BSV vs. QDEF ETF Comparison

Comparison of Vanguard Short-Term Bond ETF (BSV) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

BSV

Vanguard Short-Term Bond ETF

BSV Description

The investment seeks to track the performance of a market-weighted bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 1 and 5 years and are publicly issued. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds held in the index.

Grade (RS Rating)

Last Trade

$77.31

Average Daily Volume

2,070,466

Number of Holdings ^*

441

* 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

$72.55

Average Daily Volume

6,797

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	BSV	QDEF
30 Days	-0.39%	0.50%
60 Days	-1.31%	2.57%
90 Days	-0.35%	4.32%
12 Months	5.42%	30.06%

85 Overlapping Holdings

Symbol	Grade	Weight in BSV	Weight in QDEF	Overlap
AAPL	C	0.01%	6.07%	0.01%
ABBV	F	0.01%	2.6%	0.01%
ADP	A	0.01%	1.13%	0.01%
AFL	B	0.01%	0.6%	0.01%
AIZ	A	0.01%	0.58%	0.01%
AMT	C	0.01%	0.82%	0.01%
AVB	B	0.01%	0.18%	0.01%
AVGO	D	0.01%	0.88%	0.01%
BAC	A	0.01%	0.02%	0.01%
BK	A	0.01%	0.67%	0.01%
BMY	B	0.01%	0.45%	0.01%
CAH	B	0.01%	0.17%	0.01%
CI	D	0.01%	0.83%	0.01%
CME	B	0.01%	0.71%	0.01%
COST	A	0.01%	0.24%	0.01%
CPT	B	0.01%	0.51%	0.01%
CSCO	B	0.01%	0.61%	0.01%
CSL	C	0.01%	0.53%	0.01%
CUBE	C	0.01%	0.4%	0.01%
D	C	0.01%	0.56%	0.01%
DELL	B	0.01%	0.46%	0.01%
DUK	C	0.01%	0.77%	0.01%
EA	A	0.01%	0.6%	0.01%
EBAY	D	0.01%	0.4%	0.01%
ED	C	0.01%	0.49%	0.01%
EQR	C	0.01%	0.53%	0.01%
ESS	B	0.01%	0.54%	0.01%
EVRG	A	0.01%	0.4%	0.01%
EXC	C	0.01%	0.39%	0.01%
FIS	C	0.01%	0.6%	0.01%
GILD	C	0.01%	1.03%	0.01%
GIS	D	0.01%	0.45%	0.01%
GOOGL	C	0.01%	1.36%	0.01%
HD	B	0.01%	3.07%	0.01%
HRB	D	0.01%	0.45%	0.01%
IBM	C	0.01%	1.7%	0.01%
INTU	B	0.01%	1.29%	0.01%
IPG	D	0.01%	0.46%	0.01%
ITW	B	0.01%	0.74%	0.01%
JNJ	C	0.01%	2.93%	0.01%
JPM	A	0.01%	0.73%	0.01%
K	A	0.01%	0.53%	0.01%
KLAC	F	0.02%	0.79%	0.02%
KMB	C	0.01%	0.51%	0.01%
KO	D	0.01%	0.65%	0.01%
LDOS	C	0.01%	0.57%	0.01%
LMT	D	0.01%	1.05%	0.01%
LOW	C	0.01%	0.47%	0.01%
MA	B	0.01%	0.23%	0.01%
MAA	B	0.01%	0.53%	0.01%
MAS	D	0.01%	0.23%	0.01%
MCK	A	0.01%	0.71%	0.01%
MET	A	0.01%	0.53%	0.01%
MMM	D	0.01%	0.66%	0.01%
MO	A	0.01%	0.86%	0.01%
MRK	D	0.01%	2.25%	0.01%
MSFT	D	0.01%	4.97%	0.01%
MSI	B	0.01%	0.74%	0.01%
NNN	C	0.01%	0.21%	0.01%
NVDA	B	0.01%	6.0%	0.01%
OHI	C	0.01%	0.53%	0.01%
ORI	A	0.01%	0.54%	0.01%
OTIS	C	0.02%	0.51%	0.02%
PEG	A	0.01%	0.26%	0.01%
PG	C	0.01%	2.83%	0.01%
PM	B	0.01%	1.65%	0.01%
PNW	A	0.01%	0.52%	0.01%
PPL	A	0.01%	0.55%	0.01%
PSA	C	0.01%	0.59%	0.01%
QCOM	F	0.01%	1.65%	0.01%
SBUX	A	0.01%	0.98%	0.01%
SCCO	F	0.01%	0.16%	0.01%
SWKS	F	0.01%	0.39%	0.01%
T	A	0.01%	0.77%	0.01%
TJX	A	0.01%	0.99%	0.01%
TMUS	B	0.01%	1.14%	0.01%
UNM	A	0.01%	0.65%	0.01%
V	A	0.02%	0.38%	0.02%
VRSK	A	0.01%	0.57%	0.01%
VZ	C	0.02%	0.65%	0.02%
WEC	A	0.01%	0.28%	0.01%
WMT	A	0.01%	0.12%	0.01%
WU	F	0.01%	0.43%	0.01%
XOM	B	0.01%	0.5%	0.01%
ZTS	D	0.01%	0.11%	0.01%

BSV Overweight 356 Positions Relative to QDEF

Symbol	Grade	Weight
WIT	B	0.26%
CARR	C	0.03%
STLA	F	0.02%
TAP	C	0.02%
BIIB	F	0.02%
MDT	D	0.02%
NOC	D	0.02%
NI	A	0.02%
VOD	F	0.02%
ETN	A	0.02%
MCHP	F	0.02%
DD	C	0.02%
CHTR	C	0.02%
NEU	D	0.01%
NDAQ	A	0.01%
NVT	B	0.01%
NTAP	C	0.01%
MOS	F	0.01%
PCAR	B	0.01%
MLM	C	0.01%
LNC	C	0.01%
MHK	D	0.01%
LIN	C	0.01%
OGS	A	0.01%
MCO	B	0.01%
IVZ	B	0.01%
HRL	D	0.01%
HP	C	0.01%
HOG	D	0.01%
JHG	B	0.01%
HES	B	0.01%
JEF	A	0.01%
JD	D	0.01%
IFF	D	0.01%
HAS	D	0.01%
L	A	0.01%
JCI	B	0.01%
H	B	0.01%
GXO	B	0.01%
KMPR	A	0.01%
ES	C	0.01%
EQH	C	0.01%
EPR	C	0.01%
DHI	F	0.01%
FTNT	C	0.01%
EL	F	0.01%
EFX	F	0.01%
FRT	B	0.01%
DAL	B	0.01%
FNB	A	0.01%
DXC	B	0.01%
FMC	D	0.01%
FLS	B	0.01%
GBDC	D	0.01%
BC	C	0.01%
ALLE	C	0.01%
BAX	F	0.01%
CNA	C	0.01%
CMI	A	0.01%
AVT	C	0.01%
CLX	A	0.01%
BRX	A	0.01%
ATO	A	0.01%
AEP	C	0.01%
AEE	A	0.01%
ADM	D	0.01%
CHD	A	0.01%
ARW	D	0.01%
CF	A	0.01%
BKU	A	0.01%
CE	F	0.01%
CDNS	B	0.01%
AON	A	0.01%
A	D	0.01%
BEN	C	0.01%
AN	C	0.01%
CACC	D	0.01%
BDN	C	0.01%
BCSF	C	0.01%
AMG	B	0.01%
THG	A	0.01%
TEL	B	0.01%
WAL	B	0.01%
SYK	B	0.01%
SWK	D	0.01%
VNT	C	0.01%
TRMB	B	0.01%
XEL	A	0.01%
WPC	C	0.01%
SLG	B	0.01%
SKT	A	0.01%
SITC	D	0.01%
RS	B	0.01%
ROST	D	0.01%
PVH	C	0.01%
PHM	D	0.01%
RL	C	0.01%
PFG	D	0.01%
DOC	C	0.01%
RGA	A	0.01%
SPGI	C	0.01%
PPG	F	0.01%
SNX	D	0.01%
SNV	C	0.01%
MAIN	A	0.01%
NFG	A	0.01%
NEM	D	0.01%
ORLY	B	0.01%
OPI	F	0.01%
LNT	A	0.01%
LLY	F	0.01%
LII	A	0.01%
OCSL	F	0.01%
OC	A	0.01%
LEG	F	0.01%
LAZ	B	0.01%
NTRS	A	0.01%
MRVL	B	0.01%
PDM	D	0.01%
NSC	B	0.01%
MP	C	0.01%
KIM	A	0.01%
KEYS	A	0.01%
GSBD	F	0.01%
HUBB	B	0.01%
HSY	F	0.01%
JNPR	D	0.01%
IP	A	0.01%
HII	F	0.01%
ILMN	C	0.01%
JBHT	C	0.01%
GWW	B	0.01%
KSS	F	0.01%
KRC	B	0.01%
KR	B	0.01%
DLR	B	0.01%
FHN	A	0.01%
EMR	B	0.01%
EMN	C	0.01%
FTV	C	0.01%
FDX	B	0.01%
DVN	F	0.01%
CTVA	C	0.01%
FAF	A	0.01%
FLEX	B	0.01%
DOW	F	0.01%
DOV	A	0.01%
COKE	C	0.01%
ALB	B	0.01%
CNP	A	0.01%
CNH	C	0.01%
BWA	D	0.01%
BABA	D	0.01%
CMS	C	0.01%
AWH	F	0.01%
AFG	A	0.01%
BRO	B	0.01%
BR	A	0.01%
ADSK	A	0.01%
ADI	D	0.01%
CFG	B	0.01%
BKH	A	0.01%
APTV	F	0.01%
APH	A	0.01%
APD	A	0.01%
AMAT	F	0.01%
CP	F	0.01%
UDR	B	0.01%
UAL	A	0.01%
TDY	B	0.01%
WAB	B	0.01%
TXT	D	0.01%
TSLX	C	0.01%
VOYA	B	0.01%
VNO	C	0.01%
VMC	B	0.01%
WY	F	0.01%
VFC	C	0.01%
TKR	D	0.01%
WM	B	0.01%
WHR	B	0.01%
ROK	C	0.01%
RNR	C	0.01%
SF	B	0.01%
PSEC	D	0.01%
RF	A	0.01%
SBRA	C	0.01%
GLPI	C	0.01%
HAL	C	0.01%
KEY	B	0.01%
KDP	F	0.01%
HUM	C	0.01%
NUE	C	0.01%
LYB	F	0.01%
LHX	C	0.01%
LH	B	0.01%
O	C	0.01%
NXPI	D	0.01%
MDLZ	F	0.01%
BHP	F	0.01%
BG	D	0.01%
CRM	B	0.01%
AZO	C	0.01%
AWK	C	0.01%
AGR	A	0.01%
CL	D	0.01%
DHR	F	0.01%
DTE	C	0.01%
ETR	B	0.01%
CNO	B	0.01%
HST	C	0.01%
GP	F	0.01%
MAR	A	0.01%
LRCX	F	0.01%
MKC	C	0.01%
AMGN	F	0.01%
WB	D	0.01%
VTR	B	0.01%
SYY	D	0.01%
SYF	B	0.01%
STLD	B	0.01%
SRE	A	0.01%
R	B	0.01%
PKG	A	0.01%
PYPL	B	0.01%
PRU	A	0.01%
AES	F	0.01%
ABT	B	0.01%
HBAN	A	0.01%
KMI	A	0.01%
DLTR	F	0.01%
EOG	A	0.01%
DGX	A	0.01%
EIX	B	0.01%
DE	B	0.01%
FSK	A	0.01%
LEN	D	0.01%
UNP	C	0.01%
TT	A	0.01%
ADBE	C	0.01%
BLK	B	0.01%
BIDU	F	0.01%
FANG	C	0.01%
CSX	C	0.01%
EXPE	B	0.01%
AL	B	0.01%
BXP	C	0.01%
WLK	D	0.01%
RSG	A	0.01%
SHW	B	0.01%
ROP	B	0.01%
COP	C	0.01%
STT	B	0.01%
VLO	C	0.01%
TMO	F	0.01%
WEST	C	0.01%
WMB	A	0.01%
SLB	C	0.01%
RPRX	D	0.01%
PH	A	0.01%
CB	C	0.01%
CPB	D	0.01%
USB	A	0.01%
UPS	C	0.01%
TGT	F	0.01%
UNH	B	0.01%
WBA	F	0.01%
AIG	B	0.01%
CM	A	0.01%
AER	A	0.01%
CCI	C	0.01%
BERY	C	0.01%
GD	D	0.01%
ALLY	C	0.01%
CAF	D	0.01%
ICE	C	0.01%
ET	A	0.01%
EQIX	A	0.01%
FOXA	A	0.01%
OMC	C	0.01%
MCD	D	0.01%
GPN	B	0.01%
HON	C	0.01%
GE	D	0.01%
SPG	A	0.01%
LVS	B	0.01%
NKE	F	0.01%
MMC	B	0.01%
PAA	B	0.01%
TFC	A	0.01%
TXN	C	0.01%
ZBH	C	0.01%
STZ	D	0.01%
PNC	B	0.01%
RTX	D	0.01%
PSX	C	0.01%
PFE	F	0.01%
BKNG	A	0.01%
ARE	F	0.01%
ARCC	A	0.01%
BDX	F	0.01%
AMP	A	0.01%
CAT	B	0.01%
CMA	B	0.01%
BSX	A	0.01%
DIS	B	0.01%
DG	F	0.01%
DFS	B	0.01%
EDC	F	0.01%
ALL	A	0.01%
COE	C	0.01%
CAG	F	0.01%
HPQ	B	0.01%
MPLX	A	0.01%
GSK	F	0.01%
OKE	A	0.01%
MU	D	0.01%
MTB	A	0.01%
AMZN	C	0.01%
AXP	A	0.01%
EPD	A	0.01%
DB	D	0.01%
COF	C	0.01%
INTC	C	0.01%
MPC	D	0.01%
NEE	C	0.01%
RY	A	0.01%
PEP	F	0.01%
VTRS	A	0.01%
AZN	F	0.01%
BNS	A	0.01%
FITB	B	0.01%
HCA	F	0.01%
EQNR	C	0.01%
CVX	A	0.01%
NWG	A	0.01%
HPE	B	0.01%
SCHW	B	0.01%
PCG	A	0.01%
LUV	C	0.01%
TSN	B	0.01%
SO	C	0.01%
WELL	A	0.01%
TD	D	0.01%
ORCL	A	0.01%
BMO	A	0.01%
CMCSA	B	0.01%
GM	C	0.01%
CVS	D	0.01%
GS	A	0.01%
MUFG	B	0.01%
BA	F	0.01%
HSBC	A	0.01%
WFC	A	0.01%
C	A	0.01%
MS	A	0.01%

BSV Underweight 38 Positions Relative to QDEF

Symbol	Grade	Weight
META	D	-2.76%
GOOG	C	-1.1%
EME	A	-0.64%
BWXT	B	-0.64%
PAYX	B	-0.63%
UMBF	B	-0.61%
CFR	B	-0.6%
GEN	B	-0.59%
WTW	B	-0.58%
FAST	B	-0.58%
VIRT	A	-0.57%
CSWI	B	-0.57%
COR	B	-0.57%
WDFC	B	-0.55%
RMD	C	-0.54%
IRDM	D	-0.52%
OMF	A	-0.5%
LSTR	D	-0.49%
AVY	F	-0.48%
DOX	D	-0.48%
BPOP	C	-0.48%
RDN	D	-0.48%
NSA	C	-0.47%
OGE	A	-0.47%
VRT	B	-0.45%
EXPD	C	-0.42%
SAIC	F	-0.41%
WSM	C	-0.41%
DPZ	C	-0.41%
CHE	D	-0.39%
MSM	C	-0.37%
BSY	F	-0.37%
STNG	F	-0.36%
STWD	C	-0.32%
NEP	F	-0.32%
BAH	F	-0.12%
DDS	B	-0.12%
ROL	B	-0.12%