QDEF vs. DIVG ETF Comparison

Comparison of FlexShares Quality Dividend Defensive Index Fund (QDEF) to Invesco S&P 500 High Dividend Growers ETF (DIVG)

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

$72.03

Average Daily Volume

6,587

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

DIVG

Invesco S&P 500 High Dividend Growers ETF

DIVG Description

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, S&P Dow Jones Indices LLC compiles, maintains and calculates the underlying index, which is designed to measure the performance of a subset of companies within the S&P 500® Index that have the highest forecasted dividend yield growth. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.06

Average Daily Volume

438

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QDEF	DIVG
30 Days	-0.19%	1.20%
60 Days	2.53%	2.90%
90 Days	5.17%	6.39%
12 Months	29.72%

24 Overlapping Holdings

Symbol	Grade	Weight in QDEF	Weight in DIVG	Overlap
ABBV	F	3.02%	1.1%	1.1%
ADP	A	1.12%	0.7%	0.7%
AFL	C	0.59%	0.6%	0.59%
AVGO	C	0.94%	0.42%	0.42%
BAC	A	0.02%	0.89%	0.02%
BK	B	0.66%	0.88%	0.66%
BMY	B	0.41%	1.65%	0.41%
DPZ	C	0.43%	0.5%	0.43%
ESS	C	0.53%	1.11%	0.53%
EVRG	A	0.39%	1.43%	0.39%
FAST	B	0.58%	0.82%	0.58%
GILD	B	1.07%	1.29%	1.07%
IPG	F	0.46%	1.34%	0.46%
ITW	B	0.73%	0.77%	0.73%
JPM	A	0.7%	0.81%	0.7%
MAA	C	0.53%	1.3%	0.53%
MO	A	0.83%	2.78%	0.83%
PAYX	B	0.64%	0.98%	0.64%
PEG	C	0.25%	0.83%	0.25%
PG	C	2.8%	0.78%	0.78%
PM	B	1.61%	1.57%	1.57%
SBUX	B	0.95%	0.81%	0.81%
WEC	B	0.28%	1.17%	0.28%
ZTS	D	0.11%	0.3%	0.11%

QDEF Overweight 99 Positions Relative to DIVG

Symbol	Grade	Weight
AAPL	C	5.95%
NVDA	A	5.95%
MSFT	C	4.85%
HD	B	3.03%
JNJ	D	2.96%
META	B	2.78%
MRK	F	2.32%
IBM	D	1.71%
QCOM	F	1.7%
GOOGL	C	1.36%
INTU	A	1.24%
TMUS	A	1.11%
GOOG	C	1.1%
LMT	D	1.08%
TJX	A	0.96%
AMT	F	0.84%
KLAC	F	0.83%
CI	D	0.81%
DUK	D	0.78%
T	A	0.76%
MSI	B	0.75%
CME	B	0.71%
MCK	B	0.71%
KO	F	0.66%
MMM	C	0.66%
LDOS	C	0.66%
EME	B	0.65%
VZ	D	0.63%
UNM	A	0.62%
BWXT	B	0.61%
CFR	B	0.6%
PSA	D	0.6%
UMBF	B	0.6%
CSCO	A	0.6%
FIS	B	0.59%
CSWI	B	0.58%
RMD	C	0.58%
GEN	B	0.57%
EA	A	0.57%
COR	B	0.57%
WTW	A	0.57%
VRSK	A	0.56%
D	D	0.56%
AIZ	A	0.55%
PPL	A	0.54%
VIRT	B	0.54%
OHI	C	0.54%
WDFC	B	0.53%
PNW	A	0.52%
CSL	B	0.52%
K	A	0.52%
ORI	A	0.52%
EQR	C	0.52%
CPT	C	0.51%
DOX	C	0.51%
MET	C	0.51%
KMB	D	0.51%
IRDM	B	0.51%
ED	D	0.5%
OTIS	D	0.5%
XOM	B	0.49%
LSTR	B	0.49%
OMF	A	0.49%
NSA	D	0.48%
OGE	B	0.48%
SAIC	D	0.48%
AVY	F	0.48%
BPOP	C	0.47%
DELL	C	0.46%
LOW	B	0.46%
VRT	B	0.46%
RDN	C	0.46%
HRB	D	0.45%
GIS	F	0.45%
WU	F	0.43%
SWKS	F	0.41%
EXPD	C	0.41%
WSM	F	0.4%
CUBE	D	0.4%
EBAY	C	0.39%
MSM	C	0.38%
CHE	D	0.38%
EXC	C	0.38%
BSY	F	0.37%
V	A	0.37%
STNG	F	0.35%
NEP	F	0.33%
STWD	C	0.31%
MAS	D	0.24%
COST	B	0.24%
MA	B	0.23%
NNN	F	0.21%
AVB	B	0.18%
CAH	B	0.17%
SCCO	F	0.17%
BAH	C	0.14%
WMT	A	0.12%
ROL	C	0.12%
DDS	B	0.11%

QDEF Underweight 75 Positions Relative to DIVG

Symbol	Grade	Weight
BEN	C	-2.17%
PFE	F	-1.75%
VICI	D	-1.69%
LYB	F	-1.62%
CVX	A	-1.49%
WMB	B	-1.48%
OKE	A	-1.48%
RF	A	-1.47%
ARE	F	-1.45%
HBAN	A	-1.44%
PRU	B	-1.39%
ES	D	-1.37%
UDR	C	-1.33%
ETR	B	-1.29%
FMC	F	-1.28%
FE	D	-1.26%
MS	A	-1.25%
HRL	F	-1.21%
AEP	D	-1.19%
XEL	A	-1.19%
CVS	F	-1.19%
STT	B	-1.16%
CTRA	B	-1.15%
C	B	-1.15%
FITB	A	-1.13%
MDT	D	-1.09%
NI	A	-1.07%
HPQ	B	-1.07%
ADM	F	-1.05%
SNA	A	-1.05%
INVH	D	-1.05%
SRE	B	-1.04%
PSX	C	-1.04%
PFG	C	-1.04%
AES	F	-1.03%
LNT	C	-1.02%
CMCSA	B	-1.02%
AEE	B	-1.02%
PLD	D	-1.01%
PEP	D	-1.01%
CMS	D	-0.97%
AMGN	F	-0.95%
EOG	A	-0.95%
COP	C	-0.93%
LW	B	-0.92%
OMC	A	-0.91%
HPE	B	-0.84%
IRM	D	-0.83%
GS	B	-0.82%
MDLZ	F	-0.82%
NEE	D	-0.82%
BKR	B	-0.81%
ATO	B	-0.79%
KR	A	-0.76%
MCHP	F	-0.75%
AIG	B	-0.73%
KDP	C	-0.72%
DVN	F	-0.72%
EQIX	B	-0.71%
AWK	D	-0.71%
FDX	B	-0.7%
MPC	D	-0.65%
NRG	C	-0.63%
GD	C	-0.63%
NXPI	F	-0.58%
WM	A	-0.52%
STZ	D	-0.52%
NOC	D	-0.51%
ACN	B	-0.51%
ADI	D	-0.51%
UNH	B	-0.48%
AXP	B	-0.38%
LRCX	F	-0.35%
ORCL	A	-0.35%
APH	B	-0.35%