BALI vs. QDEF ETF Comparison

Comparison of BlackRock Advantage Large Cap Income ETF (BALI) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

BALI

BlackRock Advantage Large Cap Income ETF

BALI Description

Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in large cap equity securities and derivatives that have similar economic characteristics to such securities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.09

Average Daily Volume

95,490

Number of Holdings ^*

149

* 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

$72.79

Average Daily Volume

6,852

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	BALI	QDEF
30 Days	2.84%	1.58%
60 Days	3.90%	2.63%
90 Days	5.67%	4.66%
12 Months	27.77%	30.49%

46 Overlapping Holdings

Symbol	Grade	Weight in BALI	Weight in QDEF	Overlap
AAPL	C	7.52%	6.07%	6.07%
AVB	B	0.15%	0.18%	0.15%
AVGO	D	0.64%	0.88%	0.64%
CAH	B	1.12%	0.17%	0.17%
CI	F	0.12%	0.83%	0.12%
CME	A	1.12%	0.71%	0.71%
COST	B	0.0%	0.24%	0.0%
CPT	B	0.18%	0.51%	0.18%
CSCO	B	0.36%	0.61%	0.36%
DDS	B	0.11%	0.12%	0.11%
DUK	C	0.1%	0.77%	0.1%
ED	D	0.06%	0.49%	0.06%
EME	C	0.3%	0.64%	0.3%
EXC	C	0.31%	0.39%	0.31%
EXPD	D	0.44%	0.42%	0.42%
GILD	C	1.32%	1.03%	1.03%
GOOG	C	1.67%	1.1%	1.1%
GOOGL	C	3.06%	1.36%	1.36%
HD	A	0.01%	3.07%	0.01%
JNJ	D	0.03%	2.93%	0.03%
JPM	A	1.16%	0.73%	0.73%
K	A	0.04%	0.53%	0.04%
KMB	D	1.01%	0.51%	0.51%
LDOS	C	0.4%	0.57%	0.4%
LMT	D	1.09%	1.05%	1.05%
MA	C	1.81%	0.23%	0.23%
MCK	B	0.21%	0.71%	0.21%
META	D	1.57%	2.76%	1.57%
MO	A	0.8%	0.86%	0.8%
MRK	F	1.35%	2.25%	1.35%
MSFT	F	7.07%	4.97%	4.97%
MSI	B	0.56%	0.74%	0.56%
NNN	D	0.25%	0.21%	0.21%
NVDA	C	7.31%	6.0%	6.0%
OHI	C	0.15%	0.53%	0.15%
OMF	A	1.1%	0.5%	0.5%
PG	A	0.15%	2.83%	0.15%
PM	B	1.26%	1.65%	1.26%
PNW	B	1.0%	0.52%	0.52%
QCOM	F	1.02%	1.65%	1.02%
T	A	1.07%	0.77%	0.77%
TJX	A	0.34%	0.99%	0.34%
V	A	1.33%	0.38%	0.38%
VZ	C	0.93%	0.65%	0.65%
WMT	A	1.22%	0.12%	0.12%
XOM	B	0.4%	0.5%	0.4%

BALI Overweight 103 Positions Relative to QDEF

Symbol	Grade	Weight
AMZN	C	4.94%
CVX	A	1.53%
MMC	B	1.22%
WM	A	1.22%
PGR	A	1.2%
PFE	D	1.19%
SHW	A	1.18%
CTAS	B	1.15%
UPS	C	1.13%
TSLA	B	1.06%
RSG	A	1.06%
C	A	1.05%
FTNT	C	1.0%
UNH	C	0.98%
LLY	F	0.94%
MDT	D	0.93%
CMCSA	B	0.9%
CL	D	0.87%
BRK.A	B	0.84%
KR	B	0.83%
F	C	0.82%
NOC	D	0.82%
TFC	A	0.65%
AMGN	D	0.62%
LRCX	F	0.59%
HCA	F	0.57%
TXRH	C	0.54%
ADBE	C	0.52%
COP	C	0.5%
CCEP	C	0.47%
HESM	B	0.46%
UTHR	C	0.46%
SYK	C	0.45%
NBIX	C	0.44%
FE	C	0.42%
MANH	D	0.41%
TT	A	0.4%
ALL	A	0.4%
HAL	C	0.39%
MU	D	0.37%
NOW	A	0.37%
ETN	A	0.36%
ES	D	0.35%
TRV	B	0.34%
NTRA	B	0.33%
MTN	C	0.31%
CMS	C	0.3%
OSK	B	0.28%
SPGI	C	0.26%
NTAP	C	0.26%
HUBS	A	0.25%
WRB	A	0.25%
PH	A	0.24%
CRWD	B	0.23%
SPG	B	0.23%
WING	D	0.22%
HAS	D	0.21%
ELV	F	0.2%
PCAR	B	0.2%
EXEL	B	0.18%
NFLX	A	0.15%
TSCO	D	0.14%
GD	F	0.14%
BSX	B	0.14%
INCY	C	0.14%
BKNG	A	0.13%
SMAR	A	0.12%
KMI	A	0.11%
IDA	A	0.1%
TMO	F	0.1%
CSX	B	0.07%
HES	B	0.07%
DHI	D	0.07%
KRG	B	0.07%
WCN	A	0.06%
ACN	C	0.06%
NYT	C	0.05%
ROST	C	0.05%
WHR	B	0.05%
SNAP	C	0.04%
DOC	D	0.04%
GWW	B	0.03%
BIIB	F	0.03%
INGR	B	0.03%
CBOE	B	0.03%
IVZ	B	0.02%
NUE	C	0.02%
PAG	B	0.02%
MELI	D	0.02%
SON	D	0.02%
FLEX	A	0.02%
JNPR	F	0.02%
DVN	F	0.01%
CLX	B	0.01%
LEVI	F	0.01%
XP	F	0.01%
CAG	D	0.01%
FOXA	B	0.0%
TSN	B	0.0%
BBY	D	0.0%
MCD	D	0.0%
EQIX	A	0.0%
RGA	A	0.0%

BALI Underweight 77 Positions Relative to QDEF

Symbol	Grade	Weight
ABBV	D	-2.6%
IBM	C	-1.7%
INTU	C	-1.29%
TMUS	B	-1.14%
ADP	B	-1.13%
SBUX	A	-0.98%
AMT	D	-0.82%
KLAC	D	-0.79%
ITW	B	-0.74%
BK	A	-0.67%
MMM	D	-0.66%
UNM	A	-0.65%
KO	D	-0.65%
BWXT	B	-0.64%
PAYX	C	-0.63%
UMBF	B	-0.61%
FIS	C	-0.6%
EA	A	-0.6%
AFL	B	-0.6%
CFR	B	-0.6%
GEN	B	-0.59%
PSA	D	-0.59%
AIZ	A	-0.58%
WTW	B	-0.58%
FAST	B	-0.58%
VIRT	B	-0.57%
CSWI	A	-0.57%
COR	B	-0.57%
VRSK	A	-0.57%
D	C	-0.56%
WDFC	B	-0.55%
PPL	B	-0.55%
ORI	A	-0.54%
ESS	B	-0.54%
RMD	C	-0.54%
CSL	C	-0.53%
MET	A	-0.53%
EQR	B	-0.53%
MAA	B	-0.53%
IRDM	D	-0.52%
OTIS	C	-0.51%
LSTR	D	-0.49%
AVY	D	-0.48%
DOX	D	-0.48%
BPOP	B	-0.48%
RDN	C	-0.48%
LOW	D	-0.47%
NSA	D	-0.47%
OGE	B	-0.47%
IPG	D	-0.46%
DELL	C	-0.46%
BMY	B	-0.45%
GIS	D	-0.45%
VRT	B	-0.45%
HRB	D	-0.45%
WU	D	-0.43%
SAIC	F	-0.41%
WSM	B	-0.41%
DPZ	C	-0.41%
CUBE	D	-0.4%
EVRG	A	-0.4%
EBAY	D	-0.4%
CHE	D	-0.39%
SWKS	F	-0.39%
MSM	C	-0.37%
BSY	D	-0.37%
STNG	F	-0.36%
STWD	C	-0.32%
NEP	F	-0.32%
WEC	A	-0.28%
PEG	A	-0.26%
MAS	D	-0.23%
SCCO	F	-0.16%
BAH	F	-0.12%
ROL	B	-0.12%
ZTS	D	-0.11%
BAC	A	-0.02%