QDEF vs. DURA ETF Comparison

Comparison of FlexShares Quality Dividend Defensive Index Fund (QDEF) to VanEck Vectors Morningstar Durable Dividend ETF (DURA)

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

DURA

VanEck Vectors Morningstar Durable Dividend ETF

DURA Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar® US Dividend Valuation IndexSM (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of securities of companies with a high dividend yield, strong financial health and an attractive uncertainty-adjusted valuation. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.96

Average Daily Volume

4,932

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QDEF	DURA
30 Days	1.58%	0.92%
60 Days	2.63%	1.56%
90 Days	4.66%	3.32%
12 Months	30.49%	18.56%

20 Overlapping Holdings

Symbol	Grade	Weight in QDEF	Weight in DURA	Overlap
ABBV	D	2.6%	4.09%	2.6%
ADP	B	1.13%	1.44%	1.13%
CME	A	0.71%	1.96%	0.71%
DUK	C	0.77%	1.88%	0.77%
EBAY	D	0.4%	0.32%	0.32%
EVRG	A	0.4%	0.38%	0.38%
EXC	C	0.39%	0.89%	0.39%
GIS	D	0.45%	0.7%	0.45%
JNJ	D	2.93%	4.43%	2.93%
KMB	D	0.51%	0.93%	0.51%
MO	A	0.86%	4.24%	0.86%
MRK	F	2.25%	3.95%	2.25%
OGE	B	0.47%	0.22%	0.22%
PAYX	C	0.63%	0.78%	0.63%
PPL	B	0.55%	0.47%	0.47%
QCOM	F	1.65%	2.02%	1.65%
SWKS	F	0.39%	0.22%	0.22%
WEC	A	0.28%	0.65%	0.28%
WU	D	0.43%	0.17%	0.17%
XOM	B	0.5%	5.41%	0.5%

QDEF Overweight 103 Positions Relative to DURA

Symbol	Grade	Weight
AAPL	C	6.07%
NVDA	C	6.0%
MSFT	F	4.97%
HD	A	3.07%
PG	A	2.83%
META	D	2.76%
IBM	C	1.7%
PM	B	1.65%
GOOGL	C	1.36%
INTU	C	1.29%
TMUS	B	1.14%
GOOG	C	1.1%
LMT	D	1.05%
GILD	C	1.03%
TJX	A	0.99%
SBUX	A	0.98%
AVGO	D	0.88%
CI	F	0.83%
AMT	D	0.82%
KLAC	D	0.79%
T	A	0.77%
ITW	B	0.74%
MSI	B	0.74%
JPM	A	0.73%
MCK	B	0.71%
BK	A	0.67%
MMM	D	0.66%
VZ	C	0.65%
UNM	A	0.65%
KO	D	0.65%
EME	C	0.64%
BWXT	B	0.64%
UMBF	B	0.61%
CSCO	B	0.61%
FIS	C	0.6%
EA	A	0.6%
AFL	B	0.6%
CFR	B	0.6%
GEN	B	0.59%
PSA	D	0.59%
AIZ	A	0.58%
WTW	B	0.58%
FAST	B	0.58%
VIRT	B	0.57%
CSWI	A	0.57%
COR	B	0.57%
LDOS	C	0.57%
VRSK	A	0.57%
D	C	0.56%
WDFC	B	0.55%
ORI	A	0.54%
ESS	B	0.54%
RMD	C	0.54%
K	A	0.53%
CSL	C	0.53%
OHI	C	0.53%
MET	A	0.53%
EQR	B	0.53%
MAA	B	0.53%
PNW	B	0.52%
IRDM	D	0.52%
CPT	B	0.51%
OTIS	C	0.51%
OMF	A	0.5%
LSTR	D	0.49%
ED	D	0.49%
AVY	D	0.48%
DOX	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%
BMY	B	0.45%
VRT	B	0.45%
HRB	D	0.45%
EXPD	D	0.42%
SAIC	F	0.41%
WSM	B	0.41%
DPZ	C	0.41%
CUBE	D	0.4%
CHE	D	0.39%
V	A	0.38%
MSM	C	0.37%
BSY	D	0.37%
STNG	F	0.36%
STWD	C	0.32%
NEP	F	0.32%
PEG	A	0.26%
COST	B	0.24%
MA	C	0.23%
MAS	D	0.23%
NNN	D	0.21%
AVB	B	0.18%
CAH	B	0.17%
SCCO	F	0.16%
BAH	F	0.12%
DDS	B	0.12%
WMT	A	0.12%
ROL	B	0.12%
ZTS	D	0.11%
BAC	A	0.02%

QDEF Underweight 65 Positions Relative to DURA

Symbol	Grade	Weight
CVX	A	-5.55%
PFE	D	-3.96%
PEP	F	-3.85%
CMCSA	B	-3.1%
UPS	C	-2.94%
MCD	D	-2.84%
AMGN	D	-2.5%
COP	C	-2.27%
BLK	C	-2.11%
MDT	D	-1.99%
RTX	C	-1.95%
BX	A	-1.9%
HON	B	-1.89%
KMI	A	-1.82%
OKE	A	-1.73%
EOG	A	-1.42%
PRU	A	-1.21%
MDLZ	F	-1.19%
APD	A	-1.11%
SRE	A	-1.06%
DOW	F	-1.02%
EMR	A	-0.93%
VLO	C	-0.86%
XEL	A	-0.78%
GD	F	-0.76%
KHC	F	-0.75%
TROW	B	-0.74%
EIX	B	-0.73%
ETR	B	-0.71%
BKR	B	-0.68%
MTB	A	-0.67%
RF	A	-0.63%
LHX	C	-0.56%
ES	D	-0.53%
ADM	D	-0.51%
DTE	C	-0.49%
FE	C	-0.48%
AEE	A	-0.46%
YUM	B	-0.44%
HSY	F	-0.41%
DD	D	-0.39%
CLX	B	-0.37%
PPG	F	-0.36%
CAG	D	-0.35%
TSN	B	-0.34%
LNT	A	-0.31%
NI	A	-0.31%
EQT	B	-0.3%
SJM	D	-0.26%
EMN	D	-0.24%
APA	D	-0.21%
DGX	A	-0.2%
DINO	D	-0.19%
WTRG	B	-0.19%
RPRX	D	-0.19%
IVZ	B	-0.18%
JHG	A	-0.15%
POR	C	-0.12%
NJR	A	-0.11%
CE	F	-0.11%
HII	D	-0.09%
AGR	B	-0.08%
FHI	A	-0.07%
XRAY	F	-0.06%
THO	B	-0.06%