IVOV vs. QDEF ETF Comparison

Comparison of Vanguard S&P Mid-Cap 400 Value ETF (IVOV) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

IVOV

Vanguard S&P Mid-Cap 400 Value ETF

IVOV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the S&P MidCap 400Â® Value Index, which represents the value companies of the S&P MidCap 400 Index. The index measures the performance of mid-capitalization value stocks. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$93.64

Average Daily Volume

14,157

Number of Holdings ^*

284

* 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

$70.85

Average Daily Volume

6,299

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

Performance

Period	IVOV	QDEF
30 Days	2.01%	2.96%
60 Days	2.17%	5.33%
90 Days	7.72%	7.24%
12 Months	18.79%	29.01%

16 Overlapping Holdings

Symbol	Grade	Weight in IVOV	Weight in QDEF	Overlap
CFR	C	0.32%	0.5%	0.32%
CHE	C	0.25%	0.43%	0.25%
CUBE	A	0.35%	0.45%	0.35%
IRDM	D	0.13%	0.5%	0.13%
LSTR	D	0.16%	0.5%	0.16%
MSM	D	0.14%	0.35%	0.14%
NNN	B	0.38%	0.25%	0.25%
NSA	A	0.11%	0.54%	0.11%
OGE	B	0.57%	0.47%	0.47%
OHI	B	0.39%	0.55%	0.39%
ORI	B	0.64%	0.53%	0.53%
SAIC	B	0.3%	0.43%	0.3%
STWD	B	0.44%	0.33%	0.33%
UMBF	B	0.33%	0.53%	0.33%
UNM	B	0.75%	0.52%	0.52%
WU	F	0.29%	0.52%	0.29%

IVOV Overweight 268 Positions Relative to QDEF

Symbol	Grade	Weight
ILMN	C	1.43%
RGA	B	1.09%
THC	B	1.07%
FNF	B	1.05%
WPC	B	0.93%
USFD	A	0.9%
ALLY	F	0.9%
JLL	B	0.87%
BJ	D	0.86%
PFGC	B	0.79%
RRX	C	0.78%
AVTR	B	0.77%
JEF	B	0.73%
COHR	C	0.68%
GPK	A	0.68%
SNX	D	0.68%
SF	B	0.67%
FHN	C	0.67%
X	D	0.67%
ARMK	B	0.66%
KNX	C	0.64%
AFG	B	0.63%
AR	D	0.62%
CHK	D	0.62%
WBS	D	0.62%
FLR	D	0.6%
NOV	F	0.6%
GMED	D	0.59%
GLPI	B	0.57%
ZION	D	0.56%
UTHR	C	0.56%
WCC	D	0.56%
DINO	F	0.56%
BERY	B	0.55%
SSB	B	0.55%
RPM	B	0.53%
CLF	F	0.53%
WTFC	C	0.52%
BMRN	F	0.52%
XPO	D	0.52%
TMHC	B	0.52%
OSK	D	0.52%
ADC	B	0.51%
LEA	F	0.51%
CMC	D	0.51%
PB	B	0.51%
SNV	C	0.5%
REXR	C	0.49%
BURL	B	0.49%
ACM	B	0.49%
MTZ	B	0.49%
ESNT	B	0.49%
FYBR	C	0.48%
ARW	C	0.48%
CACI	B	0.47%
EQH	C	0.46%
FAF	A	0.46%
ONB	C	0.46%
DAR	F	0.46%
GME	F	0.45%
R	B	0.45%
KD	D	0.45%
CADE	C	0.44%
VMI	D	0.44%
AGCO	D	0.43%
ST	F	0.43%
AMG	C	0.43%
DKS	D	0.43%
SFM	B	0.43%
AA	D	0.43%
SCI	A	0.42%
G	B	0.42%
NXST	D	0.42%
PVH	D	0.42%
WHR	D	0.41%
CG	D	0.41%
CCK	A	0.41%
EWBC	D	0.41%
XRAY	D	0.41%
THO	C	0.41%
KRG	B	0.4%
SRCL	A	0.4%
COLB	C	0.4%
MDU	B	0.4%
POST	C	0.4%
RNR	B	0.4%
FNB	D	0.4%
HOMB	C	0.39%
SON	C	0.39%
WTRG	D	0.39%
NFG	A	0.39%
EHC	B	0.38%
TPL	C	0.38%
UGI	B	0.38%
TTC	D	0.38%
LAD	C	0.38%
INGR	B	0.38%
IBKR	B	0.38%
UBSI	C	0.38%
GBCI	C	0.37%
GAP	F	0.37%
AVT	D	0.36%
POR	A	0.36%
THG	A	0.36%
M	D	0.35%
CGNX	D	0.35%
JHG	B	0.35%
VNO	A	0.35%
KBR	D	0.35%
ASH	D	0.35%
HOG	C	0.34%
ELS	B	0.34%
NJR	A	0.34%
ERIE	B	0.34%
AMH	B	0.34%
AN	D	0.34%
SWX	C	0.33%
CIEN	C	0.33%
CBSH	B	0.33%
FLO	C	0.32%
ASGN	D	0.32%
PNFP	B	0.32%
RGLD	B	0.32%
VOYA	A	0.32%
LAMR	A	0.32%
PII	D	0.32%
SLGN	B	0.31%
ORA	C	0.31%
CUZ	B	0.31%
IRT	A	0.31%
BRX	B	0.31%
PBF	F	0.31%
JAZZ	D	0.3%
MKSI	F	0.3%
BKH	A	0.3%
MTG	B	0.3%
AVNT	B	0.3%
KEX	C	0.3%
CNM	F	0.29%
OGS	A	0.29%
KRC	C	0.29%
CW	B	0.29%
ATR	A	0.29%
AYI	B	0.28%
SBRA	A	0.28%
FR	B	0.28%
BDC	B	0.28%
CNO	B	0.28%
SR	A	0.28%
PRGO	C	0.28%
DCI	D	0.28%
KMPR	D	0.28%
MIDD	D	0.27%
MAN	D	0.27%
FLS	D	0.27%
TKO	B	0.27%
STAG	B	0.27%
MAT	C	0.27%
ALE	B	0.27%
CYTK	D	0.27%
PNM	B	0.27%
LITE	C	0.26%
PCH	C	0.26%
VLY	C	0.26%
CC	F	0.26%
HQY	C	0.25%
NEOG	D	0.25%
PAG	D	0.25%
AMKR	D	0.25%
SEIC	C	0.25%
ASB	D	0.25%
EGP	B	0.25%
MUR	F	0.25%
TKR	D	0.25%
OLN	D	0.24%
NWE	A	0.24%
CNXC	D	0.24%
GT	F	0.24%
TCBI	B	0.23%
BHF	F	0.23%
GATX	C	0.23%
BRBR	C	0.23%
KBH	B	0.23%
FFIN	C	0.22%
SLM	D	0.22%
IDA	B	0.22%
CRUS	D	0.22%
VSH	F	0.22%
CACC	F	0.22%
HXL	F	0.21%
ALV	F	0.21%
NVST	D	0.21%
BRKR	D	0.2%
SRPT	F	0.2%
GHC	C	0.2%
TGNA	C	0.2%
DTM	B	0.2%
NOVT	D	0.2%
EVR	B	0.2%
FHI	B	0.2%
VAC	F	0.2%
ENS	D	0.19%
RCM	C	0.19%
RYN	C	0.19%
GNTX	F	0.19%
EXPO	B	0.19%
CVLT	B	0.19%
RH	C	0.18%
EXLS	B	0.18%
SIGI	C	0.18%
GXO	D	0.18%
HWC	D	0.17%
ADNT	F	0.17%
OPCH	C	0.17%
MTN	D	0.17%
OZK	D	0.17%
ENOV	F	0.17%
RLI	B	0.16%
BC	D	0.16%
CHX	D	0.16%
ZI	D	0.16%
LPX	B	0.16%
ZD	D	0.16%
CRI	C	0.16%
JWN	C	0.16%
LFUS	D	0.15%
DLB	D	0.15%
CPRI	D	0.15%
SYNA	F	0.15%
EEFT	F	0.15%
LANC	D	0.15%
MTSI	D	0.15%
SMG	C	0.15%
IBOC	C	0.15%
AM	B	0.15%
POWI	F	0.15%
WH	B	0.15%
AMED	D	0.14%
TEX	D	0.14%
DOCS	B	0.13%
GEF	D	0.13%
VC	F	0.13%
MASI	D	0.13%
CBT	B	0.13%
HAE	D	0.13%
NSP	F	0.13%
PPC	D	0.12%
LIVN	D	0.12%
ALGM	D	0.11%
MMS	D	0.11%
CHH	C	0.11%
KNF	B	0.1%
UA	C	0.1%
SAM	F	0.1%
HELE	D	0.1%
COLM	B	0.1%
AZTA	D	0.09%
BLKB	B	0.09%
WOLF	F	0.09%
YETI	D	0.09%
IPGP	F	0.09%
EPR	B	0.09%
WEN	C	0.09%
UAA	C	0.09%
MP	D	0.08%
HGV	D	0.08%
WMG	D	0.07%
TNL	F	0.07%

IVOV Underweight 105 Positions Relative to QDEF

Symbol	Grade	Weight
AAPL	D	-6.1%
MSFT	C	-4.94%
NVDA	D	-4.51%
JNJ	B	-3.35%
ABBV	B	-3.14%
PG	A	-3.1%
HD	B	-2.86%
MRK	D	-2.76%
META	B	-2.55%
QCOM	D	-1.73%
IBM	A	-1.72%
PM	B	-1.7%
GOOGL	D	-1.26%
INTU	C	-1.19%
LMT	B	-1.16%
ADP	A	-1.07%
AMT	B	-1.02%
GOOG	D	-1.02%
TJX	B	-1.0%
TMUS	A	-0.99%
CI	B	-0.97%
KLAC	D	-0.95%
SBUX	C	-0.94%
GILD	B	-0.92%
MO	C	-0.88%
DUK	B	-0.85%
AVGO	C	-0.83%
KO	B	-0.79%
T	A	-0.74%
CME	B	-0.71%
MMM	A	-0.69%
ITW	B	-0.69%
MCK	F	-0.69%
VZ	A	-0.68%
MSI	B	-0.68%
JPM	D	-0.68%
PSA	A	-0.64%
AFL	B	-0.63%
BK	A	-0.61%
KMB	C	-0.6%
D	B	-0.59%
RMD	B	-0.59%
PAYX	B	-0.59%
FIS	A	-0.58%
EQR	B	-0.57%
VRSK	D	-0.57%
MAA	A	-0.57%
ESS	A	-0.56%
EA	C	-0.56%
ED	B	-0.56%
WTW	B	-0.56%
AIZ	C	-0.55%
LDOS	B	-0.55%
CPT	B	-0.55%
PPL	A	-0.55%
K	A	-0.54%
CSCO	C	-0.54%
AVY	B	-0.54%
PNW	A	-0.53%
RDN	C	-0.53%
GIS	B	-0.53%
WDFC	C	-0.53%
BPOP	C	-0.52%
VIRT	B	-0.52%
DOX	C	-0.51%
HRB	C	-0.51%
BWXT	D	-0.51%
IPG	C	-0.51%
MET	B	-0.51%
SWKS	F	-0.5%
OTIS	C	-0.5%
NEP	D	-0.49%
XOM	D	-0.49%
CSL	C	-0.49%
FAST	C	-0.48%
STNG	D	-0.47%
EME	A	-0.47%
EXPD	D	-0.46%
CSWI	B	-0.46%
OMF	D	-0.45%
LOW	B	-0.44%
WSM	C	-0.43%
EXC	A	-0.41%
BMY	C	-0.4%
DPZ	D	-0.4%
EVRG	A	-0.4%
BSY	D	-0.39%
DELL	D	-0.39%
EBAY	A	-0.39%
V	A	-0.36%
WEC	B	-0.29%
VRT	C	-0.29%
PEG	A	-0.25%
COST	B	-0.24%
MAS	B	-0.24%
MA	A	-0.22%
AVB	B	-0.18%
SCCO	D	-0.16%
CAH	B	-0.16%
BAH	B	-0.13%
ROL	B	-0.13%
WMT	B	-0.12%
ZTS	B	-0.12%
DDS	D	-0.1%
BAC	D	-0.02%