FlexShares Quality Dividend Index Fund
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.9x P/Sales
ratio
1.4x
P/BV
ratio
3.0x Div.
yield
3.1%


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

FUND BASICS
Category US Equities
Fund Sponsor Northern Trust Investments Inc
Website www.flexshares.com
Inception date Dec 14, 2012
Assets (mns) $1,311
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 129
Wgt avg mkt cap (mns) $302,221
Large cap (>$10bn) 85.9%
Mid cap ($2-10bn) 13.2%
Small cap (<$2bn) 0.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 7.8 %
MICROSOFT CORP 4.8 %
JOHNSON & JOHNSON 3.6 %
CISCO SYSTEMS INC 3.1 %
JPMORGAN CHASE & CO 2.9 %
AMGEN INC 2.6 %
CHEVRON CORP 2.5 %
COMCAST CORP-CL A 2.2 %
WAL-MART STORES INC 2.2 %
TEXAS INSTRUMENTS INC 2.1 %
Total 33.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.6 %
IRELAND 1.0 %









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.
-11.5% -2.6% 6.8% -- 10.5%

Market Correlations
versus... Beta R-squared
S&P500 1.04 95%
MSCI EAFE 1.06 86%
MSCI Emg. Mkts. 0.75 68%

Technical Indicators
Recent close $42.30
30d moving avg. $42.66
Annualized volatility 18.0%
Short interest (ETF) 0.2%
Short interest (Underlying) 3.7%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 124
Turnover 0.4%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $89,662

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: QDF Expense: 37 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QDF
Ticker Fund
Name
Overlap1
vs QDF
(%)
Expense
ratio
(bp)
Savings
vs QDF
(bp)
ALTAR
Score™
(%)
ALTAR
vs QDF
(%)
QDYN FlexShares Quality Dividend Dynamic Index Fund 72.2 37 0 6.3 +0.1
QDEF FlexShares Quality Dividend Defensive Index Fund 66.7 37 0 5.9 -0.3
QLC FlexShares US Quality Large Cap Index Fund 53.7 32 5 5.4 -0.8
DLN WisdomTree U.S. LargeCap Dividend Fund 46.9 28 9 6.5 +0.3
FDRR Fidelity Dividend ETF for Rising Rates 46.9 29 8 7.1 +0.9
DIVB iShares U.S. Dividend & Buyback ETF 45.0 25 12 6.7 +0.5
DTD WisdomTree U.S.Total Dividend Fund 44.4 28 9 6.8 +0.6
RECS Columbia Research Enhanced Core ETF 42.8 15 22 5.7 -0.6
AFLG First Trust Active Factor Large Cap ETF 42.6 55 -18 5.6 -0.7
EPS WisdomTree U.S. Earnings 500 Fund 42.4 8 29 6.6 +0.3
VYM Vanguard High Dividend Yield Index ETF 41.8 6 31 7.6 +1.3
SPHQ Invesco S&P 500 Quality ETF 41.1 15 22 4.6 -1.6
FDVV Fidelity Core Dividend ETF 40.8 29 8 7.3 +1.1
DGRO iShares Core Dividend Growth ETF 40.5 8 29 6.8 +0.6
OEF iShares S&P 100 ETF 40.0 20 17 4.8 -1.5
OUSA O'Shares FTSE US Quality Dividend ETF 39.4 48 -11 5.7 -0.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 39.2 15 22 6.2 -0.0
RAFE PIMCO RAFI ESG U.S. ETF 39.2 29 8 8.0 +1.8
FNDX Schwab Fundamental U.S. Large Co. Index ETF 38.5 25 12 6.7 +0.5
FQAL Fidelity Quality Factor ETF 38.1 29 8 5.5 -0.7
XLG Invesco S&P 500 Top 50 ETF 37.7 20 17 4.4 -1.8
FVAL Fidelity Value Factor ETF 37.7 29 8 8.1 +1.9
BKLC BNY Mellon US Large Cap Core Equity ETF 37.4 0 37 5.2 -1.0
IWL iShares Russell Top 200 ETF 37.3 15 22 5.0 -1.2
MGC Vanguard Mega Cap Index Fund 37.2 7 30 5.2 -1.0
SCHV Schwab U.S. Large-Cap Value ETF 37.0 4 33 7.4 +1.1
SNPE Xtrackers S&P 500 ESG ETF 36.9 11 26 5.1 -1.1
NACP Impact Shares NAACP Minority Empowerment ETF 36.7 75 -38 4.5 -1.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 36.4 28 9 6.5 +0.3
USDY Pacific Global US Equity Income ETF 36.4 29 8 7.5 +1.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 36.3 25 12 6.7 +0.5
PBP Invesco S&P 500 BuyWrite ETF 36.2 49 -12 5.0 -1.2
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 35.9 20 17 4.9 -1.3
PFM Invesco Dividend Achievers ETF 35.8 54 -17 5.5 -0.7
MGV Vanguard Mega Cap Value ETF 35.8 7 30 7.5 +1.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 35.7 12 25 4.8 -1.5
VOO VANGUARD S&P 500 ETF 35.7 3 34 5.4 -0.8
FLQL Franklin LibertyQ U.S. Equity ETF 35.6 15 22 6.3 +0.1
SPY SPDR S&P 500 ETF Trust 35.6 9 28 5.4 -0.9
SPLG SPDR Portfolio Large Cap ETF 35.6 3 34 5.4 -0.8
IVV iShares Core S&P 500 ETF 35.5 4 33 5.4 -0.8
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 35.5 19 18 5.7 -0.5
JVAL JPMorgan U.S. Value Factor ETF 35.4 12 25 9.0 +2.8
HSPX Global X S&P 500 Covered Call ETF 35.3 65 -28 4.9 -1.4
DIA SPDR Dow Jones Industrial Average ETF Trust 35.3 16 21 5.7 -0.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 35.3 20 17 5.4 -0.9
SPXE ProShares S&P 500 Ex-Energy ETF 35.3 27 10 5.3 -0.9
JQUA JPMorgan U.S. Quality Factor ETF 35.1 12 25 5.3 -1.0
VTV Vanguard Value Index Fund 35.1 4 33 7.6 +1.4
SPXN ProShares S&P 500 Ex-Financials ETF 35.1 27 10 5.0 -1.3
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 35.0 7 30 5.2 -1.0
IQSU IQ Candriam ESG US Equity ETF 34.9 9 28 5.0 -1.2
ACIO Aptus Collared Income Opportunity ETF 34.8 79 -42 4.4 -1.9
QUS SPDR MSCI USA StrategicFactors ETF 34.6 15 22 5.9 -0.3
VV Vanguard Large-Cap Index Fund 34.4 4 33 5.3 -1.0
PBUS Invesco PureBeta MSCI USA ETF 34.4 4 33 5.3 -0.9
PRF Invesco FTSE RAFI US 1000 ETF 34.3 39 -2 7.0 +0.8
ESGU iShares MSCI USA ESG Optimized ETF 34.3 15 22 5.1 -1.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 34.2 9 28 5.5 -0.7
JKF iShares Morningstar Large Cap Value ETF 34.2 25 12 7.8 +1.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 34.2 52 -15 5.0 -1.2
BBUS JP Morgan Betabuilders U.S. Equity ETF 34.1 2 35 5.3 -0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 34.1 12 25 4.9 -1.3
SPTM SPDR Portfolio Total Stock Market ETF 33.8 3 34 5.5 -0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 33.7 27 10 5.0 -1.2
SCHX Schwab U.S. Large-Cap ETF 33.6 3 34 5.3 -0.9
KRMA Global X Conscious Companies ETF 33.6 43 -6 5.2 -1.0
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 33.4 75 -38 6.2 +0.0
IUS Invesco Strategic US ETF 33.4 19 18 6.8 +0.6
WOMN Impact Shares YWCA Women's Empowerment ETF 33.4 75 -38 4.5 -1.7
ESG FlexShares STOXX US ESG Impact Index Fund 33.3 32 5 5.1 -1.2
VONE Vanguard Russell 1000 ETF 33.2 8 29 5.3 -1.0
EDOW First Trust Dow 30 Equal Weight ETF 33.0 50 -13 6.1 -0.1
SCHK Schwab 1000 Index ETF 32.9 5 32 5.3 -0.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 32.9 29 8 6.3 +0.1
EQWL Invesco Russell Top 200 Equal Weight ETF 32.8 25 12 6.2 -0.0
IWB iShares Russell 1000 ETF 32.8 15 22 5.2 -1.0
IYY iShares Dow Jones U.S. ETF 32.7 20 17 5.2 -1.1
ROUS Hartford Multifactor US Equity ETF 32.6 19 18 7.5 +1.2
EXT WisdomTree U.S. Total Earnings Fund 32.3 28 9 5.2 -1.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 32.2 49 -12 4.1 -2.2
VTHR Vanguard Russell 3000 Index Fund 31.8 10 27 5.2 -1.1
JHML John Hancock Multifactor Large Cap ETF 31.8 29 8 5.6 -0.6
FCPI Fidelity Stocks for Inflation ETF 31.7 29 8 7.0 +0.8
SCHB Schwab U.S. Broad Market ETF 31.7 3 34 5.3 -1.0
DSTL Distillate US Fundamental Stability & Value ETF 31.6 39 -2 6.6 +0.4
ITOT iShares Core S&P Total U.S. Stock Market ETF 31.6 3 34 5.2 -1.0
IWV iShares Russell 3000 ETF 31.5 20 17 5.1 -1.2
VTI Vanguard Total Stock Market Index Fund 31.4 3 34 5.2 -1.0
CATH Global X S&P 500 Catholic Values Custom ETF 31.3 29 8 5.2 -1.0
ESGV Vanguard ESG U.S. Stock ETF 31.3 12 25 5.2 -1.1
XOUT GraniteShares XOUT U.S. Large Cap ETF 31.2 60 -23 4.3 -1.9
FDLO Fidelity Low Volatility Factor ETF 31.0 29 8 5.2 -1.1
SPYV SPDR Portfolio S&P 500 Value ETF 31.0 4 33 7.6 +1.4
IVE iShares S&P 500 Value ETF 30.9 18 19 7.5 +1.3
IWX iShares Russell Top 200 Value ETF 30.9 20 17 7.3 +1.1
QUAL iShares MSCI Usa Quality Factor ETF 30.9 15 22 5.4 -0.8
VOOV Vanguard S&P 500 Value ETF 30.8 15 22 7.6 +1.3
SFY SoFi Select 500 ETF 30.8 0 37 5.2 -1.0
VALQ American Century STOXX U.S. Quality Value ETF 30.7 29 8 9.4 +3.2

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 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 18.9 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 37 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 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.