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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 07/21/2017
Inception12/14/2012
CUSIP33939L860
Total Net Assets$ 1,730,254,839.93
Shares Outstanding41,700,001
# of Holdings*147
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 TickerQDF
Related IndexNTUQD
NAVQDF.NV
IOPVQDF.IV
Shares OutstandingQDF.SO
Estimated CashQDF.EU
Total CashQDF.TC

Fund Characteristics1

 as of 07/21/2017
SEC Subsidized Yield2
 (as of 06/30/2017)
3.11%
SEC Unsubsidized Yield3
 (as of 06/30/2017)
3.10%
Distribution Yield42.72%
12-Month Dividend Yield53.00%
Weighted Average Dividend Yield*****3.31%
Weighted Average Market Cap116,590,432,924.44
Weighted Average Beta1.00
Price to Earnings (as of 06/30/2017)22.24
Price to Book  (as of 06/30/2017)6.21
Price to Cash Flow  (as of 06/30/2017)13.75
Price to Sales  (as of 06/30/2017)2.67
View Standardized Performance

Market Cap (%)

as of 07/21/2017
Large-Cap78.61
Mid-Cap21.39
Total100.00

Style (%)

as of 07/21/2017
Value54.54
Core34.14
Growth11.32
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 06/30/2017
 1 MonthQTDYTD1 Year3 YearSince Inception
12/14/2012
Market Price1.021.295.1415.568.5214.70
NAV1.071.295.2715.508.5414.69
Northern Trust Quality Dividend Index (NTUQDTR)1.031.325.4216.148.9415.16
Russell 1000 Index (RU10INTR).703.069.2718.039.2514.93

Quarter End Performance (%)

as of 06/30/2017
 1 MonthQTDYTD1 Year3 yearSince Inception
12/14/2012
Market Price1.021.295.1415.568.5214.70
NAV1.071.295.2715.508.5414.69
Northern Trust Quality Dividend Index (NTUQDTR)1.031.325.4216.148.9415.16
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 07/21/2017
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 07/21/2017
Price$41.47
Price $ Change$-.13
Price % Change-.31%
Avg Bid/Ask Spread$.03
Bid/Ask Midpoint$41.49
Closing Bid Price$41.47
Closing Ask Price$41.50

Trading

as of 07/21/2017
52-Week High$41.75
52-Week Low$36.32
Premium/Discount$-.01
Daily Trading Volume (Shares)37,422
Average Trading Volume (Shares)67,647
Shares Outstanding41,700,001

NAV Price

as of 07/21/2017
Price$41.49
Price $ Change$-.11
Price % Change-.26%

TOP TEN HOLDINGS

as of 07/20/2017
NameTickerFund
Weight %
SectorMarket CapCountry
PROCTER & GAMBLE CO/THE PGPG3.0833Consumer StaplesLarge-CapUnited States
PFIZER INC PFEPFE3.0046Health CareLarge-CapUnited States
WELLS FARGO & CO WFCWFC2.9720FinancialsLarge-CapUnited States
APPLE INC AAPLAAPL2.8880Information TechnologyLarge-CapUnited States
MERCK & CO. INC. MRKMRK2.7584Health CareLarge-CapUnited States
BOEING CO/THE BABA2.7302IndustrialsLarge-CapUnited States
3M CO MMMMMM2.6763IndustrialsLarge-CapUnited States
WAL-MART STORES INC WMTWMT2.3263Consumer StaplesLarge-CapUnited States
GENERAL ELECTRIC CO GEGE2.3214IndustrialsLarge-CapUnited States
ALTRIA GROUP INC MOMO1.8861Consumer StaplesLarge-CapUnited States
TEXAS INSTRUMENTS INC TXNTXN1.7002Information TechnologyLarge-CapUnited States
HOME DEPOT INC HDHD1.6890Consumer DiscretionaryLarge-CapUnited States
UNITED PARCEL SERVICE-CL B UPSUPS1.6845IndustrialsLarge-CapUnited States
ACCENTURE PLC-CL A ACNACN US1.6379Information TechnologyLarge-CapUnited States
LOCKHEED MARTIN CORP LMTLMT1.6078IndustrialsLarge-CapUnited States
AT&T INC TT1.5935Telecommunication ServicesLarge-CapUnited States
EXXON MOBIL CORP XOMXOM1.5455EnergyLarge-CapUnited States
PHILIP MORRIS INTERNATIONAL PMPM1.5446Consumer StaplesLarge-CapUnited States
CHEVRON CORP CVXCVX1.5049EnergyLarge-CapUnited States
JOHNSON & JOHNSON JNJJNJ1.2788Health CareLarge-CapUnited States
JPMORGAN CHASE & CO JPMJPM1.1225FinancialsLarge-CapUnited States
ONEOK INC OKEOKE1.0181EnergyLarge-CapUnited States
CISCO SYSTEMS INC CSCOCSCO1.0072Information TechnologyLarge-CapUnited States
APPLIED MATERIALS INC AMATAMAT0.9419Information TechnologyLarge-CapUnited States
EMERSON ELECTRIC CO EMREMR0.9226IndustrialsLarge-CapUnited States
PRUDENTIAL FINANCIAL INC PRUPRU0.8737FinancialsLarge-CapUnited States
WELLTOWER INC HCNHCN0.8288Real EstateLarge-CapUnited States
INTL BUSINESS MACHINES CORP IBMIBM0.8267Information TechnologyLarge-CapUnited States
PRINCIPAL FINANCIAL GROUP PFGPFG0.8046FinancialsLarge-CapUnited States
BEST BUY CO INC BBYBBY0.7917Consumer DiscretionaryLarge-CapUnited States
HP INC HPQHPQ0.7898Information TechnologyLarge-CapUnited States
LPL FINANCIAL HOLDINGS INC LPLALPLA0.7663FinancialsMid-CapUnited States
LYONDELLBASELL INDU-CL A LYBLYB0.7098MaterialsLarge-CapUnited States
T ROWE PRICE GROUP INC TROWTROW0.6888FinancialsLarge-CapUnited States
STAPLES INC SPLSSPLS0.6800Consumer DiscretionaryLarge-CapUnited States
DARDEN RESTAURANTS INC DRIDRI0.6787Consumer DiscretionaryLarge-CapUnited States
JABIL INC JBLJBL0.6775Information TechnologyMid-CapUnited States
VALERO ENERGY CORP VLOVLO0.6713EnergyLarge-CapUnited States
AFLAC INC AFLAFL0.6674FinancialsLarge-CapUnited States
MCKESSON CORP MCKMCK0.6613Health CareLarge-CapUnited States
KLA-TENCOR CORP KLACKLAC0.6578Information TechnologyLarge-CapUnited States
H&R BLOCK INC HRBHRB0.6570Consumer DiscretionaryLarge-CapUnited States
NAVIENT CORP NAVINAVI0.6486FinancialsMid-CapUnited States
FEDERATED INVESTORS INC-CL B FIIFII0.6467FinancialsMid-CapUnited States
BAXTER INTERNATIONAL INC BAXBAX0.6451Health CareLarge-CapUnited States
NORDSTROM INC JWNJWN0.6411Consumer DiscretionaryLarge-CapUnited States
VECTREN CORP VVCVVC0.6410UtilitiesMid-CapUnited States
TUPPERWARE BRANDS CORP TUPTUP0.6390Consumer DiscretionaryMid-CapUnited States
JACK HENRY & ASSOCIATES INC JKHYJKHY0.6371Information TechnologyLarge-CapUnited States
CORECIVIC INC CXWCXW0.6361Real EstateMid-CapUnited States
CBL & ASSOCIATES PROPERTIES CBLCBL0.6332Real EstateMid-CapUnited States
AMERIPRISE FINANCIAL INC AMPAMP0.6272FinancialsLarge-CapUnited States
SYMANTEC CORP SYMCSYMC0.6183Information TechnologyLarge-CapUnited States
ALLETE INC ALEALE0.6145UtilitiesMid-CapUnited States
J2 GLOBAL INC JCOMJCOM0.5894Information TechnologyMid-CapUnited States
KOHLS CORP KSSKSS0.5713Consumer DiscretionaryLarge-CapUnited States
AMERICAN EAGLE OUTFITTERS AEOAEO0.5698Consumer DiscretionaryMid-CapUnited States
STEEL DYNAMICS INC STLDSTLD0.5694MaterialsLarge-CapUnited States
PBF ENERGY INC-CLASS A PBFPBF0.5642EnergyMid-CapUnited States
NU SKIN ENTERPRISES INC - A NUSNUS0.5581Consumer StaplesMid-CapUnited States
ASSURANT INC AIZAIZ0.5561FinancialsMid-CapUnited States
GAP INC/THE GPSGPS0.5515Consumer DiscretionaryLarge-CapUnited States
DOMTAR CORP UFSUFS0.5471MaterialsMid-CapUnited States
MACYS INC MM0.5456Consumer DiscretionaryLarge-CapUnited States
DST SYSTEMS INC DSTDST0.5408Information TechnologyMid-CapUnited States
FIDELITY NATIONAL INFO SERV FISFIS0.5332Information TechnologyLarge-CapUnited States
FAIR ISAAC CORP FICOFICO0.5236Information TechnologyMid-CapUnited States
CARDINAL HEALTH INC CAHCAH0.5113Health CareLarge-CapUnited States
HOST HOTELS & RESORTS INC HSTHST0.5097Real EstateLarge-CapUnited States
PPL CORP PPLPPL0.5002UtilitiesLarge-CapUnited States
UNITEDHEALTH GROUP INC UNHUNH0.4991Health CareLarge-CapUnited States
NATIONAL FUEL GAS CO NFGNFG0.4973UtilitiesMid-CapUnited States
EATON VANCE CORP EVEV0.4958FinancialsMid-CapUnited States
LAMAR ADVERTISING CO-A LAMRLAMR0.4865Real EstateMid-CapUnited States
MAXIM INTEGRATED PRODUCTS MXIMMXIM0.4826Information TechnologyLarge-CapUnited States
CHIMERA INVESTMENT CORP CIMCIM0.4780FinancialsMid-CapUnited States
RYMAN HOSPITALITY PROPERTIES RHPRHP0.4631Real EstateMid-CapUnited States
QUALCOMM INC QCOMQCOM0.4611Information TechnologyLarge-CapUnited States
REYNOLDS AMERICAN INC RAIRAI0.4608Consumer StaplesLarge-CapUnited States
OCCIDENTAL PETROLEUM CORP OXYOXY0.4528EnergyLarge-CapUnited States
SS&C TECHNOLOGIES HOLDINGS SSNCSSNC0.4468Information TechnologyLarge-CapUnited States
ERIE INDEMNITY COMPANY-CL A ERIEERIE0.4451FinancialsMid-CapUnited States
AMTRUST FINANCIAL SERVICES AFSIAFSI0.4370FinancialsMid-CapUnited States
ENTERGY CORP ETRETR0.4355UtilitiesLarge-CapUnited States
BANK OF AMERICA CORP BACBAC0.4333FinancialsLarge-CapUnited States
NIELSEN HOLDINGS PLC NLSNNLSN0.4319IndustrialsLarge-CapUnited States
CENTERPOINT ENERGY INC CNPCNP0.4319UtilitiesLarge-CapUnited States
VALIDUS HOLDINGS LTD VRVR US0.4309FinancialsMid-CapUnited States
CA INC CACA0.4263Information TechnologyLarge-CapUnited States
EATON CORP PLC ETNETN0.4224IndustrialsLarge-CapUnited States
RLJ LODGING TRUST RLJRLJ0.4215Real EstateMid-CapUnited States
SEAGATE TECHNOLOGY STXSTX0.4167Information TechnologyLarge-CapUnited States
HSN INC HSNIHSNI0.4141Consumer DiscretionaryMid-CapUnited States
OGE ENERGY CORP OGEOGE0.4128UtilitiesLarge-CapUnited States
WP CAREY INC WPCWPC0.4102Real EstateMid-CapUnited States
LASALLE HOTEL PROPERTIES LHOLHO0.4090Real EstateMid-CapUnited States
MDU RESOURCES GROUP INC MDUMDU0.4081UtilitiesMid-CapUnited States
VERIZON COMMUNICATIONS INC VZVZ0.4055Telecommunication ServicesLarge-CapUnited States
HAWAIIAN ELECTRIC INDS HEHE0.4047UtilitiesMid-CapUnited States
PATTERSON COS INC PDCOPDCO0.4021Health CareMid-CapUnited States
GREIF INC-CL A GEFGEF0.3989MaterialsMid-CapUnited States
NETAPP INC NTAPNTAP0.3982Information TechnologyLarge-CapUnited States
EXELON CORP EXCEXC0.3902UtilitiesLarge-CapUnited States
RETAIL PROPERTIES OF AME - A RPAIRPAI0.3843Real EstateMid-CapUnited States
ACTIVISION BLIZZARD INC ATVIATVI0.3774Information TechnologyLarge-CapUnited States
GREIF INC-CL B GEF/BGEF/B0.3760MaterialsMid-CapUnited States
SIMON PROPERTY GROUP INC SPGSPG0.3730Real EstateLarge-CapUnited States
WESTERN UNION CO WUWU0.3693Information TechnologyLarge-CapUnited States
SCIENCE APPLICATIONS INTE SAICSAIC0.3547Information TechnologyMid-CapUnited States
CITIGROUP INC CC0.3523FinancialsLarge-CapUnited States
OWENS & MINOR INC OMIOMI0.3492Health CareMid-CapUnited States
TARGET CORP TGTTGT0.3372Consumer DiscretionaryLarge-CapUnited States
XEROX CORP XRXXRX0.3364Information TechnologyLarge-CapUnited States
TWO HARBORS INVESTMENT CORP TWOTWO0.3302FinancialsMid-CapUnited States
PEPSICO INC PEPPEP0.3066Consumer StaplesLarge-CapUnited States
HOSPITALITY PROPERTIES TRUST HPTHPT0.2997Real EstateMid-CapUnited States
COCA-COLA CO/THE KOKO0.2682Consumer StaplesLarge-CapUnited States
VISA INC-CLASS A SHARES VV0.2604Information TechnologyLarge-CapUnited States
OMEGA HEALTHCARE INVESTORS OHIOHI0.2583Real EstateLarge-CapUnited States
MCDONALDS CORP MCDMCD0.2531Consumer DiscretionaryLarge-CapUnited States
HELMERICH & PAYNE HPHP0.2460EnergyMid-CapUnited States
AMGEN INC AMGNAMGN0.2337Health CareLarge-CapUnited States
WW GRAINGER INC GWWGWW0.2243IndustrialsLarge-CapUnited States
CENTURYLINK INC CTLCTL0.2219Telecommunication ServicesLarge-CapUnited States
PORTLAND GENERAL ELECTRIC CO PORPOR0.2157UtilitiesMid-CapUnited States
CONVERGYS CORP CVGCVG0.2113Information TechnologyMid-CapUnited States
VEREIT INC VERVER0.1937Real EstateLarge-CapUnited States
WASHINGTON PRIME GROUP INC WPGWPG0.1910Real EstateMid-CapUnited States
PAYCHEX INC PAYXPAYX0.1849Information TechnologyLarge-CapUnited States
WILLIAMS-SONOMA INC WSMWSM0.1722Consumer DiscretionaryMid-CapUnited States
SENIOR HOUSING PROP TRUST SNHSNH0.1707Real EstateMid-CapUnited States
MFA FINANCIAL INC MFAMFA0.1682FinancialsMid-CapUnited States
SPIRIT REALTY CAPITAL INC SRCSRC0.1669Real EstateMid-CapUnited States
CVS HEALTH CORP CVSCVS0.1527Consumer StaplesLarge-CapUnited States
SCRIPPS NETWORKS INTER-CL A SNISNI0.1335Consumer DiscretionaryLarge-CapUnited States
FIRST AMERICAN FINANCIAL FAFFAF0.1237FinancialsMid-CapUnited States
GARMIN LTD GRMNGRMN US0.1164Consumer DiscretionaryLarge-CapUnited States
HOLLYFRONTIER CORP HFCHFC0.0959EnergyMid-CapUnited States
PITNEY BOWES INC PBIPBI0.0900IndustrialsMid-CapUnited States
FRONTIER COMMUNICATIONS CORP FTRFTR0.0900Telecommunication ServicesMid-CapUnited States
AIR PRODUCTS & CHEMICALS INC APDAPD0.0846MaterialsLarge-CapUnited States
PACKAGING CORP OF AMERICA PKGPKG0.0740MaterialsLarge-CapUnited States
AGNC INVESTMENT CORP AGNCAGNC0.0699FinancialsLarge-CapUnited States
ANNALY CAPITAL MANAGEMENT IN NLYNLY0.0578FinancialsLarge-CapUnited States
COLONY NORTHSTAR INC-CLASS A CLNSCLNS0.0420Real EstateLarge-CapUnited States
WALT DISNEY CO/THE DISDIS0.0259Consumer DiscretionaryLarge-CapUnited States
LEXINGTON REALTY TRUST LXPLXP0.0005Real EstateMid-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
09/18/201709/19/201709/22/2017
06/19/201706/21/201706/23/20170.2810890000.281089
03/20/201703/22/201703/24/20170.2416490000.241649
12/22/201612/27/201612/29/20160.3787450000.378745
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.