FlexShares Quality Dividend Index Fund
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
16.1x P/Sales
ratio
1.5x
P/BV
ratio
3.4x Div.
yield
2.8%


  • 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) $1,296
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) $343,145
Large cap (>$10bn) 89.0%
Mid cap ($2-10bn) 10.8%
Small cap (<$2bn) 0.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 8.4 %
MICROSOFT CORP 4.2 %
JOHNSON & JOHNSON 3.6 %
JPMORGAN CHASE & CO 3.0 %
CISCO SYSTEMS INC 2.6 %
AMGEN INC 2.3 %
PROCTER & GAMBLE CO/THE 2.3 %
WAL-MART STORES INC 2.3 %
HOME DEPOT INC 2.1 %
TEXAS INSTRUMENTS INC 2.0 %
Total 32.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.4 %
IRELAND 0.5 %
BRITAIN 0.3 %








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.
-2.5% 9.4% 9.7% -- 11.7%

Market Correlations
versus... Beta R-squared
S&P500 1.02 95%
MSCI EAFE 1.06 87%
MSCI Emg. Mkts. 0.76 70%

Technical Indicators
Recent close $43.94
30d moving avg. $45.47
Annualized volatility 18.3%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.7%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 63
Turnover 0.2%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $9,038

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™: 7.0%


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 69.6 37 0 7.1 +0.1
QDEF FlexShares Quality Dividend Defensive Index Fund 68.9 37 0 7.0 -0.0
QLC FlexShares US Quality Large Cap Index Fund 51.6 32 5 6.0 -1.0
FDRR Fidelity Dividend ETF for Rising Rates 47.7 29 8 7.7 +0.7
DLN WisdomTree U.S. LargeCap Dividend Fund 45.9 28 9 7.1 +0.1
DIVB iShares U.S. Dividend & Buyback ETF 43.1 25 12 7.3 +0.3
RECS Columbia Research Enhanced Core ETF 42.9 15 22 6.6 -0.4
DTD WisdomTree U.S.Total Dividend Fund 42.9 28 9 7.2 +0.3
EPS WisdomTree U.S. Earnings 500 Fund 41.3 8 29 7.2 +0.2
AFLG First Trust Active Factor Large Cap ETF 40.5 55 -18 6.4 -0.6
DGRO iShares Core Dividend Growth ETF 40.4 8 29 7.0 +0.1
OEF iShares S&P 100 ETF 39.2 20 17 5.9 -1.1
RAFE PIMCO RAFI ESG U.S. ETF 38.8 29 8 7.7 +0.8
OUSA O'Shares FTSE US Quality Dividend ETF 38.8 48 -11 6.6 -0.3
FQAL Fidelity Quality Factor ETF 38.5 29 8 6.3 -0.7
SPHQ Invesco S&P 500 Quality ETF 38.4 15 22 5.3 -1.7
NACP Impact Shares NAACP Minority Empowerment ETF 38.3 75 -38 5.7 -1.3
VYM Vanguard High Dividend Yield Index ETF 37.8 6 31 7.6 +0.6
DGRW WisdomTree U.S. Quality Dividend Growth Fund 37.7 28 9 7.4 +0.4
FDVV Fidelity Core Dividend ETF 37.4 29 8 7.7 +0.7
XLG Invesco S&P 500 Top 50 ETF 37.3 20 17 5.9 -1.1
PFM Invesco Dividend Achievers ETF 37.0 53 -16 5.4 -1.6
IWL iShares Russell Top 200 ETF 36.7 15 22 5.8 -1.2
BKLC BNY Mellon US Large Cap Core Equity ETF 36.6 0 37 6.0 -0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 36.4 25 12 7.4 +0.5
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 36.0 15 22 7.1 +0.2
IQSU IQ Candriam ESG US Equity ETF 36.0 9 28 6.2 -0.8
FLQL Franklin LibertyQ U.S. Equity ETF 36.0 15 22 6.3 -0.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 35.7 20 17 5.7 -1.3
MGC Vanguard Mega Cap Index Fund 35.7 7 30 6.0 -1.0
JQUA JPMorgan U.S. Quality Factor ETF 35.5 12 25 5.7 -1.3
SNPE Xtrackers S&P 500 ESG ETF 35.3 10 27 6.0 -0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 35.0 20 17 6.1 -0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 34.8 19 18 6.8 -0.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 34.8 12 25 5.1 -1.9
SPY SPDR S&P 500 ETF Trust 34.8 9 28 6.1 -0.9
PBP Invesco S&P 500 BuyWrite ETF 34.7 49 -12 5.7 -1.3
SPXE ProShares S&P 500 Ex-Energy ETF 34.7 27 10 6.1 -0.9
QUS SPDR MSCI USA StrategicFactors ETF 34.6 15 22 6.2 -0.8
XYLG Global X S&P 500 Covered Call & Growth ETF 34.5 60 -23 5.7 -1.3
SPLG SPDR Portfolio Large Cap ETF 34.5 3 34 6.1 -0.9
IVV iShares Core S&P 500 ETF 34.3 3 34 6.1 -0.9
VOO VANGUARD S&P 500 ETF 34.3 3 34 6.1 -0.9
HSPX Global X S&P 500 Covered Call ETF 34.3 60 -23 5.5 -1.4
SPQQ Siren Large Cap Blend Index ETF 34.1 20 17 5.3 -1.7
SCHV Schwab U.S. Large-Cap Value ETF 34.1 4 33 7.3 +0.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 34.0 25 12 7.4 +0.4
FVAL Fidelity Value Factor ETF 34.0 29 8 8.6 +1.6
SPXN ProShares S&P 500 Ex-Financials ETF 33.9 27 10 5.8 -1.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 33.9 7 30 6.0 -1.0
MGV Vanguard Mega Cap Value ETF 33.8 7 30 7.3 +0.3
EXT WisdomTree U.S. Total Earnings Fund 33.8 28 9 6.1 -0.9
SPXV ProShares S&P 500 Ex-Health Care ETF 33.7 27 10 5.8 -1.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 33.5 9 28 6.2 -0.8
PBUS Invesco PureBeta MSCI USA ETF 33.5 4 33 6.0 -1.0
ACIO Aptus Collared Income Opportunity ETF 33.4 79 -42 5.2 -1.8
ESGV Vanguard ESG U.S. Stock ETF 33.2 12 25 5.9 -1.1
EDOW First Trust Dow 30 Equal Weight ETF 33.1 50 -13 6.1 -0.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 33.1 60 -23 5.4 -1.6
ESG FlexShares STOXX US ESG Impact Index Fund 33.1 32 5 5.7 -1.3
SCHX Schwab U.S. Large-Cap ETF 32.9 3 34 5.9 -1.0
SPTM SPDR Portfolio Total Stock Market ETF 32.9 3 34 6.2 -0.8
VIG Vanguard Dividend Appreciation Index Fund 32.7 6 31 5.3 -1.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 32.6 52 -15 5.6 -1.4
VV Vanguard Large-Cap Index Fund 32.6 4 33 5.9 -1.1
MMTM SPDR S&P 1500 Momentum Tilt ETF 32.4 12 25 6.2 -0.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 32.2 49 -12 5.7 -1.3
USDY Pacific Global US Equity Income ETF 32.2 29 8 7.2 +0.3
ESGU iShares MSCI USA ESG Optimized ETF 32.2 15 22 5.8 -1.2
PRF Invesco FTSE RAFI US 1000 ETF 32.1 39 -2 7.4 +0.4
SCHK Schwab 1000 Index ETF 32.1 5 32 5.9 -1.1
VTV Vanguard Value Index Fund 32.1 4 33 7.5 +0.5
IWB iShares Russell 1000 ETF 32.0 15 22 5.7 -1.2
IYY iShares Dow Jones U.S. ETF 32.0 20 17 5.8 -1.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 31.9 29 8 6.4 -0.6
ROUS Hartford Multifactor US Equity ETF 31.8 19 18 6.6 -0.4
VONE Vanguard Russell 1000 ETF 31.6 8 29 5.8 -1.2
QLV FlexShares US Quality Low Volatility Index Fund 31.5 22 15 5.4 -1.6
WOMN Impact Shares YWCA Women's Empowerment ETF 31.3 75 -38 5.1 -1.9
DSTL Distillate US Fundamental Stability & Value ETF 31.2 39 -2 7.0 -0.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 31.0 2 35 6.0 -1.0
VTHR Vanguard Russell 3000 Index Fund 31.0 10 27 5.7 -1.3
IUS Invesco Strategic US ETF 31.0 19 18 7.1 +0.1
VOOG Vanguard S&P 500 Growth ETF 30.9 10 27 5.8 -1.2
SCHB Schwab U.S. Broad Market ETF 30.9 3 34 5.8 -1.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 30.8 3 34 5.8 -1.2
IWV iShares Russell 3000 ETF 30.6 20 17 5.6 -1.4
IVW iShares S&P 500 Growth ETF 30.5 18 19 5.7 -1.2
DIA SPDR Dow Jones Industrial Average ETF Trust 30.5 16 21 5.7 -1.2
QUAL iShares MSCI Usa Quality Factor ETF 30.4 15 22 6.0 -1.0
JHML John Hancock Multifactor Large Cap ETF 30.4 29 8 6.0 -1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 30.3 4 33 5.9 -1.1
SYE SPDR MFS Systematic Core Equity ETF 30.1 60 -23 6.6 -0.4
STLG iShares Factors US Growth Style ETF 30.1 25 12 6.1 -0.9
CATH Global X S&P 500 Catholic Values Custom ETF 30.1 29 8 5.9 -1.0
IUSG iShares Core S&P US Growth ETF 30.0 4 33 5.8 -1.2
SFY SoFi Select 500 ETF 29.9 0 37 5.6 -1.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 29.9 10 27 5.3 -1.7
SUSL iShares ESG MSCI USA Leaders ETF 29.9 10 27 5.3 -1.7
TDIV First Trust NASDAQ Technology Dividend Index Fund 29.9 50 -13 7.1 +0.1

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 22.5 %
Divided by: Fwd. P/BV 3.1 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
1.52 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.