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Northern Trust Quality Dividend Dynamic Index

 
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Index Overview
The Northern Trust Quality Dividend Dynamic Index is designed to 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 beta1 that is generally between 1.0 to 1.5 times that of the Northern Trust 1250 Index (the parent index). Companies included in the index are selected based on expected dividend payment and fundamental factors such as profitability, management expertise, and cash flow.
Index Construction
Optimized
Index Methodology
The construction of the index begins with a universe of eligible securities. Securities ranking in the lowest quintile of quality based on our proprietary scoring model, as well as those which do not pay a dividend, are removed prior to optimization. All remaining eligible securities are then optimized based on their exposure to quantitative factors such as:

  • Quality, as defined by our proprietary scoring model
  • Dividend yield
  • Beta
The main objective of the optimization is to maximize our exposure to the quality factor, realize a dividend yield above the benchmark index, and achieve our desired beta target all while minimizing the overall risk of the index versus its benchmark as measured by standard risk models.

For more details on this methodology, please see the Index Documents tab.
Index Return Streams Available
  • Price Return: NTUQDDY
  • Total Return: NTUQDDYTR
Inception Date30-NOV-12
Index Value at Inception Date1,000
Hypothetical Inception Date30-NOV-00
Index Value at Hypothetical Inception Date482.77

Total Returns

As of 19-FEB-18
 1 Month %1 Month Annualized %3 Month %3 Month Annualized %6 Month %6 Month Annualized %YTD %YTD Annualized %Since Inception %Since Inception Annualized %Inception Date
NTUQDDYTR
-3.83-36.837.1930.9715.2732.361.4311.16112.0015.4730-NOV-12
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Index Characteristics
 
Index Constituents142
Weighted Average Market Capitalization$141,403,032,494.56
Weighted Average Yield3.12%
19-FEB-18
Weighted Average P/E17.03
Weighted Average P/B3.09
Weighted Average ROE23.11
Index Composition

Top 10 Constituents Weights
View All

as of 19-FEB-18
Security NameWeight
JPMORGAN CHASE & CO4.24%
BOEING CO3.67%
ABBVIE INC3.47%
HOME DEPOT INC3.44%
WELLS FARGO & CO3.36%
VERIZON COMMUNICATIONS INC3.34%
PFIZER INC3.20%
APPLE INC2.80%
MERCK & CO INC2.49%
3M CO2.37%
% of Index32.38%

Index Sector Weightings
 

as of 19-FEB-18
SectorWeight
Information Technology21.50%
Financials18.21%
Health Care10.74%
Consumer Discretionary10.09%
Industrials9.55%
Energy7.30%
Consumer Staples6.54%
Real Estate6.07%
Materials4.39%
Telecommunication Services3.87%
Utilities1.75%
TOTAL100.00%
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 MethodologyIndex HoldingsRebalance ScheduleIndex Performance since
Hypothetical Inception
Northern Trust Quality Dividend Dynamic Index
NTUQDDYTR
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