LVHD vs. QDEF ETF Comparison

Comparison of Legg Mason Low Volatility High Dividend ETF (LVHD) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

LVHD

Legg Mason Low Volatility High Dividend ETF

LVHD Description

The investment seeks to track the investment results of the QS Low Volatility High Dividend Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose the underlying index. The underlying index composed of equity securities of U.S. companies with relatively high yield and low price and earnings volatility.

Grade (RS Rating)

Last Trade

$40.70

Average Daily Volume

63,718

Number of Holdings ^*

115

* 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

$71.06

Average Daily Volume

6,166

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

Performance

Period	LVHD	QDEF
30 Days	1.95%	1.50%
60 Days	6.00%	6.70%
90 Days	15.64%	8.31%
12 Months	26.30%	34.86%

27 Overlapping Holdings

Symbol	Grade	Weight in LVHD	Weight in QDEF	Overlap
CSCO	A	2.52%	0.55%	0.55%
CUBE	C	0.55%	0.46%	0.46%
DUK	B	2.43%	0.81%	0.81%
ED	A	1.37%	0.53%	0.53%
EQR	C	0.83%	0.56%	0.56%
ESS	C	0.83%	0.56%	0.56%
EVRG	B	0.9%	0.4%	0.4%
EXC	A	1.89%	0.41%	0.41%
GIS	B	2.13%	0.53%	0.53%
HD	A	2.53%	2.99%	2.53%
IBM	C	2.53%	1.76%	1.76%
IPG	C	0.93%	0.5%	0.5%
JNJ	C	2.41%	3.22%	2.41%
K	B	1.74%	0.53%	0.53%
KMB	B	2.1%	0.55%	0.55%
KO	B	2.62%	0.75%	0.75%
LMT	A	2.68%	1.11%	1.11%
MAA	C	0.89%	0.56%	0.56%
MO	B	2.37%	0.79%	0.79%
MSM	D	0.27%	0.37%	0.27%
NNN	A	0.37%	0.24%	0.24%
NSA	C	0.3%	0.54%	0.3%
OGE	A	0.44%	0.46%	0.44%
PAYX	A	1.86%	0.58%	0.58%
PNW	A	0.69%	0.52%	0.52%
VZ	A	2.37%	0.7%	0.7%
WEC	A	1.43%	0.28%	0.28%

LVHD Overweight 88 Positions Relative to QDEF

Symbol	Grade	Weight
MCD	A	2.66%
KDP	C	2.58%
MDLZ	C	2.54%
SO	A	2.47%
USB	C	2.34%
PEP	D	2.33%
HSY	D	2.31%
AEP	B	2.21%
CVX	D	2.14%
KHC	B	1.98%
XEL	A	1.94%
OKE	C	1.88%
PNC	C	1.78%
SYY	B	1.73%
DRI	C	1.65%
VICI	C	1.57%
ETR	A	1.43%
LYB	D	1.24%
OMC	A	1.13%
FANG	F	1.11%
DTE	A	1.06%
AEE	A	1.05%
PKG	A	0.97%
NI	A	0.97%
FE	A	0.93%
KIM	C	0.78%
LNT	A	0.72%
REG	B	0.64%
WPC	C	0.63%
FNF	A	0.57%
GLPI	B	0.51%
BRX	B	0.48%
ADC	B	0.47%
STAG	D	0.34%
POR	B	0.33%
DTM	A	0.33%
EPRT	C	0.32%
ONB	D	0.31%
SON	D	0.28%
DOC	B	0.27%
VLY	C	0.26%
EPR	C	0.24%
IDA	B	0.24%
APLE	D	0.23%
FNB	D	0.22%
HIW	C	0.22%
OGS	A	0.22%
ALE	A	0.21%
BKH	B	0.21%
SR	A	0.19%
NJR	C	0.17%
CTRE	B	0.17%
BNL	B	0.16%
FIBK	D	0.15%
FULT	D	0.15%
UBSI	D	0.14%
AVA	B	0.14%
BOH	F	0.13%
LXP	D	0.13%
CBU	D	0.12%
AUB	D	0.12%
FHB	D	0.12%
NWE	A	0.12%
ROIC	B	0.12%
NTST	D	0.11%
NHI	C	0.1%
CVBF	D	0.1%
FCPT	C	0.1%
PFS	D	0.09%
CNA	D	0.09%
UVV	C	0.09%
NWN	B	0.08%
VGR	C	0.08%
DEA	D	0.08%
GTY	B	0.07%
UNIT	C	0.07%
LTC	C	0.07%
FCF	D	0.06%
LADR	D	0.06%
NBTB	D	0.06%
FFBC	D	0.06%
AAT	C	0.06%
TOWN	D	0.06%
HOPE	D	0.06%
NWBI	D	0.06%
FRME	D	0.06%
WABC	F	0.05%
PFBC	D	0.05%

LVHD Underweight 94 Positions Relative to QDEF

Symbol	Grade	Weight
AAPL	C	-6.16%
MSFT	C	-5.17%
NVDA	C	-4.88%
ABBV	A	-3.01%
PG	C	-2.94%
MRK	F	-2.72%
META	A	-2.71%
QCOM	D	-1.77%
PM	B	-1.56%
GOOGL	C	-1.27%
INTU	F	-1.22%
ADP	A	-1.05%
GOOG	C	-1.03%
TJX	C	-0.99%
AMT	C	-0.99%
SBUX	B	-0.97%
TMUS	A	-0.97%
KLAC	D	-0.96%
GILD	A	-0.95%
CI	C	-0.92%
AVGO	C	-0.88%
T	A	-0.75%
ITW	B	-0.71%
CME	A	-0.69%
MMM	B	-0.68%
MSI	A	-0.67%
PSA	C	-0.65%
JPM	D	-0.64%
BK	C	-0.63%
MCK	F	-0.6%
AFL	A	-0.6%
D	A	-0.58%
FIS	C	-0.58%
RMD	C	-0.57%
EME	C	-0.56%
UMBF	C	-0.55%
LDOS	A	-0.54%
WTW	A	-0.54%
VRSK	D	-0.54%
CPT	C	-0.54%
OHI	C	-0.54%
PPL	A	-0.53%
ORI	A	-0.52%
BPOP	D	-0.52%
CSL	A	-0.52%
UNM	A	-0.52%
AVY	B	-0.52%
EA	D	-0.52%
AIZ	A	-0.52%
MET	A	-0.52%
CSWI	B	-0.51%
CFR	D	-0.51%
NEP	D	-0.51%
WDFC	C	-0.51%
FAST	C	-0.51%
VIRT	C	-0.51%
DOX	B	-0.5%
BWXT	A	-0.5%
IRDM	C	-0.5%
OTIS	A	-0.5%
RDN	D	-0.5%
LSTR	D	-0.49%
HRB	C	-0.49%
WU	D	-0.48%
XOM	B	-0.48%
STNG	D	-0.47%
SWKS	F	-0.47%
WSM	C	-0.47%
LOW	A	-0.46%
OMF	D	-0.46%
EXPD	B	-0.45%
SAIC	B	-0.44%
DELL	D	-0.41%
CHE	B	-0.41%
EBAY	A	-0.41%
BSY	D	-0.4%
DPZ	D	-0.39%
BMY	B	-0.38%
VRT	B	-0.35%
STWD	C	-0.35%
V	C	-0.35%
MAS	A	-0.25%
PEG	A	-0.25%
COST	C	-0.23%
MA	A	-0.22%
AVB	C	-0.18%
SCCO	B	-0.17%
CAH	B	-0.16%
ZTS	B	-0.12%
BAH	A	-0.12%
ROL	B	-0.12%
WMT	A	-0.11%
DDS	D	-0.1%
BAC	D	-0.02%