QDF
FlexShares Quality Dividend Index Fund
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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
1.9 B
ASSETS UNDER MGMT
37 bp
EXPENSES
Fund Basics
| Fund sponsor | Northern Trust Investments Inc |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 14, 2012 |
| Assets (mns) | $1,872 |
| Expense ratio | 37 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 9.3 % |
| MICROSOFT CORP | 5.3 % |
| NVIDIA CORP | 4.8 % |
| JOHNSON & JOHNSON | 3.3 % |
| PROCTER & GAMBLE CO/THE | 3.2 % |
| ABBVIE INC | 3.2 % |
| COCA-COLA CO/THE | 2.7 % |
| META PLATFORMS INC | 2.5 % |
| ACCENTURE PLC-CL A | 1.9 % |
| CISCO SYSTEMS INC | 1.9 % |
Constituent Breakdown
| Number of holdings | 134 |
| Herfindahl-Hirschman Index | 237 |
| Wgt avg mkt cap (mns) | $791,485 |
| Large cap (>$10bn) | 87.9% |
| Mid cap ($2-10bn) | 11.8% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.1 % |
 |
IRELAND | 1.9 % |
 |
BRITAIN | 1.5 % |
 |
PUERTO RICO | 0.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 16.1% | 32.3% | 19.0% | 9.1% | 11.6% | 10.1% | 12.2% | Volatility | 11.4% | 11.6% | 13.4% | 16.0% | 20.6% | 17.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 94% |
| MSCI EAFE | 0.85 | 79% |
| MSCI Emg Mkts | 0.64 | 43% |
Liquidity Measures
| Avg. volume (000) | 25 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $128,296 |
Technical Indicators
| Recent close | $71.42 |
| 30d moving avg. | $71.53 |
| Annualized volatility | 16.8% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 1.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QDF |
Expenses vs. QDF |
ALTAR Score™ vs. QDF |
|---|---|---|---|---|
| QDEF | FlexShares Quality Dividend Defensive Index Fund | 68.1% | 0 bp | -0.3% |
| QLC | FlexShares US Quality Large Cap Index Fund | 48.6% | -12 bp | +1.2% |
| DGRW | WisdomTree US Quality Dividend Growth Fund | 46.0% | -9 bp | +1.8% |
| FQAL | Fidelity Quality Factor ETF | 43.7% | -22 bp | +1.7% |
| VSLU | Applied Finance Valuation Large Cap ETF | 43.6% | +12 bp | +1.4% |
| OEF | iShares S&P 100 ETF | 42.1% | -17 bp | +0.6% |
| RECS | Columbia Research Enhanced Core ETF | 41.5% | -22 bp | +1.3% |
| USNZ | Xtrackers Net Zero Pathway Paris Aligned US Equity ETF | 41.5% | -27 bp | +1.2% |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 41.2% | -9 bp | +1.6% |
| MGC | Vanguard Mega Cap ETF | 40.4% | -30 bp | +0.7% |
Risk and Returns: QDF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
QDF
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
QDF
4.2%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. QDF's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places QDF in the 30rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QDFSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| QDF (37 bp) Percentile rank | 39 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QDF | 37.0 | 4.7 | 41.7 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .