AFMC vs. QDEF ETF Comparison

Comparison of Active Factor Mid Cap ETF (AFMC) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

AFMC

Active Factor Mid Cap ETF

AFMC Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by mid capitalization companies. The manager defines mid capitalization companies as those that, at the time of investment, have a market capitalization between the minimum and maximum market capitalization of a widely recognized index of mid capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$34.24

Average Daily Volume

9,283

Number of Holdings ^*

244

* may have additional holdings in another (foreign) market

QDEF

FlexShares Quality Dividend Defensive Index Fund

QDEF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend Defensive IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility that is lower than that of the Northern Trust 1250 IndexSM. It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$72.83

Average Daily Volume

6,797

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	AFMC	QDEF
30 Days	5.13%	0.50%
60 Days	6.14%	2.57%
90 Days	7.25%	4.32%
12 Months	39.01%	30.06%

21 Overlapping Holdings

Symbol	Grade	Weight in AFMC	Weight in QDEF	Overlap
AIZ	A	0.37%	0.58%	0.37%
CAH	B	0.13%	0.17%	0.13%
CHE	D	0.4%	0.39%	0.39%
CPT	B	0.09%	0.51%	0.09%
CSL	C	0.82%	0.53%	0.53%
CSWI	B	0.33%	0.57%	0.33%
CUBE	C	0.1%	0.4%	0.1%
DDS	B	0.38%	0.12%	0.12%
EME	A	1.3%	0.64%	0.64%
GEN	B	0.1%	0.59%	0.1%
HRB	D	0.53%	0.45%	0.45%
MSM	C	0.26%	0.37%	0.26%
NNN	C	0.0%	0.21%	0.0%
NSA	C	0.26%	0.47%	0.26%
OHI	C	0.58%	0.53%	0.53%
ORI	A	1.12%	0.54%	0.54%
RDN	D	0.75%	0.48%	0.48%
SAIC	F	0.38%	0.41%	0.38%
UNM	A	0.9%	0.65%	0.65%
WSM	C	0.71%	0.41%	0.41%
WU	F	0.07%	0.43%	0.07%

AFMC Overweight 223 Positions Relative to QDEF

Symbol	Grade	Weight
SFM	A	1.95%
UTHR	C	1.66%
TOL	B	1.48%
THC	D	1.2%
AYI	B	1.19%
MLI	B	1.17%
ALSN	B	1.14%
GDDY	A	1.12%
KBH	D	1.12%
MTG	C	1.07%
FIX	A	1.0%
NRG	B	0.96%
VST	A	0.95%
IDCC	B	0.95%
INGR	C	0.92%
TPL	A	0.87%
ACT	C	0.86%
IBOC	B	0.86%
COKE	C	0.83%
CW	C	0.81%
TMHC	C	0.8%
OC	A	0.78%
HIW	C	0.78%
ESNT	F	0.78%
CACI	D	0.76%
SF	B	0.74%
JXN	C	0.73%
LII	A	0.73%
WBS	A	0.71%
TXRH	B	0.7%
CVLT	B	0.69%
JBL	C	0.69%
GLPI	C	0.68%
CNM	D	0.67%
FHI	B	0.67%
G	B	0.67%
FICO	B	0.66%
ERIE	D	0.64%
NXST	C	0.62%
WPC	C	0.62%
CMC	B	0.61%
AMG	B	0.61%
BLDR	D	0.6%
NTAP	C	0.59%
PRI	B	0.59%
BRBR	A	0.58%
MUSA	B	0.58%
BERY	C	0.57%
FFIV	B	0.57%
SNX	D	0.57%
EXP	B	0.57%
PHM	D	0.57%
CUZ	B	0.56%
TPR	B	0.56%
DBX	B	0.55%
NFG	A	0.55%
TGNA	B	0.54%
SBRA	C	0.53%
PSN	D	0.53%
PPC	C	0.53%
SANM	B	0.52%
CRS	B	0.52%
DECK	A	0.51%
ACIW	B	0.51%
HALO	F	0.51%
NYT	D	0.51%
ENS	F	0.5%
RPM	A	0.5%
CBSH	B	0.5%
MTH	D	0.49%
KMT	B	0.49%
MEDP	D	0.47%
CRUS	D	0.47%
BCC	B	0.46%
SNA	A	0.46%
NVST	B	0.46%
GMED	A	0.46%
UHS	D	0.46%
DINO	D	0.46%
BTU	B	0.45%
GHC	B	0.45%
PK	C	0.44%
ONTO	F	0.44%
NTCT	C	0.44%
HNI	B	0.44%
JLL	D	0.44%
PINC	B	0.44%
AMR	C	0.43%
AGCO	D	0.42%
PVH	C	0.41%
WFRD	D	0.4%
RGLD	C	0.4%
GEF	A	0.4%
MAN	F	0.39%
HLI	A	0.39%
LAMR	C	0.39%
EXEL	B	0.39%
JAZZ	B	0.39%
CHRD	D	0.39%
TEX	F	0.38%
CDP	C	0.38%
MOH	F	0.37%
ANF	F	0.37%
WSO	A	0.37%
STLD	B	0.36%
BYD	B	0.35%
UFPI	C	0.35%
RS	B	0.35%
ARW	D	0.34%
ADC	A	0.33%
UGI	C	0.33%
HWC	B	0.33%
COLB	B	0.33%
ASO	F	0.32%
GAP	C	0.32%
INCY	C	0.32%
SSB	B	0.31%
FHN	A	0.31%
EPR	C	0.31%
BDC	C	0.3%
TTEK	F	0.3%
APPF	B	0.3%
DKS	D	0.29%
CR	A	0.29%
FSS	B	0.29%
MANH	D	0.28%
AVT	C	0.28%
PBF	D	0.28%
NVT	B	0.27%
CHRW	B	0.27%
LOPE	C	0.27%
LNTH	D	0.27%
EHC	B	0.27%
RL	C	0.27%
ATKR	D	0.27%
WWD	C	0.26%
OLN	F	0.26%
WCC	B	0.26%
ZD	B	0.26%
JHG	B	0.26%
CTRE	C	0.26%
GPI	B	0.25%
HOG	D	0.25%
IBP	D	0.25%
CATY	B	0.25%
AN	C	0.25%
LPX	B	0.24%
ENSG	C	0.24%
CNA	C	0.24%
VMI	B	0.24%
ESAB	C	0.24%
TDC	D	0.23%
NBIX	C	0.22%
AIT	B	0.22%
HST	C	0.22%
L	A	0.21%
BWA	D	0.21%
CRVL	B	0.21%
LEA	F	0.21%
NAVI	F	0.2%
OZK	B	0.2%
JWN	D	0.19%
NEU	D	0.19%
HOMB	A	0.19%
PRGO	C	0.18%
SJM	D	0.18%
ADNT	F	0.18%
DXC	B	0.18%
CLF	F	0.18%
CRI	F	0.18%
HPP	F	0.17%
APLE	B	0.17%
SM	B	0.17%
CROX	D	0.17%
NUS	D	0.17%
ABG	C	0.17%
ZION	B	0.17%
VSH	F	0.15%
M	F	0.15%
ATR	B	0.15%
CASY	A	0.14%
BLD	D	0.13%
OPCH	D	0.12%
AEO	F	0.12%
BOX	B	0.11%
NSIT	F	0.11%
ELF	C	0.11%
TPH	D	0.11%
AOS	F	0.1%
EQH	C	0.1%
EXLS	B	0.1%
VNT	C	0.1%
BPMC	B	0.1%
LECO	C	0.09%
ITRI	C	0.09%
ITT	A	0.09%
CNXC	F	0.09%
AMN	F	0.09%
ZETA	D	0.08%
BRX	A	0.08%
HSIC	C	0.08%
APA	D	0.08%
OGN	F	0.08%
ASGN	F	0.08%
DCI	B	0.08%
DOCS	C	0.08%
HAE	C	0.08%
TAP	C	0.07%
SKX	D	0.07%
OSCR	D	0.06%
PBH	A	0.06%
PDCO	F	0.06%
MMSI	A	0.06%
SPSC	D	0.05%
ACLS	F	0.05%
AWI	A	0.05%
DVA	C	0.05%
BMI	B	0.04%
CXT	C	0.04%
LEVI	F	0.03%
IART	C	0.02%
VRNS	D	0.0%
PI	D	0.0%

AFMC Underweight 102 Positions Relative to QDEF

Symbol	Grade	Weight
AAPL	C	-6.07%
NVDA	B	-6.0%
MSFT	D	-4.97%
HD	B	-3.07%
JNJ	C	-2.93%
PG	C	-2.83%
META	D	-2.76%
ABBV	F	-2.6%
MRK	D	-2.25%
IBM	C	-1.7%
QCOM	F	-1.65%
PM	B	-1.65%
GOOGL	C	-1.36%
INTU	B	-1.29%
TMUS	B	-1.14%
ADP	A	-1.13%
GOOG	C	-1.1%
LMT	D	-1.05%
GILD	C	-1.03%
TJX	A	-0.99%
SBUX	A	-0.98%
AVGO	D	-0.88%
MO	A	-0.86%
CI	D	-0.83%
AMT	C	-0.82%
KLAC	F	-0.79%
T	A	-0.77%
DUK	C	-0.77%
ITW	B	-0.74%
MSI	B	-0.74%
JPM	A	-0.73%
CME	B	-0.71%
MCK	A	-0.71%
BK	A	-0.67%
MMM	D	-0.66%
VZ	C	-0.65%
KO	D	-0.65%
BWXT	B	-0.64%
PAYX	B	-0.63%
UMBF	B	-0.61%
CSCO	B	-0.61%
FIS	C	-0.6%
EA	A	-0.6%
AFL	B	-0.6%
CFR	B	-0.6%
PSA	C	-0.59%
WTW	B	-0.58%
FAST	B	-0.58%
VIRT	A	-0.57%
COR	B	-0.57%
LDOS	C	-0.57%
VRSK	A	-0.57%
D	C	-0.56%
WDFC	B	-0.55%
PPL	A	-0.55%
ESS	B	-0.54%
RMD	C	-0.54%
K	A	-0.53%
MET	A	-0.53%
EQR	C	-0.53%
MAA	B	-0.53%
PNW	A	-0.52%
IRDM	D	-0.52%
OTIS	C	-0.51%
KMB	C	-0.51%
XOM	B	-0.5%
OMF	A	-0.5%
LSTR	D	-0.49%
ED	C	-0.49%
AVY	F	-0.48%
DOX	D	-0.48%
BPOP	C	-0.48%
LOW	C	-0.47%
OGE	A	-0.47%
IPG	D	-0.46%
DELL	B	-0.46%
BMY	B	-0.45%
GIS	D	-0.45%
VRT	B	-0.45%
EXPD	C	-0.42%
DPZ	C	-0.41%
EVRG	A	-0.4%
EBAY	D	-0.4%
EXC	C	-0.39%
SWKS	F	-0.39%
V	A	-0.38%
BSY	F	-0.37%
STNG	F	-0.36%
STWD	C	-0.32%
NEP	F	-0.32%
WEC	A	-0.28%
PEG	A	-0.26%
COST	A	-0.24%
MA	B	-0.23%
MAS	D	-0.23%
AVB	B	-0.18%
SCCO	F	-0.16%
BAH	F	-0.12%
WMT	A	-0.12%
ROL	B	-0.12%
ZTS	D	-0.11%
BAC	A	-0.02%