7 6.7 +1.1
ADME Aptus Drawdown Managed Equity ETF 29.5 79 -42 3.2 -2.4
SFY SoFi Select 500 ETF 29.4 0 37 4.6 -1.0
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 29.2 30 7 5.1 -0.5
DFAU Dimensional US Core Equity Market ETF 29.2 12 25 4.7 -0.9
VOOG Vanguard S&P 500 Growth ETF 29.1 10 27 4.1 -1.5
IWX iShares Russell Top 200 Value ETF 29.1 20 17 6.0 +0.4
FVAL Fidelity Value Factor ETF 29.1 29 8 6.9 +1.3
CATH Global X S&P 500 Catholic Values Custom ETF 29.0 29 8 4.7 -0.9
IWV iShares Russell 3000 ETF 28.9 20 17 4.4 -1.2
KVLE KFA Value Liner Dynamic Core Equity Index ETF 28.7 56 -19 5.7 +0.1
HIPR Direxion High Growth ETF 28.7 40 -3 4.0 -1.6
RFFC RiverFront Dynamic US Flex-Cap ETF 28.7 52 -15 4.5 -1.1
SCHB Schwab U.S. Broad Market ETF 28.7 3 34 4.5 -1.1
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 28.7 75 -38 5.3 -0.3

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:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 23.8 %
Divided by: Fwd. P/BV 4.0 x
Less: Expense ratio 37 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.49
 
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.