NQSHYL Nasdaq US Shareholder Yield Index

The Index uses a multi-factor model to select stocks of mid- to large-capitalization U.S. companies within the Nasdaq U.S. Large Mid Cap Index. To be included in the index, the stock must be paying a dividend. All eligible stocks are scored using the average of nine factors: 1) Dividend Yield 2) Buyback Yield 3) Dividend Payout Per Share 4) Free Cash Flow to Price 5) Free Cash Flow Growth 3-Year Sharpe Ratio 6) EBITDA to Debt 7) Dividend Yield Historical Valuation (3-Year & 5-Year) 8) Dividend Growth (1-Year, 3-Year & 5-Year) 9) Free Cash Flow Growth (1-Year, 3-Year & 5-Year). The top 20% best scoring stocks are selected. Stocks are weighted such that securities in the top two deciles receive 65% and 35% of the index weight respectively. The Index is evaluated annually in March.

As of 04/29/2020

Index Information
Provider:     NASDAQ OMX
Category1:  US Equity
Category2:  Broad market
Category3:  Large and mid cap
Country:      USA
Currency:    USD
Inception date:  01/19/2016
Backtesting data exists:   Yes
Weighting methodology:   Composite scores
Number of holdings:  133
Rebalanced:  Annually
Reconstituted:  Annually
Total return version:  NQSHYLT

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