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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 09/19/2017
Inception12/14/2012
CUSIP33939L852
Total Net Assets$ 61,684,046.89
Shares Outstanding1,500,001
# of Holdings*152
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.

**Northern Trust Investments, Inc. ("NTI" or "Investment Adviser") has contractually agreed to reimburse the fees and expenses of the Trust’s independent trustees and their independent legal counsel until March 1, 2018.

Tickers

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

Fund Characteristics1

 as of 09/19/2017
SEC Subsidized Yield2
 (as of 08/31/2017)
3.12%
SEC Unsubsidized Yield3
 (as of 08/31/2017)
3.11%
Distribution Yield42.89%
12-Month Dividend Yield52.72%
Weighted Average Dividend Yield*****3.26%
Weighted Average Market Cap129,666,404,143.47
Weighted Average Beta1.17
Price to Earnings (as of  08/31/2017)20.62
Price to Book  (as of 08/31/2017)6.30
Price to Cash Flow  (as of 08/31/2017)13.34
Price to Sales  (as of 08/31/2017)2.85
View Standardized Performance

Market Cap (%)

as of 09/19/2017
Large-Cap78.71
Mid-Cap21.29
Total100.00

Style (%)

as of 09/20/2017
Value55.15
Core31.43
Growth13.42
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

1Glossary contains definitions of widely used investment terms found on this page.
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.

Month End Performance (%)

as of 08/31/2017
 1 MonthQTDYTD1 Year3 YearSince Inception
12/14/2012
Market Price-1.01.526.8314.656.7913.77
NAV-1.11.376.8414.516.7613.74
Northern Trust Quality Dividend Dynamic Index (NTUQDDYTR)-1.12.466.9914.896.9914.13
Russell 1000 Index (RU10INTR).312.3011.7916.169.2014.91

Quarter End Performance (%)

as of 06/30/2017
 1 MonthQTDYTD1 Year3 yearSince Inception
12/14/2012
Market Price1.731.476.2719.297.2614.19
NAV1.751.506.4419.257.3014.19
Northern Trust Quality Dividend Dynamic Index (NTUQDDYTR)1.751.476.5019.667.5314.58
Russell 1000 Index (RU10INTR).703.069.2718.039.2514.93
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 09/19/2017
Gross Expense Ratio.38%
Net Expense Ratio*.37%
*Northern Trust Investments, Inc. ("NTI" or "Investment Adviser") has contractually agreed to reimburse the fees and expenses of the Trust’s independent trustees and their independent legal counsel until March 1, 2018.


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 09/19/2017
Price$41.16
Price $ Change$.09
Price % Change.21%
Avg Bid/Ask Spread$.04
Bid/Ask Midpoint$41.11
Closing Bid Price$41.09
Closing Ask Price$41.13

NAV Price

as of 09/19/2017
Price$41.12
Price $ Change$.05
Price % Change.12%

Trading

as of 09/19/2017
52-Week High$41.25
52-Week Low$34.64
Premium/Discount$-.01
Daily Trading Volume (Shares)2,601
Average Trading Volume (Shares)1,959
Shares Outstanding1,500,001

TOP TEN HOLDINGS

as of 09/19/2017
NameTickerFund
Weight %
SectorMarket CapCountry
JPMORGAN CHASE & CO JPMJPM3.9170FinancialsLarge-CapUnited States
PFIZER INC PFEPFE3.3900Health CareLarge-CapUnited States
WELLS FARGO & CO WFCWFC3.1781FinancialsLarge-CapUnited States
MERCK & CO. INC. MRKMRK3.1275Health CareLarge-CapUnited States
GENERAL ELECTRIC CO GEGE3.0035IndustrialsLarge-CapUnited States
HOME DEPOT INC HDHD2.9860Consumer DiscretionaryLarge-CapUnited States
BOEING CO/THE BABA2.9282IndustrialsLarge-CapUnited States
APPLE INC AAPLAAPL2.8898Information TechnologyLarge-CapUnited States
ABBVIE INC ABBVABBV2.6503Health CareLarge-CapUnited States
EXXON MOBIL CORP XOMXOM2.4184EnergyLarge-CapUnited States
ALTRIA GROUP INC MOMO1.8791Consumer StaplesLarge-CapUnited States
TEXAS INSTRUMENTS INC TXNTXN1.7886Information TechnologyLarge-CapUnited States
ACCENTURE PLC-CL A ACNACN US1.7730Information TechnologyLarge-CapUnited States
3M CO MMMMMM1.7663IndustrialsLarge-CapUnited States
UNITED PARCEL SERVICE-CL B UPSUPS1.5055IndustrialsLarge-CapUnited States
PROCTER & GAMBLE CO/THE PGPG1.4702Consumer StaplesLarge-CapUnited States
CHEVRON CORP CVXCVX1.4348EnergyLarge-CapUnited States
PHILIP MORRIS INTERNATIONAL PMPM1.3098Consumer StaplesLarge-CapUnited States
VERIZON COMMUNICATIONS INC VZVZ1.2967Telecommunication ServicesLarge-CapUnited States
MCDONALDS CORP MCDMCD1.1403Consumer DiscretionaryLarge-CapUnited States
CISCO SYSTEMS INC CSCOCSCO1.1210Information TechnologyLarge-CapUnited States
JOHNSON & JOHNSON JNJJNJ1.0654Health CareLarge-CapUnited States
INTL BUSINESS MACHINES CORP IBMIBM1.0034Information TechnologyLarge-CapUnited States
MORGAN STANLEY MSMS0.9658FinancialsLarge-CapUnited States
AT&T INC TT0.8864Telecommunication ServicesLarge-CapUnited States
PHILLIPS 66 PSXPSX0.8807EnergyLarge-CapUnited States
ACTIVISION BLIZZARD INC ATVIATVI0.8781Information TechnologyLarge-CapUnited States
EMERSON ELECTRIC CO EMREMR0.7950IndustrialsLarge-CapUnited States
RLJ LODGING TRUST RLJRLJ0.7621Real EstateMid-CapUnited States
HP INC HPQHPQ0.7478Information TechnologyLarge-CapUnited States
AMERIPRISE FINANCIAL INC AMPAMP0.6773FinancialsLarge-CapUnited States
INTUIT INC INTUINTU0.6757Information TechnologyLarge-CapUnited States
MANPOWERGROUP INC MANMAN0.6554IndustrialsLarge-CapUnited States
KLA-TENCOR CORP KLACKLAC0.6540Information TechnologyLarge-CapUnited States
VALERO ENERGY CORP VLOVLO0.6405EnergyLarge-CapUnited States
TARGET CORP TGTTGT0.6361Consumer DiscretionaryLarge-CapUnited States
PBF ENERGY INC-CLASS A PBFPBF0.6305EnergyMid-CapUnited States
PRINCIPAL FINANCIAL GROUP PFGPFG0.6157FinancialsLarge-CapUnited States
GAP INC/THE GPSGPS0.6112Consumer DiscretionaryLarge-CapUnited States
LYONDELLBASELL INDU-CL A LYBLYB0.6049MaterialsLarge-CapUnited States
KOHLS CORP KSSKSS0.6041Consumer DiscretionaryLarge-CapUnited States
LPL FINANCIAL HOLDINGS INC LPLALPLA0.5988FinancialsMid-CapUnited States
QUALCOMM INC QCOMQCOM0.5964Information TechnologyLarge-CapUnited States
GREIF INC-CL A GEFGEF0.5833MaterialsMid-CapUnited States
ASSURED GUARANTY LTD AGOAGO US0.5816FinancialsMid-CapUnited States
LAM RESEARCH CORP LRCXLRCX0.5634Information TechnologyLarge-CapUnited States
TALLGRASS ENERGY GP LP TEGPTEGP0.5546EnergyMid-CapUnited States
MURPHY OIL CORP MURMUR0.5528EnergyMid-CapUnited States
BEST BUY CO INC BBYBBY0.5526Consumer DiscretionaryLarge-CapUnited States
NU SKIN ENTERPRISES INC - A NUSNUS0.5509Consumer StaplesMid-CapUnited States
NETAPP INC NTAPNTAP0.5471Information TechnologyLarge-CapUnited States
TRINSEO SA TSETSE0.5462MaterialsMid-CapUnited States
APPLE HOSPITALITY REIT INC APLEAPLE0.5413Real EstateMid-CapUnited States
APPLIED MATERIALS INC AMATAMAT0.5409Information TechnologyLarge-CapUnited States
KRONOS WORLDWIDE INC KROKRO0.5388MaterialsMid-CapUnited States
T ROWE PRICE GROUP INC TROWTROW0.5373FinancialsLarge-CapUnited States
CHIMERA INVESTMENT CORP CIMCIM0.5370FinancialsMid-CapUnited States
NORDSTROM INC JWNJWN0.5270Consumer DiscretionaryLarge-CapUnited States
H&R BLOCK INC HRBHRB0.5262Consumer DiscretionaryMid-CapUnited States
EATON VANCE CORP EVEV0.5221FinancialsMid-CapUnited States
DOMTAR CORP UFSUFS0.5191MaterialsMid-CapUnited States
NATL HEALTH INVESTORS INC NHINHI0.5178Real EstateMid-CapUnited States
AVNET INC AVTAVT0.5164Information TechnologyMid-CapUnited States
OFFICE DEPOT INC ODPODP0.5160Consumer DiscretionaryMid-CapUnited States
PARK HOTELS & RESORTS INC PKPK0.5121Real EstateMid-CapUnited States
LASALLE HOTEL PROPERTIES LHOLHO0.5116Real EstateMid-CapUnited States
BROADRIDGE FINANCIAL SOLUTIO BRBR0.5111Information TechnologyLarge-CapUnited States
LINCOLN NATIONAL CORP LNCLNC0.5109FinancialsLarge-CapUnited States
INTERDIGITAL INC IDCCIDCC0.5106Information TechnologyMid-CapUnited States
SEAGATE TECHNOLOGY STXSTX0.5103Information TechnologyLarge-CapUnited States
HUNTSMAN CORP HUNHUN0.5067MaterialsLarge-CapUnited States
ANNALY CAPITAL MANAGEMENT IN NLYNLY0.5057FinancialsLarge-CapUnited States
TUPPERWARE BRANDS CORP TUPTUP0.5053Consumer DiscretionaryMid-CapUnited States
NAVIENT CORP NAVINAVI0.5034FinancialsMid-CapUnited States
BANK OF AMERICA CORP BACBAC0.5013FinancialsLarge-CapUnited States
DST SYSTEMS INC DSTDST0.4973Information TechnologyMid-CapUnited States
CORECIVIC INC CXWCXW0.4959Real EstateMid-CapUnited States
PATTERSON COS INC PDCOPDCO0.4931Health CareMid-CapUnited States
XEROX CORP XRXXRX0.4922Information TechnologyLarge-CapUnited States
FRANKLIN RESOURCES INC BENBEN0.4823FinancialsLarge-CapUnited States
LAMAR ADVERTISING CO-A LAMRLAMR0.4821Real EstateMid-CapUnited States
AGNC INVESTMENT CORP AGNCAGNC0.4795FinancialsLarge-CapUnited States
OUTFRONT MEDIA INC OUTOUT0.4727Real EstateMid-CapUnited States
LAZARD LTD-CL A LAZLAZ US0.4726FinancialsMid-CapUnited States
RYMAN HOSPITALITY PROPERTIES RHPRHP0.4724Real EstateMid-CapUnited States
DELTA AIR LINES INC DALDAL0.4712IndustrialsLarge-CapUnited States
CENTERPOINT ENERGY INC CNPCNP0.4620UtilitiesLarge-CapUnited States
WESTERN UNION CO WUWU0.4606Information TechnologyLarge-CapUnited States
TWO HARBORS INVESTMENT CORP TWOTWO0.4596FinancialsMid-CapUnited States
UNITED STATES STEEL CORP XX0.4582MaterialsMid-CapUnited States
HOST HOTELS & RESORTS INC HSTHST0.4560Real EstateLarge-CapUnited States
SCIENCE APPLICATIONS INTE SAICSAIC0.4478Information TechnologyMid-CapUnited States
MACYS INC MM0.4434Consumer DiscretionaryLarge-CapUnited States
FEDERATED INVESTORS INC-CL B FIIFII0.4203FinancialsMid-CapUnited States
PEGASYSTEMS INC PEGAPEGA0.4137Information TechnologyMid-CapUnited States
OCCIDENTAL PETROLEUM CORP OXYOXY0.3966EnergyLarge-CapUnited States
CITIGROUP INC CC0.3935FinancialsLarge-CapUnited States
EATON CORP PLC ETNETN0.3694IndustrialsLarge-CapUnited States
GREIF INC-CL B GEF/BGEF/B0.3691MaterialsMid-CapUnited States
TE CONNECTIVITY LTD TELTEL US0.3474Information TechnologyLarge-CapUnited States
CUMMINS INC CMICMI0.3443IndustrialsLarge-CapUnited States
BLACKROCK INC BLKBLK0.3386FinancialsLarge-CapUnited States
PPL CORP PPLPPL0.3205UtilitiesLarge-CapUnited States
CDW CORP/DE CDWCDW0.3137Information TechnologyLarge-CapUnited States
PACKAGING CORP OF AMERICA PKGPKG0.2640MaterialsLarge-CapUnited States
FOOT LOCKER INC FLFL0.2590Consumer DiscretionaryMid-CapUnited States
TEGNA INC TGNATGNA0.2575Consumer DiscretionaryMid-CapUnited States
WP CAREY INC WPCWPC0.2432Real EstateMid-CapUnited States
COCA-COLA CO/THE KOKO0.2408Consumer StaplesLarge-CapUnited States
NUCOR CORP NUENUE0.2400MaterialsLarge-CapUnited States
AMGEN INC AMGNAMGN0.2371Health CareLarge-CapUnited States
COMCAST CORP-CLASS A CMCSACMCSA0.2337Consumer DiscretionaryLarge-CapUnited States
UNITEDHEALTH GROUP INC UNHUNH0.2286Health CareLarge-CapUnited States
VISA INC-CLASS A SHARES VV0.2218Information TechnologyLarge-CapUnited States
INVESCO LTD IVZIVZ0.1984FinancialsLarge-CapUnited States
PEPSICO INC PEPPEP0.1961Consumer StaplesLarge-CapUnited States
ONEOK INC OKEOKE0.1922EnergyLarge-CapUnited States
CSRA INC CSRACSRA0.1865Information TechnologyMid-CapUnited States
WHIRLPOOL CORP WHRWHR0.1758Consumer DiscretionaryLarge-CapUnited States
LAS VEGAS SANDS CORP LVSLVS0.1737Consumer DiscretionaryLarge-CapUnited States
PAYCHEX INC PAYXPAYX0.1677Information TechnologyLarge-CapUnited States
GEO GROUP INC/THE GEOGEO0.1663Real EstateMid-CapUnited States
CA INC CACA0.1642Information TechnologyLarge-CapUnited States
MAXIM INTEGRATED PRODUCTS MXIMMXIM0.1616Information TechnologyLarge-CapUnited States
MFA FINANCIAL INC MFAMFA0.1611FinancialsMid-CapUnited States
IRON MOUNTAIN INC IRMIRM0.1560Real EstateLarge-CapUnited States
WALT DISNEY CO/THE DISDIS0.1541Consumer DiscretionaryLarge-CapUnited States
VEREIT INC VERVER0.1498Real EstateLarge-CapUnited States
SPIRIT REALTY CAPITAL INC SRCSRC0.1477Real EstateMid-CapUnited States
LIBERTY PROPERTY TRUST LPTLPT0.1456Real EstateLarge-CapUnited States
HOLLYFRONTIER CORP HFCHFC0.1434EnergyMid-CapUnited States
TARGA RESOURCES CORP TRGPTRGP0.1371EnergyLarge-CapUnited States
DDR CORP DDRDDR0.1341Real EstateMid-CapUnited States
OMEGA HEALTHCARE INVESTORS OHIOHI0.1337Real EstateLarge-CapUnited States
SENIOR HOUSING PROP TRUST SNHSNH0.1331Real EstateMid-CapUnited States
AES CORP AESAES0.1297UtilitiesLarge-CapUnited States
CHEMOURS CO/THE CCCC0.1296MaterialsLarge-CapUnited States
J2 GLOBAL INC JCOMJCOM0.1293Information TechnologyMid-CapUnited States
PLAINS GP HOLDINGS LP-CL A PAGPPAGP0.1211EnergyMid-CapUnited States
HELMERICH & PAYNE HPHP0.1152EnergyMid-CapUnited States
HEWLETT PACKARD ENTERPRIS HPEHPE0.1122Information TechnologyLarge-CapUnited States
SIMON PROPERTY GROUP INC SPGSPG0.1094Real EstateLarge-CapUnited States
VECTOR GROUP LTD VGRVGR0.0957Consumer StaplesMid-CapUnited States
EPR PROPERTIES EPREPR0.0906Real EstateMid-CapUnited States
GAMING AND LEISURE PROPERTIE GLPIGLPI0.0882Real EstateLarge-CapUnited States
LEXINGTON REALTY TRUST LXPLXP0.0871Real EstateMid-CapUnited States
CARDINAL HEALTH INC CAHCAH0.0843Health CareLarge-CapUnited States
OLD REPUBLIC INTL CORP ORIORI0.0811FinancialsMid-CapUnited States
TRITON INTERNATIONAL LTD/BER TRTNTRTN US0.0789IndustrialsMid-CapUnited States
HOSPITALITY PROPERTIES TRUST HPTHPT0.0575Real EstateMid-CapUnited States
WEYERHAEUSER CO WYWY0.0277Real EstateLarge-CapUnited States
PITNEY BOWES INC PBIPBI0.0120IndustrialsMid-CapUnited States

DISTRIBUTION SCHEDULE

View by year:
Ex-DateRecord DatePayable DateIncomeShort-Term
Capital Gains
Long-Term
Capital Gains
Return of CapitalTotal Distribution
12/21/201712/22/201712/28/2017
09/18/201709/19/201709/22/20170.2999970000.299997
06/19/201706/21/201706/23/20170.2781080000.278108
03/20/201703/22/201703/24/20170.2196370000.219637
12/22/201612/27/201612/29/20160.3224360000.322436
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.