QDEF vs. KNGZ ETF Comparison

Comparison of FlexShares Quality Dividend Defensive Index Fund (QDEF) to First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ)

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

KNGZ

First Trust S&P 500 Diversified Dividend Aristocrats ETF

KNGZ Description

The fund will normally invest at least 90% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the index. According to the index provider to the new index, the new index measures the performance of companies within the S&P 500 Index that have demonstrated stable or increasing dividend per share amounts.

Grade (RS Rating)

Last Trade

$34.72

Average Daily Volume

7,335

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QDEF	KNGZ
30 Days	1.58%	1.79%
60 Days	2.63%	2.01%
90 Days	4.66%	4.31%
12 Months	30.49%	25.92%

32 Overlapping Holdings

Symbol	Grade	Weight in QDEF	Weight in KNGZ	Overlap
ABBV	D	2.6%	1.05%	1.05%
ADP	B	1.13%	0.52%	0.52%
AFL	B	0.6%	0.58%	0.58%
AVB	B	0.18%	0.32%	0.18%
BMY	B	0.45%	1.88%	0.45%
CAH	B	0.17%	0.74%	0.17%
CI	F	0.83%	0.62%	0.62%
CME	A	0.71%	0.66%	0.66%
ESS	B	0.54%	0.35%	0.35%
EVRG	A	0.4%	0.48%	0.4%
FAST	B	0.58%	0.58%	0.58%
GIS	D	0.45%	0.62%	0.45%
HD	A	3.07%	1.01%	1.01%
IBM	C	1.7%	3.78%	1.7%
IPG	D	0.46%	2.25%	0.46%
ITW	B	0.74%	0.59%	0.59%
JNJ	D	2.93%	1.07%	1.07%
K	A	0.53%	0.57%	0.53%
KLAC	D	0.79%	0.87%	0.79%
KMB	D	0.51%	0.7%	0.51%
LMT	D	1.05%	0.5%	0.5%
LOW	D	0.47%	0.74%	0.47%
MAA	B	0.53%	0.4%	0.4%
MET	A	0.53%	0.86%	0.53%
MRK	F	2.25%	0.94%	0.94%
MSFT	F	4.97%	0.92%	0.92%
PAYX	C	0.63%	0.72%	0.63%
PM	B	1.65%	0.89%	0.89%
PNW	B	0.52%	0.46%	0.46%
QCOM	F	1.65%	2.27%	1.65%
VZ	C	0.65%	3.38%	0.65%
XOM	B	0.5%	0.59%	0.5%

QDEF Overweight 91 Positions Relative to KNGZ

Symbol	Grade	Weight
AAPL	C	6.07%
NVDA	C	6.0%
PG	A	2.83%
META	D	2.76%
GOOGL	C	1.36%
INTU	C	1.29%
TMUS	B	1.14%
GOOG	C	1.1%
GILD	C	1.03%
TJX	A	0.99%
SBUX	A	0.98%
AVGO	D	0.88%
MO	A	0.86%
AMT	D	0.82%
T	A	0.77%
DUK	C	0.77%
MSI	B	0.74%
JPM	A	0.73%
MCK	B	0.71%
BK	A	0.67%
MMM	D	0.66%
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%
CFR	B	0.6%
GEN	B	0.59%
PSA	D	0.59%
AIZ	A	0.58%
WTW	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%
PPL	B	0.55%
ORI	A	0.54%
RMD	C	0.54%
CSL	C	0.53%
OHI	C	0.53%
EQR	B	0.53%
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%
NSA	D	0.47%
OGE	B	0.47%
DELL	C	0.46%
VRT	B	0.45%
HRB	D	0.45%
WU	D	0.43%
EXPD	D	0.42%
SAIC	F	0.41%
WSM	B	0.41%
DPZ	C	0.41%
CUBE	D	0.4%
EBAY	D	0.4%
EXC	C	0.39%
CHE	D	0.39%
SWKS	F	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%
WEC	A	0.28%
PEG	A	0.26%
COST	B	0.24%
MA	C	0.23%
MAS	D	0.23%
NNN	D	0.21%
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 63 Positions Relative to KNGZ

Symbol	Grade	Weight
HPQ	B	-3.92%
HPE	B	-3.5%
GLW	B	-3.11%
TXN	C	-3.1%
MCHP	D	-2.44%
BEN	C	-2.13%
ACN	C	-2.04%
ADI	D	-1.83%
CMCSA	B	-1.71%
HAS	D	-1.62%
CVS	D	-1.58%
TROW	B	-1.55%
OMC	C	-1.52%
BBY	D	-1.5%
PRU	A	-1.4%
GPC	D	-1.39%
APH	A	-1.31%
NTRS	A	-1.14%
UPS	C	-1.1%
MTB	A	-1.09%
MDT	D	-1.07%
PFG	D	-1.02%
MCD	D	-0.99%
GRMN	B	-0.98%
OKE	A	-0.92%
CINF	A	-0.86%
CVX	A	-0.84%
CAG	D	-0.81%
KVUE	A	-0.76%
DGX	A	-0.74%
TSN	B	-0.72%
BLK	C	-0.72%
HRL	D	-0.71%
NKE	D	-0.71%
CTRA	B	-0.71%
ABT	B	-0.71%
SNA	A	-0.69%
EG	C	-0.66%
SWK	D	-0.62%
CMI	A	-0.61%
TRV	B	-0.59%
AMCR	D	-0.59%
EOG	A	-0.57%
CHRW	C	-0.56%
UNH	C	-0.56%
UNP	C	-0.55%
BDX	F	-0.55%
POOL	C	-0.55%
NSC	B	-0.55%
EMR	A	-0.55%
O	D	-0.48%
LHX	C	-0.48%
FMC	D	-0.47%
LEN	D	-0.46%
ES	D	-0.43%
ETR	B	-0.42%
FRT	B	-0.41%
EMN	D	-0.4%
EIX	B	-0.4%
AEP	D	-0.37%
CF	B	-0.36%
DLR	B	-0.36%
APD	A	-0.35%