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FlexShares Quality Dividend Defensive Index Fund

QDEF seeks to provide exposure to the long-term growth potential of U.S. securities while providing dividend payments. It is intended as a core stock market option that also helps investors try to meet their income needs. The strategy applies a proprietary scoring model approach that determines a "quality factor" and an optimization process that seeks to maximize this factor, target a beta lower than the Parent Index (Northern Trust 1250) and improve on the Parent Index's dividend yield. If occurring, dividends from net investment income are generally declared and paid quarterly. Distributions of net realized securities gains, if any, are generally declared and paid once a year, but the Fund may make such distributions on a more frequent basis.

Fund Facts

as of 04/24/2014
Inception12/14/2012
CUSIP33939L845
Total Net Assets$ 59,404,513.92
Shares Outstanding1,800,001
# of Holdings194
Gross Expense Ratio.38%
Net Expense Ratio*.37%
Index ProviderNORTHERN TRUST
Primary ExchangeNYSE
Options AvailableN
MarginableY
Derivative UseY
Securities LendingN
*NTI has contractually agreed to reimburse the fees and expenses of the Fund’s independent trustees and independent legal counsel until March 1, 2015.

Tickers

ETF TickerQDEF
Related IndexNTUQDDF
NAVQDEF.NV
IOPVQDEF.IV
Shares OutstandingQDEF.SO
Estimated CashQDEF.EU
Total CashQDEF.TC

Fund Characteristics

 as of 04/24/2014
SEC Subsidized Yield* (as of 03/31/2014)2.87%
SEC Unsubsidized Yield**
 (as of 03/31/2014)
2.87%
Distribution Yield***2.69%
Weighted Average Dividend Yield***3.24%
Weighted Average Market Cap94,627,511,487.78
Weighted Average Beta.90
Price to Earnings (as of 03/31/2014)19.13
Price to Book  (as of 03/31/2014)4.19
Price to Cash Flow  (as of 03/31/2014)11.57
Price to Sales  (as of 03/31/2014)2.23
View Standardized Performance
*SEC Subsidized Yield
The 30-Day SEC Subsidized Yield is computed under an SEC standardized formula based on net income earned over the past 30 days. It is a "subsidized" yield, which means it includes contractual expense reimbursements and it would be lower without those reimbursements. It may also include an inflation adjustment that can cause the yield to vary substantially from one month to the next.
**SEC Unsubsidized Yield
The 30-Day SEC Unsubsidized Yield calculation is also computed under the same SEC standardized formula based on net income earned over the past 30 days, but excludes contractual expense reimbursements, resulting in a lower yield. It may also include an inflation adjustment that can cause the yield to vary substantially from one month to the next.
***Distribution Yield
This yield is calculated by taking the most recent distribution annualized and dividing by the fund NAV from the as of date. For Funds that distribute quarterly, an NA will be displayed if the fund has not distributed within the last 95 days.
****Weighted Average Dividend Yield
For a portfolio of equities, this is the sum of the dividend yield of the underlying securities weighed by its market value with respect to the total market value of the portfolio.

Market Cap (%)

as of 04/24/2014
Large-Cap75.01
Mid-Cap24.99
Total100.00

Style (%)

as of 04/24/2014
Value57.87
Core34.92
Growth7.21
Total100.00

SECTOR ALLOCATIONS

Sector Allocations

Performance information presented on this website is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale an investment may be worth more or worth less than its original value. For most recent month end performance please call 1-855-353-9383 (1-855-FlexETF). All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 12/19/2012, when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent FlexShares fund performance. It is not possible to invest directly in an index.

Month End Performance (%)

as of 03/31/2014
 1 MonthQTDYTD1 YearSince Inception
12/14/2012
Market Price1.951.991.9918.8826.20
NAV1.891.891.8918.8926.14
Northern Trust Quality Dividend Defensive Index (NTUQDDFT)2.002.082.0819.2026.55
Dow Jones US Select Dividend Total Return Index (DJDVY)2.773.753.7519.7925.86

Quarter End Performance (%)

as of 03/31/2014
 1 MonthQTDYTD1 YearSince Inception
12/14/2012
Market Price1.951.991.9918.8826.20
NAV1.891.891.8918.8926.14
Northern Trust Quality Dividend Defensive Index (NTUQDDFT)2.002.082.0819.2026.55
Dow Jones US Select Dividend Total Return Index (DJDVY)2.773.753.7519.7925.86
Performance information presented on this website is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale an investment may be worth more or worth less than its original value. For most recent month end performance please call 1-855-353-9383 (1-855-FlexETF). All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to 12/19/2012, when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent FlexShares fund performance. It is not possible to invest directly in an index.

Expense Ratios

as of 04/24/2014
Gross Expense Ratio.38%
Net Expense Ratio*.37%
*NTI has contractually agreed to reimburse the fees and expenses of the Fund’s independent trustees and independent legal counsel until March 1, 2015.


Definitions

  • Net Asset Value (NAV)
    NAV is a fund’s price per share, which is calculated by dividing the total value of all the securities in the fund’s portfolio plus cash, interest and receivables less any liabilities by the number of fund shares outstanding.
  • Market Price
    Because ETFs trade like stocks, ETF shares trade at market value on the secondary market, which can be a dollar value above (trading at a premium) or below (trading at a discount) the fund’s NAV.

Market Price

as of 04/24/2014
Price$32.93
Price $ Change$-.10
Price % Change-.30%
Avg Bid/Ask Spread$.15
Bid/Ask Midpoint$32.98
Closing Bid Price$32.91
Closing Ask Price$33.04

Trading

as of 04/24/2014
52-Week High$33.14
52-Week Low$28.24
Premium/Discount$-.03
Daily Trading Volume (Shares)16,977
Average Trading Volume (Shares)5,453
Shares Outstanding1,800,001

NAV Price

as of 04/24/2014
Price$33.00
Price $ Change$ .00
Price % Change .00%

TOP TEN HOLDINGS

as of 04/24/2014
NameTickerFund
Weight %
SectorMarket CapCountry
EXXON MOBIL CORP COMMON STOCK USD 0XOM4.5300EnergyLarge-CapUnited States
MERCK & CO INC(NEW) COM STK USD0.50MRK3.2542Health CareLarge-CapUnited States
PFIZER INC USD0.05PFE3.1460Health CareLarge-CapUnited States
WELLS FARGO & CO COM STK USD1 2/3WFC2.4403FinancialsLarge-CapUnited States
BOEING CO/THE COMMON STOCK USD 5BA2.2925IndustrialsLarge-CapUnited States
CONOCOPHILLIPS USD0.01COP1.9384EnergyLarge-CapUnited States
APPLE INC NPVAAPL1.9076Information TechnologyLarge-CapUnited States
CISCO SYSTEMS INC USD0.001CSCO1.7593Information TechnologyLarge-CapUnited States
ALTRIA GROUP INC USD0.333MO1.7088Consumer StaplesLarge-CapUnited States
VERIZON COMMUNICATIONS INC COMMON STOCK USD 0.1VZ1.6807Telecommunication ServicesLarge-CapUnited States
DU PONT(E.I.)DE NEMOURS & CO USD0.30DD1.5619MaterialsLarge-CapUnited States
CHEVRON CORP USD0.75CVX1.4958EnergyLarge-CapUnited States
TEXAS INSTRUMENTS INC USD1TXN1.3975Information TechnologyLarge-CapUnited States
ACCENTURE PLC CLS'A'USD0.0000225ACN1.2900Information TechnologyLarge-CapUnited States
WAL-MART STORES INC USD0.10WMT1.2868Consumer StaplesLarge-CapUnited States
AT&T INC USD1T1.2719Telecommunication ServicesLarge-CapUnited States
UNITED PARCEL SERVICE INC USD0.01 BUPS1.2593IndustrialsLarge-CapUnited States
HOME DEPOT INC USD0.05HD1.1305Consumer DiscretionaryLarge-CapUnited States
LOCKHEED MARTIN CORP USD1LMT1.1234IndustrialsLarge-CapUnited States
JOHNSON & JOHNSON COMMON STOCK USD 1JNJ1.1022Health CareLarge-CapUnited States
LYONDELLBASELL INDUSTRIES NV COMMON STOCK USDLYB1.0003MaterialsLarge-CapUnited States
PHILIP MORRIS INTERNATIONAL INC NPVPM0.9767Consumer StaplesLarge-CapUnited States
PEPSICO INC CAP STK USD0.0166PEP0.9482Consumer StaplesLarge-CapUnited States
KIMBERLY-CLARK CORP USD1.25KMB0.8458Consumer StaplesLarge-CapUnited States
RAYTHEON CO USD0.01RTN0.8145IndustrialsLarge-CapUnited States
MCDONALD'S CORP USD0.01MCD0.7959Consumer DiscretionaryLarge-CapUnited States
JPMORGAN CHASE & CO COMMON STOCK USD 1JPM0.7843FinancialsLarge-CapUnited States
GENERAL ELECTRIC CO. USD0.06GE0.7451IndustrialsLarge-CapUnited States
LORILLARD INC USD0.01LO0.7232Consumer StaplesLarge-CapUnited States
PUBLIC SERVICE ENTERPRISE GROUP INC NPVPEG0.7179UtilitiesLarge-CapUnited States
PROCTER & GAMBLE CO NPVPG0.6766Consumer StaplesLarge-CapUnited States
SEAGATE TECHNOLOGY PLC USD0.00001STX0.6689Information TechnologyLarge-CapUnited States
NORTHROP GRUMMAN CORP USD1NOC0.6661IndustrialsLarge-CapUnited States
HEWLETT-PACKARD CO USD0.01HPQ0.6656Information TechnologyLarge-CapUnited States
REYNOLDS AMERICAN INC COM STK USD0.0001RAI0.6622Consumer StaplesLarge-CapUnited States
CARDINAL HEALTH INC NPVCAH0.6559Health CareLarge-CapUnited States
FOOT LOCKER INC USD0.01FL0.6511Consumer DiscretionaryLarge-CapUnited States
DR PEPPER SNAPPLE GROUP INC USD0.01DPS0.6510Consumer StaplesLarge-CapUnited States
AGL RESOURCES USD5GAS0.6413UtilitiesMid-CapUnited States
CLOROX CO USD1CLX0.6288Consumer StaplesLarge-CapUnited States
ANNALY CAPITAL MANAGEMENT INC USD0.01 ANLY0.6284FinancialsLarge-CapUnited States
FRONTIER COMMUNICATIONS CORP USD0.25 BFTR0.6216Telecommunication ServicesMid-CapUnited States
SYSCO CORP USD1SYY0.6181Consumer StaplesLarge-CapUnited States
CMS ENERGY CORP USD0.01CMS0.6175UtilitiesLarge-CapUnited States
TRAVELERS COS INC/THETRV0.6169FinancialsLarge-CapUnited States
HELMERICH & PAYNE INC USD0.10HP0.6145EnergyLarge-CapUnited States
LINEAR TECHNOLOGY CORP NPVLLTC0.6126Information TechnologyLarge-CapUnited States
FIDELITY NATIONAL INFO SERVICES INC USD0.01FIS0.6067Information TechnologyLarge-CapUnited States
RPC INC USD0.10RES0.6040EnergyMid-CapUnited States
LILLY(ELI)& CO NPVLLY0.6004Health CareLarge-CapUnited States
EPR PROPERTIES SBI USD0.01EPR0.5885FinancialsMid-CapUnited States
OLIN CORP USD1OLN0.5885MaterialsMid-CapUnited States
VECTREN CORP COM NPVVVC0.5879UtilitiesMid-CapUnited States
LEXMARK INTERNATIONAL INC USD0.01 ALXK0.5840Information TechnologyMid-CapUnited States
FIDELITY NATIONAL FINANCIAL INC USD0.0001 AFNF0.5730FinancialsLarge-CapUnited States
WESTERN DIGITAL CORP USD0.01WDC0.5678Information TechnologyLarge-CapUnited States
WINDSTREAM HOLDINGS INC USD0.0001WIN0.5656Telecommunication ServicesMid-CapUnited States
SONOCO PRODUCTS CO NPVSON0.5607MaterialsMid-CapUnited States
BROADRIDGE FINANCIAL SOL NPVBR0.5479Information TechnologyMid-CapUnited States
UIL HOLDINGS CORP NPVUIL0.5470UtilitiesMid-CapUnited States
DELTA AIR LINES INC USD0.01DAL0.5441IndustrialsLarge-CapUnited States
GAMESTOP CORPORATION NEW CLASS 'A' COM USD0.001GME0.5441Consumer DiscretionaryMid-CapUnited States
WESTERN REFINING INC USD0.01WNR0.5432EnergyMid-CapUnited States
BRINKER INTERNATIONAL USD0.10EAT0.5397Consumer DiscretionaryMid-CapUnited States
PACKAGING CORP OF AMERICA USD0.01PKG0.5386MaterialsLarge-CapUnited States
PINNACLE WEST CAPITAL CORP USD2.50PNW0.5370UtilitiesMid-CapUnited States
DOMINOS PIZZA INC USD0.01DPZ0.5321Consumer DiscretionaryMid-CapUnited States
EVEREST RE GROUP USD0.01RE0.5243FinancialsLarge-CapUnited States
INTERNATIONAL BUSINESS MACHINES CORP COMMON STOCKIBM0.5229Information TechnologyLarge-CapUnited States
SAFEWAY INC USD0.01SWY0.5227Consumer StaplesLarge-CapUnited States
DONNELLEY(R.R.)& SONS CO USD1.25RRD0.5196IndustrialsMid-CapUnited States
CENTERPOINT ENERGY INC COM STK NPVCNP0.5183UtilitiesLarge-CapUnited States
HARRIS CORP USD1HRS0.5178Information TechnologyLarge-CapUnited States
BOOZ ALLEN HAMILTON HLDG CORP USD0.01BAH0.5110Information TechnologyMid-CapUnited States
RENT-A-CENTER INC USD0.01RCII0.5099Consumer DiscretionaryMid-CapUnited States
HOSPITALITY PROPERTIES TRUST USD0.01HPT0.5092FinancialsMid-CapUnited States
OMEGA HEALTHCARE INVESTORS USD0.10OHI0.5080FinancialsMid-CapUnited States
ENTERGY CORP USD0.01ETR0.5061UtilitiesLarge-CapUnited States
BEST BUY CO INC USD0.10BBY0.4958Consumer DiscretionaryLarge-CapUnited States
DIGITAL REALTY TRUST INC USD0.01DLR0.4924FinancialsLarge-CapUnited States
GEO GROUP INC COM USD0.01GEO0.4918FinancialsMid-CapUnited States
PARTNERRE USD1PRE0.4904FinancialsMid-CapUnited States
BANK OF AMERICA CORP USD0.01BAC0.4751FinancialsLarge-CapUnited States
WELLPOINT INC COM STK USD0.01WLP0.4747Health CareLarge-CapUnited States
ASSURANT INC USD0.01AIZ0.4657FinancialsMid-CapUnited States
BLOCK(H & R) INC NPVHRB0.4622Consumer DiscretionaryLarge-CapUnited States
PROASSURANCE CORP COM STK USD0.01PRA0.4469FinancialsMid-CapUnited States
BANK OF HAWAII CORP USD2BOH0.4423FinancialsMid-CapUnited States
CA INC USD0.10CA0.4398Information TechnologyLarge-CapUnited States
CVR ENERGY INC USD0.01CVI0.4387EnergyMid-CapUnited States
WP CAREY INC REIT USD 0.001WPC0.4327FinancialsMid-CapUnited States
KOHLS CORP USD0.01KSS0.4296Consumer DiscretionaryLarge-CapUnited States
TIME WARNER CABLE INC USD0.01TWC0.4160Consumer DiscretionaryLarge-CapUnited States
MARSH & MCLENNAN COS INC COM USD1MMC0.3970FinancialsLarge-CapUnited States
HOLLYFRONTIER CORP USD0.01HFC0.3819EnergyLarge-CapUnited States
SENIOR HOUSING PROPERTIES TRUST SHS OF BENEFICIALSNH0.3640FinancialsMid-CapUnited States
SLM CORP COM STK USD0.20SLM0.3634FinancialsLarge-CapUnited States
CORRECTIONS CORPORATIONS OF AMERICA COM USD0.01CXW0.3447FinancialsMid-CapUnited States
TUPPERWARE BRANDS CORP COM STK USD0.01TUP0.3337Consumer DiscretionaryMid-CapUnited States
AUTOMATIC DATA PROCESSING INC USD0.10ADP0.3300Information TechnologyLarge-CapUnited States
ALLIED WORLD ASSURANCE COMPANYHOLDINGS AGAWH0.3265FinancialsMid-CapUnited States
AMERICAN ELECTRIC POWER CO INC USD6.50AEP0.3245UtilitiesLarge-CapUnited States
CRACKER BARREL OLD COUNTRY STORE INCCBRL0.3155Consumer DiscretionaryMid-CapUnited States
FEDERATED INVESTORS INC USD0.01 BFII0.3151FinancialsMid-CapUnited States
SCOTTS MIRACLE-GRO CO NPV ASMG0.3147MaterialsMid-CapUnited States
HCP INC COM STK USD1HCP0.3123FinancialsLarge-CapUnited States
AMTRUST FINANCIAL SERVICE USD0.01AFSI0.3078FinancialsMid-CapUnited States
TECO ENERGY INC USD1TE0.3042UtilitiesMid-CapUnited States
ARCHER DANIELS MIDLAND CO NPVADM0.2958Consumer StaplesLarge-CapUnited States
OWENS & MINOR INC COM STK USD2OMI0.2883Health CareMid-CapUnited States
STAPLES INC USD0.0006SPLS0.2854Consumer DiscretionaryLarge-CapUnited States
GENERAL MILLS INC USD0.1GIS0.2818Consumer StaplesLarge-CapUnited States
ERIE INDEMNITY CO NPV AERIE0.2768FinancialsMid-CapUnited States
BEMIS CO INC USD0.10BMS0.2718MaterialsMid-CapUnited States
WESTERN UNION COMPANY (THE) USD0.01WU0.2588Information TechnologyLarge-CapUnited States
SCHLUMBERGER LTD COMMON STOCK USD 0.01SLB0.2487EnergyLarge-CapUnited States
MARKETAXESS HOLDINGS INCMKTX0.2486FinancialsMid-CapUnited States
LEIDOS HOLDINGS INC COMMON STOCK USD 0.0001LDOS0.2483Information TechnologyMid-CapUnited States
GANNETT CO INC USD1GCI0.2452Consumer DiscretionaryMid-CapUnited States
ABBOTT LABORATORIES NPVABT0.2430Health CareLarge-CapUnited States
GREIF INC NPV AGEF0.2395MaterialsMid-CapUnited States
EXELIS INC USD0.01XLS0.2336IndustrialsMid-CapUnited States
PAYCHEX INC USD0.01PAYX0.2300Information TechnologyLarge-CapUnited States
NATIONAL RETAIL PPTYS INC COMNNN0.2191FinancialsMid-CapUnited States
MEREDITH CORP USD1MDP0.2150Consumer DiscretionaryMid-CapUnited States
TRANSOCEAN LTD CHF15RIG0.2147EnergyLarge-CapUnited States
DELPHI AUTOMOTIVE PLC ORD USD0.01DLPH0.2087Consumer DiscretionaryLarge-CapUnited States
CINCINNATI FINANCIAL CORP USD2CINF0.2080FinancialsLarge-CapUnited States
OLD REPUBLIC INTERNATIONAL CORP USD1ORI0.2075FinancialsMid-CapUnited States
SOUTHERN CO USD5SO0.2065UtilitiesLarge-CapUnited States
NEW YORK COMMUNITY BANCORP INC USD0.01NYCB0.2051FinancialsLarge-CapUnited States
VALIDUS HOLDING LTD USD0.175VR0.2004FinancialsMid-CapUnited States
LEGGETT & PLATT INC COM STK USD0.01LEG0.1989Consumer DiscretionaryMid-CapUnited States
HAWAIIAN ELECTRIC INDUSTRIES NPVHE0.1969UtilitiesMid-CapUnited States
ORACLE CORP USD0.01ORCL0.1967Information TechnologyLarge-CapUnited States
SYMANTEC CORP USD0.01SYMC0.1916Information TechnologyLarge-CapUnited States
LANDSTAR SYSTEMS INC USD0.01LSTR0.1871IndustrialsMid-CapUnited States
MICROSOFT CORP COMMON STOCK USD 0.00000625MSFT0.1851Information TechnologyLarge-CapUnited States
EMERSON ELECTRIC CO USD0.50EMR0.1849IndustrialsLarge-CapUnited States
PEOPLE'S UTD FINL COM STK USD0.01PBCT0.1847FinancialsMid-CapUnited States
DOW CHEMICAL CO USD2.50DOW0.1791MaterialsLarge-CapUnited States
RETAIL PROPERTIES OF AMERICA INC USD0.001 ARPAI0.1780FinancialsMid-CapUnited States
WISCONSIN ENERGY CORP USD0.01WEC0.1780UtilitiesLarge-CapUnited States
LIBERTY PROPERTY TRUST USD0.001LPT0.1776FinancialsMid-CapUnited States
L-3 COMMUNICATIONS HLDGS INC USD0.01LLL0.1771IndustrialsLarge-CapUnited States
PITNEY BOWES INC USD1PBI0.1769IndustrialsMid-CapUnited States
COMMERCIAL METALS CO USD5CMC0.1746MaterialsMid-CapUnited States
GALLAGHER(ARTHUR J.)& CO COM USD1AJG0.1733FinancialsLarge-CapUnited States
UMPQUA HOLDINGS CORP USD0.01UMPQ0.1718FinancialsMid-CapUnited States
CULLEN FROST BANKERS USD5CFR0.1716FinancialsMid-CapUnited States
GENUINE PARTS CO USD1GPC0.1709Consumer DiscretionaryLarge-CapUnited States
FNB CORP PA USD0.01FNB0.1703FinancialsMid-CapUnited States
WALT DISNEY(HLDG)CO DISNEY USD0.01DIS0.1702Consumer DiscretionaryLarge-CapUnited States
SIX FLAGS ENTMT CORP NEW COMSIX0.1701Consumer DiscretionaryMid-CapUnited States
HIGHWOODS PROPERTIES INC USD0.01HIW0.1699FinancialsMid-CapUnited States
XILINX INC USD0.01XLNX0.1689Information TechnologyLarge-CapUnited States
GARMIN LTD CHF0.01GRMN0.1661Consumer DiscretionaryLarge-CapUnited States
KLA TENCOR CORP USD0.001KLAC0.1655Information TechnologyLarge-CapUnited States
OMNICOM GROUP INC USD0.15OMC0.1613Consumer DiscretionaryLarge-CapUnited States
QUALCOMM INC USD0.0001QCOM0.1594Information TechnologyLarge-CapUnited States
TEEKAY CORP NPVTK0.1532EnergyMid-CapUnited States
REGAL ENTERTAINMENT GROUP USD0.001 ARGC0.1530Consumer DiscretionaryMid-CapUnited States
MAXIM INTEGRATED PRODUCTS USD0.001MXIM0.1514Information TechnologyLarge-CapUnited States
COMCAST CORP COMMON STOCK USD 0.01CMCSA0.1506Consumer DiscretionaryLarge-CapUnited States
DIEBOLD INC USD1.25DBD0.1502Information TechnologyMid-CapUnited States
PG&E CORP NPVPCG0.1463UtilitiesLarge-CapUnited States
HASBRO INC USD0.50HAS0.1460Consumer DiscretionaryLarge-CapUnited States
MICROCHIP TECHNOLOGY USD0.001MCHP0.1419Information TechnologyLarge-CapUnited States
L BRANDS INC COMMON STOCK USD 0.5LB0.1399Consumer DiscretionaryLarge-CapUnited States
SCANA CORP(NEW) NPVSCG0.1370UtilitiesLarge-CapUnited States
KAR AUCTION SERVICES INC USD0.01KAR0.1189IndustrialsMid-CapUnited States
CABLEVISION SYSTEMS CORP NY GROUP USD0.01CVC0.1189Consumer DiscretionaryMid-CapUnited States
TRUSTMARK CORP NPVTRMK0.1134FinancialsMid-CapUnited States
SEAWORLD ENTERTAINMENT INC USD0.01SEAS0.1132Consumer DiscretionaryMid-CapUnited States
PIEDMONT OFFICE REALTY TRUST INC CLS A USD0.01PDM0.1120FinancialsMid-CapUnited States
WASTE MANAGEMENT INC USD0.01WM0.1099IndustrialsLarge-CapUnited States
AMERICAN NATIONAL INSURANCE CO USD1ANAT0.1083FinancialsMid-CapUnited States
WEST CORP USD0.001WSTC0.1031IndustrialsMid-CapUnited States
IAC/INTERACTIVE CORP COM STK USD0.001IACI0.0991Information TechnologyMid-CapUnited States
VISA INC USD0.0001 'A'V0.0959Information TechnologyLarge-CapUnited States
J2 GLOBAL INC COMMON STOCK USD 0.01JCOM0.0901Information TechnologyMid-CapUnited States
CITIGROUP INC USD0.01C0.0900FinancialsLarge-CapUnited States
BANKUNITED INC USD0.01BKU0.0879FinancialsMid-CapUnited States
WILEY(JOHN)& SONS INC CLASS'A'COM STK USD1JW A0.0841Consumer DiscretionaryMid-CapUnited States
CHAMBERS STREET PROPERTIES REIT USD 0.01CSG0.0779FinancialsMid-CapUnited States
CENTURYLINK INCCTL0.0762Telecommunication ServicesLarge-CapUnited States
INTEGRYS ENERGY GROUP INC USD1TEG0.0758UtilitiesMid-CapUnited States
COCA-COLA CO USD0.25KO0.0721Consumer StaplesLarge-CapUnited States
VALLEY NATIONAL BANCORP NPVVLY0.0713FinancialsMid-CapUnited States
US BANCORP DELAWARE USD0.01USB0.0708FinancialsLarge-CapUnited States
MFA FINANCIAL INC COM STK USD0.01MFA0.0691FinancialsMid-CapUnited States
UNITED TECHNOLOGIES CORP USD1UTX0.0545IndustrialsLarge-CapUnited States
MEDICAL PROPERTIES TRUST INC USD0.001MPW0.0467FinancialsMid-CapUnited States
KINDER MORGAN INC DELAWARE USD0.01KMI0.0082EnergyLarge-CapUnited States

DISTRIBUTION SCHEDULE

View by year:
Ex-DateRecord DatePayable DateIncomeShort-Term
Capital Gains
Long-Term
Capital Gains
Return of CapitalTotal Distribution
12/29/201412/31/201401/05/2015
12/19/201412/23/201412/26/2014
09/19/201409/23/201409/25/2014
06/20/201406/24/201406/26/2014
03/21/201403/25/201403/27/20140.2189980000.218998
12/27/201312/31/201301/03/20140.3257180000.325718
09/03/201309/05/201309/09/20130.1845670000.184567
06/03/201306/05/201306/07/20130.1391670000.139167
03/01/201303/05/201303/07/20130.0338420000.033842
12/27/201212/31/201201/03/20130.0607100000.060710

The Northern Trust Quality Dividend Defensive Index is designed to provide exposure to a high-quality income-oriented portfolio of long-only U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall beta that is generally between 0.5 to 1.0 times that of the Northern Trust 1250 Index (Parent Index). Companies included in the index are selected based on expected dividend payment and fundamental factors such as profitability, solid management, and reliable cash flow.