QDEF vs. LVOL ETF Comparison

Comparison of FlexShares Quality Dividend Defensive Index Fund (QDEF) to American Century Low Volatility ETF (LVOL)

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

LVOL

American Century Low Volatility ETF

LVOL Description

The investment seeks capital appreciation. The fund generally invests in common stocks of U.S. companies that have a market capitalization greater than $2 billion. It seeks to deliver a lower realized portfolio volatility than its benchmark, the S&P 500® Index, by utilizing a stock selection process that expands on traditional measures of price volatility by including measures of asymmetric volatility and seeking securities of businesses that demonstrate consistent cash-flows, stable operations, and strong balance sheets. The fund is an actively managed ETF that does not seek to replicate the performance of a specified index.

Grade (RS Rating)

Last Trade

$55.76

Average Daily Volume

242

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QDEF	LVOL
30 Days	-0.19%	1.32%
60 Days	2.53%	3.47%
90 Days	5.17%	6.49%
12 Months	29.72%	23.96%

32 Overlapping Holdings

Symbol	Grade	Weight in QDEF	Weight in LVOL	Overlap
AAPL	C	5.95%	7.09%	5.95%
AVB	B	0.18%	0.06%	0.06%
AVY	F	0.48%	0.19%	0.19%
CHE	D	0.38%	0.07%	0.07%
COST	B	0.24%	1.99%	0.24%
CSCO	A	0.6%	2.69%	0.6%
DOX	C	0.51%	1.31%	0.51%
EA	A	0.57%	0.72%	0.57%
FAST	B	0.58%	0.53%	0.53%
GOOG	C	1.1%	0.74%	0.74%
GOOGL	C	1.36%	2.34%	1.36%
HD	B	3.03%	2.55%	2.55%
IBM	D	1.71%	0.61%	0.61%
INTU	A	1.24%	1.4%	1.24%
ITW	B	0.73%	0.81%	0.73%
JNJ	D	2.96%	2.8%	2.8%
KMB	D	0.51%	0.53%	0.51%
KO	F	0.66%	0.87%	0.66%
LOW	B	0.46%	0.5%	0.46%
LSTR	B	0.49%	0.08%	0.08%
MA	B	0.23%	2.47%	0.23%
MAS	D	0.24%	0.2%	0.2%
MRK	F	2.32%	1.55%	1.55%
MSFT	C	4.85%	7.61%	4.85%
MSI	B	0.75%	0.85%	0.75%
OTIS	D	0.5%	0.39%	0.39%
PAYX	B	0.64%	1.3%	0.64%
PG	C	2.8%	2.65%	2.65%
PSA	D	0.6%	0.32%	0.32%
V	A	0.37%	2.94%	0.37%
VRSK	A	0.56%	0.46%	0.46%
WMT	A	0.12%	0.37%	0.12%

QDEF Overweight 91 Positions Relative to LVOL

Symbol	Grade	Weight
NVDA	A	5.95%
ABBV	F	3.02%
META	B	2.78%
QCOM	F	1.7%
PM	B	1.61%
ADP	A	1.12%
TMUS	A	1.11%
LMT	D	1.08%
GILD	B	1.07%
TJX	A	0.96%
SBUX	B	0.95%
AVGO	C	0.94%
AMT	F	0.84%
KLAC	F	0.83%
MO	A	0.83%
CI	D	0.81%
DUK	D	0.78%
T	A	0.76%
CME	B	0.71%
MCK	B	0.71%
JPM	A	0.7%
BK	B	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%
UMBF	B	0.6%
AFL	C	0.59%
FIS	B	0.59%
CSWI	B	0.58%
RMD	C	0.58%
GEN	B	0.57%
COR	B	0.57%
WTW	A	0.57%
D	D	0.56%
AIZ	A	0.55%
PPL	A	0.54%
VIRT	B	0.54%
OHI	C	0.54%
MAA	C	0.53%
WDFC	B	0.53%
ESS	C	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%
MET	C	0.51%
IRDM	B	0.51%
ED	D	0.5%
XOM	B	0.49%
OMF	A	0.49%
NSA	D	0.48%
OGE	B	0.48%
SAIC	D	0.48%
BPOP	C	0.47%
DELL	C	0.46%
VRT	B	0.46%
IPG	F	0.46%
RDN	C	0.46%
HRB	D	0.45%
GIS	F	0.45%
DPZ	C	0.43%
WU	F	0.43%
BMY	B	0.41%
SWKS	F	0.41%
EXPD	C	0.41%
WSM	F	0.4%
CUBE	D	0.4%
EBAY	C	0.39%
EVRG	A	0.39%
MSM	C	0.38%
EXC	C	0.38%
BSY	F	0.37%
STNG	F	0.35%
NEP	F	0.33%
STWD	C	0.31%
WEC	B	0.28%
PEG	C	0.25%
NNN	F	0.21%
CAH	B	0.17%
SCCO	F	0.17%
BAH	C	0.14%
ROL	C	0.12%
ZTS	D	0.11%
DDS	B	0.11%
BAC	A	0.02%

QDEF Underweight 67 Positions Relative to LVOL

Symbol	Grade	Weight
AMZN	A	-2.59%
BRK.A	B	-2.43%
ACN	B	-2.42%
LIN	D	-2.29%
MMC	D	-1.88%
APH	B	-1.88%
CTAS	B	-1.77%
MDT	D	-1.73%
CTSH	A	-1.42%
ABT	C	-1.4%
SPGI	C	-1.38%
PTC	B	-1.27%
HON	B	-1.23%
MCD	C	-1.1%
BSX	A	-1.08%
PEP	D	-1.07%
RSG	B	-1.0%
SHW	A	-1.0%
ECL	C	-0.94%
GD	C	-0.93%
CL	F	-0.89%
WM	A	-0.85%
MCO	C	-0.84%
AMP	A	-0.81%
CMI	A	-0.79%
ROP	A	-0.76%
DOV	A	-0.76%
ADSK	B	-0.75%
TDY	B	-0.67%
CB	C	-0.64%
HIG	C	-0.63%
SYK	A	-0.57%
NDSN	B	-0.55%
GWW	B	-0.52%
CRM	B	-0.48%
IT	B	-0.45%
YUM	B	-0.44%
CMCSA	B	-0.41%
FI	A	-0.38%
SNA	A	-0.38%
NTAP	D	-0.37%
GRMN	A	-0.35%
IEX	B	-0.33%
NOW	A	-0.33%
AXP	B	-0.3%
BR	A	-0.29%
PKG	B	-0.24%
HOLX	D	-0.23%
CDW	F	-0.21%
BKNG	A	-0.2%
MDLZ	F	-0.19%
FDS	A	-0.18%
ZBH	C	-0.18%
VRSN	C	-0.18%
TROW	A	-0.16%
PH	A	-0.16%
JKHY	C	-0.16%
FFIV	B	-0.15%
HLT	A	-0.14%
ORLY	A	-0.14%
LLY	F	-0.13%
CW	C	-0.12%
TRV	B	-0.09%
DLB	D	-0.09%
ITT	A	-0.09%
GGG	B	-0.08%
DCI	A	-0.08%