QDEF
FlexShares Quality Dividend Defensive Index Fund
FlexShares Quality Dividend Defensive Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Northern Trust Quality Dividend Defensive Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 544.0 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Inception date | Dec 14, 2012 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 9.1 % |
| NVIDIA CORP | 6.4 % |
| MICROSOFT CORP | 4.5 % |
| JOHNSON & JOHNSON | 2.9 % |
| BROADCOM INC. | 2.5 % |
| PHILIP MORRIS INTERNATIONAL | 2.2 % |
| ELI LILLY & CO | 2.2 % |
| JPMORGAN CHASE & CO | 2.0 % |
| ALPHABET INC. CLASS A | 1.9 % |
| ALPHABET INC. CLASS C | 1.5 % |
Constituent Breakdown
| Number of holdings | 157 |
| Herfindahl-Hirschman Index | 231 |
| Wgt avg mkt cap (mns) | $1,314,172 |
| Large cap (>$10bn) | 85.9% |
| Mid cap ($2-10bn) | 11.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.4% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 94.8 % |
 |
IRELAND | 1.4 % |
 |
CANADA | 0.6 % |
 |
BERMUDA | 0.6 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 9.9% | 11.2% | 11.5% | 18.0% | 10.9% | 9.0% | -- | 9.5% |
| Dividend Yield | 0.7% | 1.5% | 1.8% | 2.1% | 2.2% | 3.1% | -- | 3.1% |
| Total Returns | 10.6% | 12.7% | 13.3% | 20.1% | 13.0% | 12.1% | -- | 12.6% | Ann. Volatility | 10.0% | 10.0% | 12.6% | 11.9% | 13.7% | 16.1% | -- | 15.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.69 | 79% |
| MSCI EAFE | 0.48 | 58% |
| MSCI Emg Mkts | 0.24 | 38% |
Liquidity Measures
| Avg. volume (000) | 8 |
| ADV traded (mns) | $1 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| 30d moving avg. (EMA) | $90.71 |
| Relative strength (RSI) | 50 |
| MACD/Signal | 0.09/0.19 |
| Bollinger Bands (Upper/Lower) | $91.70/$90.23 |
| Short interest (% of AUM) | 0.2% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QDEF |
Expenses vs. QDEF |
ALTAR Score™ vs. QDEF |
|---|---|---|---|---|
| QDF | FlexShares Quality Dividend Index Fund | 73.3% | 0 bp | -0.2% |
| QLC | FlexShares US Quality Large Cap Index Fund | 54.0% | -14 bp | -0.4% |
| FLQL | Franklin LibertyQ U.S. Equity ETF | 50.3% | -25 bp | -0.6% |
| FQAL | Fidelity Quality Factor ETF | 49.4% | -25 bp | -0.6% |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 47.2% | -11 bp | -1.2% |
| FLRG | Fidelity U.S. Multifactor ETF | 47.1% | -25 bp | +0.7% |
| MGC | Vanguard Mega Cap ETF | 46.0% | -35 bp | -1.6% |
| FDRR | Fidelity Dividend ETF for Rising Rates | 45.5% | -25 bp | -0.2% |
| IWL | iShares Russell Top 200 ETF | 45.4% | -25 bp | -1.7% |
| LRGF | iShares U.S. Equity Factor ETF | 45.4% | -32 bp | -1.2% |
Risk and Returns: QDEF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
6.9%
ALTAR SCORE™
72nd
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,388 funds in the US Equity category with an average
ALTAR Score™ of 5.7% and a standard deviation
of 2.1%. QDEF's ALTAR Score™ is approximately 0.6 standard
deviations above the category average. This places QDEF in the 72nd percentile
among funds in the category.
Sell-Side Consensus
$107.77
PRICE TARGET
+21.7%
UPSIDE