The Global X S&P 500® Quality Dividend ETF (QDIV) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P 500® Quality High Dividend Index. The Index is designed to track the performance of U.S. equity securities included in the S&P 500 that exhibit high quality and high dividend yield characteristics.
To be eligible, companies must rank within the top 200 of the S&P 500 by both a quality score — derived from return on equity, accruals, and financial leverage — and by indicated annual dividend yield. The Index includes a minimum of 50 qualifying companies, weighted equally (subject to a sector cap). The fund seeks to make monthly distributions.