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Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FlexShares Quality Dividend Index Fund

QDF | ETF

$71.36

$1.92 B

2.72%

$1.93

0.38%

Vitals

YTD Return

18.3%

1 yr return

18.6%

3 Yr Avg Return

8.1%

5 Yr Avg Return

10.6%

Net Assets

$1.92 B

Holdings in Top 10

37.3%

52 WEEK LOW AND HIGH

$71.0
$60.46
$73.87

Expenses

OPERATING FEES

Expense Ratio 0.38%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 43.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FlexShares Quality Dividend Index Fund

QDF | ETF

$71.36

$1.92 B

2.72%

$1.93

0.38%

QDF - Profile

Distributions

  • YTD Total Return 18.3%
  • 3 Yr Annualized Total Return 8.1%
  • 5 Yr Annualized Total Return 10.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    FlexShares Quality Dividend Index Fund
  • Fund Family Name
    Flexshares Trust
  • Inception Date
    Dec 14, 2012
  • Shares Outstanding
    31550001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Anstine

Fund Description

The Underlying Index is designed to reflect the performance of a selection of companies that, in aggregate, provide exposure to a high-quality income-oriented universe 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 (the “Parent Index”), a float-adjusted market-capitalization weighted index of U.S. domiciled large- and mid-capitalization companies. Beta represents the market sensitivity, relative to a given market index and time period, and is one measure of volatility.
To derive the Underlying Index, NTI, acting in its capacity as the index provider (the “Index Provider”), begins with all securities in the Parent Index and then removes those securities that rank in the lowest quintile of quality based on a proprietary scoring model, as well as those which do not pay a dividend. The core components of the proprietary quality scoring model are based on quantitative rankingof various metrics obtained from company filings. These scores have three components: (i) management efficiency (e.g., corporate finance activities); (ii) profitability
(e.g., reliability and sustainability of financial performance); and (iii) cash flow (e.g., cash flow generation). The Index Provider then uses an optimization process to select and weight eligible securities in order to (a) maximize the overall quality score relative to the Parent Index; (b) attain an aggregate dividend yield in excess of the Parent Index; and (c) achieve the desired beta target. The optimization process also includes sector, industry group, single-security weight and turnover constraints to assist in reducing the Underlying Index’s overall active risk exposure to any one single factor. As of December 31, 2023, there were 130issues in the Underlying Index. The Underlying Index is reconstituted quarterly. The Fund generally reconstitutes its portfolio in accordance with the Underlying Index.
NTI uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” its Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued.
NTI uses a representative sampling strategy to manage the Fund. “Representative sampling” is investing in a representative sample of securities that collectively has an investment profile similar to the Underlying Index. The Fund may or may not hold all of the securities that are included in the Underlying Index. The Fund reserves the right to invest in substantially all of the securities in its Underlying Index in approximately the same proportions (i.e., replication) if NTI determines that it is in the best interest of the Fund.
Under normal circumstances, the Fund will invest at least 80% of its total assets (exclusive of collateral held from securities lending) in the securities of the Underlying Index. The Fund may also invest up to 20% of its assets in cash and cash equivalents, including shares of money market funds advised by NTI or its affiliates, futures contracts and options on futures contracts, as well as securities not included in the Underlying Index, but which NTI believes will help the Fund track its Underlying Index.
The Underlying Index is created and sponsored by NTI, as the Index Provider. NTI also serves as the investment adviser to the Fund. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
The Fund may lend securities representing up to one-third of the value of the Fund’s total assets (including the value of the collateral received).
Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of December 31, 2023, the Underlying Index was concentrated in the Information Technology sector. The components of the Underlying Index, and the degree to which these components represent certain industries or sectors, may change over time.
Read More

QDF - Performance

Return Ranking - Trailing

Period QDF Return Category Return Low Category Return High Rank in Category (%)
YTD 18.3% -18.1% 48.1% 13.68%
1 Yr 18.6% -16.1% 49.4% 15.93%
3 Yr 8.1%* -5.2% 18.0% 24.90%
5 Yr 10.6%* -0.9% 43.7% 23.49%
10 Yr 9.9%* 1.2% 24.7% 13.17%

* Annualized

Return Ranking - Calendar

Period QDF Return Category Return Low Category Return High Rank in Category (%)
2023 17.0% -16.9% 46.1% 6.75%
2022 -14.2% -64.7% 4.6% 72.34%
2021 24.1% -44.2% 57.5% 12.34%
2020 2.0% -23.2% 285.0% 28.11%
2019 21.8% -21.4% 48.5% 31.85%

Total Return Ranking - Trailing

Period QDF Return Category Return Low Category Return High Rank in Category (%)
YTD 18.3% -18.1% 48.1% 13.68%
1 Yr 18.6% -16.1% 49.4% 15.93%
3 Yr 8.1%* -5.2% 18.0% 24.90%
5 Yr 10.6%* -0.9% 43.7% 23.49%
10 Yr 9.9%* 1.2% 24.7% 13.17%

* Annualized

Total Return Ranking - Calendar

Period QDF Return Category Return Low Category Return High Rank in Category (%)
2023 19.7% -15.9% 46.7% 6.94%
2022 -12.1% -42.0% 8.5% 91.92%
2021 26.7% 3.6% 129.7% 41.82%
2020 4.9% -22.6% 304.8% 32.53%
2019 25.7% -12.7% 52.1% 47.78%

QDF - Holdings

Concentration Analysis

QDF Category Low Category High QDF % Rank
Net Assets 1.92 B 2.09 M 163 B 35.73%
Number of Holdings 142 2 1727 20.49%
Net Assets in Top 10 668 M 466 K 39.5 B 32.93%
Weighting of Top 10 37.29% 4.4% 99.1% 19.49%

Top 10 Holdings

  1. Apple, Inc. 9.27%
  2. Microsoft Corp. 5.10%
  3. NVIDIA Corp. 4.85%
  4. Johnson Johnson 3.18%
  5. AbbVie, Inc. 3.09%
  6. Procter Gamble Co. (The) 2.97%
  7. Coca-Cola Co. (The) 2.59%
  8. Meta Platforms, Inc., Class A 2.45%
  9. Other Repurchase Agreement 1.90%
  10. Accenture plc, Class A 1.88%

Asset Allocation

Weighting Return Low Return High QDF % Rank
Stocks 		99.24% 4.16% 102.49% 29.37%
Other 		5.76% -2.59% 39.89% 1.78%
Bonds 		0.34% 0.00% 97.99% 7.48%
Preferred Stocks 		0.00% 0.00% 13.68% 50.61%
Convertible Bonds 		0.00% 0.00% 3.66% 47.65%
Cash 		0.00% 0.00% 17.28% 98.50%

Stock Sector Breakdown

Weighting Return Low Return High QDF % Rank
Technology 		25.48% 0.00% 54.02% 1.79%
Healthcare 		14.40% 0.00% 30.08% 80.83%
Financial Services 		13.01% 0.00% 58.05% 91.41%
Industrials 		8.99% 0.00% 42.76% 78.19%
Consumer Cyclical 		8.29% 0.00% 22.74% 20.87%
Consumer Defense 		7.19% 0.00% 34.10% 67.42%
Communication Services 		6.38% 0.00% 26.58% 39.47%
Real Estate 		5.13% 0.00% 90.54% 17.19%
Basic Materials 		4.89% 0.00% 20.01% 18.89%
Energy 		3.28% 0.00% 54.00% 90.37%
Utilities 		2.98% 0.00% 27.04% 70.25%

Stock Geographic Breakdown

Weighting Return Low Return High QDF % Rank
US 		99.24% 4.16% 102.49% 25.07%
Non US 		0.00% 0.00% 24.08% 63.89%

Bond Sector Breakdown

Weighting Return Low Return High QDF % Rank
Derivative 		0.01% -2.59% 7.87% 9.73%
Cash & Equivalents 		0.00% 0.00% 100.00% 91.39%
Securitized 		0.00% 0.00% 40.38% 45.17%
Corporate 		0.00% 0.00% 100.00% 53.16%
Municipal 		0.00% 0.00% 0.02% 45.17%
Government 		0.00% 0.00% 100.00% 46.45%

Bond Geographic Breakdown

Weighting Return Low Return High QDF % Rank
US 		0.34% 0.00% 88.60% 7.48%
Non US 		0.00% 0.00% 9.39% 44.71%

QDF - Expenses

Operational Fees

QDF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.38% 0.03% 14.82% 91.74%
Management Fee 0.37% 0.00% 1.50% 13.88%
12b-1 Fee 0.00% 0.00% 1.00% 8.99%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

QDF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

QDF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

QDF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 43.00% 0.00% 488.00% 57.92%

QDF - Distributions

Dividend Yield Analysis

QDF Category Low Category High QDF % Rank
Dividend Yield 2.72% 0.00% 16.67% 57.40%

Dividend Distribution Analysis

QDF Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

QDF Category Low Category High QDF % Rank
Net Income Ratio N/A -1.51% 4.28% 5.04%

Capital Gain Distribution Analysis

QDF Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

QDF - Fund Manager Analysis

Managers

Robert Anstine

Start Date

Tenure

Tenure Rank

Oct 31, 2013

8.59

8.6%

Robert Anstine is Vice President of NTI. Mr. Anstine joined NTI in 2011 and is responsible for managing various global index equity portfolios. In addition, he has been involved with the investment management of the FlexShares equity index funds since their inception. Prior to joining NTI and since 2007, Mr. Anstine worked at Northern Trust as an operations manager.

Brendan Sullivan

Start Date

Tenure

Tenure Rank

Jun 21, 2016

5.95

6.0%

Brendan Sullivan is a Vice President of Northern Trust Investments Inc. Mr. Sullivan joined NTI in 2012 and is a Senior Portfolio Manager responsible for the management of international equity index portfolios, overlay mandates and equity exchange-traded funds. Prior to joining NTI in May 2012, Mr. Sullivan was an Index Strategist at RBC Capital Markets, where he produced research and advised clients on implementing strategies around index events.

Steven Santiccoli

Start Date

Tenure

Tenure Rank

Mar 25, 2021

1.18

1.2%

Steven Santiccoli is a Vice President of NTI. Mr. Santiccoli is responsible for managing various global index equity portfolios. In addition, he is a member of NTI’s global sustainable investing resource team.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.12 6.71

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