JQUA vs. QDEF ETF Comparison

Comparison of JPMorgan U.S. Quality Factor ETF (JQUA) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

JQUA

JPMorgan U.S. Quality Factor ETF

JQUA Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Quality Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. Assets means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent quality factor characteristics.

Grade (RS Rating)

Last Trade

$59.18

Average Daily Volume

481,509

Number of Holdings ^*

278

* 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	JQUA	QDEF
30 Days	4.45%	1.58%
60 Days	5.31%	2.63%
90 Days	7.31%	4.66%
12 Months	31.33%	30.49%

74 Overlapping Holdings

Symbol	Grade	Weight in JQUA	Weight in QDEF	Overlap
AAPL	C	1.92%	6.07%	1.92%
ABBV	D	1.17%	2.6%	1.17%
ADP	B	0.57%	1.13%	0.57%
AFL	B	0.4%	0.6%	0.4%
AMT	D	0.17%	0.82%	0.17%
AVGO	D	1.19%	0.88%	0.88%
BMY	B	0.62%	0.45%	0.45%
BSY	D	0.11%	0.37%	0.11%
CHE	D	0.21%	0.39%	0.21%
COR	B	0.09%	0.57%	0.09%
COST	B	1.52%	0.24%	0.24%
CPT	B	0.1%	0.51%	0.1%
CSCO	B	1.0%	0.61%	0.61%
CSL	C	0.27%	0.53%	0.27%
CUBE	D	0.05%	0.4%	0.05%
DOX	D	0.2%	0.48%	0.2%
EA	A	0.37%	0.6%	0.37%
EBAY	D	0.29%	0.4%	0.29%
ED	D	0.22%	0.49%	0.22%
EQR	B	0.08%	0.53%	0.08%
EVRG	A	0.14%	0.4%	0.14%
EXPD	D	0.21%	0.42%	0.21%
FAST	B	0.09%	0.58%	0.09%
GEN	B	0.16%	0.59%	0.16%
GILD	C	0.58%	1.03%	0.58%
GOOGL	C	1.88%	1.36%	1.36%
HD	A	1.5%	3.07%	1.5%
HRB	D	0.19%	0.45%	0.19%
IBM	C	0.69%	1.7%	0.69%
INTU	C	0.77%	1.29%	0.77%
ITW	B	0.44%	0.74%	0.44%
JNJ	D	1.42%	2.93%	1.42%
KLAC	D	0.44%	0.79%	0.44%
KMB	D	0.3%	0.51%	0.3%
KO	D	0.77%	0.65%	0.65%
LDOS	C	0.17%	0.57%	0.17%
LMT	D	0.56%	1.05%	0.56%
LSTR	D	0.21%	0.49%	0.21%
MA	C	1.57%	0.23%	0.23%
MAA	B	0.21%	0.53%	0.21%
MCK	B	0.25%	0.71%	0.25%
META	D	2.04%	2.76%	2.04%
MMM	D	0.33%	0.66%	0.33%
MO	A	0.52%	0.86%	0.52%
MRK	F	0.99%	2.25%	0.99%
MSFT	F	1.7%	4.97%	1.7%
MSI	B	0.34%	0.74%	0.34%
MSM	C	0.12%	0.37%	0.12%
NVDA	C	2.24%	6.0%	2.24%
OGE	B	0.22%	0.47%	0.22%
PAYX	C	0.34%	0.63%	0.34%
PEG	A	0.13%	0.26%	0.13%
PG	A	1.39%	2.83%	1.39%
PSA	D	0.36%	0.59%	0.36%
QCOM	F	0.74%	1.65%	0.74%
RMD	C	0.3%	0.54%	0.3%
ROL	B	0.21%	0.12%	0.12%
SAIC	F	0.13%	0.41%	0.13%
SBUX	A	0.55%	0.98%	0.55%
SCCO	F	0.22%	0.16%	0.16%
SWKS	F	0.18%	0.39%	0.18%
T	A	0.31%	0.77%	0.31%
TJX	A	0.63%	0.99%	0.63%
V	A	1.84%	0.38%	0.38%
VIRT	B	0.02%	0.57%	0.02%
VRSK	A	0.33%	0.57%	0.33%
VRT	B	0.32%	0.45%	0.32%
VZ	C	0.48%	0.65%	0.48%
WEC	A	0.3%	0.28%	0.28%
WMT	A	0.22%	0.12%	0.12%
WSM	B	0.32%	0.41%	0.32%
WU	D	0.13%	0.43%	0.13%
XOM	B	1.71%	0.5%	0.5%
ZTS	D	0.44%	0.11%	0.11%

JQUA Overweight 204 Positions Relative to QDEF

Symbol	Grade	Weight
BRK.A	B	1.89%
CRM	B	1.26%
APP	B	1.0%
ORCL	B	0.99%
LIN	D	0.88%
ABT	B	0.87%
NOW	A	0.87%
ACN	C	0.86%
MCD	D	0.86%
BKNG	A	0.81%
ADBE	C	0.8%
CVX	A	0.74%
UNP	C	0.65%
PLTR	B	0.64%
AMAT	F	0.64%
BLK	C	0.63%
PANW	C	0.63%
ADI	D	0.54%
SPGI	C	0.53%
MMC	B	0.53%
APH	A	0.5%
WM	A	0.49%
NKE	D	0.47%
CB	C	0.47%
CTAS	B	0.46%
CDNS	B	0.45%
SNPS	B	0.45%
MCO	B	0.44%
LRCX	F	0.44%
MAR	B	0.43%
PGR	A	0.43%
DASH	A	0.43%
ORLY	B	0.42%
AON	A	0.42%
FTNT	C	0.42%
COP	C	0.41%
CL	D	0.41%
CRWD	B	0.41%
GWW	B	0.4%
AJG	B	0.39%
TRV	B	0.39%
BDX	F	0.39%
AMP	A	0.38%
EOG	A	0.38%
MRVL	B	0.38%
REGN	F	0.38%
ICE	C	0.37%
CPRT	A	0.36%
LULU	C	0.35%
RSG	A	0.34%
TEAM	A	0.33%
DECK	A	0.32%
CTSH	B	0.32%
IT	C	0.32%
ROST	C	0.31%
DDOG	A	0.31%
DOCU	A	0.3%
A	D	0.3%
BR	A	0.29%
ABNB	C	0.29%
SPG	B	0.29%
NDAQ	A	0.29%
WDAY	B	0.28%
ACGL	D	0.28%
IDXX	F	0.28%
BRO	B	0.28%
WSO	A	0.27%
EXPE	B	0.27%
NVR	D	0.27%
YUM	B	0.27%
FFIV	B	0.27%
KEYS	A	0.26%
MCHP	D	0.26%
ROP	B	0.26%
CTRA	B	0.25%
UTHR	C	0.25%
WY	D	0.25%
SEIC	B	0.25%
ALSN	B	0.25%
EW	C	0.25%
WRB	A	0.25%
LEN	D	0.24%
DBX	B	0.24%
HOLX	D	0.24%
PAYC	B	0.24%
CLH	B	0.24%
RNG	B	0.24%
POOL	C	0.24%
MANH	D	0.24%
FDS	B	0.23%
LAMR	D	0.23%
CLX	B	0.23%
TOST	B	0.23%
EXR	D	0.23%
HST	C	0.23%
TPR	B	0.22%
CBOE	B	0.22%
SNOW	C	0.22%
LOPE	B	0.22%
HIG	B	0.22%
TWLO	A	0.22%
MEDP	D	0.21%
JAZZ	B	0.21%
DVA	B	0.21%
HPQ	B	0.21%
CF	B	0.21%
GGG	B	0.21%
VRSN	F	0.21%
MTD	D	0.21%
DRI	B	0.21%
LECO	B	0.21%
PSTG	D	0.2%
TER	D	0.2%
IEX	B	0.2%
FNF	B	0.19%
BLDR	D	0.19%
PEN	B	0.19%
TYL	B	0.19%
ANSS	B	0.19%
ZS	C	0.19%
DKS	C	0.19%
CBSH	A	0.19%
DT	C	0.19%
LSCC	D	0.19%
DLB	B	0.18%
AKAM	D	0.18%
ZM	B	0.18%
HPE	B	0.18%
NTAP	C	0.18%
SOLV	C	0.17%
NTNX	A	0.17%
NFG	A	0.17%
STE	F	0.16%
MSGS	A	0.16%
JBL	B	0.16%
CDW	F	0.16%
EXP	A	0.16%
MPWR	F	0.16%
DCI	B	0.16%
UGI	A	0.16%
CRI	D	0.15%
CHD	B	0.15%
RPRX	D	0.15%
CNM	D	0.15%
PEGA	A	0.15%
TDC	D	0.15%
WMS	D	0.15%
PINS	D	0.15%
EPAM	C	0.15%
AYI	B	0.15%
RPM	A	0.15%
NRG	B	0.15%
ELS	C	0.14%
PRI	A	0.14%
JKHY	D	0.14%
MTSI	B	0.14%
BBY	D	0.14%
SSNC	B	0.13%
SMAR	A	0.13%
PCOR	B	0.13%
ULTA	F	0.13%
AFG	A	0.13%
CNC	D	0.12%
ENTG	D	0.12%
CCI	D	0.12%
PATH	C	0.12%
TPL	A	0.12%
NDSN	B	0.11%
SKX	D	0.11%
DV	C	0.11%
GWRE	A	0.11%
TSCO	D	0.11%
CRUS	D	0.11%
MTCH	D	0.11%
AOS	F	0.11%
DXC	B	0.11%
OKTA	C	0.11%
WH	B	0.1%
YETI	C	0.1%
RLI	B	0.1%
BYD	C	0.1%
QRVO	F	0.1%
MPC	D	0.09%
CHH	A	0.09%
ZI	D	0.09%
LPX	B	0.09%
COKE	C	0.09%
IPGP	D	0.09%
OLN	D	0.09%
ATO	A	0.09%
SIRI	C	0.08%
INGR	B	0.08%
QGEN	D	0.08%
GLPI	C	0.07%
WAT	B	0.06%
RS	B	0.06%
PINC	B	0.06%
PHM	D	0.06%
TECH	D	0.05%
UPS	C	0.04%
GNTX	C	0.04%
AM	A	0.03%
CHRW	C	0.02%
SNX	C	0.0%

JQUA Underweight 49 Positions Relative to QDEF

Symbol	Grade	Weight
PM	B	-1.65%
TMUS	B	-1.14%
GOOG	C	-1.1%
CI	F	-0.83%
DUK	C	-0.77%
JPM	A	-0.73%
CME	A	-0.71%
BK	A	-0.67%
UNM	A	-0.65%
EME	C	-0.64%
BWXT	B	-0.64%
UMBF	B	-0.61%
FIS	C	-0.6%
CFR	B	-0.6%
AIZ	A	-0.58%
WTW	B	-0.58%
CSWI	A	-0.57%
D	C	-0.56%
WDFC	B	-0.55%
PPL	B	-0.55%
ORI	A	-0.54%
ESS	B	-0.54%
K	A	-0.53%
OHI	C	-0.53%
MET	A	-0.53%
PNW	B	-0.52%
IRDM	D	-0.52%
OTIS	C	-0.51%
OMF	A	-0.5%
AVY	D	-0.48%
BPOP	B	-0.48%
RDN	C	-0.48%
LOW	D	-0.47%
NSA	D	-0.47%
IPG	D	-0.46%
DELL	C	-0.46%
GIS	D	-0.45%
DPZ	C	-0.41%
EXC	C	-0.39%
STNG	F	-0.36%
STWD	C	-0.32%
NEP	F	-0.32%
MAS	D	-0.23%
NNN	D	-0.21%
AVB	B	-0.18%
CAH	B	-0.17%
BAH	F	-0.12%
DDS	B	-0.12%
BAC	A	-0.02%

JQUA: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Information Technology Services Business Services Diversified Industrials Specialty Retail Diagnostics & Research Insurance - Property & Casualty Semiconductor Equipment & Materials Biotechnology Drug Manufacturers - Major Household & Personal Products Internet Content & Information Capital Markets Industrial Distribution Insurance Brokers Integrated Shipping & Logistics Medical Instruments & Supplies Oil & Gas E&P