QDEF vs. LGLV ETF Comparison

Comparison of FlexShares Quality Dividend Defensive Index Fund (QDEF) to SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV)

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

LGLV

SPDR SSGA US Large Cap Low Volatility Index ETF

LGLV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA US Large Cap Low Volatility Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the stocks of U.S. large capitalization companies that exhibit low volatility. Volatility is a statistical measurement of the magnitude of movements in a stock's price over time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$175.44

Average Daily Volume

18,622

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

Performance

Period	QDEF	LGLV
30 Days	1.58%	2.50%
60 Days	2.63%	3.84%
90 Days	4.66%	6.74%
12 Months	30.49%	27.62%

54 Overlapping Holdings

Symbol	Grade	Weight in QDEF	Weight in LGLV	Overlap
ADP	B	1.13%	0.74%	0.74%
AFL	B	0.6%	0.7%	0.6%
AIZ	A	0.58%	0.41%	0.41%
AMT	D	0.82%	0.78%	0.78%
AVB	B	0.18%	1.06%	0.18%
AVY	D	0.48%	0.56%	0.48%
BAH	F	0.12%	0.66%	0.12%
BMY	B	0.45%	0.78%	0.45%
CHE	D	0.39%	0.29%	0.29%
CME	A	0.71%	0.83%	0.71%
COR	B	0.57%	0.73%	0.57%
COST	B	0.24%	0.72%	0.24%
CPT	B	0.51%	0.45%	0.45%
CSCO	B	0.61%	0.52%	0.52%
DOX	D	0.48%	0.35%	0.35%
DUK	C	0.77%	1.09%	0.77%
EA	A	0.6%	0.7%	0.6%
ED	D	0.49%	0.93%	0.49%
EQR	B	0.53%	1.02%	0.53%
FAST	B	0.58%	0.58%	0.58%
GIS	D	0.45%	1.05%	0.45%
GOOGL	C	1.36%	0.53%	0.53%
HD	A	3.07%	0.51%	0.51%
IBM	C	1.7%	0.63%	0.63%
ITW	B	0.74%	0.51%	0.51%
JNJ	D	2.93%	0.98%	0.98%
K	A	0.53%	0.83%	0.53%
LMT	D	1.05%	0.77%	0.77%
LOW	D	0.47%	0.38%	0.38%
LSTR	D	0.49%	0.23%	0.23%
MAA	B	0.53%	0.67%	0.53%
MCK	B	0.71%	0.79%	0.71%
MMM	D	0.66%	0.72%	0.66%
MRK	F	2.25%	0.52%	0.52%
MSFT	F	4.97%	0.66%	0.66%
MSI	B	0.74%	0.81%	0.74%
ORI	A	0.54%	0.35%	0.35%
OTIS	C	0.51%	0.67%	0.51%
PAYX	C	0.63%	0.66%	0.63%
PEG	A	0.26%	1.14%	0.26%
PG	A	2.83%	1.02%	1.02%
PSA	D	0.59%	1.01%	0.59%
ROL	B	0.12%	0.47%	0.12%
SAIC	F	0.41%	0.23%	0.23%
SBUX	A	0.98%	0.44%	0.44%
T	A	0.77%	0.71%	0.71%
TJX	A	0.99%	0.65%	0.65%
V	A	0.38%	0.64%	0.38%
VRSK	A	0.57%	0.58%	0.57%
VZ	C	0.65%	0.9%	0.65%
WEC	A	0.28%	1.0%	0.28%
WMT	A	0.12%	1.34%	0.12%
WTW	B	0.58%	0.7%	0.58%
XOM	B	0.5%	0.32%	0.32%

QDEF Overweight 69 Positions Relative to LGLV

Symbol	Grade	Weight
AAPL	C	6.07%
NVDA	C	6.0%
META	D	2.76%
ABBV	D	2.6%
QCOM	F	1.65%
PM	B	1.65%
INTU	C	1.29%
TMUS	B	1.14%
GOOG	C	1.1%
GILD	C	1.03%
AVGO	D	0.88%
MO	A	0.86%
CI	F	0.83%
KLAC	D	0.79%
JPM	A	0.73%
BK	A	0.67%
UNM	A	0.65%
KO	D	0.65%
EME	C	0.64%
BWXT	B	0.64%
UMBF	B	0.61%
FIS	C	0.6%
CFR	B	0.6%
GEN	B	0.59%
VIRT	B	0.57%
CSWI	A	0.57%
LDOS	C	0.57%
D	C	0.56%
WDFC	B	0.55%
PPL	B	0.55%
ESS	B	0.54%
RMD	C	0.54%
CSL	C	0.53%
OHI	C	0.53%
MET	A	0.53%
PNW	B	0.52%
IRDM	D	0.52%
KMB	D	0.51%
OMF	A	0.5%
BPOP	B	0.48%
RDN	C	0.48%
NSA	D	0.47%
OGE	B	0.47%
IPG	D	0.46%
DELL	C	0.46%
VRT	B	0.45%
HRB	D	0.45%
WU	D	0.43%
EXPD	D	0.42%
WSM	B	0.41%
DPZ	C	0.41%
CUBE	D	0.4%
EVRG	A	0.4%
EBAY	D	0.4%
EXC	C	0.39%
SWKS	F	0.39%
MSM	C	0.37%
BSY	D	0.37%
STNG	F	0.36%
STWD	C	0.32%
NEP	F	0.32%
MA	C	0.23%
MAS	D	0.23%
NNN	D	0.21%
CAH	B	0.17%
SCCO	F	0.16%
DDS	B	0.12%
ZTS	D	0.11%
BAC	A	0.02%

QDEF Underweight 107 Positions Relative to LGLV

Symbol	Grade	Weight
CL	D	-1.26%
XEL	A	-1.22%
APD	A	-1.19%
PEP	F	-1.18%
LIN	D	-1.13%
RSG	A	-1.05%
SO	D	-1.02%
VMC	B	-0.99%
PGR	A	-0.98%
BRK.A	B	-0.95%
EQIX	A	-0.93%
DTE	C	-0.91%
AEE	A	-0.88%
MMC	B	-0.88%
NDAQ	A	-0.88%
TRV	B	-0.85%
WM	A	-0.85%
AJG	B	-0.84%
BRO	B	-0.83%
MCD	D	-0.82%
KMI	A	-0.82%
ALL	A	-0.81%
UNH	C	-0.79%
PKG	A	-0.77%
MKL	A	-0.76%
FI	A	-0.75%
INVH	D	-0.74%
CB	C	-0.72%
CMS	C	-0.72%
ORCL	B	-0.71%
GRMN	B	-0.71%
AON	A	-0.7%
BDX	F	-0.7%
GD	F	-0.68%
NOC	D	-0.68%
ICE	C	-0.68%
WRB	A	-0.66%
FDS	B	-0.65%
TYL	B	-0.64%
ETN	A	-0.64%
ABT	B	-0.64%
CHKP	D	-0.61%
NI	A	-0.6%
HON	B	-0.6%
IEX	B	-0.6%
FOXA	B	-0.59%
MDT	D	-0.59%
J	F	-0.59%
WMB	A	-0.58%
ROP	B	-0.57%
L	A	-0.56%
SUI	D	-0.56%
CASY	A	-0.55%
BR	A	-0.55%
TXN	C	-0.55%
RYAN	B	-0.54%
PCAR	B	-0.54%
AME	A	-0.54%
GGG	B	-0.53%
AMCR	D	-0.53%
ORLY	B	-0.52%
UDR	B	-0.52%
TSCO	D	-0.51%
VRSN	F	-0.49%
AZO	C	-0.48%
CNA	B	-0.47%
ELS	C	-0.47%
UNP	C	-0.47%
HLI	B	-0.46%
NDSN	B	-0.46%
CMCSA	B	-0.45%
CHRW	C	-0.45%
AMH	D	-0.45%
LNG	B	-0.44%
JKHY	D	-0.44%
NVR	D	-0.43%
SCI	B	-0.43%
ACN	C	-0.43%
ATR	B	-0.4%
YUM	B	-0.4%
FTV	C	-0.4%
DTM	B	-0.36%
GL	B	-0.36%
AKAM	D	-0.36%
CACI	D	-0.36%
CSGP	D	-0.36%
CVX	A	-0.33%
CBSH	A	-0.32%
DCI	B	-0.32%
GPK	C	-0.31%
SEIC	B	-0.31%
TTC	D	-0.3%
EGP	F	-0.29%
DLB	B	-0.28%
ADC	B	-0.28%
RLI	B	-0.26%
FR	C	-0.26%
CDP	C	-0.25%
GNTX	C	-0.24%
MSA	D	-0.23%
CWST	A	-0.22%
SIGI	C	-0.21%
DG	F	-0.19%
MMS	F	-0.18%
SON	D	-0.17%
NEU	C	-0.14%
SOLV	C	-0.1%