FlexShares Quality Dividend
ALTAR
Score™
7.2% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.7x 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) $1,724
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 124
Wgt avg mkt cap (mns) $207,483
Large cap (>$10bn) 80.9%
Mid cap ($2-10bn) 19.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JPMORGAN CHASE & CO 4.5 %
MICROSOFT CORP 3.6 %
JOHNSON & JOHNSON 3.4 %
APPLE INC 3.2 %
PEPSICO INC 3.0 %
HOME DEPOT INC 2.9 %
CISCO SYSTEMS INC 2.5 %
AMGEN INC 2.3 %
BROADCOM INC. 2.2 %
CHEVRON CORP 2.1 %
Total 29.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.3 %
IRELAND 1.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
22.0% 10.9% 8.7% -- 13.0%

Market Correlations
versus... Beta R-squared
S&P500 0.98 92%
MSCI EAFE 0.90 65%
MSCI Emg. Mkts. 0.60 46%

Technical Indicators
Recent close $47.30
30d moving avg. $47.10
Annualized volatility 12.4%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.7%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 55
Turnover 0.2%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $49,024

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the FlexShares Quality Dividend 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™: 7.2%


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 63.6 37 0 6.8 -0.4
QDEF FlexShares Quality Dividend Defensive 56.7 37 0 6.5 -0.7
QLC FlexShares US Quality Large Cap 44.1 32 5 6.6 -0.6
DLN WisdomTree Large Cap Dividend 43.5 28 9 6.5 -0.6
FDRR Fidelity Dividend for Rising Rates 43.1 29 8 7.8 +0.7
DGRO iShares Core Dividend Growth 42.8 8 29 6.5 -0.7
OYLD Invesco Russell 1000 Yield Factor ETF 42.5 19 18 7.1 -0.1
OUSA O'Shares FTSE U.S. Quality Dividend 41.8 48 -11 6.0 -1.2
VYM Vanguard High Dividend Yield ETF 41.5 6 31 7.2 +0.1
DIVB iShares U.S. Dividend & Buyback 41.1 25 12 6.7 -0.5
DTD WisdomTree Total Dividend 40.6 28 9 6.6 -0.5
USDY Pacific Global US Equity Income 39.0 29 8 7.5 +0.3
RECS Columbia Research Enhanced Core 38.7 15 22 5.9 -1.3
RFDA RiverFront Dynamic US Dividend Advantage 38.3 52 -15 6.5 -0.6
XLG Invesco S&P Top 50 37.9 20 17 5.2 -2.0
USMC Principal U.S. Mega-Cap Multi-Factor Index 37.8 12 25 5.4 -1.7
FDVV Fidelity Core Dividend 37.6 29 8 7.3 +0.2
FVAL Fidelity Value Factor 37.4 29 8 8.1 +1.0
OEF iShares S&P 100 36.4 20 17 5.5 -1.7
REVS Columbia Research Enhanced Value 35.5 19 18 7.2 +0.0

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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
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 20.3 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 37 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 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.