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Northern Trust International Quality Dividend Dynamic Index

 
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Index Overview
The Northern Trust International Quality Dividend Dynamic Index is designed to provide exposure to a high-quality income-oriented universe of long-only international securities issued by non-U.S.-based companies, with an emphasis on long-term capital growth and a targeted overall beta that is generally between 1.0 to 1.5 times that of the Northern Trust International Large Cap Index (the parent index). Companies that are included in the index are selected based on expected dividend payment and fundamental factors such as profitability, management efficiency, 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: NTIQDDY
  • Total Return: NTIQDDYTR
  • Net Total Return: NTIQDDYNTR
Inception Date 30-Nov-12
Index Value at Inception Date1,000
Hypothetical Inception Date 31-Dec-07
Index Value at Hypothetical Inception Date1,103.12

Total Returns

As of 19-Jun-24
 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
NTIQDDYNTR
-1.30-13.494.9321.069.7820.457.7216.99115.316.86 30-Nov-12
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Index Characteristics
 
Index Constituents168
Weighted Average Market Capitalization$86,138,569,465.78
Weighted Average Yield5.16%
19-Jun-24
Weighted Average P/E12.50
Weighted Average P/B1.91
Weighted Average ROE22.11
Index Composition

Top 10 Constituents Weights
View All

as of 19-Jun-24
Security NameWeight
BHP GROUP LTD 2.45%
ASML HOLDING NV 2.43%
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 2.03%
TOKYO ELECTRON LTD 2%
L'OREAL SA 1.98%
HITACHI LTD 1.85%
COMPAGNIE FINANCIERE RICHEMONT SA 1.52%
ROYAL BANK OF CANADA 1.50%
RECRUIT HOLDINGS 1.44%
CHINA CONSTRUCTION BANK CORP 1.38%
% of Index18.58%

Index Sector Weightings
 

as of 19-Jun-24
SectorWeight
Financials 23.71%
Industrials 15.52%
Information Technology 11.70%
Consumer Discretionary 10.73%
Materials 8.54%
Health Care 7.28%
Energy 7.16%
Consumer Staples 5.60%
Communication Services 4.55%
Utilities 3.02%
Real Estate 2.21%
TOTAL100.00%

Top 10 Country Weightings

as of 19-Jun-24
CountryWeight
JAPAN 12.47%
CHINA 9.16%
SWITZERLAND 8.89%
UNITED KINGDOM 7.88%
TAIWAN 6.54%
AUSTRALIA 5.99%
CANADA 5.16%
NETHERLANDS 5.11%
FRANCE 4.85%
ITALY 3.71%
% of Index69.76%
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 MethodologyIndex HoldingsRebalance ScheduleProforma Index HoldingsIndex Performance since
Hypothetical Inception
Northern Trust International Quality Dividend Dynamic Index
NTIQDDYNTR
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