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FlexShares Quality Dividend Dynamic Index Fund

Objective and Strategy

The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend Dynamic IndexSM (Underlying Index).

Different, by Design

1. Assess the current financial state of US companies based on a proprietary quality factor
2. Maximize exposure to quality and dividends while maintaining a beta generally greater than 1
3. Utilize constraints in an effort to minimize the overall risk of the strategy

Spotlight on QDYN

Fund Facts

as of 12/06/2016
Inception12/14/2012
CUSIP33939L852
Total Net Assets$ 62,721,431.15
Shares Outstanding1,650,001
# of Holdings*169
Gross Expense Ratio.38%
Net Expense Ratio**.37%
Index ProviderNORTHERN TRUST
Primary ExchangeNYSE
MarginableY
Derivative UseY
*Cash positions and derivatives such as futures and currency forwards are not included in the number of holdings.

**NTI has contractually agreed to reimburse the fees and expenses of the Fund’s independent trustees and independent legal counsel until March 1, 2017.

Tickers

ETF TickerQDYN
Related IndexNTUQDDY
NAVQDYN.NV
IOPVQDYN.IV
Shares OutstandingQDYN.SO
Estimated CashQDYN.EU
Total CashQDYN.TC

Fund Characteristics1

 as of 12/06/2016
SEC Subsidized Yield2
 (as of 10/31/2016)
3.27%
SEC Unsubsidized Yield3
 (as of 10/31/2016)
3.25%
Distribution Yield43.24%
12-Month Dividend Yield53.27%
Weighted Average Dividend Yield*****3.39%
Weighted Average Market Cap113,653,949,547.74
Weighted Average Beta1.18
Price to Earnings (as of  10/31/2016)20.71
Price to Book  (as of 10/31/2016)5.64
Price to Cash Flow  (as of 10/31/2016)13.94
Price to Sales  (as of 10/31/2016)2.55
View Standardized Performance

Market Cap (%)

as of 12/06/2016
Large-Cap79.26
Mid-Cap19.84
Small-Cap.45
Micro-Cap.45
Total100.00

Style (%)

as of 12/07/2016
Value55.59
Core34.44
Growth9.97
Total100.00

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.

Definitions

1All Fund Characteristics terms are defined in the glossary.
2SEC 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.
3SEC 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.
4Distribution 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 monthly, an NA will be displayed if the fund has not distributed within the last 35 days.
512-Month Dividend Yield
This yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months.

Month End Performance (%)

as of 10/31/2016
 1 MonthQTDYTD1 Year3 YearSince Inception
12/14/2012
Market Price-1.56-1.568.244.436.4712.48
NAV-1.67-1.678.054.166.4512.45
Northern Trust Quality Dividend Dynamic Index (NTUQDDYTR)-1.71-1.718.364.536.8712.85
Russell 1000 Index (RU10INTR)-1.95-1.955.824.268.4813.35

Quarter End Performance (%)

as of 09/30/2016
 1 MonthQTDYTD1 Year3 yearSince Inception
12/14/2012
Market Price.074.679.9614.658.6813.24
NAV.104.649.8914.478.7013.25
Northern Trust Quality Dividend Dynamic Index (NTUQDDYTR).224.8510.2414.959.2313.67
Russell 1000 Index (RU10INTR).084.037.9214.9310.7714.26
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 12/06/2016
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, 2017.


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 12/06/2016
Price$37.99
Price $ Change$.13
Price % Change.34%
Avg Bid/Ask Spread$.09
Bid/Ask Midpoint$38.08
Closing Bid Price$38.05
Closing Ask Price$38.10

NAV Price

as of 12/06/2016
Price$38.01
Price $ Change$.19
Price % Change.50%

Trading

as of 12/06/2016
52-Week High$37.99
52-Week Low$29.15
Premium/Discount$.06
Daily Trading Volume (Shares)8,436
Average Trading Volume (Shares)8,220
Shares Outstanding1,650,001

TOP TEN HOLDINGS

as of 12/06/2016
NameTickerFund
Weight %
SectorMarket CapCountry
JPMORGAN CHASE & CO JPMJPM4.0776FinancialsLarge-CapUnited States
WELLS FARGO & CO WFCWFC3.4926FinancialsLarge-CapUnited States
PFIZER INC PFEPFE3.3291Health CareLarge-CapUnited States
GENERAL ELECTRIC CO GEGE3.1527IndustrialsLarge-CapUnited States
PHILIP MORRIS INTERNATIONAL PMPM3.0722Consumer StaplesLarge-CapUnited States
APPLE INC AAPLAAPL2.9761Information TechnologyLarge-CapUnited States
MERCK & CO. INC. MRKMRK2.9661Health CareLarge-CapUnited States
QUALCOMM INC QCOMQCOM2.2234Information TechnologyLarge-CapUnited States
BOEING CO/THE BABA1.9748IndustrialsLarge-CapUnited States
3M CO MMMMMM1.9614IndustrialsLarge-CapUnited States
UNITED PARCEL SERVICE-CL B UPSUPS1.7366IndustrialsLarge-CapUnited States
AT&T INC TT1.6156Telecommunication ServicesLarge-CapUnited States
TEXAS INSTRUMENTS INC TXNTXN1.6105Information TechnologyLarge-CapUnited States
HOME DEPOT INC HDHD1.5388Consumer DiscretionaryLarge-CapUnited States
CHEVRON CORP CVXCVX1.4566EnergyLarge-CapUnited States
DU PONT (E.I.) DE NEMOURS DDDD1.4268MaterialsLarge-CapUnited States
EXXON MOBIL CORP XOMXOM1.3188EnergyLarge-CapUnited States
VERIZON COMMUNICATIONS INC VZVZ1.3065Telecommunication ServicesLarge-CapUnited States
OCCIDENTAL PETROLEUM CORP OXYOXY1.2077EnergyLarge-CapUnited States
INTL BUSINESS MACHINES CORP IBMIBM1.1603Information TechnologyLarge-CapUnited States
CISCO SYSTEMS INC CSCOCSCO1.0973Information TechnologyLarge-CapUnited States
JOHNSON & JOHNSON JNJJNJ1.0752Health CareLarge-CapUnited States
ALTRIA GROUP INC MOMO1.0581Consumer StaplesLarge-CapUnited States
PRUDENTIAL FINANCIAL INC PRUPRU0.9999FinancialsLarge-CapUnited States
ABBVIE INC ABBVABBV0.9909Health CareLarge-CapUnited States
MORGAN STANLEY MSMS0.9729FinancialsLarge-CapUnited States
MCDONALDS CORP MCDMCD0.9396Consumer DiscretionaryLarge-CapUnited States
AMGEN INC AMGNAMGN0.8245Health CareLarge-CapUnited States
EMERSON ELECTRIC CO EMREMR0.8066IndustrialsLarge-CapUnited States
APPLIED MATERIALS INC AMATAMAT0.7319Information TechnologyLarge-CapUnited States
EATON CORP PLC ETNETN0.6898IndustrialsLarge-CapUnited States
NUCOR CORP NUENUE0.6890MaterialsLarge-CapUnited States
ACCENTURE PLC-CL A ACNACN US0.6791Information TechnologyLarge-CapUnited States
REGIONS FINANCIAL CORP RFRF0.6679FinancialsLarge-CapUnited States
HP INC HPQHPQ0.6556Information TechnologyLarge-CapUnited States
ONEOK INC OKEOKE0.6437EnergyLarge-CapUnited States
PRINCIPAL FINANCIAL GROUP PFGPFG0.6370FinancialsLarge-CapUnited States
VALERO ENERGY CORP VLOVLO0.6348EnergyLarge-CapUnited States
BEST BUY CO INC BBYBBY0.6163Consumer DiscretionaryLarge-CapUnited States
ASSURED GUARANTY LTD AGOAGO US0.6073FinancialsMid-CapUnited States
DOW CHEMICAL CO/THE DOWDOW0.6027MaterialsLarge-CapUnited States
GREIF INC-CL A GEFGEF0.6020MaterialsMid-CapUnited States
CORECIVIC INC CXWCXW0.6016Real EstateMid-CapUnited States
CUMMINS INC CMICMI0.5964IndustrialsLarge-CapUnited States
KOHLS CORP KSSKSS0.5926Consumer DiscretionaryLarge-CapUnited States
J2 GLOBAL INC JCOMJCOM0.5882Information TechnologyMid-CapUnited States
MANPOWERGROUP INC MANMAN0.5829IndustrialsMid-CapUnited States
PACKAGING CORP OF AMERICA PKGPKG0.5825MaterialsLarge-CapUnited States
AMERIPRISE FINANCIAL INC AMPAMP0.5804FinancialsLarge-CapUnited States
HELMERICH & PAYNE HPHP0.5783EnergyLarge-CapUnited States
KLA-TENCOR CORP KLACKLAC0.5737Information TechnologyLarge-CapUnited States
AFLAC INC AFLAFL0.5734FinancialsLarge-CapUnited States
TIMKEN CO TKRTKR0.5617IndustrialsMid-CapUnited States
ENTERGY CORP ETRETR0.5606UtilitiesLarge-CapUnited States
RYMAN HOSPITALITY PROPERTIES RHPRHP0.5602Real EstateMid-CapUnited States
WESTERN UNION CO WUWU0.5600Information TechnologyLarge-CapUnited States
WP CAREY INC WPCWPC0.5576Real EstateMid-CapUnited States
LASALLE HOTEL PROPERTIES LHOLHO0.5551Real EstateMid-CapUnited States
HOST HOTELS & RESORTS INC HSTHST0.5547Real EstateLarge-CapUnited States
PPL CORP PPLPPL0.5532UtilitiesLarge-CapUnited States
SEAGATE TECHNOLOGY STXSTX0.5519Information TechnologyLarge-CapUnited States
LINCOLN NATIONAL CORP LNCLNC0.5496FinancialsLarge-CapUnited States
CENTURYLINK INC CTLCTL0.5482Telecommunication ServicesLarge-CapUnited States
LAMAR ADVERTISING CO-A LAMRLAMR0.5470Real EstateMid-CapUnited States
PROCTER & GAMBLE CO/THE PGPG0.5377Consumer StaplesLarge-CapUnited States
NATL HEALTH INVESTORS INC NHINHI0.5289Real EstateMid-CapUnited States
GAMESTOP CORP-CLASS A GMEGME0.5283Consumer DiscretionaryMid-CapUnited States
CHIMERA INVESTMENT CORP CIMCIM0.5267FinancialsMid-CapUnited States
PITNEY BOWES INC PBIPBI0.5190IndustrialsMid-CapUnited States
CA INC CACA0.5179Information TechnologyLarge-CapUnited States
TRINSEO SA TSETSE0.5169MaterialsMid-CapUnited States
NETAPP INC NTAPNTAP0.5167Information TechnologyLarge-CapUnited States
STAPLES INC SPLSSPLS0.5142Consumer DiscretionaryLarge-CapUnited States
SCIENCE APPLICATIONS INTE SAICSAIC0.5132Information TechnologyMid-CapUnited States
LPL FINANCIAL HOLDINGS INC LPLALPLA0.5132FinancialsMid-CapUnited States
FEDERATED INVESTORS INC-CL B FIIFII0.5131FinancialsMid-CapUnited States
COLUMBIA PROPERTY TRUST INC CXPCXP0.5093Real EstateMid-CapUnited States
EATON VANCE CORP EVEV0.5036FinancialsMid-CapUnited States
RLJ LODGING TRUST RLJRLJ0.4999Real EstateMid-CapUnited States
GAP INC/THE GPSGPS0.4822Consumer DiscretionaryLarge-CapUnited States
NU SKIN ENTERPRISES INC - A NUSNUS0.4809Consumer StaplesMid-CapUnited States
METLIFE INC METMET0.4804FinancialsLarge-CapUnited States
AES CORP AESAES0.4755UtilitiesLarge-CapUnited States
XEROX CORP XRXXRX0.4661Information TechnologyLarge-CapUnited States
TUPPERWARE BRANDS CORP TUPTUP0.4637Consumer DiscretionaryMid-CapUnited States
BANK OF AMERICA CORP BACBAC0.4632FinancialsLarge-CapUnited States
FAIR ISAAC CORP FICOFICO0.4611Information TechnologyMid-CapUnited States
HSN INC HSNIHSNI0.4599Consumer DiscretionaryMid-CapUnited States
TEGNA INC TGNATGNA0.4577Consumer DiscretionaryMid-CapUnited States
NAVIENT CORP NAVINAVI0.4509FinancialsMid-CapUnited States
RR DONNELLEY & SONS CO RRDRRD0.4507IndustrialsSmall-CapUnited States
OWENS & MINOR INC OMIOMI0.4479Health CareMid-CapUnited States
FORD MOTOR CO FF0.4383Consumer DiscretionaryLarge-CapUnited States
GREIF INC-CL B GEF/BGEF/B0.4072MaterialsMid-CapUnited States
LYONDELLBASELL INDU-CL A LYBLYB0.3529MaterialsLarge-CapUnited States
NORTHSTAR ASSET MANAGEMENT NSAMNSAM0.3442FinancialsMid-CapUnited States
MACYS INC MM0.3432Consumer DiscretionaryLarge-CapUnited States
COCA-COLA CO/THE KOKO0.2914Consumer StaplesLarge-CapUnited States
OCEANEERING INTL INC OIIOII0.2843EnergyMid-CapUnited States
SPECTRA ENERGY CORP SESE0.2760EnergyLarge-CapUnited States
H&R BLOCK INC HRBHRB0.2651Consumer DiscretionaryMid-CapUnited States
BLACKROCK INC BLKBLK0.2606FinancialsLarge-CapUnited States
INTERNATIONAL SEAWAYS INC INSWINSW0.2457EnergyMicro-CapUnited States
ABBOTT LABORATORIES ABTABT0.2368Health CareLarge-CapUnited States
CITIGROUP INC CC0.2328FinancialsLarge-CapUnited States
WEYERHAEUSER CO WYWY0.2322Real EstateLarge-CapUnited States
OMNICOM GROUP OMCOMC0.2258Consumer DiscretionaryLarge-CapUnited States
INTERNATIONAL PAPER CO IPIP0.2220MaterialsLarge-CapUnited States
NABORS INDUSTRIES LTD NBRNBR0.2132EnergyMid-CapUnited States
INVESCO LTD IVZIVZ0.2108FinancialsLarge-CapUnited States
UNITEDHEALTH GROUP INC UNHUNH0.2108Health CareLarge-CapUnited States
WILLIAMS COS INC WMBWMB0.2086EnergyLarge-CapUnited States
XILINX INC XLNXXLNX0.2076Information TechnologyLarge-CapUnited States
OVERSEAS SHIPHOLDING GROUP-A OSGOSG0.2058EnergyMicro-CapUnited States
WALT DISNEY CO/THE DISDIS0.2050Consumer DiscretionaryLarge-CapUnited States
TESORO CORP TSOTSO0.1998EnergyLarge-CapUnited States
MAXIM INTEGRATED PRODUCTS MXIMMXIM0.1923Information TechnologyLarge-CapUnited States
PEPSICO INC PEPPEP0.1905Consumer StaplesLarge-CapUnited States
PAYCHEX INC PAYXPAYX0.1887Information TechnologyLarge-CapUnited States
LINEAR TECHNOLOGY CORP LLTCLLTC0.1822Information TechnologyLarge-CapUnited States
HOLLYFRONTIER CORP HFCHFC0.1719EnergyMid-CapUnited States
ORACLE CORP ORCLORCL0.1714Information TechnologyLarge-CapUnited States
TIFFANY & CO TIFTIF0.1695Consumer DiscretionaryLarge-CapUnited States
GEO GROUP INC/THE GEOGEO0.1675Real EstateMid-CapUnited States
LIBERTY PROPERTY TRUST LPTLPT0.1645Real EstateMid-CapUnited States
CENTERPOINT ENERGY INC CNPCNP0.1632UtilitiesLarge-CapUnited States
SYMANTEC CORP SYMCSYMC0.1608Information TechnologyLarge-CapUnited States
PEOPLES UNITED FINANCIAL PBCTPBCT0.1552FinancialsMid-CapUnited States
HOSPITALITY PROPERTIES TRUST HPTHPT0.1540Real EstateMid-CapUnited States
LEGGETT & PLATT INC LEGLEG0.1538Consumer DiscretionaryLarge-CapUnited States
MFA FINANCIAL INC MFAMFA0.1538FinancialsMid-CapUnited States
ACTIVISION BLIZZARD INC ATVIATVI0.1515Information TechnologyLarge-CapUnited States
INTERPUBLIC GROUP OF COS INC IPGIPG0.1484Consumer DiscretionaryLarge-CapUnited States
WHIRLPOOL CORP WHRWHR0.1453Consumer DiscretionaryLarge-CapUnited States
IRON MOUNTAIN INC IRMIRM0.1449Real EstateLarge-CapUnited States
INTERNATIONAL GAME TECHNOLOG IGTIGT0.1428Consumer DiscretionaryMid-CapUnited States
OMEGA HEALTHCARE INVESTORS OHIOHI0.1413Real EstateMid-CapUnited States
GARMIN LTD GRMNGRMN US0.1408Consumer DiscretionaryLarge-CapUnited States
HUNTSMAN CORP HUNHUN0.1403MaterialsMid-CapUnited States
GILEAD SCIENCES INC GILDGILD0.1398Health CareLarge-CapUnited States
HASBRO INC HASHAS0.1313Consumer DiscretionaryLarge-CapUnited States
TWO HARBORS INVESTMENT CORP TWOTWO0.1302FinancialsMid-CapUnited States
FLOWERS FOODS INC FLOFLO0.1267Consumer StaplesMid-CapUnited States
MURPHY OIL CORP MURMUR0.1249EnergyMid-CapUnited States
CARE CAPITAL PROPERTIES INC CCPCCP0.1223Real EstateMid-CapUnited States
OUTFRONT MEDIA INC OUTOUT0.1193Real EstateMid-CapUnited States
EPR PROPERTIES EPREPR0.1126Real EstateMid-CapUnited States
LEXINGTON REALTY TRUST LXPLXP0.1115Real EstateMid-CapUnited States
VECTOR GROUP LTD VGRVGR0.1102Consumer StaplesMid-CapUnited States
CBL & ASSOCIATES PROPERTIES CBLCBL0.1086Real EstateMid-CapUnited States
COMMUNICATIONS SALES & LE CSALCSAL0.1086Real EstateMid-CapUnited States
PBF ENERGY INC-CLASS A PBFPBF0.1058EnergyMid-CapUnited States
SINCLAIR BROADCAST GROUP -A SBGISBGI0.1044Consumer DiscretionaryMid-CapUnited States
REGAL ENTERTAINMENT GROUP-A RGCRGC0.1032Consumer DiscretionaryMid-CapUnited States
VIACOM INC-CLASS B VIABVIAB0.1018Consumer DiscretionaryLarge-CapUnited States
SENIOR HOUSING PROP TRUST SNHSNH0.1001Real EstateMid-CapUnited States
JANUS CAPITAL GROUP INC JNSJNS0.0982FinancialsMid-CapUnited States
OLD REPUBLIC INTL CORP ORIORI0.0949FinancialsMid-CapUnited States
MEREDITH CORP MDPMDP0.0903Consumer DiscretionaryMid-CapUnited States
MATTEL INC MATMAT0.0892Consumer DiscretionaryLarge-CapUnited States
BRANDYWINE REALTY TRUST BDNBDN0.0857Real EstateMid-CapUnited States
APPLE HOSPITALITY REIT INC APLEAPLE0.0703Real EstateMid-CapUnited States
INTERSIL CORP-A ISILISIL0.0702Information TechnologyMid-CapUnited States
DOMTAR CORP UFSUFS0.0632MaterialsMid-CapUnited States
MEDICAL PROPERTIES TRUST INC MPWMPW0.0608Real EstateMid-CapUnited States
SELECT INCOME REIT SIRSIR0.0585Real EstateMid-CapUnited States
AVANGRID INC AGRAGR0.0582UtilitiesLarge-CapUnited States
SCHLUMBERGER LTD SLBSLB0.0360EnergyLarge-CapUnited States
MOSAIC CO/THE MOSMOS0.0142MaterialsLarge-CapUnited States

DISTRIBUTION SCHEDULE

View by year:
Ex-DateRecord DatePayable DateIncomeShort-Term
Capital Gains
Long-Term
Capital Gains
Return of CapitalTotal Distribution
12/22/201612/27/201612/29/2016
09/19/201609/21/201609/23/20160.3107910000.310791
06/20/201606/22/201606/24/20160.2770110000.277011
03/21/201603/23/201603/28/20160.0826880000.082688
12/29/201512/31/201501/05/20160.5741700000.574170
09/18/201509/22/201509/24/20150.2692520000.269252
06/19/201506/23/201506/25/20150.2562210000.256221
03/20/201503/24/201503/26/20150.2073590000.207359
12/29/201412/31/201401/05/20150.2722380000.272238
09/19/201409/23/201409/25/20140.1891940000.189194
06/20/201406/24/201406/26/20140.2623980000.262398
03/21/201403/25/201403/27/20140.1708130000.170813
12/27/201312/31/201301/03/20140.3026700000.302670
09/03/201309/05/201309/09/20130.2490070000.249007
06/03/201306/05/201306/07/20130.1584110000.158411
03/01/201303/05/201303/07/20130.1048930000.104893
12/27/201212/31/201201/03/20130.0366800000.036680

The Northern Trust Quality Dividend Dynamic 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 1.0 to 1.5 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.