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
$ 551.2 M
ASSETS UNDER MGMT
37 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 | 8.4 % |
| NVIDIA CORP | 7.0 % |
| BROADCOM INC. | 5.2 % |
| MICROSOFT CORP | 3.5 % |
| ABBVIE INC | 2.7 % |
| JOHNSON & JOHNSON | 2.6 % |
| PROCTER & GAMBLE CO/THE | 2.6 % |
| ALPHABET INC. CLASS A | 2.6 % |
| KLA CORPORATION | 2.5 % |
| CISCO SYSTEMS INC | 2.5 % |
Constituent Breakdown
| Number of holdings | 138 |
| Herfindahl-Hirschman Index | 248 |
| Wgt avg mkt cap (mns) | $1,270,724 |
| Large cap (>$10bn) | 91.1% |
| Mid cap ($2-10bn) | 9.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.5% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 98.7 % |
 |
IRELAND | 1.2 % |
 |
CANADA | 0.6 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 7.5% | 17.5% | 15.2% | 15.9% | 10.1% | 9.0% | -- | 9.5% |
| Dividend Yield | 0.7% | 2.0% | 2.1% | 2.2% | 2.3% | 3.2% | -- | 3.1% |
| Total Returns | 8.2% | 19.6% | 17.3% | 18.1% | 12.4% | 12.1% | -- | 12.6% | Ann. Volatility | 10.8% | 9.8% | 12.9% | 11.9% | 13.8% | 16.1% | -- | 15.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.72 | 83% |
| MSCI EAFE | 0.49 | 61% |
| MSCI Emg Mkts | 0.29 | 44% |
Liquidity Measures
| Avg. volume (000) | 12 |
| ADV traded (mns) | $1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.08% |
Technical Indicators
| 30d moving avg. (EMA) | $87.13 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 0.53/0.41 |
| Bollinger Bands (Upper/Lower) | $89.04/$85.22 |
| Short interest (% of AUM) | 0.3% |
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 | 75.4% | 0 bp | -0.2% |
| QLC | FlexShares US Quality Large Cap Index Fund | 54.7% | -12 bp | -1.0% |
| FQAL | Fidelity Quality Factor ETF | 50.6% | -22 bp | +0.4% |
| FLQL | Franklin LibertyQ U.S. Equity ETF | 49.0% | -22 bp | -0.3% |
| PQUS | Pictet AI Enhanced US Equity ETF | 46.3% | -15 bp | -1.5% |
| FLRG | Fidelity U.S. Multifactor ETF | 44.5% | -22 bp | +1.4% |
| FDRR | Fidelity Dividend ETF for Rising Rates | 44.4% | -22 bp | +1.1% |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 43.8% | -8 bp | -1.4% |
| LCOW | Pacer S&P 500 Quality FCF Aristocrats ETF | 43.8% | +12 bp | -0.2% |
| DYNF | BlackRock U.S. Equity Factor Rotation ETF | 43.1% | -7 bp | -1.4% |
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 7/22/2026
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
6.3%
ALTAR SCORE™
67th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,398 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.1%. QDEF's ALTAR Score™ is approximately 0.4 standard
deviations above the category average. This places QDEF in the 67th percentile
among funds in the category.
Sell-Side Consensus
$97.79
PRICE TARGET
+10.6%
UPSIDE