AVRE vs. QDEF ETF Comparison

Comparison of Avantis Real Estate ETF (AVRE) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

AVRE

Avantis Real Estate ETF

AVRE Description

Avantis Real Estate ETF is an exchange traded fund launched and managed by American Century Investment Management, Inc. The fund invests in the public equity markets across the globe. It invests in the stocks of companies operating across financials, diversified financials, mortgage real estate investment trusts, mortgage reits, real estate, equity real estate investment trusts sectors. The fund invests in growth and value stocks of companies across diversified market capitalizations. It benchmarks the performance of its portfolio against the S&P Global REIT Index. American Century ETF Trust - Avantis Real Estate ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$45.07

Average Daily Volume

32,015

Number of Holdings ^*

* 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	AVRE	QDEF
30 Days	-1.88%	0.50%
60 Days	-4.38%	2.57%
90 Days	-1.46%	4.32%
12 Months	18.24%	30.06%

10 Overlapping Holdings

Symbol	Grade	Weight in AVRE	Weight in QDEF	Overlap
AMT	C	5.28%	0.82%	0.82%
AVB	B	1.98%	0.18%	0.18%
CPT	B	0.75%	0.51%	0.51%
CUBE	C	0.62%	0.4%	0.4%
EQR	C	1.75%	0.53%	0.53%
ESS	B	1.23%	0.54%	0.54%
MAA	B	1.06%	0.53%	0.53%
NNN	C	0.44%	0.21%	0.21%
OHI	C	0.6%	0.53%	0.53%
PSA	C	3.11%	0.59%	0.59%

AVRE Overweight 61 Positions Relative to QDEF

Symbol	Grade	Weight
PLD	F	5.99%
EQIX	A	5.1%
WELL	A	4.8%
DLR	B	3.26%
SPG	A	3.23%
O	C	2.83%
CCI	C	2.54%
EXR	C	2.09%
IRM	C	1.94%
VICI	C	1.9%
VTR	B	1.63%
SBAC	D	1.3%
INVH	D	1.12%
ARE	F	1.08%
KIM	A	0.95%
SUI	C	0.88%
DOC	C	0.86%
UDR	B	0.85%
REG	A	0.77%
GLPI	C	0.75%
ELS	C	0.71%
HST	C	0.7%
AMH	C	0.69%
LAMR	C	0.64%
WPC	C	0.6%
FRT	B	0.55%
REXR	F	0.53%
EGP	D	0.49%
ADC	A	0.41%
FR	D	0.39%
EPRT	B	0.39%
STAG	D	0.38%
RHP	B	0.37%
COLD	D	0.36%
KRG	B	0.34%
TRNO	F	0.32%
CTRE	C	0.27%
PECO	A	0.27%
NHI	D	0.24%
IRT	A	0.23%
SKT	A	0.22%
IIPR	D	0.21%
BNL	D	0.21%
APLE	B	0.2%
LXP	D	0.18%
SHO	D	0.15%
SBRA	C	0.15%
IVT	A	0.12%
FCPT	C	0.12%
LTC	B	0.11%
ELME	D	0.1%
UMH	B	0.09%
GTY	A	0.09%
ALEX	B	0.08%
NTST	C	0.06%
XHR	B	0.05%
DRH	B	0.05%
CHCT	C	0.03%
CUZ	B	0.02%
PSTL	D	0.01%
UHT	D	0.0%

AVRE Underweight 113 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%
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%
UNM	A	-0.65%
KO	D	-0.65%
EME	A	-0.64%
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%
GEN	B	-0.59%
AIZ	A	-0.58%
WTW	B	-0.58%
FAST	B	-0.58%
VIRT	A	-0.57%
CSWI	B	-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%
ORI	A	-0.54%
RMD	C	-0.54%
K	A	-0.53%
CSL	C	-0.53%
MET	A	-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%
RDN	D	-0.48%
LOW	C	-0.47%
NSA	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%
HRB	D	-0.45%
WU	F	-0.43%
EXPD	C	-0.42%
SAIC	F	-0.41%
WSM	C	-0.41%
DPZ	C	-0.41%
EVRG	A	-0.4%
EBAY	D	-0.4%
EXC	C	-0.39%
CHE	D	-0.39%
SWKS	F	-0.39%
V	A	-0.38%
MSM	C	-0.37%
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%
CAH	B	-0.17%
SCCO	F	-0.16%
BAH	F	-0.12%
DDS	B	-0.12%
WMT	A	-0.12%
ROL	B	-0.12%
ZTS	D	-0.11%
BAC	A	-0.02%