QDEF vs. PWS ETF Comparison

Comparison of FlexShares Quality Dividend Defensive Index Fund (QDEF) to Pacer WealthShield ETF (PWS)

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

$73.17

Average Daily Volume

6,939

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

PWS

Pacer WealthShield ETF

PWS Description

The investment seeks to track the total return performance, before fees and expenses, of the Pacer WealthShield Index. Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in (i) the component securities of the index or (ii) ETFs that seek to track the performance of some or all of the component securities of the index in the same approximate weight as such component securities. The index utilizes a systematic risk management strategy that directs the index's exposure to U.S. equity securities, U.S. Treasury securities, or a mix of each. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.36

Average Daily Volume

1,866

Number of Holdings ^*

217

* may have additional holdings in another (foreign) market

Performance

Period	QDEF	PWS
30 Days	2.73%	5.24%
60 Days	2.78%	-0.79%
90 Days	5.03%	1.42%
12 Months	31.02%	21.63%

44 Overlapping Holdings

Symbol	Grade	Weight in QDEF	Weight in PWS	Overlap
AAPL	B	6.07%	4.27%	4.27%
AMT	D	0.82%	1.66%	0.82%
AVB	B	0.18%	0.57%	0.18%
AVGO	D	0.88%	0.93%	0.88%
COST	B	0.24%	2.9%	0.24%
CPT	B	0.51%	0.22%	0.22%
CSCO	A	0.61%	0.28%	0.28%
D	C	0.56%	0.79%	0.56%
DELL	C	0.46%	0.05%	0.05%
DPZ	C	0.41%	0.06%	0.06%
DUK	C	0.77%	1.43%	0.77%
EBAY	C	0.4%	0.12%	0.12%
ED	D	0.49%	0.55%	0.49%
EQR	B	0.53%	0.45%	0.45%
ESS	B	0.54%	0.34%	0.34%
EVRG	A	0.4%	0.24%	0.24%
EXC	D	0.39%	0.63%	0.39%
GEN	A	0.59%	0.02%	0.02%
GIS	D	0.45%	0.25%	0.25%
HD	A	3.07%	1.59%	1.59%
IBM	C	1.7%	0.24%	0.24%
INTU	C	1.29%	0.22%	0.22%
K	A	0.53%	0.15%	0.15%
KLAC	F	0.79%	0.1%	0.1%
KMB	C	0.51%	0.32%	0.32%
KO	D	0.65%	1.72%	0.65%
LOW	C	0.47%	0.6%	0.47%
MAA	B	0.53%	0.33%	0.33%
MO	A	0.86%	0.68%	0.68%
MSFT	D	4.97%	3.79%	3.79%
MSI	C	0.74%	0.1%	0.1%
NVDA	C	6.0%	4.4%	4.4%
PEG	A	0.26%	0.74%	0.26%
PG	A	2.83%	2.84%	2.83%
PM	B	1.65%	1.43%	1.43%
PNW	B	0.52%	0.17%	0.17%
PPL	B	0.55%	0.41%	0.41%
PSA	C	0.59%	0.93%	0.59%
QCOM	F	1.65%	0.21%	0.21%
SBUX	B	0.98%	0.45%	0.45%
SWKS	F	0.39%	0.02%	0.02%
TJX	A	0.99%	0.54%	0.54%
WEC	A	0.28%	0.51%	0.28%
WMT	B	0.12%	2.67%	0.12%

QDEF Overweight 79 Positions Relative to PWS

Symbol	Grade	Weight
JNJ	D	2.93%
META	D	2.76%
ABBV	D	2.6%
MRK	F	2.25%
GOOGL	C	1.36%
TMUS	A	1.14%
ADP	B	1.13%
GOOG	C	1.1%
LMT	D	1.05%
GILD	B	1.03%
CI	D	0.83%
T	A	0.77%
ITW	A	0.74%
JPM	B	0.73%
CME	A	0.71%
MCK	C	0.71%
BK	A	0.67%
MMM	D	0.66%
VZ	B	0.65%
UNM	A	0.65%
EME	B	0.64%
BWXT	B	0.64%
PAYX	B	0.63%
UMBF	B	0.61%
FIS	D	0.6%
EA	C	0.6%
AFL	B	0.6%
CFR	B	0.6%
AIZ	B	0.58%
WTW	B	0.58%
FAST	B	0.58%
VIRT	B	0.57%
CSWI	A	0.57%
COR	C	0.57%
LDOS	D	0.57%
VRSK	A	0.57%
WDFC	B	0.55%
ORI	A	0.54%
RMD	C	0.54%
CSL	B	0.53%
OHI	D	0.53%
MET	A	0.53%
IRDM	C	0.52%
OTIS	C	0.51%
XOM	C	0.5%
OMF	A	0.5%
LSTR	B	0.49%
AVY	D	0.48%
DOX	D	0.48%
BPOP	B	0.48%
RDN	C	0.48%
NSA	C	0.47%
OGE	A	0.47%
IPG	C	0.46%
BMY	B	0.45%
VRT	B	0.45%
HRB	D	0.45%
WU	D	0.43%
EXPD	C	0.42%
SAIC	F	0.41%
WSM	B	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%
MA	B	0.23%
MAS	C	0.23%
NNN	D	0.21%
CAH	B	0.17%
SCCO	F	0.16%
BAH	F	0.12%
DDS	B	0.12%
ROL	B	0.12%
ZTS	D	0.11%
BAC	A	0.02%

QDEF Underweight 173 Positions Relative to PWS

Symbol	Grade	Weight
AMZN	C	-7.58%
TSLA	B	-3.8%
NEE	D	-2.58%
PLD	D	-1.88%
SO	D	-1.57%
PEP	F	-1.54%
EQIX	A	-1.54%
WELL	C	-1.41%
CEG	D	-1.2%
DLR	A	-1.01%
SPG	C	-0.98%
SRE	A	-0.96%
O	D	-0.88%
VST	B	-0.87%
MCD	D	-0.84%
AEP	D	-0.84%
CCI	D	-0.8%
PCG	B	-0.74%
CBRE	B	-0.7%
BKNG	B	-0.68%
XEL	A	-0.64%
EXR	C	-0.62%
MDLZ	F	-0.61%
VICI	C	-0.6%
IRM	C	-0.6%
CSGP	C	-0.55%
CL	D	-0.54%
EIX	A	-0.54%
ETR	B	-0.53%
VTR	D	-0.47%
AWK	D	-0.44%
SBAC	D	-0.42%
DTE	C	-0.41%
TGT	F	-0.4%
AEE	A	-0.4%
CRM	B	-0.39%
WY	D	-0.39%
ORCL	C	-0.37%
ATO	A	-0.37%
ES	D	-0.36%
FE	D	-0.35%
NKE	F	-0.35%
INVH	D	-0.34%
CNP	A	-0.33%
CMS	C	-0.33%
NRG	C	-0.32%
KVUE	A	-0.32%
CMG	B	-0.32%
KIM	A	-0.3%
ARE	D	-0.29%
ORLY	B	-0.28%
KR	A	-0.27%
ADBE	C	-0.27%
NI	A	-0.27%
ACN	B	-0.27%
AMD	F	-0.27%
KDP	D	-0.26%
LNT	A	-0.26%
MAR	A	-0.26%
NOW	B	-0.26%
STZ	D	-0.26%
DOC	C	-0.26%
MNST	B	-0.26%
SYY	C	-0.25%
ABNB	C	-0.24%
GM	B	-0.24%
HLT	A	-0.24%
UDR	B	-0.23%
TXN	D	-0.22%
RCL	B	-0.22%
AZO	C	-0.21%
REG	B	-0.21%
HST	C	-0.21%
BXP	D	-0.2%
DHI	D	-0.19%
CHD	B	-0.19%
KHC	D	-0.19%
ADM	F	-0.18%
HSY	F	-0.18%
ROST	C	-0.18%
F	C	-0.17%
AMAT	F	-0.17%
LEN	C	-0.16%
CLX	C	-0.15%
YUM	B	-0.15%
FRT	A	-0.15%
PLTR	B	-0.15%
AES	F	-0.15%
PANW	C	-0.15%
MKC	D	-0.14%
LULU	C	-0.14%
GRMN	A	-0.13%
TSN	B	-0.13%
ADI	D	-0.13%
MU	D	-0.13%
TSCO	C	-0.12%
ANET	C	-0.12%
INTC	C	-0.12%
PHM	C	-0.11%
DECK	A	-0.11%
EL	F	-0.11%
LRCX	F	-0.11%
DG	F	-0.11%
CRWD	B	-0.1%
SNPS	B	-0.1%
CCL	B	-0.1%
CDNS	B	-0.1%
APH	B	-0.1%
BG	F	-0.09%
EXPE	B	-0.09%
DLTR	D	-0.09%
NVR	D	-0.09%
CAG	D	-0.09%
DRI	B	-0.08%
LW	C	-0.08%
ADSK	B	-0.08%
SJM	D	-0.08%
ULTA	F	-0.07%
GPC	D	-0.07%
BBY	D	-0.07%
NXPI	D	-0.07%
FICO	B	-0.07%
LVS	C	-0.07%
ROP	B	-0.07%
FTNT	C	-0.07%
TAP	C	-0.07%
APTV	F	-0.06%
CPB	D	-0.06%
HRL	D	-0.06%
NCLH	B	-0.05%
CTSH	B	-0.05%
KMX	B	-0.05%
IT	C	-0.05%
TPR	A	-0.05%
POOL	C	-0.05%
KEYS	B	-0.04%
ANSS	B	-0.04%
LKQ	D	-0.04%
WBA	D	-0.04%
MCHP	F	-0.04%
HPQ	B	-0.04%
GLW	B	-0.04%
WDC	C	-0.03%
TDY	B	-0.03%
PTC	A	-0.03%
MHK	D	-0.03%
CDW	F	-0.03%
TYL	A	-0.03%
BWA	C	-0.03%
NTAP	C	-0.03%
HAS	D	-0.03%
GDDY	B	-0.03%
CZR	D	-0.03%
RL	B	-0.03%
HPE	B	-0.03%
MPWR	F	-0.03%
WYNN	D	-0.03%
MGM	F	-0.03%
ON	C	-0.03%
SMCI	D	-0.02%
AKAM	F	-0.02%
EPAM	C	-0.02%
FFIV	A	-0.02%
JBL	C	-0.02%
VRSN	F	-0.02%
TER	F	-0.02%
TRMB	B	-0.02%
FSLR	F	-0.02%
ZBRA	A	-0.02%
STX	D	-0.02%
QRVO	F	-0.01%
ENPH	F	-0.01%
JNPR	F	-0.01%