EXI vs. QDEF ETF Comparison

Comparison of iShares Global Industrials ETF (EXI) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

EXI

iShares Global Industrials ETF

EXI Description

The investment seeks to track the investment results of an index composed of global equities in the industrials sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P Global 1200 Industrials Sector IndexTM (the "underlying index"), which measures the performance of companies that S&P Dow Jones Indices LLC ("S&P"), a subsidiary of McGraw Hill Financial, Inc., deems to be part of the industrials sector of the economy and that S&P believes are important to global markets.

Grade (RS Rating)

Last Trade

$147.18

Average Daily Volume

40,706

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

$71.11

Average Daily Volume

5,791

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

Performance

Period	EXI	QDEF
30 Days	4.92%	2.72%
60 Days	6.55%	6.48%
90 Days	8.93%	7.99%
12 Months	28.28%	30.41%

12 Overlapping Holdings

Symbol	Grade	Weight in EXI	Weight in QDEF	Overlap
ADP	B	1.58%	1.05%	1.05%
EXPD	C	0.25%	0.43%	0.25%
FAST	C	0.56%	0.51%	0.51%
ITW	C	0.95%	0.7%	0.7%
LDOS	B	0.29%	0.54%	0.29%
LMT	C	1.68%	1.13%	1.13%
MAS	B	0.24%	0.24%	0.24%
MMM	B	1.02%	0.68%	0.68%
OTIS	C	0.54%	0.49%	0.49%
PAYX	C	0.6%	0.6%	0.6%
ROL	C	0.2%	0.13%	0.13%
VRSK	D	0.53%	0.55%	0.53%

EXI Overweight 67 Positions Relative to QDEF

Symbol	Grade	Weight
GE	B	2.73%
CAT	B	2.39%
RTX	C	2.18%
UNP	C	2.14%
UBER	C	2.1%
HON	D	1.84%
ETN	C	1.72%
DE	B	1.42%
UPS	D	1.32%
BA	F	1.25%
TT	B	1.17%
PH	B	1.07%
TDG	B	1.06%
WM	D	1.02%
NOC	B	1.0%
CTAS	B	0.97%
GD	B	0.96%
FDX	C	0.94%
CSX	D	0.93%
GEV	B	0.9%
CARR	B	0.9%
EMR	D	0.82%
NSC	C	0.77%
PCAR	D	0.71%
URI	B	0.71%
JCI	B	0.68%
WCN	D	0.64%
CPRT	D	0.61%
GWW	B	0.61%
LHX	C	0.6%
RSG	D	0.57%
CMI	C	0.57%
PWR	B	0.55%
AME	C	0.54%
IR	C	0.53%
EFX	B	0.51%
HWM	B	0.51%
ODFL	D	0.48%
XYL	C	0.44%
WAB	B	0.43%
DAL	C	0.41%
ROK	D	0.41%
AXON	B	0.38%
FTV	C	0.36%
DOV	B	0.36%
BR	D	0.34%
BLDR	C	0.33%
VLTO	C	0.33%
HUBB	B	0.3%
J	C	0.25%
TXT	D	0.24%
LUV	C	0.23%
UAL	C	0.23%
SWK	B	0.22%
PNR	B	0.21%
IEX	D	0.21%
SNA	C	0.2%
JBHT	D	0.19%
NDSN	C	0.19%
ALLE	B	0.17%
CHRW	B	0.16%
HII	D	0.15%
AOS	D	0.14%
DAY	D	0.13%
GNRC	D	0.12%
PAYC	D	0.11%
AAL	D	0.1%

EXI Underweight 109 Positions Relative to QDEF

Symbol	Grade	Weight
AAPL	C	-6.03%
MSFT	C	-5.11%
NVDA	D	-4.97%
JNJ	C	-3.26%
ABBV	C	-3.04%
PG	C	-3.01%
HD	B	-2.93%
MRK	D	-2.71%
META	B	-2.56%
IBM	B	-1.78%
QCOM	D	-1.72%
PM	C	-1.65%
GOOGL	D	-1.24%
INTU	C	-1.23%
AMT	C	-1.03%
TJX	B	-1.01%
GOOG	D	-1.01%
TMUS	C	-0.99%
SBUX	C	-0.99%
GILD	B	-0.95%
CI	C	-0.95%
KLAC	D	-0.94%
AVGO	C	-0.88%
MO	C	-0.84%
DUK	C	-0.83%
T	C	-0.76%
KO	C	-0.76%
VZ	B	-0.72%
CME	C	-0.7%
MSI	B	-0.68%
PSA	B	-0.65%
JPM	D	-0.63%
MCK	F	-0.62%
BK	B	-0.61%
AFL	C	-0.61%
D	C	-0.59%
RMD	C	-0.59%
MAA	B	-0.58%
EQR	B	-0.58%
FIS	B	-0.58%
KMB	D	-0.57%
ESS	B	-0.57%
PPL	C	-0.55%
EA	D	-0.55%
OHI	B	-0.55%
ED	C	-0.55%
AVY	C	-0.54%
K	B	-0.54%
NSA	B	-0.54%
CPT	B	-0.54%
WTW	C	-0.54%
VIRT	C	-0.53%
PNW	C	-0.53%
UMBF	B	-0.53%
CSCO	C	-0.53%
EME	B	-0.52%
GIS	B	-0.52%
AIZ	B	-0.52%
UNM	B	-0.51%
WDFC	C	-0.51%
ORI	B	-0.51%
IPG	C	-0.5%
DOX	C	-0.5%
MET	B	-0.5%
BPOP	C	-0.5%
BWXT	D	-0.5%
RDN	C	-0.5%
LSTR	D	-0.49%
IRDM	D	-0.49%
NEP	D	-0.49%
SWKS	D	-0.49%
CSL	B	-0.49%
WU	F	-0.49%
HRB	C	-0.49%
CSWI	B	-0.48%
CFR	C	-0.48%
XOM	C	-0.47%
OGE	C	-0.47%
STNG	D	-0.46%
WSM	D	-0.46%
CUBE	B	-0.46%
LOW	B	-0.45%
SAIC	C	-0.45%
OMF	D	-0.43%
EBAY	B	-0.42%
EXC	C	-0.42%
CHE	C	-0.41%
EVRG	B	-0.4%
DELL	D	-0.4%
DPZ	F	-0.39%
BSY	D	-0.39%
BMY	C	-0.38%
V	C	-0.36%
MSM	D	-0.35%
STWD	B	-0.34%
VRT	C	-0.33%
WEC	C	-0.29%
NNN	C	-0.25%
PEG	B	-0.25%
COST	B	-0.24%
MA	B	-0.22%
AVB	B	-0.19%
CAH	C	-0.16%
SCCO	D	-0.16%
WMT	C	-0.12%
ZTS	C	-0.12%
BAH	C	-0.12%
DDS	F	-0.1%
BAC	D	-0.02%