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Northern Trust Quality Dividend Defensive Index

 
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Index Overview
The Northern Trust Quality Dividend Defensive 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 0.5 to 1.0 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 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: NTUQDDF
  • Total Return: NTUQDDFTR
Inception Date 30-Nov-12
Index Value at Inception Date1,000
Hypothetical Inception Date 30-Nov-00
Index Value at Hypothetical Inception Date484.05

Total Returns

As of 16-Jul-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
NTUQDDFTR
4.1458.8911.8656.7615.5033.5216.2731.68306.8712.82 30-Nov-12
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Index Characteristics
 
Index Constituents136
Weighted Average Market Capitalization$807,358,070,202.07
Weighted Average Yield2.26%
16-Jul-24
Weighted Average P/E23.97
Weighted Average P/B4.85
Weighted Average ROE23.52
Index Composition

Top 10 Constituents Weights
View All

as of 16-Jul-24
Security NameWeight
APPLE INC 6.66%
MICROSOFT CORP 5.78%
NVIDIA CORP 5.26%
JOHNSON & JOHNSON 3.06%
PROCTER & GAMBLE CO 3.01%
HOME DEPOT INC 2.98%
ABBVIE INC 2.83%
META PLATFORMS INC 2.49%
COCA-COLA CO 2.31%
BROADCOM INC 2.25%
% of Index36.63%

Index Sector Weightings
 

as of 16-Jul-24
SectorWeight
Information Technology 28.43%
Health Care 12.75%
Financials 11.07%
Industrials 10.63%
Communication Services 8.67%
Consumer Staples 8.32%
Consumer Discretionary 7.39%
Real Estate 5.51%
Utilities 4.98%
Energy 1.13%
Materials 1.12%
TOTAL100.00%
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 MethodologyIndex HoldingsRebalance ScheduleProforma Index HoldingsIndex Performance since
Hypothetical Inception
Northern Trust Quality Dividend Defensive Index
NTUQDDFTR
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