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Northern Trust International Quality Dividend Index

 
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Index Overview
The Northern Trust International Quality Dividend Index is designed to provide exposure to a high-quality income-oriented universe of long-only international equity securities issued by non-U.S.-based companies, with an emphasis on long-term capital growth and a targeted overall beta that is similar to that of the Northern Trust International Large Cap 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: NTIQD
  • Total Return: NTIQDTR
  • Net Total Return: NTIQDNTR
Inception Date30-NOV-12
Index Value at Inception Date1,000
Hypothetical Inception Date31-DEC-07
Index Value at Hypothetical Inception Date1,052.02

Total Returns

As of 22-SEP-20
 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
NTIQDNTR
-2.42-24.351.978.0430.1867.80-12.33-16.5723.652.7530-NOV-12
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Index Charactertistics
 
Index Constituents215
Weighted Average Market Capitalization$66,895,860,113.80
Weighted Average Yield5.42%
22-SEP-20
Weighted Average P/E12.44
Weighted Average P/B1.76
Weighted Average ROE20.14
Index Composition

Top 10 Constituents Weights
View All

as of 22-SEP-20
Security NameWeight
ROYAL BANK OF CANADA2.44%
ROCHE HOLDING AG2.33%
GLAXOSMITHKLINE PLC2.29%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA2.22%
ALLIANZ SE1.96%
L'OREAL SA1.96%
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD1.93%
NESTLE SA1.92%
NOVARTIS AG1.74%
NINTENDO CO LTD1.54%
% of Index20.33%

Index Sector Weightings
 

as of 22-SEP-20
SectorWeight
Financials18.74%
Industrials11.86%
Consumer Discretionary11.55%
Information Technology10.34%
Materials9.74%
Health Care9.02%
Consumer Staples8.17%
Communication Services6.94%
Energy6.17%
Utilities5.31%
Real Estate4.10%
TOTAL100.00%

Top 10 Country Weightings

as of 22-SEP-20
CountryWeight
JAPAN17.39%
UNITED KINGDOM11.25%
SWITZERLAND9.38%
CHINA7.80%
TAIWAN6.58%
AUSTRALIA5.37%
CANADA4.62%
FRANCE4.13%
RUSSIA3.84%
GERMANY3.25%
% of Index73.61%
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 MethodologyIndex HoldingsRebalance ScheduleProforma Index HoldingsIndex Performance since
Hypothetical Inception
Northern Trust International Quality Dividend Index
NTIQDNTR
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