QDEF vs. COWZ ETF Comparison

Comparison of FlexShares Quality Dividend Defensive Index Fund (QDEF) to Pacer US Cash Cows 100 ETF (COWZ)

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

$71.13

Average Daily Volume

6,642

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

COWZ

Pacer US Cash Cows 100 ETF

COWZ Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer US Small Cap Cash Cows Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the index. The index uses an objective, rules-based methodology to provide exposure to small-capitalization U.S. companies with high free cash flow yields. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$58.37

Average Daily Volume

1,767,973

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QDEF	COWZ
30 Days	3.01%	3.51%
60 Days	9.72%	8.47%
90 Days	8.06%	9.29%
12 Months	35.58%	22.52%

13 Overlapping Holdings

Symbol	Grade	Weight in QDEF	Weight in COWZ	Overlap
BMY	A	0.41%	2.06%	0.41%
CAH	B	0.16%	1.87%	0.16%
COR	F	0.53%	1.81%	0.53%
DDS	D	0.11%	0.49%	0.11%
DOX	B	0.5%	0.59%	0.5%
GEN	A	0.54%	1.89%	0.54%
HRB	C	0.49%	0.56%	0.49%
MO	D	0.8%	1.8%	0.8%
MSM	D	0.37%	0.31%	0.31%
QCOM	D	1.69%	1.99%	1.69%
SWKS	F	0.45%	1.26%	0.45%
T	B	0.77%	2.0%	0.77%
WSM	C	0.48%	1.25%	0.48%

QDEF Overweight 110 Positions Relative to COWZ

Symbol	Grade	Weight
AAPL	C	6.09%
MSFT	D	4.96%
NVDA	B	4.84%
JNJ	D	3.17%
HD	A	3.13%
ABBV	C	3.06%
PG	D	2.97%
META	A	2.79%
MRK	F	2.66%
IBM	A	1.8%
PM	D	1.58%
GOOGL	B	1.31%
LMT	A	1.19%
INTU	F	1.13%
ADP	A	1.06%
GOOG	B	1.06%
TMUS	A	1.0%
AMT	D	0.99%
SBUX	B	0.97%
TJX	D	0.97%
GILD	A	0.95%
KLAC	B	0.93%
CI	D	0.9%
AVGO	B	0.88%
DUK	C	0.82%
KO	C	0.76%
ITW	C	0.72%
VZ	C	0.72%
CME	A	0.72%
MMM	C	0.69%
MSI	A	0.68%
PSA	C	0.65%
AFL	A	0.63%
JPM	C	0.63%
PAYX	B	0.62%
BK	A	0.62%
MCK	F	0.59%
D	A	0.58%
BWXT	A	0.57%
LDOS	A	0.57%
FIS	A	0.57%
IRDM	C	0.56%
WTW	C	0.56%
CSCO	A	0.56%
KMB	D	0.56%
RMD	C	0.56%
ED	C	0.55%
PPL	C	0.55%
EME	B	0.55%
UNM	A	0.54%
OTIS	A	0.54%
AIZ	B	0.54%
EQR	C	0.54%
MAA	D	0.54%
OHI	C	0.54%
VRSK	D	0.54%
PNW	C	0.53%
GIS	C	0.53%
ESS	D	0.53%
EA	D	0.53%
MET	A	0.53%
CSL	A	0.53%
K	B	0.53%
NSA	D	0.53%
AVY	D	0.53%
ORI	A	0.52%
CPT	C	0.52%
WDFC	B	0.51%
UMBF	C	0.51%
FAST	C	0.51%
CSWI	A	0.51%
NEP	D	0.51%
IPG	D	0.5%
VIRT	B	0.5%
XOM	A	0.5%
WU	D	0.49%
RDN	D	0.49%
LSTR	F	0.49%
LOW	C	0.48%
BPOP	D	0.48%
OGE	C	0.47%
STNG	B	0.47%
CFR	B	0.47%
EXPD	D	0.46%
SAIC	A	0.46%
CUBE	C	0.45%
EBAY	A	0.43%
CHE	D	0.42%
OMF	D	0.42%
EXC	C	0.42%
DPZ	D	0.41%
DELL	C	0.4%
EVRG	C	0.4%
BSY	D	0.39%
VRT	B	0.37%
V	B	0.34%
STWD	C	0.33%
WEC	B	0.29%
PEG	A	0.27%
NNN	C	0.25%
MAS	C	0.25%
COST	C	0.23%
MA	A	0.22%
SCCO	B	0.19%
AVB	C	0.18%
ROL	C	0.13%
BAH	C	0.13%
WMT	A	0.12%
ZTS	C	0.12%
BAC	B	0.02%

QDEF Underweight 86 Positions Relative to COWZ

Symbol	Grade	Weight
HPE	B	-2.16%
ABNB	D	-2.08%
NUE	D	-2.08%
CVX	B	-2.05%
EOG	B	-2.0%
LEN	C	-1.99%
HAL	D	-1.98%
HPQ	B	-1.95%
COP	D	-1.95%
VLO	F	-1.94%
ADM	F	-1.9%
MPC	D	-1.89%
EXPE	B	-1.88%
FANG	D	-1.87%
DVN	F	-1.82%
MRO	B	-1.6%
BLDR	C	-1.57%
ZM	B	-1.49%
DINO	F	-1.47%
CAG	D	-1.38%
FOXA	B	-1.33%
CLF	D	-1.33%
OC	C	-1.27%
TAP	D	-1.18%
TPR	B	-1.11%
ARW	C	-1.09%
MTZ	A	-1.09%
SMG	C	-1.08%
GAP	F	-1.05%
OVV	D	-1.04%
JBL	C	-1.04%
SNA	C	-1.03%
PPC	C	-1.0%
DXC	C	-0.94%
JAZZ	F	-0.9%
ADTN	C	-0.87%
INGR	B	-0.87%
RL	B	-0.86%
MTCH	B	-0.82%
AGCO	D	-0.82%
DOCU	A	-0.81%
CROX	C	-0.81%
SNX	C	-0.81%
WCC	D	-0.81%
UTHR	C	-0.77%
FTI	B	-0.77%
DBX	C	-0.76%
CNM	F	-0.74%
MAT	B	-0.73%
TWLO	B	-0.73%
SKX	B	-0.69%
PVH	D	-0.66%
ALSN	A	-0.65%
BWA	C	-0.65%
CHRD	F	-0.64%
HOG	D	-0.63%
MIDD	D	-0.62%
KSS	D	-0.62%
QRVO	F	-0.6%
COLM	B	-0.59%
AM	A	-0.59%
ETSY	F	-0.57%
SEE	C	-0.56%
LEA	F	-0.54%
THO	C	-0.51%
AYI	A	-0.51%
WFRD	F	-0.49%
LPX	C	-0.47%
AMKR	F	-0.44%
NEU	F	-0.42%
CRUS	D	-0.39%
ZI	F	-0.37%
LYFT	D	-0.35%
UAA	B	-0.34%
RNG	F	-0.32%
PLTK	C	-0.31%
ASH	F	-0.3%
LEG	D	-0.29%
CRI	D	-0.29%
NVST	D	-0.27%
MAN	D	-0.26%
TDC	D	-0.24%
FTRE	F	-0.19%
IPGP	D	-0.19%
PINC	F	-0.17%
TRIP	D	-0.11%