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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 09/19/2017
Inception12/14/2012
CUSIP33939L860
Total Net Assets$ 1,775,341,161.32
Shares Outstanding42,250,001
# of Holdings*146
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 09/19/2017
SEC Subsidized Yield2
 (as of 08/31/2017)
2.98%
SEC Unsubsidized Yield3
 (as of 08/31/2017)
2.98%
Distribution Yield42.79%
12-Month Dividend Yield52.85%
Weighted Average Dividend Yield*****3.19%
Weighted Average Market Cap122,521,655,894.37
Weighted Average Beta1.03
Price to Earnings (as of 08/31/2017)22.21
Price to Book  (as of 08/31/2017)6.42
Price to Cash Flow  (as of 08/31/2017)14.12
Price to Sales  (as of 08/31/2017)2.82
View Standardized Performance

Market Cap (%)

as of 09/19/2017
Large-Cap77.56
Mid-Cap22.44
Total100.00

Style (%)

as of 09/20/2017
Value53.60
Core31.75
Growth14.65
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-.74.735.9111.838.0914.31
NAV-.79.685.9911.848.0714.29
Northern Trust Quality Dividend Index (NTUQDTR)-.99.706.1512.438.4614.75
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 Price1.021.295.1415.568.5214.70
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 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$42.02
Price $ Change$-.02
Price % Change-.05%
Avg Bid/Ask Spread$.03
Bid/Ask Midpoint$42.04
Closing Bid Price$42.02
Closing Ask Price$42.05

Trading

as of 09/19/2017
52-Week High$42.19
52-Week Low$36.32
Premium/Discount$.02
Daily Trading Volume (Shares)39,637
Average Trading Volume (Shares)65,334
Shares Outstanding42,250,001

NAV Price

as of 09/19/2017
Price$42.02
Price $ Change$ .00
Price % Change .00%

TOP TEN HOLDINGS

as of 09/19/2017
NameTickerFund
Weight %
SectorMarket CapCountry
MERCK & CO. INC. MRKMRK3.5702Health CareLarge-CapUnited States
WELLS FARGO & CO WFCWFC3.3559FinancialsLarge-CapUnited States
PROCTER & GAMBLE CO/THE PGPG3.2581Consumer StaplesLarge-CapUnited States
BOEING CO/THE BABA3.2314IndustrialsLarge-CapUnited States
APPLE INC AAPLAAPL3.0399Information TechnologyLarge-CapUnited States
PFIZER INC PFEPFE3.0176Health CareLarge-CapUnited States
3M CO MMMMMM2.5280IndustrialsLarge-CapUnited States
WAL-MART STORES INC WMTWMT2.4845Consumer StaplesLarge-CapUnited States
HOME DEPOT INC HDHD2.3898Consumer DiscretionaryLarge-CapUnited States
GENERAL ELECTRIC CO GEGE1.7747IndustrialsLarge-CapUnited States
UNITED PARCEL SERVICE-CL B UPSUPS1.7392IndustrialsLarge-CapUnited States
TEXAS INSTRUMENTS INC TXNTXN1.7294Information TechnologyLarge-CapUnited States
ACCENTURE PLC-CL A ACNACN US1.7170Information TechnologyLarge-CapUnited States
LOCKHEED MARTIN CORP LMTLMT1.6767IndustrialsLarge-CapUnited States
CHEVRON CORP CVXCVX1.6571EnergyLarge-CapUnited States
PHILIP MORRIS INTERNATIONAL PMPM1.4710Consumer StaplesLarge-CapUnited States
EXXON MOBIL CORP XOMXOM1.3588EnergyLarge-CapUnited States
JOHNSON & JOHNSON JNJJNJ1.2428Health CareLarge-CapUnited States
ALTRIA GROUP INC MOMO1.1768Consumer StaplesLarge-CapUnited States
JPMORGAN CHASE & CO JPMJPM1.1391FinancialsLarge-CapUnited States
CISCO SYSTEMS INC CSCOCSCO1.1225Information TechnologyLarge-CapUnited States
ABBVIE INC ABBVABBV1.0099Health CareLarge-CapUnited States
INTL BUSINESS MACHINES CORP IBMIBM0.9797Information TechnologyLarge-CapUnited States
BAXTER INTERNATIONAL INC BAXBAX0.8687Health CareLarge-CapUnited States
PHILLIPS 66 PSXPSX0.8274EnergyLarge-CapUnited States
LPL FINANCIAL HOLDINGS INC LPLALPLA0.8229FinancialsMid-CapUnited States
HP INC HPQHPQ0.8028Information TechnologyLarge-CapUnited States
GAP INC/THE GPSGPS0.7879Consumer DiscretionaryLarge-CapUnited States
LYONDELLBASELL INDU-CL A LYBLYB0.7852MaterialsLarge-CapUnited States
BEST BUY CO INC BBYBBY0.7718Consumer DiscretionaryLarge-CapUnited States
PRINCIPAL FINANCIAL GROUP PFGPFG0.7537FinancialsLarge-CapUnited States
NIELSEN HOLDINGS PLC NLSNNLSN0.7481IndustrialsLarge-CapUnited States
VALERO ENERGY CORP VLOVLO0.7277EnergyLarge-CapUnited States
PBF ENERGY INC-CLASS A PBFPBF0.7243EnergyMid-CapUnited States
EMERSON ELECTRIC CO EMREMR0.7239IndustrialsLarge-CapUnited States
T ROWE PRICE GROUP INC TROWTROW0.7207FinancialsLarge-CapUnited States
AFLAC INC AFLAFL0.7124FinancialsLarge-CapUnited States
WELLTOWER INC HCNHCN0.7102Real EstateLarge-CapUnited States
VECTREN CORP VVCVVC0.7082UtilitiesMid-CapUnited States
ONEOK INC OKEOKE0.7074EnergyLarge-CapUnited States
HOLLYFRONTIER CORP HFCHFC0.6934EnergyMid-CapUnited States
JABIL INC JBLJBL0.6853Information TechnologyMid-CapUnited States
AVNET INC AVTAVT0.6589Information TechnologyMid-CapUnited States
ALLETE INC ALEALE0.6541UtilitiesMid-CapUnited States
FEDERATED INVESTORS INC-CL B FIIFII0.6500FinancialsMid-CapUnited States
ACTIVISION BLIZZARD INC ATVIATVI0.6499Information TechnologyLarge-CapUnited States
RETAIL PROPERTIES OF AME - A RPAIRPAI0.6416Real EstateMid-CapUnited States
VF CORP VFCVFC0.6400Consumer DiscretionaryLarge-CapUnited States
AMERIPRISE FINANCIAL INC AMPAMP0.6388FinancialsLarge-CapUnited States
OFFICE DEPOT INC ODPODP0.6349Consumer DiscretionaryMid-CapUnited States
FOOT LOCKER INC FLFL0.6240Consumer DiscretionaryMid-CapUnited States
NORDSTROM INC JWNJWN0.6138Consumer DiscretionaryLarge-CapUnited States
KLA-TENCOR CORP KLACKLAC0.6136Information TechnologyLarge-CapUnited States
XEROX CORP XRXXRX0.6088Information TechnologyLarge-CapUnited States
INTERDIGITAL INC IDCCIDCC0.6018Information TechnologyMid-CapUnited States
JACK HENRY & ASSOCIATES INC JKHYJKHY0.6002Information TechnologyLarge-CapUnited States
WESTERN UNION CO WUWU0.5968Information TechnologyLarge-CapUnited States
DOMTAR CORP UFSUFS0.5948MaterialsMid-CapUnited States
NU SKIN ENTERPRISES INC - A NUSNUS0.5865Consumer StaplesMid-CapUnited States
HOST HOTELS & RESORTS INC HSTHST0.5833Real EstateLarge-CapUnited States
EXELON CORP EXCEXC0.5794UtilitiesLarge-CapUnited States
BANK OF AMERICA CORP BACBAC0.5754FinancialsLarge-CapUnited States
NATIONAL FUEL GAS CO NFGNFG0.5716UtilitiesMid-CapUnited States
GREIF INC-CL A GEFGEF0.5597MaterialsMid-CapUnited States
H&R BLOCK INC HRBHRB0.5526Consumer DiscretionaryMid-CapUnited States
FIDELITY NATIONAL INFO SERV FISFIS0.5491Information TechnologyLarge-CapUnited States
TALLGRASS ENERGY GP LP TEGPTEGP0.5480EnergyMid-CapUnited States
CORECIVIC INC CXWCXW0.5467Real EstateMid-CapUnited States
LAM RESEARCH CORP LRCXLRCX0.5369Information TechnologyLarge-CapUnited States
STEEL DYNAMICS INC STLDSTLD0.5339MaterialsLarge-CapUnited States
PPL CORP PPLPPL0.5114UtilitiesLarge-CapUnited States
UNITEDHEALTH GROUP INC UNHUNH0.5058Health CareLarge-CapUnited States
CHIMERA INVESTMENT CORP CIMCIM0.4937FinancialsMid-CapUnited States
KRONOS WORLDWIDE INC KROKRO0.4909MaterialsMid-CapUnited States
OUTFRONT MEDIA INC OUTOUT0.4863Real EstateMid-CapUnited States
LAMAR ADVERTISING CO-A LAMRLAMR0.4771Real EstateMid-CapUnited States
LAZARD LTD-CL A LAZLAZ US0.4771FinancialsMid-CapUnited States
MAXIM INTEGRATED PRODUCTS MXIMMXIM0.4720Information TechnologyLarge-CapUnited States
EATON VANCE CORP EVEV0.4719FinancialsMid-CapUnited States
J2 GLOBAL INC JCOMJCOM0.4696Information TechnologyMid-CapUnited States
AT&T INC TT0.4670Telecommunication ServicesLarge-CapUnited States
SIMON PROPERTY GROUP INC SPGSPG0.4612Real EstateLarge-CapUnited States
CENTERPOINT ENERGY INC CNPCNP0.4600UtilitiesLarge-CapUnited States
SYMANTEC CORP SYMCSYMC0.4592Information TechnologyLarge-CapUnited States
ANTHEM INC ANTMANTM0.4540Health CareLarge-CapUnited States
VERIZON COMMUNICATIONS INC VZVZ0.4464Telecommunication ServicesLarge-CapUnited States
ANNALY CAPITAL MANAGEMENT IN NLYNLY0.4333FinancialsLarge-CapUnited States
DELEK US HOLDINGS INC DKDK0.4314EnergyMid-CapUnited States
APPLE HOSPITALITY REIT INC APLEAPLE0.4303Real EstateMid-CapUnited States
INTUIT INC INTUINTU0.4266Information TechnologyLarge-CapUnited States
SCIENCE APPLICATIONS INTE SAICSAIC0.4247Information TechnologyMid-CapUnited States
MDU RESOURCES GROUP INC MDUMDU0.4232UtilitiesMid-CapUnited States
SS&C TECHNOLOGIES HOLDINGS SSNCSSNC0.4186Information TechnologyLarge-CapUnited States
HAWAIIAN ELECTRIC INDS HEHE0.4159UtilitiesMid-CapUnited States
ERIE INDEMNITY COMPANY-CL A ERIEERIE0.4159FinancialsMid-CapUnited States
WP CAREY INC WPCWPC0.4152Real EstateMid-CapUnited States
PORTLAND GENERAL ELECTRIC CO PORPOR0.4123UtilitiesMid-CapUnited States
NAVIENT CORP NAVINAVI0.4076FinancialsMid-CapUnited States
BROADRIDGE FINANCIAL SOLUTIO BRBR0.4073Information TechnologyLarge-CapUnited States
CA INC CACA0.4005Information TechnologyLarge-CapUnited States
PARK HOTELS & RESORTS INC PKPK0.3948Real EstateMid-CapUnited States
AGNC INVESTMENT CORP AGNCAGNC0.3797FinancialsLarge-CapUnited States
CITIGROUP INC CC0.3732FinancialsLarge-CapUnited States
GREIF INC-CL B GEF/BGEF/B0.3690MaterialsMid-CapUnited States
TWO HARBORS INVESTMENT CORP TWOTWO0.3537FinancialsMid-CapUnited States
P G & E CORP PCGPCG0.3467UtilitiesLarge-CapUnited States
KOHLS CORP KSSKSS0.3407Consumer DiscretionaryLarge-CapUnited States
RYMAN HOSPITALITY PROPERTIES RHPRHP0.3145Real EstateMid-CapUnited States
PEPSICO INC PEPPEP0.2975Consumer StaplesLarge-CapUnited States
QUALCOMM INC QCOMQCOM0.2819Information TechnologyLarge-CapUnited States
VISA INC-CLASS A SHARES VV0.2790Information TechnologyLarge-CapUnited States
COCA-COLA CO/THE KOKO0.2721Consumer StaplesLarge-CapUnited States
VEREIT INC VERVER0.2657Real EstateLarge-CapUnited States
TARGA RESOURCES CORP TRGPTRGP0.2651EnergyLarge-CapUnited States
MCDONALDS CORP MCDMCD0.2576Consumer DiscretionaryLarge-CapUnited States
DARDEN RESTAURANTS INC DRIDRI0.2480Consumer DiscretionaryLarge-CapUnited States
PAYCHEX INC PAYXPAYX0.2459Information TechnologyLarge-CapUnited States
AMGEN INC AMGNAMGN0.2421Health CareLarge-CapUnited States
OMEGA HEALTHCARE INVESTORS OHIOHI0.2379Real EstateLarge-CapUnited States
PITNEY BOWES INC PBIPBI0.2003IndustrialsMid-CapUnited States
SPIRIT REALTY CAPITAL INC SRCSRC0.1944Real EstateMid-CapUnited States
PLAINS GP HOLDINGS LP-CL A PAGPPAGP0.1891EnergyMid-CapUnited States
TUPPERWARE BRANDS CORP TUPTUP0.1874Consumer DiscretionaryMid-CapUnited States
SENIOR HOUSING PROP TRUST SNHSNH0.1748Real EstateMid-CapUnited States
MFA FINANCIAL INC MFAMFA0.1723FinancialsMid-CapUnited States
PUBLIC STORAGE PSAPSA0.1557Real EstateLarge-CapUnited States
LEXINGTON REALTY TRUST LXPLXP0.1538Real EstateMid-CapUnited States
NETAPP INC NTAPNTAP0.1525Information TechnologyLarge-CapUnited States
SCRIPPS NETWORKS INTER-CL A SNISNI0.1442Consumer DiscretionaryLarge-CapUnited States
WALT DISNEY CO/THE DISDIS0.1421Consumer DiscretionaryLarge-CapUnited States
VECTOR GROUP LTD VGRVGR0.1417Consumer StaplesMid-CapUnited States
FIRST AMERICAN FINANCIAL FAFFAF0.1305FinancialsMid-CapUnited States
LAS VEGAS SANDS CORP LVSLVS0.1242Consumer DiscretionaryLarge-CapUnited States
SEAGATE TECHNOLOGY STXSTX0.1130Information TechnologyLarge-CapUnited States
TARGET CORP TGTTGT0.1028Consumer DiscretionaryLarge-CapUnited States
HOSPITALITY PROPERTIES TRUST HPTHPT0.0969Real EstateMid-CapUnited States
LASALLE HOTEL PROPERTIES LHOLHO0.0871Real EstateMid-CapUnited States
AIR PRODUCTS & CHEMICALS INC APDAPD0.0869MaterialsLarge-CapUnited States
PACKAGING CORP OF AMERICA PKGPKG0.0773MaterialsLarge-CapUnited States
MCKESSON CORP MCKMCK0.0714Health CareLarge-CapUnited States
GEO GROUP INC/THE GEOGEO0.0562Real EstateMid-CapUnited States
MACYS INC MM0.0430Consumer DiscretionaryLarge-CapUnited States
CARDINAL HEALTH INC CAHCAH0.0414Health CareLarge-CapUnited States
PATTERSON COS INC PDCOPDCO0.0197Health CareMid-CapUnited States
PRUDENTIAL FINANCIAL INC PRUPRU0.0100FinancialsLarge-CapUnited States
WILLIAMS-SONOMA INC WSMWSM0.0023Consumer DiscretionaryMid-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
09/18/201709/19/201709/22/20170.2959090000.295909
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.