FlexShares Quality Dividend Defensive Index Fund
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
16.3x P/Sales
ratio
2.3x
P/BV
ratio
3.8x 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) $432
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 136
Wgt avg mkt cap (mns) $354,471
Large cap (>$10bn) 90.4%
Mid cap ($2-10bn) 9.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 8.3 %
MICROSOFT CORP 4.5 %
JOHNSON & JOHNSON 3.6 %
HOME DEPOT INC 3.4 %
UNITEDHEALTH GROUP INC 3.2 %
WAL-MART STORES INC 3.1 %
JPMORGAN CHASE & CO 3.0 %
CISCO SYSTEMS INC 2.5 %
AMGEN INC 2.3 %
ELI LILLY & CO 2.1 %
Total 35.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.6 %
IRELAND 1.3 %
BRITAIN 0.7 %
BERMUDA 0.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.0% 5.9% 10.1% -- 11.8%

Market Correlations
versus... Beta R-squared
S&P500 0.93 96%
MSCI EAFE 0.95 84%
MSCI Emg. Mkts. 0.68 67%

Technical Indicators
Recent close $43.40
30d moving avg. $44.76
Annualized volatility 16.7%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.6%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 32
Turnover 0.3%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $9,908

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™: 7.0%


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 68.9 37 0 7.0 +0.0
QDYN FlexShares Quality Dividend Dynamic Index Fund 59.1 37 0 7.1 +0.1
FDRR Fidelity Dividend ETF for Rising Rates 52.3 29 8 7.7 +0.7
DLN WisdomTree U.S. LargeCap Dividend Fund 51.9 28 9 7.1 +0.1
DTD WisdomTree U.S.Total Dividend Fund 49.6 28 9 7.2 +0.3
OUSA O'Shares FTSE US Quality Dividend ETF 46.6 48 -11 6.6 -0.3
QLC FlexShares US Quality Large Cap Index Fund 45.0 32 5 6.0 -1.0
EPS WisdomTree U.S. Earnings 500 Fund 43.7 8 29 7.2 +0.3
DIVB iShares U.S. Dividend & Buyback ETF 43.4 25 12 7.3 +0.3
DGRO iShares Core Dividend Growth ETF 43.0 8 29 7.0 +0.1
RECS Columbia Research Enhanced Core ETF 42.9 15 22 6.6 -0.4
OEF iShares S&P 100 ETF 42.7 20 17 5.9 -1.1
FQAL Fidelity Quality Factor ETF 42.1 29 8 6.3 -0.7
XLG Invesco S&P 500 Top 50 ETF 41.7 20 17 5.9 -1.1
VYM Vanguard High Dividend Yield Index ETF 41.4 6 31 7.6 +0.6
AFLG First Trust Active Factor Large Cap ETF 40.9 55 -18 6.4 -0.6
PFM Invesco Dividend Achievers ETF 40.6 53 -16 5.4 -1.6
IWL iShares Russell Top 200 ETF 40.3 15 22 5.8 -1.2
BKLC BNY Mellon US Large Cap Core Equity ETF 40.3 0 37 6.0 -0.9
MGC Vanguard Mega Cap Index Fund 39.2 7 30 6.0 -1.0
FDVV Fidelity Core Dividend ETF 39.2 29 8 7.7 +0.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 39.0 25 12 7.4 +0.5
QUS SPDR MSCI USA StrategicFactors ETF 38.7 15 22 6.2 -0.7
FLQL Franklin LibertyQ U.S. Equity ETF 38.5 15 22 6.3 -0.7
NACP Impact Shares NAACP Minority Empowerment ETF 38.4 75 -38 5.7 -1.3
SPY SPDR S&P 500 ETF Trust 38.3 9 28 6.1 -0.9
PBP Invesco S&P 500 BuyWrite ETF 38.3 49 -12 5.7 -1.3
SNPE Xtrackers S&P 500 ESG ETF 38.2 10 27 6.0 -0.9
MGV Vanguard Mega Cap Value ETF 38.2 7 30 7.3 +0.4
XYLG Global X S&P 500 Covered Call & Growth ETF 38.1 60 -23 5.7 -1.3
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 38.1 12 25 5.1 -1.9
SPXE ProShares S&P 500 Ex-Energy ETF 38.1 27 10 6.1 -0.9
SPXN ProShares S&P 500 Ex-Financials ETF 38.0 27 10 5.8 -1.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 38.0 20 17 6.1 -0.9
SPLG SPDR Portfolio Large Cap ETF 38.0 3 34 6.1 -0.9
SCHV Schwab U.S. Large-Cap Value ETF 38.0 4 33 7.3 +0.3
VOO VANGUARD S&P 500 ETF 37.8 3 34 6.1 -0.8
HSPX Global X S&P 500 Covered Call ETF 37.8 60 -23 5.5 -1.4
IVV iShares Core S&P 500 ETF 37.8 3 34 6.1 -0.8
EDOW First Trust Dow 30 Equal Weight ETF 37.8 50 -13 6.1 -0.9
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 37.6 15 22 7.1 +0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 37.4 7 30 6.0 -1.0
IQSU IQ Candriam ESG US Equity ETF 37.4 9 28 6.2 -0.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 37.4 20 17 5.7 -1.3
PBUS Invesco PureBeta MSCI USA ETF 37.1 4 33 6.0 -1.0
USDY Pacific Global US Equity Income ETF 37.1 29 8 7.2 +0.3
RAFE PIMCO RAFI ESG U.S. ETF 36.8 29 8 7.7 +0.8
FNDB Schwab Fundamental U.S. Broad Market Index ETF 36.7 25 12 7.4 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 36.4 3 34 6.2 -0.8
SCHX Schwab U.S. Large-Cap ETF 36.4 3 34 5.9 -1.0
JQUA JPMorgan U.S. Quality Factor ETF 36.4 12 25 5.7 -1.3
VTV Vanguard Value Index Fund 36.4 4 33 7.5 +0.6
IVE iShares S&P 500 Value ETF 36.3 18 19 7.4 +0.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 36.3 9 28 6.2 -0.7
VOOV Vanguard S&P 500 Value ETF 36.3 10 27 7.4 +0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 36.2 27 10 5.8 -1.2
SPYV SPDR Portfolio S&P 500 Value ETF 36.1 4 33 7.5 +0.5
VV Vanguard Large-Cap Index Fund 36.0 4 33 5.9 -1.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 35.9 28 9 7.4 +0.4
ESG FlexShares STOXX US ESG Impact Index Fund 35.8 32 5 5.7 -1.3
SCHK Schwab 1000 Index ETF 35.6 5 32 5.9 -1.1
ESGV Vanguard ESG U.S. Stock ETF 35.6 12 25 5.9 -1.1
IWB iShares Russell 1000 ETF 35.6 15 22 5.7 -1.2
PRF Invesco FTSE RAFI US 1000 ETF 35.5 39 -2 7.4 +0.4
IYY iShares Dow Jones U.S. ETF 35.5 20 17 5.8 -1.2
DIA SPDR Dow Jones Industrial Average ETF Trust 35.3 16 21 5.7 -1.2
ACIO Aptus Collared Income Opportunity ETF 35.2 79 -42 5.2 -1.8
MMTM SPDR S&P 1500 Momentum Tilt ETF 35.2 12 25 6.2 -0.7
ROUS Hartford Multifactor US Equity ETF 35.2 19 18 6.6 -0.4
VONE Vanguard Russell 1000 ETF 35.0 8 29 5.8 -1.2
FVAL Fidelity Value Factor ETF 34.9 29 8 8.6 +1.6
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 34.9 29 8 6.4 -0.6
XOUT GraniteShares XOUT U.S. Large Cap ETF 34.9 60 -23 5.4 -1.6
IUSV iShares Core S&P U.S. Value ETF 34.6 4 33 7.6 +0.6
VTHR Vanguard Russell 3000 Index Fund 34.4 10 27 5.7 -1.3
ESGU iShares MSCI USA ESG Optimized ETF 34.3 15 22 5.8 -1.2
QLV FlexShares US Quality Low Volatility Index Fund 34.3 22 15 5.4 -1.5
SCHB Schwab U.S. Broad Market ETF 34.3 3 34 5.8 -1.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 34.3 2 35 6.0 -1.0
IWX iShares Russell Top 200 Value ETF 34.3 20 17 6.9 -0.1
SPQQ Siren Large Cap Blend Index ETF 34.2 20 17 5.3 -1.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 34.2 3 34 5.8 -1.2
FDLO Fidelity Low Volatility Factor ETF 34.1 29 8 5.2 -1.8
JKF iShares Morningstar Large Cap Value ETF 34.1 25 12 7.8 +0.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 34.1 19 18 6.8 -0.2
IWV iShares Russell 3000 ETF 34.0 20 17 5.6 -1.4
SPHQ Invesco S&P 500 Quality ETF 33.7 15 22 5.3 -1.7
CATH Global X S&P 500 Catholic Values Custom ETF 33.7 29 8 5.9 -1.0
WOMN Impact Shares YWCA Women's Empowerment ETF 33.6 75 -38 5.1 -1.8
IUS Invesco Strategic US ETF 33.3 19 18 7.1 +0.2
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 33.3 49 -12 5.7 -1.3
USMV iShares Edge MSCI Min Vol USA ETF 33.2 15 22 5.6 -1.4
SFY SoFi Select 500 ETF 33.1 0 37 5.6 -1.4
JHML John Hancock Multifactor Large Cap ETF 33.0 29 8 6.0 -1.0
RFDA RiverFront Dynamic US Dividend Advantage ETF 32.8 52 -15 5.6 -1.4
EXT WisdomTree U.S. Total Earnings Fund 32.7 28 9 6.1 -0.9
DSTL Distillate US Fundamental Stability & Value ETF 32.6 39 -2 7.0 -0.0
VTI Vanguard Total Stock Market Index Fund 32.6 3 34 5.7 -1.3
VIG Vanguard Dividend Appreciation Index Fund 32.6 6 31 5.3 -1.7
EQWL Invesco Russell Top 200 Equal Weight ETF 31.8 25 12 6.3 -0.7

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 25.3 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 37 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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