QDEF vs. FXR ETF Comparison

Comparison of FlexShares Quality Dividend Defensive Index Fund (QDEF) to First Trust Industrials AlphaDEX (FXR)

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

$70.89

Average Daily Volume

6,104

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

FXR

First Trust Industrials AlphaDEX

FXR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Industrials Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the industrials and producer durables sectors that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$74.88

Average Daily Volume

63,323

Number of Holdings ^*

135

* may have additional holdings in another (foreign) market

Performance

Period	QDEF	FXR
30 Days	1.98%	3.66%
60 Days	6.45%	8.48%
90 Days	7.70%	11.93%
12 Months	35.01%	33.12%

12 Overlapping Holdings

Symbol	Grade	Weight in QDEF	Weight in FXR	Overlap
BAH	A	0.13%	1.15%	0.13%
BWXT	A	0.57%	0.73%	0.57%
CSL	A	0.53%	0.97%	0.53%
EME	C	0.55%	1.31%	0.55%
EXPD	D	0.46%	0.22%	0.22%
ITW	B	0.72%	0.24%	0.24%
LMT	A	1.19%	0.55%	0.55%
LSTR	F	0.49%	0.21%	0.21%
MAS	A	0.25%	0.55%	0.25%
MSM	D	0.37%	0.97%	0.37%
VRSK	C	0.54%	0.63%	0.54%
WU	D	0.49%	0.64%	0.49%

QDEF Overweight 111 Positions Relative to FXR

Symbol	Grade	Weight
AAPL	C	6.09%
MSFT	D	4.96%
NVDA	B	4.84%
JNJ	D	3.17%
HD	A	3.13%
ABBV	B	3.06%
PG	D	2.97%
META	A	2.79%
MRK	F	2.66%
IBM	A	1.8%
QCOM	C	1.69%
PM	D	1.58%
GOOGL	B	1.31%
INTU	F	1.13%
ADP	A	1.06%
GOOG	B	1.06%
TMUS	A	1.0%
AMT	C	0.99%
SBUX	C	0.97%
TJX	D	0.97%
GILD	A	0.95%
KLAC	B	0.93%
CI	D	0.9%
AVGO	C	0.88%
DUK	B	0.82%
MO	D	0.8%
T	A	0.77%
KO	C	0.76%
VZ	B	0.72%
CME	A	0.72%
MMM	C	0.69%
MSI	A	0.68%
PSA	C	0.65%
AFL	A	0.63%
JPM	D	0.63%
PAYX	A	0.62%
BK	C	0.62%
MCK	F	0.59%
D	A	0.58%
LDOS	A	0.57%
FIS	B	0.57%
IRDM	B	0.56%
WTW	C	0.56%
CSCO	A	0.56%
KMB	D	0.56%
RMD	C	0.56%
ED	A	0.55%
PPL	B	0.55%
UNM	A	0.54%
OTIS	A	0.54%
AIZ	B	0.54%
GEN	B	0.54%
EQR	C	0.54%
MAA	D	0.54%
OHI	C	0.54%
PNW	B	0.53%
GIS	C	0.53%
ESS	D	0.53%
EA	D	0.53%
MET	B	0.53%
COR	F	0.53%
K	A	0.53%
NSA	C	0.53%
AVY	D	0.53%
ORI	B	0.52%
CPT	C	0.52%
WDFC	D	0.51%
UMBF	C	0.51%
FAST	C	0.51%
CSWI	C	0.51%
NEP	D	0.51%
DOX	B	0.5%
IPG	D	0.5%
VIRT	B	0.5%
XOM	A	0.5%
RDN	D	0.49%
HRB	C	0.49%
LOW	A	0.48%
WSM	B	0.48%
BPOP	D	0.48%
OGE	A	0.47%
STNG	C	0.47%
CFR	D	0.47%
SAIC	A	0.46%
CUBE	C	0.45%
SWKS	F	0.45%
EBAY	A	0.43%
CHE	C	0.42%
OMF	F	0.42%
EXC	A	0.42%
BMY	B	0.41%
DPZ	D	0.41%
DELL	C	0.4%
EVRG	C	0.4%
BSY	D	0.39%
VRT	B	0.37%
V	C	0.34%
STWD	C	0.33%
WEC	A	0.29%
PEG	A	0.27%
NNN	A	0.25%
COST	C	0.23%
MA	A	0.22%
SCCO	B	0.19%
AVB	C	0.18%
CAH	B	0.16%
ROL	C	0.13%
WMT	A	0.12%
ZTS	C	0.12%
DDS	D	0.11%
BAC	D	0.02%

QDEF Underweight 123 Positions Relative to FXR

Symbol	Grade	Weight
BLDR	B	-1.53%
FIX	B	-1.45%
HWM	A	-1.42%
ALSN	A	-1.4%
G	A	-1.35%
TT	A	-1.31%
PWR	B	-1.3%
HEI	C	-1.3%
AXP	B	-1.29%
SNDR	C	-1.29%
BC	D	-1.27%
TTEK	A	-1.27%
GPK	D	-1.25%
GTES	C	-1.24%
SNA	A	-1.23%
CNH	D	-1.23%
MDU	C	-1.21%
SON	D	-1.19%
EXP	B	-1.16%
FICO	A	-1.15%
SYF	B	-1.15%
GPN	F	-1.12%
OC	C	-1.11%
AGCO	D	-1.1%
URI	C	-1.1%
SLGN	C	-1.09%
AAON	B	-1.09%
PCAR	C	-1.06%
AL	D	-1.06%
R	C	-1.04%
FOUR	B	-1.04%
BERY	C	-1.04%
GE	C	-1.03%
OSK	F	-1.02%
LII	C	-1.02%
MIDD	D	-1.02%
TDY	A	-1.0%
AYI	A	-0.99%
DE	B	-0.98%
TDG	B	-0.97%
WCC	D	-0.96%
COF	C	-0.95%
DOV	B	-0.95%
KNX	D	-0.94%
HII	F	-0.94%
TXT	F	-0.9%
PYPL	C	-0.89%
SPR	F	-0.89%
MLM	F	-0.88%
AXON	A	-0.86%
ADTN	C	-0.86%
LPX	C	-0.83%
PNR	B	-0.82%
FDX	F	-0.79%
PKG	B	-0.76%
ATI	C	-0.76%
CTAS	C	-0.76%
CAT	A	-0.75%
AWI	A	-0.74%
SSD	B	-0.72%
AOS	B	-0.7%
JBHT	D	-0.69%
RHI	D	-0.68%
BLD	D	-0.67%
XPO	F	-0.67%
KEX	C	-0.66%
DOW	B	-0.66%
DCI	C	-0.66%
CSX	D	-0.65%
NVT	D	-0.59%
CNM	F	-0.59%
CXT	F	-0.58%
CCK	C	-0.57%
MKSI	F	-0.56%
PH	B	-0.56%
VNT	F	-0.56%
ALLE	A	-0.54%
FI	A	-0.53%
AMCR	C	-0.52%
ITT	C	-0.52%
CMI	A	-0.52%
BALL	C	-0.5%
ATR	A	-0.5%
ESAB	C	-0.5%
AZEK	C	-0.49%
GGG	C	-0.49%
JKHY	A	-0.47%
FCN	C	-0.47%
FTV	C	-0.47%
IEX	D	-0.47%
PPG	D	-0.47%
LECO	F	-0.46%
WSC	D	-0.46%
LFUS	D	-0.46%
GXO	D	-0.45%
EEFT	F	-0.43%
UPS	D	-0.43%
WMS	D	-0.43%
RRX	C	-0.27%
RTX	A	-0.26%
HAYW	C	-0.26%
CW	A	-0.26%
RPM	B	-0.25%
JCI	C	-0.25%
WAB	B	-0.25%
GWW	B	-0.25%
KEYS	C	-0.25%
HUBB	B	-0.25%
ACN	B	-0.25%
J	F	-0.24%
DD	C	-0.24%
NDSN	C	-0.24%
SEE	D	-0.23%
UNP	D	-0.23%
FLS	B	-0.23%
LHX	A	-0.22%
AME	D	-0.22%
GD	C	-0.22%
HON	C	-0.21%
WWD	C	-0.21%
EMR	B	-0.21%
MSA	F	-0.2%
SAIA	D	-0.19%