FlexShares Quality Dividend Dynamic Index Fund
ALTAR
Score™
5.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.4x P/Sales
ratio
2.1x
P/BV
ratio
3.9x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
FlexShares Quality Dividend Dynamic 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) $16
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 142
Wgt avg mkt cap (mns) $402,236
Large cap (>$10bn) 84.7%
Mid cap ($2-10bn) 14.8%
Small cap (<$2bn) 0.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 8.3 %
MICROSOFT CORP 4.6 %
JOHNSON & JOHNSON 3.6 %
JPMORGAN CHASE & CO 3.5 %
THERMO FISHER SCIENTIFIC INC 2.6 %
CISCO SYSTEMS INC 2.5 %
TEXAS INSTRUMENTS INC 2.1 %
AMGEN INC 1.9 %
CITIGROUP INC 1.7 %
LOWE'S COS INC 1.7 %
Total 32.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.3 %
IRELAND 1.4 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
10.2% 10.2% 12.1% -- 12.5%

Market Correlations
versus... Beta R-squared
S&P500 1.11 97%
MSCI EAFE 1.06 88%
MSCI Emg. Mkts. 0.87 75%

Technical Indicators
Recent close $53.44
30d moving avg. $51.51
Annualized volatility 21.2%
Short interest (ETF) 0.2%
Short interest (Underlying) 3.5%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $76,719

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the FlexShares Quality Dividend Dynamic Index Fund ETF based on the alternatives' overlap in portfolio holdings with QDYN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QDYN Expense: 37 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QDYN
Ticker Fund
Name
Overlap1
vs QDYN
(%)
Expense
ratio
(bp)
Savings
vs QDYN
(bp)
ALTAR
Score™
(%)
ALTAR
vs QDYN
(%)
QDF FlexShares Quality Dividend Index Fund 68.0 37 0 5.5 +0.2
QDEF FlexShares Quality Dividend Defensive Index Fund 59.9 37 0 5.5 +0.2
FDRR Fidelity Dividend ETF for Rising Rates 45.9 29 8 6.0 +0.7
QLC FlexShares US Quality Large Cap Index Fund 45.4 32 5 4.4 -0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 44.1 28 9 6.1 +0.9
DTD WisdomTree U.S.Total Dividend Fund 42.6 28 9 6.2 +1.0
DIVB iShares U.S. Dividend & Buyback ETF 41.9 25 12 5.9 +0.6
RECS Columbia Research Enhanced Core ETF 40.1 15 22 5.1 -0.2
EPS WisdomTree U.S. Earnings 500 Fund 39.9 8 29 5.9 +0.6
DGRO iShares Core Dividend Growth ETF 39.1 8 29 6.0 +0.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 38.9 28 9 6.0 +0.7
ESGV Vanguard ESG U.S. Stock ETF 38.9 12 25 4.5 -0.8
NACP Impact Shares NAACP Minority Empowerment ETF 37.6 49 -12 4.7 -0.6
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 37.4 15 22 5.8 +0.5
OEF iShares S&P 100 ETF 37.1 20 17 4.2 -1.1
OUSA O'Shares FTSE US Quality Dividend ETF 37.0 48 -11 5.5 +0.2
EFIV SPDR S&P 500 ESG ETF 36.7 10 27 4.6 -0.7
SNPE Xtrackers S&P 500 ESG ETF 36.7 10 27 4.6 -0.7
FQAL Fidelity Quality Factor ETF 36.6 29 8 5.0 -0.3
IWL iShares Russell Top 200 ETF 36.5 15 22 4.4 -0.9
BKLC BNY Mellon US Large Cap Core Equity ETF 36.4 0 37 4.5 -0.8
SPHQ Invesco S&P 500 Quality ETF 36.3 15 22 4.4 -0.9
MGC Vanguard Mega Cap Index Fund 36.3 7 30 4.6 -0.7
IQSU IQ Candriam ESG US Equity ETF 36.0 9 28 4.5 -0.8
FDVV Fidelity Core Dividend ETF 36.0 29 8 6.1 +0.8
JCTR JPMorgan Carbon Transition U.S. Equity ETF 35.9 15 22 4.6 -0.7
PBP Invesco S&P 500 BuyWrite ETF 35.7 49 -12 4.3 -1.0
VYM Vanguard High Dividend Yield Index ETF 35.5 6 31 6.6 +1.3
XYLG Global X S&P 500 Covered Call & Growth ETF 35.4 60 -23 4.4 -0.9
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 35.3 20 17 4.8 -0.5
XLG Invesco S&P 500 Top 50 ETF 35.2 20 17 4.1 -1.2
VOO VANGUARD S&P 500 ETF 35.0 3 34 4.8 -0.5
SPY SPDR S&P 500 ETF Trust 34.9 9 28 4.7 -0.6
IVV iShares Core S&P 500 ETF 34.8 3 34 4.7 -0.6
SPLG SPDR Portfolio Large Cap ETF 34.8 3 34 4.7 -0.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 34.7 20 17 4.6 -0.7
SPXE ProShares S&P 500 Ex-Energy ETF 34.3 27 10 4.6 -0.7
SPXN ProShares S&P 500 Ex-Financials ETF 34.3 27 10 4.3 -0.9
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 34.2 7 30 4.5 -0.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 34.2 60 -23 3.6 -1.7
FLQL Franklin LibertyQ U.S. Equity ETF 34.2 15 22 5.9 +0.6
XVV iShares ESG Screened S&P 500 ETF 34.2 8 29 4.9 -0.4
ESG FlexShares STOXX US ESG Impact Index Fund 34.1 32 5 4.4 -0.8
RAFE PIMCO RAFI ESG U.S. ETF 34.0 30 7 6.6 +1.4
AFLG First Trust Active Factor Large Cap ETF 33.9 55 -18 4.7 -0.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 33.8 9 28 4.8 -0.5
ACIO Aptus Collared Income Opportunity ETF 33.7 79 -42 3.8 -1.5
PBUS Invesco PureBeta MSCI USA ETF 33.6 4 33 4.6 -0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 33.4 49 -12 3.4 -1.9
BBUS JP Morgan Betabuilders U.S. Equity ETF 33.3 2 35 4.6 -0.7
FNDX Schwab Fundamental U.S. Large Co. Index ETF 33.3 25 12 5.7 +0.5
VV Vanguard Large-Cap Index Fund 33.1 4 33 4.6 -0.7
SPXV ProShares S&P 500 Ex-Health Care ETF 33.0 27 10 4.3 -1.0
SPTM SPDR Portfolio Total Stock Market ETF 32.9 3 34 4.8 -0.5
ESGU iShares MSCI USA ESG Optimized ETF 32.8 15 22 4.4 -0.9
MMTM SPDR S&P 1500 Momentum Tilt ETF 32.8 12 25 4.0 -1.3
SCHX Schwab U.S. Large-Cap ETF 32.7 3 34 4.5 -0.7
RESP WisdomTree US ESG Fund of Benef Interest 32.5 28 9 5.0 -0.3
IWB iShares Russell 1000 ETF 32.4 15 22 4.4 -0.8
SCHK Schwab 1000 Index ETF 32.3 5 32 4.6 -0.7
STLC iShares Factors US Blend Style ETF 32.2 25 12 4.8 -0.5
FVAL Fidelity Value Factor ETF 32.0 29 8 6.8 +1.5
IYY iShares Dow Jones U.S. ETF 32.0 20 17 4.4 -0.9
VOOG Vanguard S&P 500 Growth ETF 31.9 10 27 3.9 -1.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 31.6 19 18 5.3 -0.0
VTHR Vanguard Russell 3000 Index Fund 31.4 10 27 4.4 -0.9
DFAU Dimensional US Core Equity Market ETF 31.3 12 25 4.7 -0.6
PRF Invesco FTSE RAFI US 1000 ETF 31.2 39 -2 5.8 +0.5
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 31.1 12 25 4.9 -0.4
FNDB Schwab Fundamental U.S. Broad Market Index ETF 31.1 25 12 5.7 +0.4
PFM Invesco Dividend Achievers ETF 30.9 53 -16 5.0 -0.3
JHML John Hancock Multifactor Large Cap ETF 30.8 29 8 4.8 -0.5
QUAL iShares MSCI Usa Quality Factor ETF 30.7 15 22 5.0 -0.3
FLRG Fidelity U.S. Multifactor ETF 30.7 29 8 5.9 +0.6
HLAL Wahed FTSE USA Shariah ETF 30.7 50 -13 3.8 -1.5
JVAL JPMorgan U.S. Value Factor ETF 30.6 12 25 7.1 +1.8
IWV iShares Russell 3000 ETF 30.5 20 17 4.3 -1.0
SCHB Schwab U.S. Broad Market ETF 30.4 3 34 4.4 -0.8
CATH Global X S&P 500 Catholic Values Custom ETF 30.3 29 8 4.5 -0.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 30.2 3 34 4.4 -0.9
VONE Vanguard Russell 1000 ETF 30.2 8 29 4.5 -0.7
QUS SPDR MSCI USA StrategicFactors ETF 30.2 15 22 5.2 -0.0
SPYG SPDR Portfolio S&P 500 Growth ETF 29.9 4 33 3.7 -1.6
IVW iShares S&P 500 Growth ETF 29.9 18 19 3.5 -1.8
JQUA JPMorgan U.S. Quality Factor ETF 29.9 12 25 5.0 -0.3
HIPR Direxion High Growth ETF 29.9 40 -3 3.8 -1.5
VTV Vanguard Value Index Fund 29.8 4 33 6.5 +1.2
EQWL Invesco Russell Top 200 Equal Weight ETF 29.8 25 12 5.6 +0.3
KRMA Global X Conscious Companies ETF 29.7 43 -6 4.8 -0.5
IUSG iShares Core S&P US Growth ETF 29.7 4 33 3.7 -1.6
MGV Vanguard Mega Cap Value ETF 29.7 7 30 6.4 +1.2
VTI Vanguard Total Stock Market Index Fund 29.7 3 34 4.4 -0.9
IUS Invesco Strategic US ETF 29.7 19 18 5.4 +0.2
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 29.2 30 7 5.0 -0.2
SCHV Schwab U.S. Large-Cap Value ETF 29.1 4 33 6.0 +0.8
ROUS Hartford Multifactor US Equity ETF 29.1 19 18 5.8 +0.6
SFY SoFi Select 500 ETF 29.1 0 37 4.5 -0.8

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 Dynamic 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 19.4 %
Divided by: Fwd. P/BV 3.4 x
Less: Expense ratio 37 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.49
 
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.