QDF
FlexShares Quality Dividend Index Fund

Price: $55.01
Change: $0.14 (0.0%)
Category: All Cap Equities
Last Updated:

Vitals

Brand FlexShares
Structure ETF
Expense Ratio 0.37%
ETF Home Page Home page
Inception Dec 14, 2012

Analyst Report

The FlexShares Quality Dividend Index Fund (QDF) is part of Northern Trust’s stable of proprietary twists on factor investing. The fund follows a Northern Trust index that selects dividend-paying large-cap U.S. equities. Simple enough, but then the index weights the portfolio toward companies that earned the highest “dividend quality” scores. To prevent unintentional concentrations, the methodology caps the weighting of individual securities, industry groups, sectors and styles. Lastly, the fund tries to deliver “market-like beta” — jargon used to describe how volatile the performance is relative to the market. It’s another way of saying QDF tries to match market volatility.


The approach to market beta is the nuance that sets it apart from its sister funds FlexShares Quality Dividend Defensive Index Fund (QDEF) and FlexShares Quality Dividend Dynamic Index Fund (QDYN), which aim to reduce or exceed market swings, respectively. In practice, all three funds share many of the same top holdings, including blue-chip stocks like Apple, Johnson & Johnson and Microsoft. The difference comes down to weighting. QDEF might have less invested in volatile tech stocks than QDYN, while QDF will be somewhere in the middle.


As with many FlexShares funds, investors will pay a premium. Management fees, though not eye-popping for proprietary index strategies, are multiples higher than U.S. equity ETFs offered by massive passives like Vanguard and iShares. Is it worth it? Investors can look at it several different ways. There are plenty of other variations on dividend investing. There are traditional defensive mainstays like utility ETFs, such as the Utilities Select Sector SPDR (XLU). There are also the ultra-cheap dividend ETFs like the giant Vanguard Dividend Appreciation ETF (VIG) or the Vanguard High Dividend Yield ETF (VYM). Both offer more liquidity than QDF at a fraction of the price.

ETF Database Themes

Category All Cap Equities
Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Blend
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. - Total Market
Category Size and Style
Focus Total Market
Niche Broad-based
Strategy Multi-factor
Weighting Scheme Multi-Factor

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $46.83
  • 52 Week Hi $60.79
  • AUM $1,597.6 M
  • Shares 29.1 M

Historical Trading Data

  • 1 Month Avg. Volume 77,892
  • 3 Month Avg. Volume 73,541

Alternative ETFs in the ETF Database All Cap Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPTM 0.03% $5.8 B 818,783 -13.88%
Largest (AUM) SDY 0.35% $24.1 B 716,424 3.19%
Most Liquid (Volume) ARKK 0.75% $7.2 B 25 M -61.60%
Top YTD Performer RDIV 0.39% $919.2 M 74,671 12.11%

Alternative ETFs in the FactSet Equity: U.S. - Total Market Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BBUS 0.02% $1.4 B 97,958 -15.66%
Largest (AUM) VTI 0.03% $270.7 B 4 M -15.64%
Most Liquid (Volume) VTI 0.03% $270.7 B 4 M -15.64%
Top YTD Performer VAMO 0.64% $135.2 M 50,556 10.94%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

QDF ETF Database Category Average FactSet Segment Average
Number of Holdings 127 312 402
% of Assets in Top 10 33.95% 31.78% 31.31%
% of Assets in Top 15 42.55% 40.40% 39.58%
% of Assets in Top 50 71.27% 71.56% 70.58%

Size Comparison

QDF ETF Database Category Average FactSet Segment Average
Large (>12.9B) 84.78% 59.22% 70.77%
Mid (>2.7B) 15.22% 21.39% 14.32%
Small (>600M) 0.00% 6.60% 3.83%
Micro (<600M) 0.00% 1.54% 0.69%

QDF Valuation

This section compares the P/E ratio of this ETF to its peers.

QDF
P/E Ratio
25.55
ETF Database Category Average
P/E Ratio
14.78
FactSet Segment Average
P/E Ratio
17.47

QDF Dividend

This section compares the dividend yield of this ETF to its peers.

QDF ETF Database Category Average FactSet Segment Average
Dividend $ 0.30 $ 0.16 $ 0.15
Dividend Date 2021-09-17 N/A N/A
Annual Dividend Rate $ 1.11 $ 0.49 $ 0.52
Annual Dividend Yield 1.86% 0.80% 0.79%

QDF Price and Volume Charts

View charts featuring QDF price and volume data.

QDF Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -4.06 M 1 Month Net Flows: -23.33 M 3 Month Net Flows: -8.59 M 6 Month Net Flows: -17.11 M 1 Year Net Flows: 56.87 M 3 Year Net Flows: -287.11 M 5 Year Net Flows: -574.87 M 10 Year Net Flows: 876.04 M

QDF Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.