FlexShares Quality Dividend Index Fund
ALTAR
Score™
7.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
13.7x P/Sales
ratio
1.3x
P/BV
ratio
2.7x Div.
yield
3.3%


  • 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) $1,702
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 131
Wgt avg mkt cap (mns) $233,622
Large cap (>$10bn) 81.3%
Mid cap ($2-10bn) 18.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JPMORGAN CHASE & CO 4.5 %
MICROSOFT CORP 4.2 %
APPLE INC 3.9 %
JOHNSON & JOHNSON 3.7 %
PEPSICO INC 3.1 %
CISCO SYSTEMS INC 2.9 %
CHEVRON CORP 2.6 %
AMGEN INC 2.2 %
PHILIP MORRIS INTERNATIONAL 2.2 %
ABBVIE INC 2.1 %
Total 31.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.4 %
IRELAND 1.3 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.9% 13.7% 9.3% -- 12.7%

Market Correlations
versus... Beta R-squared
S&P500 0.99 91%
MSCI EAFE 0.94 68%
MSCI Emg. Mkts. 0.61 50%

Technical Indicators
Recent close $47.01
30d moving avg. $48.62
Annualized volatility 12.6%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.7%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 74
Turnover 0.2%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $53,887

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 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™: 7.5%


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 67.0 37 0 7.3 -0.2
QDEF FlexShares Quality Dividend Defensive Index Fund 56.4 37 0 6.4 -1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 43.0 28 9 6.7 -0.8
FDRR Fidelity Dividend ETF for Rising Rates 42.6 29 8 7.6 +0.1
OYLD Invesco Russell 1000 Yield Factor ETF 42.5 19 18 7.4 -0.1
OUSA O'Shares FTSE US Quality Dividend ETF 41.2 48 -11 6.1 -1.4
QLC FlexShares US Quality Large Cap Index Fund 41.1 32 5 6.3 -1.2
DGRO iShares Core Dividend Growth ETF 40.7 8 29 6.6 -0.9
DIVB iShares U.S. Dividend & Buyback ETF 40.6 25 12 6.9 -0.5
VYM Vanguard High Dividend Yield Index ETF 40.4 6 31 7.4 -0.1
DTD WisdomTree U.S.Total Dividend Fund 39.9 28 9 6.8 -0.7
OVOL Invesco Russell 1000 Low Volatility Factor ETF 38.3 19 18 6.6 -0.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 37.9 12 25 5.4 -2.0
FVAL Fidelity Value Factor ETF 37.6 29 8 8.1 +0.6
RAFE PIMCO RAFI ESG U.S. ETF 37.2 29 8 8.2 +0.7
FDVV Fidelity Core Dividend ETF 37.0 29 8 7.2 -0.3
USDY Pacific Global US Equity Income ETF 36.9 29 8 7.7 +0.3
EPS WisdomTree U.S. Earnings 500 Fund 36.9 8 29 7.0 -0.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 36.6 52 -15 6.5 -0.9
OEF iShares S&P 100 ETF 36.4 20 17 5.5 -2.0

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:

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 20.6 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 37 bp
Equals: ALTAR Score 7.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.56
 
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.