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FlexShares Quality Dividend 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 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 near 1
3. Utilize constraints in an effort to minimize the overall risk of the strategy

Spotlight on QDF

Fund Facts

as of 12/06/2016
Inception12/14/2012
CUSIP33939L860
Total Net Assets$ 1,554,588,976.69
Shares Outstanding39,400,001
# of Holdings*160
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 TickerQDF
Related IndexNTUQD
NAVQDF.NV
IOPVQDF.IV
Shares OutstandingQDF.SO
Estimated CashQDF.EU
Total CashQDF.TC

Fund Characteristics1

 as of 12/06/2016
SEC Subsidized Yield2
 (as of 10/31/2016)
3.30%
SEC Unsubsidized Yield3
 (as of 10/31/2016)
3.30%
Distribution Yield43.46%
12-Month Dividend Yield52.90%
Weighted Average Dividend Yield*****3.45%
Weighted Average Market Cap113,501,056,176.30
Weighted Average Beta.99
Price to Earnings (as of 10/31/2016)20.93
Price to Book  (as of 10/31/2016)5.57
Price to Cash Flow  (as of 10/31/2016)14.07
Price to Sales  (as of 10/31/2016)2.56
View Standardized Performance

Market Cap (%)

as of 12/06/2016
Large-Cap79.48
Mid-Cap20.17
Small-Cap.25
Micro-Cap.10
Total100.00

Style (%)

as of 12/07/2016
Value58.13
Core32.08
Growth9.79
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-1.80-1.809.136.438.0413.77
NAV-1.85-1.859.056.418.0513.74
Northern Trust Quality Dividend Index (NTUQDTR)-1.73-1.739.426.848.4714.19
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.034.1211.1316.7110.5814.64
NAV.084.0611.1016.6810.6014.64
Northern Trust Quality Dividend Index (NTUQDTR).124.1411.3517.0811.0015.06
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$39.47
Price $ Change$.16
Price % Change.41%
Avg Bid/Ask Spread$.03
Bid/Ask Midpoint$39.47
Closing Bid Price$39.46
Closing Ask Price$39.48

Trading

as of 12/06/2016
52-Week High$39.47
52-Week Low$31.09
Premium/Discount$.01
Daily Trading Volume (Shares)118,865
Average Trading Volume (Shares)97,510
Shares Outstanding39,400,001

NAV Price

as of 12/06/2016
Price$39.46
Price $ Change$.18
Price % Change.46%

TOP TEN HOLDINGS

as of 12/06/2016
NameTickerFund
Weight %
SectorMarket CapCountry
WELLS FARGO & CO WFCWFC3.4439FinancialsLarge-CapUnited States
EXXON MOBIL CORP XOMXOM3.3002EnergyLarge-CapUnited States
MERCK & CO. INC. MRKMRK3.0757Health CareLarge-CapUnited States
PFIZER INC PFEPFE2.9276Health CareLarge-CapUnited States
GENERAL ELECTRIC CO GEGE2.5942IndustrialsLarge-CapUnited States
UNITEDHEALTH GROUP INC UNHUNH2.4847Health CareLarge-CapUnited States
WAL-MART STORES INC WMTWMT2.3380Consumer StaplesLarge-CapUnited States
APPLE INC AAPLAAPL2.2722Information TechnologyLarge-CapUnited States
3M CO MMMMMM2.1760IndustrialsLarge-CapUnited States
BOEING CO/THE BABA2.1078IndustrialsLarge-CapUnited States
PHILIP MORRIS INTERNATIONAL PMPM2.0710Consumer StaplesLarge-CapUnited States
QUALCOMM INC QCOMQCOM2.0130Information TechnologyLarge-CapUnited States
UNITED PARCEL SERVICE-CL B UPSUPS1.8884IndustrialsLarge-CapUnited States
ALTRIA GROUP INC MOMO1.8597Consumer StaplesLarge-CapUnited States
CHEVRON CORP CVXCVX1.8214EnergyLarge-CapUnited States
JPMORGAN CHASE & CO JPMJPM1.6909FinancialsLarge-CapUnited States
TEXAS INSTRUMENTS INC TXNTXN1.6030Information TechnologyLarge-CapUnited States
AT&T INC TT1.5134Telecommunication ServicesLarge-CapUnited States
JOHNSON & JOHNSON JNJJNJ1.4596Health CareLarge-CapUnited States
VERIZON COMMUNICATIONS INC VZVZ1.3222Telecommunication ServicesLarge-CapUnited States
HOME DEPOT INC HDHD1.3203Consumer DiscretionaryLarge-CapUnited States
INTL BUSINESS MACHINES CORP IBMIBM1.1429Information TechnologyLarge-CapUnited States
CISCO SYSTEMS INC CSCOCSCO1.0934Information TechnologyLarge-CapUnited States
PROCTER & GAMBLE CO/THE PGPG1.0671Consumer StaplesLarge-CapUnited States
PRUDENTIAL FINANCIAL INC PRUPRU0.9832FinancialsLarge-CapUnited States
TARGET CORP TGTTGT0.9606Consumer DiscretionaryLarge-CapUnited States
HELMERICH & PAYNE HPHP0.9303EnergyLarge-CapUnited States
KIMBERLY-CLARK CORP KMBKMB0.8681Consumer StaplesLarge-CapUnited States
VALERO ENERGY CORP VLOVLO0.8197EnergyLarge-CapUnited States
EMERSON ELECTRIC CO EMREMR0.8151IndustrialsLarge-CapUnited States
PRINCIPAL FINANCIAL GROUP PFGPFG0.8105FinancialsLarge-CapUnited States
BEST BUY CO INC BBYBBY0.7893Consumer DiscretionaryLarge-CapUnited States
WELLTOWER INC HCNHCN0.7691Real EstateLarge-CapUnited States
HP INC HPQHPQ0.7312Information TechnologyLarge-CapUnited States
LPL FINANCIAL HOLDINGS INC LPLALPLA0.7147FinancialsMid-CapUnited States
LYONDELLBASELL INDU-CL A LYBLYB0.7112MaterialsLarge-CapUnited States
NORDSTROM INC JWNJWN0.6930Consumer DiscretionaryLarge-CapUnited States
DARDEN RESTAURANTS INC DRIDRI0.6655Consumer DiscretionaryLarge-CapUnited States
TE CONNECTIVITY LTD TELTEL US0.6585Information TechnologyLarge-CapUnited States
J2 GLOBAL INC JCOMJCOM0.6559Information TechnologyMid-CapUnited States
ENTERGY CORP ETRETR0.6535UtilitiesLarge-CapUnited States
SEAGATE TECHNOLOGY STXSTX0.6505Information TechnologyLarge-CapUnited States
OCCIDENTAL PETROLEUM CORP OXYOXY0.6499EnergyLarge-CapUnited States
NUCOR CORP NUENUE0.6457MaterialsLarge-CapUnited States
ONEOK INC OKEOKE0.6446EnergyLarge-CapUnited States
COLUMBIA PROPERTY TRUST INC CXPCXP0.6392Real EstateMid-CapUnited States
NAVIENT CORP NAVINAVI0.6340FinancialsMid-CapUnited States
KOHLS CORP KSSKSS0.6289Consumer DiscretionaryLarge-CapUnited States
CORECIVIC INC CXWCXW0.6269Real EstateMid-CapUnited States
STAPLES INC SPLSSPLS0.6243Consumer DiscretionaryLarge-CapUnited States
HOST HOTELS & RESORTS INC HSTHST0.6188Real EstateLarge-CapUnited States
NORTHSTAR ASSET MANAGEMENT NSAMNSAM0.6069FinancialsMid-CapUnited States
RLJ LODGING TRUST RLJRLJ0.5965Real EstateMid-CapUnited States
GAP INC/THE GPSGPS0.5935Consumer DiscretionaryLarge-CapUnited States
GREAT PLAINS ENERGY INC GXPGXP0.5934UtilitiesMid-CapUnited States
ALLETE INC ALEALE0.5906UtilitiesMid-CapUnited States
MDU RESOURCES GROUP INC MDUMDU0.5858UtilitiesMid-CapUnited States
VECTREN CORP VVCVVC0.5853UtilitiesMid-CapUnited States
VALIDUS HOLDINGS LTD VRVR US0.5777FinancialsMid-CapUnited States
MACYS INC MM0.5697Consumer DiscretionaryLarge-CapUnited States
KLA-TENCOR CORP KLACKLAC0.5648Information TechnologyLarge-CapUnited States
DUKE ENERGY CORP DUKDUK0.5568UtilitiesLarge-CapUnited States
AMERICAN EAGLE OUTFITTERS AEOAEO0.5526Consumer DiscretionaryMid-CapUnited States
CONVERGYS CORP CVGCVG0.5492Information TechnologyMid-CapUnited States
SYMANTEC CORP SYMCSYMC0.5473Information TechnologyLarge-CapUnited States
LAMAR ADVERTISING CO-A LAMRLAMR0.5436Real EstateMid-CapUnited States
WESTERN UNION CO WUWU0.5391Information TechnologyLarge-CapUnited States
GAMESTOP CORP-CLASS A GMEGME0.5373Consumer DiscretionaryMid-CapUnited States
RYMAN HOSPITALITY PROPERTIES RHPRHP0.5327Real EstateMid-CapUnited States
JABIL CIRCUIT INC JBLJBL0.5290Information TechnologyMid-CapUnited States
H&R BLOCK INC HRBHRB0.5247Consumer DiscretionaryMid-CapUnited States
GREIF INC-CL B GEF/BGEF/B0.5238MaterialsMid-CapUnited States
CHIMERA INVESTMENT CORP CIMCIM0.5225FinancialsMid-CapUnited States
MAXIM INTEGRATED PRODUCTS MXIMMXIM0.5142Information TechnologyLarge-CapUnited States
AMERIPRISE FINANCIAL INC AMPAMP0.5139FinancialsLarge-CapUnited States
SONOCO PRODUCTS CO SONSON0.5074MaterialsMid-CapUnited States
OGE ENERGY CORP OGEOGE0.4962UtilitiesLarge-CapUnited States
SCHLUMBERGER LTD SLBSLB0.4951EnergyLarge-CapUnited States
HAWAIIAN ELECTRIC INDS HEHE0.4822UtilitiesMid-CapUnited States
T ROWE PRICE GROUP INC TROWTROW0.4760FinancialsLarge-CapUnited States
NETAPP INC NTAPNTAP0.4740Information TechnologyLarge-CapUnited States
ERIE INDEMNITY COMPANY-CL A ERIEERIE0.4622FinancialsMid-CapUnited States
HSN INC HSNIHSNI0.4621Consumer DiscretionaryMid-CapUnited States
BANK OF AMERICA CORP BACBAC0.4602FinancialsLarge-CapUnited States
CA INC CACA0.4589Information TechnologyLarge-CapUnited States
FEDERATED INVESTORS INC-CL B FIIFII0.4573FinancialsMid-CapUnited States
FAIR ISAAC CORP FICOFICO0.4531Information TechnologyMid-CapUnited States
INVESCO LTD IVZIVZ0.4398FinancialsLarge-CapUnited States
PACKAGING CORP OF AMERICA PKGPKG0.4235MaterialsLarge-CapUnited States
AMTRUST FINANCIAL SERVICES AFSIAFSI0.4221FinancialsMid-CapUnited States
CENTERPOINT ENERGY INC CNPCNP0.4048UtilitiesLarge-CapUnited States
SCIENCE APPLICATIONS INTE SAICSAIC0.3861Information TechnologyMid-CapUnited States
AMERICAN ELECTRIC POWER AEPAEP0.3720UtilitiesLarge-CapUnited States
LOCKHEED MARTIN CORP LMTLMT0.3410IndustrialsLarge-CapUnited States
TWO HARBORS INVESTMENT CORP TWOTWO0.3353FinancialsMid-CapUnited States
WILLIAMS COS INC WMBWMB0.3107EnergyLarge-CapUnited States
PEPSICO INC PEPPEP0.2968Consumer StaplesLarge-CapUnited States
NATL HEALTH INVESTORS INC NHINHI0.2933Real EstateMid-CapUnited States
CARE CAPITAL PROPERTIES INC CCPCCP0.2850Real EstateMid-CapUnited States
CITIGROUP INC CC0.2822FinancialsLarge-CapUnited States
OMEGA HEALTHCARE INVESTORS OHIOHI0.2704Real EstateMid-CapUnited States
TUPPERWARE BRANDS CORP TUPTUP0.2616Consumer DiscretionaryMid-CapUnited States
PINNACLE WEST CAPITAL PNWPNW0.2562UtilitiesLarge-CapUnited States
ACTIVISION BLIZZARD INC ATVIATVI0.2559Information TechnologyLarge-CapUnited States
RR DONNELLEY & SONS CO RRDRRD0.2534IndustrialsSmall-CapUnited States
CUMMINS INC CMICMI0.2487IndustrialsLarge-CapUnited States
DOMTAR CORP UFSUFS0.2481MaterialsMid-CapUnited States
PAYCHEX INC PAYXPAYX0.2437Information TechnologyLarge-CapUnited States
XILINX INC XLNXXLNX0.2433Information TechnologyLarge-CapUnited States
AMEREN CORPORATION AEEAEE0.2353UtilitiesLarge-CapUnited States
VECTOR GROUP LTD VGRVGR0.2344Consumer StaplesMid-CapUnited States
HOLLYFRONTIER CORP HFCHFC0.2331EnergyMid-CapUnited States
AMGEN INC AMGNAMGN0.2232Health CareLarge-CapUnited States
EATON CORP PLC ETNETN0.2176IndustrialsLarge-CapUnited States
MOTOROLA SOLUTIONS INC MSIMSI0.2150Information TechnologyLarge-CapUnited States
MCDONALDS CORP MCDMCD0.2140Consumer DiscretionaryLarge-CapUnited States
COCA-COLA CO/THE KOKO0.2101Consumer StaplesLarge-CapUnited States
FLOWERS FOODS INC FLOFLO0.1943Consumer StaplesMid-CapUnited States
IRON MOUNTAIN INC IRMIRM0.1889Real EstateLarge-CapUnited States
SENIOR HOUSING PROP TRUST SNHSNH0.1879Real EstateMid-CapUnited States
DTE ENERGY COMPANY DTEDTE0.1855UtilitiesLarge-CapUnited States
LINEAR TECHNOLOGY CORP LLTCLLTC0.1806Information TechnologyLarge-CapUnited States
JACK HENRY & ASSOCIATES INC JKHYJKHY0.1799Information TechnologyLarge-CapUnited States
SPECTRA ENERGY CORP SESE0.1732EnergyLarge-CapUnited States
GEO GROUP INC/THE GEOGEO0.1689Real EstateMid-CapUnited States
MFA FINANCIAL INC MFAMFA0.1617FinancialsMid-CapUnited States
WESTERN DIGITAL CORP WDCWDC0.1610Information TechnologyLarge-CapUnited States
GREIF INC-CL A GEFGEF0.1603MaterialsMid-CapUnited States
HOSPITALITY PROPERTIES TRUST HPTHPT0.1489Real EstateMid-CapUnited States
PPL CORP PPLPPL0.1459UtilitiesLarge-CapUnited States
CBL & ASSOCIATES PROPERTIES CBLCBL0.1452Real EstateMid-CapUnited States
GARMIN LTD GRMNGRMN US0.1400Consumer DiscretionaryLarge-CapUnited States
CARDINAL HEALTH INC CAHCAH0.1392Health CareLarge-CapUnited States
CULLEN/FROST BANKERS INC CFRCFR0.1383FinancialsMid-CapUnited States
LASALLE HOTEL PROPERTIES LHOLHO0.1335Real EstateMid-CapUnited States
MATTEL INC MATMAT0.1302Consumer DiscretionaryLarge-CapUnited States
CENTURYLINK INC CTLCTL0.1293Telecommunication ServicesLarge-CapUnited States
COMMUNICATIONS SALES & LE CSALCSAL0.1233Real EstateMid-CapUnited States
LEXINGTON REALTY TRUST LXPLXP0.1157Real EstateMid-CapUnited States
OUTFRONT MEDIA INC OUTOUT0.1002Real EstateMid-CapUnited States
FIRST AMERICAN FINANCIAL FAFFAF0.0989FinancialsMid-CapUnited States
MERCURY GENERAL CORP MCYMCY0.0972FinancialsMid-CapUnited States
INTERNATIONAL SEAWAYS INC INSWINSW0.0945EnergyMicro-CapUnited States
WP CAREY INC WPCWPC0.0719Real EstateMid-CapUnited States
OLD REPUBLIC INTL CORP ORIORI0.0620FinancialsMid-CapUnited States
WALT DISNEY CO/THE DISDIS0.0465Consumer DiscretionaryLarge-CapUnited States
INTERNATIONAL PAPER CO IPIP0.0213MaterialsLarge-CapUnited States
MEDTRONIC PLC MDTMDT US0.0185Health CareLarge-CapUnited States
XEROX CORP XRXXRX0.0172Information TechnologyLarge-CapUnited States
BANK OF HAWAII CORP BOHBOH0.0134FinancialsMid-CapUnited States
FIRSTENERGY CORP FEFE0.0109UtilitiesLarge-CapUnited States
OWENS & MINOR INC OMIOMI0.0105Health CareMid-CapUnited States
APPLE HOSPITALITY REIT INC APLEAPLE0.0080Real EstateMid-CapUnited States
FORD MOTOR CO FF0.0077Consumer DiscretionaryLarge-CapUnited States
OCEANEERING INTL INC OIIOII0.0057EnergyMid-CapUnited States
SELECT INCOME REIT SIRSIR0.0038Real EstateMid-CapUnited States
NATIONAL INSTRUMENTS CORP NATINATI0.0031Information TechnologyMid-CapUnited States
METLIFE INC METMET0.0029FinancialsLarge-CapUnited States
PITNEY BOWES INC PBIPBI0.0016IndustrialsMid-CapUnited States
OVERSEAS SHIPHOLDING GROUP-A OSGOSG0.0014EnergyMicro-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
09/19/201609/21/201609/23/20160.3440890000.344089
06/20/201606/22/201606/24/20160.2549400000.254940
03/21/201603/23/201603/28/20160.2318920000.231892
12/29/201512/31/201501/05/20160.3139590000.313959
09/18/201509/22/201509/24/20150.2357660000.235766
06/19/201506/23/201506/25/20150.2605520000.260552
03/20/201503/24/201503/26/20150.2487720000.248772
12/29/201412/31/201401/05/20150.2543960000.254396
09/19/201409/23/201409/25/20140.2593200000.259320
06/20/201406/24/201406/26/20140.2554750000.255475
03/21/201403/25/201403/27/20140.2067500000.206750
12/27/201312/31/201301/03/20140.2966400000.296640
09/03/201309/05/201309/09/20130.2036310000.203631
06/03/201306/05/201306/07/20130.1342780000.134278
03/01/201303/05/201303/07/20130.0582110000.058211
12/27/201212/31/201201/03/20130.0612800000.061280

The Northern Trust Quality Dividend 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 similar to 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.