FlexShares Quality Dividend Dynamic Index Fund
ALTAR
Score™
6.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
17.7x P/Sales
ratio
1.8x
P/BV
ratio
2.7x Div.
yield
3.4%


  • 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) $17
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) $294,494
Large cap (>$10bn) 81.6%
Mid cap ($2-10bn) 17.1%
Small cap (<$2bn) 1.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 8.0 %
MICROSOFT CORP 5.1 %
HOME DEPOT INC 3.9 %
CISCO SYSTEMS INC 3.7 %
JPMORGAN CHASE & CO 3.2 %
AT&T INC 3.1 %
CHEVRON CORP 3.0 %
ABBVIE INC 2.9 %
JOHNSON & JOHNSON 2.9 %
PFIZER INC 2.6 %
Total 38.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.8 %
IRELAND 1.8 %
BRITAIN 0.2 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-12.6% 4.7% 5.6% -- 10.1%

Market Correlations
versus... Beta R-squared
S&P500 1.12 95%
MSCI EAFE 1.16 87%
MSCI Emg. Mkts. 0.85 72%

Technical Indicators
Recent close $41.95
30d moving avg. $39.14
Annualized volatility 19.5%
Short interest (ETF) 0.0%
Short interest (Underlying) 3.5%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.8%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $75,215

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 6.8%


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 74.6 37 0 6.9 +0.1
QDEF FlexShares Quality Dividend Defensive Index Fund 57.7 37 0 6.3 -0.6
FDRR Fidelity Dividend ETF for Rising Rates 46.6 29 8 7.1 +0.2
DLN WisdomTree U.S. LargeCap Dividend Fund 43.8 28 9 6.4 -0.5
DIVB iShares U.S. Dividend & Buyback ETF 43.0 25 12 6.5 -0.3
QLC FlexShares US Quality Large Cap Index Fund 42.8 32 5 5.6 -1.3
OUSA O'Shares FTSE US Quality Dividend ETF 41.5 48 -11 5.7 -1.1
DTD WisdomTree U.S.Total Dividend Fund 40.5 28 9 6.6 -0.2
DGRO iShares Core Dividend Growth ETF 39.7 8 29 6.5 -0.3
RECS Columbia Research Enhanced Core ETF 38.7 15 22 5.7 -1.1
RAFE PIMCO RAFI ESG U.S. ETF 38.1 29 8 7.7 +0.9
XLG Invesco S&P 500 Top 50 ETF 38.1 20 17 4.7 -2.2
OEF iShares S&P 100 ETF 37.9 20 17 5.0 -1.9
FDVV Fidelity Core Dividend ETF 37.7 29 8 7.3 +0.5
VYM Vanguard High Dividend Yield Index ETF 37.2 6 31 7.2 +0.4
JKF iShares Morningstar Large Cap Value ETF 36.4 25 12 7.7 +0.8
EPS WisdomTree U.S. Earnings 500 Fund 36.1 8 29 6.5 -0.3
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 35.9 15 22 6.4 -0.5
QVM Arrow QVM Equity Factor ETF 35.7 65 -28 5.1 -1.8
FVAL Fidelity Value Factor ETF 35.7 29 8 8.1 +1.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 35.6 25 12 6.6 -0.3
DIA SPDR Dow Jones Industrial Average ETF Trust 35.4 16 21 5.6 -1.2
HDIV QRAFT AI-Enhanced U.S. High Dividend ETF 35.3 75 -38 6.1 -0.8
IUS Invesco Strategic US ETF 35.0 19 18 6.2 -0.6
FQAL Fidelity Quality Factor ETF 34.8 29 8 5.5 -1.4
USDY Pacific Global US Equity Income ETF 34.7 29 8 7.7 +0.9
AFLG First Trust Active Factor Large Cap ETF 34.5 55 -18 5.6 -1.2
IWL iShares Russell Top 200 ETF 34.3 15 22 5.2 -1.7
EDOW First Trust Dow 30 Equal Weight ETF 34.1 50 -13 5.8 -1.0
PBP Invesco S&P 500 BuyWrite ETF 33.8 49 -12 5.1 -1.8
NACP Impact Shares NAACP Minority Empowerment ETF 33.8 75 -38 4.6 -2.2
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 33.6 19 18 5.7 -1.2
FNDB Schwab Fundamental U.S. Broad Market Index ETF 33.6 25 12 6.6 -0.3
SNPE Xtrackers S&P 500 ESG ETF 33.5 11 26 5.2 -1.6
MGC Vanguard Mega Cap Index Fund 33.5 7 30 5.3 -1.5
HSPX Global X S&P 500 Covered Call ETF 33.4 65 -28 5.0 -1.9
SPHQ Invesco S&P 500 Quality ETF 33.4 15 22 5.2 -1.7
JVAL JPMorgan U.S. Value Factor ETF 33.0 12 25 8.8 +2.0
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 33.0 49 -12 4.2 -2.7
DJD Invesco Dow Jones Industrial Average Dividend ETF 32.2 7 30 6.7 -0.2
SPXN ProShares S&P 500 Ex-Financials ETF 32.1 27 10 5.1 -1.7
SCHV Schwab U.S. Large-Cap Value ETF 32.0 4 33 7.1 +0.3
SPLG SPDR Portfolio Large Cap ETF 31.9 3 34 5.5 -1.3
IVV iShares Core S&P 500 ETF 31.9 4 33 5.5 -1.3
SPY SPDR S&P 500 ETF Trust 31.9 9 28 5.5 -1.4
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 31.8 20 17 5.1 -1.8
OMFL Oppenheimer Russell 1000 Dynamic Multifactor ETF 31.7 29 8 4.3 -2.5
VOO VANGUARD S&P 500 ETF 31.7 3 34 5.5 -1.3
EXT WisdomTree U.S. Total Earnings Fund 31.6 28 9 5.8 -1.0
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 31.5 20 17 5.5 -1.3
PBUS Invesco PureBeta MSCI USA ETF 31.5 4 33 5.4 -1.4
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 31.4 12 25 4.9 -2.0
SPXE ProShares S&P 500 Ex-Energy ETF 31.2 27 10 5.4 -1.4
VV Vanguard Large-Cap Index Fund 31.1 4 33 5.4 -1.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 31.0 2 35 5.4 -1.4
PRF Invesco FTSE RAFI US 1000 ETF 30.9 39 -2 6.8 -0.0
ESGU iShares MSCI USA ESG Optimized ETF 30.9 15 22 5.2 -1.7
DHS WisdomTree U.S. High Dividend Fund 30.7 38 -1 8.5 +1.6
SCHX Schwab U.S. Large-Cap ETF 30.7 3 34 5.4 -1.4
SPTM SPDR Portfolio Total Stock Market ETF 30.5 3 34 5.6 -1.2
MGV Vanguard Mega Cap Value ETF 30.5 7 30 7.2 +0.3
IQSU IQ Candriam ESG US Equity ETF 30.3 9 28 5.3 -1.6
IWB iShares Russell 1000 ETF 30.2 15 22 5.3 -1.6
ESG FlexShares STOXX US ESG Impact Index Fund 30.2 32 5 5.2 -1.6
ACIO Aptus Collared Income Opportunity ETF 30.1 79 -42 4.5 -2.3
DGRW WisdomTree U.S. Quality Dividend Growth Fund 30.1 28 9 6.6 -0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 30.1 27 10 5.2 -1.7
SCHK Schwab 1000 Index ETF 30.0 5 32 5.4 -1.5
VONE Vanguard Russell 1000 ETF 29.9 8 29 5.4 -1.5
XOUT GraniteShares XOUT U.S. Large Cap ETF 29.8 60 -23 4.5 -2.3
VTV Vanguard Value Index Fund 29.8 4 33 7.3 +0.5
IYY iShares Dow Jones U.S. ETF 29.8 20 17 5.3 -1.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 29.7 38 -1 7.9 +1.1
JQUA JPMorgan U.S. Quality Factor ETF 29.7 12 25 5.3 -1.6
DSTL Distillate US Fundamental Stability & Value ETF 29.3 39 -2 6.5 -0.4
RNDV US Equity Dividend Select ETF 29.3 50 -13 7.8 +1.0
PFM Invesco Dividend Achievers ETF 29.2 54 -17 5.4 -1.5
IOO iShares Global 100 ETF 29.2 40 -3 4.9 -1.9
QUS SPDR MSCI USA StrategicFactors ETF 29.2 15 22 5.9 -1.0
MMTM SPDR S&P 1500 Momentum Tilt ETF 29.0 12 25 5.1 -1.7
RFDA RiverFront Dynamic US Dividend Advantage ETF 29.0 52 -15 6.0 -0.8
PWV Invesco Dynamic Large Cap Value ETF 28.9 55 -18 8.3 +1.4
WOMN Impact Shares YWCA Women's Empowerment ETF 28.8 75 -38 4.6 -2.3
SCHB Schwab U.S. Broad Market ETF 28.8 3 34 5.4 -1.5
ITOT iShares Core S&P Total U.S. Stock Market ETF 28.7 3 34 5.3 -1.6
IWV iShares Russell 3000 ETF 28.7 20 17 5.2 -1.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 28.5 9 28 5.6 -1.2
VTI Vanguard Total Stock Market Index Fund 28.5 3 34 5.3 -1.6
VTHR Vanguard Russell 3000 Index Fund 28.5 10 27 5.3 -1.6
FLQL Franklin LibertyQ U.S. Equity ETF 28.5 15 22 6.3 -0.5
ESGV Vanguard ESG U.S. Stock ETF 28.2 12 25 5.3 -1.5
KRMA Global X Conscious Companies ETF 28.1 43 -6 5.3 -1.6
TDIV First Trust NASDAQ Technology Dividend Index Fund 28.0 50 -13 5.8 -1.0
VALQ American Century STOXX U.S. Quality Value ETF 27.9 29 8 8.9 +2.0
IWY iShares Russell Top 200 Growth ETF 27.8 20 17 4.3 -2.5
CATH Global X S&P 500 Catholic Values Custom ETF 27.8 29 8 5.3 -1.5
ROUS Hartford Multifactor US Equity ETF 27.6 19 18 7.2 +0.4
SPYG SPDR Portfolio S&P 500 Growth ETF 27.5 4 33 4.5 -2.4
IVW iShares S&P 500 Growth ETF 27.5 18 19 4.3 -2.5
VOOG Vanguard S&P 500 Growth ETF 27.5 10 27 4.4 -2.4

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:

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 18.5 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 37 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.53
 
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.