Sector allocations include financials 19.3%, information tech 15.7%, consumer staples 12.6%, energy 11.3%, consumer discretionary 9.2%, health care 8.9%, industrials 7.7%, utilities 6.7%, telecom services 5.4% and materials 3.3%.
All three ETFs come with a 0.37% expense ratio.
“Our research shows that a high-quality, yield-focused equity position can potentially act as a return stabilizer for a broader portfolio, mitigate risk in volatile markets and provide higher dividend growth,” Shundrawn Thomas, head of Northern Trust’s Exchange Traded Funds Group, said in a note. “The new equity funds are designed to outperform in a variety of market environments, including upward- and downward-trending markets.”
In a SEC filing, the fund provider also planned three other international dividend ETFs to fill out its suite of dividend-focused products, including FlexShares International Quality Dividend Index Fund (NYSEArca: IQDF), FlexShares International Quality Dividend Dynamic Index Fund (NYSEArca: IQDY) and FlexShares International Quality Dividend Defensive Index Fund (NYSEArca: IQDE).
For more information on new product launches, visit our new ETFs category.
Max Chen contributed to this article.