QDEF vs. SPMO ETF Comparison

Comparison of FlexShares Quality Dividend Defensive Index Fund (QDEF) to PowerShares S&P 500 Momentum Portfolio (SPMO)

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

$71.13

Average Daily Volume

6,642

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

SPMO

PowerShares S&P 500 Momentum Portfolio

SPMO Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Momentum Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to track the performance of approximately 100 stocks in the S&P 500 Index that have the highest "momentum score." In general, momentum is the tendency of an investment to exhibit persistence in its relative performance. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$91.69

Average Daily Volume

982,845

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QDEF	SPMO
30 Days	3.01%	6.54%
60 Days	9.72%	15.31%
90 Days	8.06%	1.76%
12 Months	35.58%	62.10%

18 Overlapping Holdings

Symbol	Grade	Weight in QDEF	Weight in SPMO	Overlap
AFL	A	0.63%	0.39%	0.39%
AVGO	B	0.88%	5.94%	0.88%
BK	A	0.62%	0.51%	0.51%
COST	C	0.23%	3.84%	0.23%
IBM	A	1.8%	1.43%	1.43%
JPM	C	0.63%	4.79%	0.63%
KLAC	B	0.93%	0.7%	0.7%
LDOS	A	0.57%	0.21%	0.21%
MCK	F	0.59%	0.68%	0.59%
META	A	2.79%	6.63%	2.79%
MSI	A	0.68%	0.64%	0.64%
NVDA	B	4.84%	9.05%	4.84%
PEG	A	0.27%	0.28%	0.27%
T	B	0.77%	1.15%	0.77%
TJX	D	0.97%	1.01%	0.97%
TMUS	A	1.0%	0.89%	0.89%
WMT	A	0.12%	2.35%	0.12%
WTW	C	0.56%	0.2%	0.2%

QDEF Overweight 105 Positions Relative to SPMO

Symbol	Grade	Weight
AAPL	C	6.09%
MSFT	D	4.96%
JNJ	D	3.17%
HD	A	3.13%
ABBV	C	3.06%
PG	D	2.97%
MRK	F	2.66%
QCOM	D	1.69%
PM	D	1.58%
GOOGL	B	1.31%
LMT	A	1.19%
INTU	F	1.13%
ADP	A	1.06%
GOOG	B	1.06%
AMT	D	0.99%
SBUX	B	0.97%
GILD	A	0.95%
CI	D	0.9%
DUK	C	0.82%
MO	D	0.8%
KO	C	0.76%
ITW	C	0.72%
VZ	C	0.72%
CME	A	0.72%
MMM	C	0.69%
PSA	C	0.65%
PAYX	B	0.62%
D	A	0.58%
BWXT	A	0.57%
FIS	A	0.57%
IRDM	C	0.56%
CSCO	A	0.56%
KMB	D	0.56%
RMD	C	0.56%
ED	C	0.55%
PPL	C	0.55%
EME	B	0.55%
UNM	A	0.54%
OTIS	A	0.54%
AIZ	B	0.54%
GEN	A	0.54%
EQR	C	0.54%
MAA	D	0.54%
OHI	C	0.54%
VRSK	D	0.54%
PNW	C	0.53%
GIS	C	0.53%
ESS	D	0.53%
EA	D	0.53%
MET	A	0.53%
CSL	A	0.53%
COR	F	0.53%
K	B	0.53%
NSA	D	0.53%
AVY	D	0.53%
ORI	A	0.52%
CPT	C	0.52%
WDFC	B	0.51%
UMBF	C	0.51%
FAST	C	0.51%
CSWI	A	0.51%
NEP	D	0.51%
DOX	B	0.5%
IPG	D	0.5%
VIRT	B	0.5%
XOM	A	0.5%
WU	D	0.49%
RDN	D	0.49%
HRB	C	0.49%
LSTR	F	0.49%
LOW	C	0.48%
WSM	C	0.48%
BPOP	D	0.48%
OGE	C	0.47%
STNG	B	0.47%
CFR	B	0.47%
EXPD	D	0.46%
SAIC	A	0.46%
CUBE	C	0.45%
SWKS	F	0.45%
EBAY	A	0.43%
CHE	D	0.42%
OMF	D	0.42%
EXC	C	0.42%
BMY	A	0.41%
DPZ	D	0.41%
DELL	C	0.4%
EVRG	C	0.4%
BSY	D	0.39%
VRT	B	0.37%
MSM	D	0.37%
V	B	0.34%
STWD	C	0.33%
WEC	B	0.29%
NNN	C	0.25%
MAS	C	0.25%
MA	A	0.22%
SCCO	B	0.19%
AVB	C	0.18%
CAH	B	0.16%
ROL	C	0.13%
BAH	C	0.13%
ZTS	C	0.12%
DDS	D	0.11%
BAC	B	0.02%

QDEF Underweight 79 Positions Relative to SPMO

Symbol	Grade	Weight
AMZN	C	-9.38%
LLY	D	-6.34%
BRK.A	B	-6.14%
GE	B	-2.28%
PGR	B	-1.64%
AXP	A	-1.37%
GS	B	-1.28%
AMGN	D	-1.23%
KKR	A	-1.13%
RTX	A	-1.07%
REGN	D	-1.03%
ANET	A	-0.97%
BSX	A	-0.97%
ETN	B	-0.91%
CB	A	-0.88%
TT	A	-0.83%
C	B	-0.83%
VRTX	D	-0.8%
CL	D	-0.71%
CTAS	C	-0.7%
ICE	A	-0.69%
CEG	A	-0.69%
FI	A	-0.68%
TDG	A	-0.65%
APH	D	-0.63%
GD	C	-0.6%
WELL	C	-0.55%
VST	A	-0.51%
FICO	C	-0.5%
PH	A	-0.49%
CMG	C	-0.48%
ALL	A	-0.45%
HLT	A	-0.43%
AJG	C	-0.43%
WM	B	-0.43%
HWM	A	-0.41%
HIG	A	-0.39%
WMB	A	-0.38%
IRM	B	-0.38%
URI	C	-0.37%
ECL	C	-0.36%
TRGP	A	-0.36%
OKE	A	-0.33%
RSG	D	-0.33%
AIG	C	-0.33%
IR	A	-0.33%
PRU	B	-0.32%
PSX	D	-0.31%
GWW	B	-0.29%
MPC	D	-0.29%
GDDY	B	-0.28%
KMI	A	-0.27%
GRMN	D	-0.25%
IT	A	-0.24%
RCL	B	-0.23%
NRG	A	-0.23%
VLTO	A	-0.23%
FANG	D	-0.22%
WAB	A	-0.21%
BRO	A	-0.2%
AXON	A	-0.2%
NTAP	D	-0.2%
PHM	C	-0.2%
NDAQ	C	-0.2%
MLM	F	-0.19%
FITB	C	-0.19%
STX	C	-0.18%
NVR	C	-0.17%
TYL	D	-0.16%
DECK	B	-0.16%
BR	B	-0.15%
CBOE	B	-0.14%
SYF	A	-0.13%
PKG	B	-0.13%
UHS	D	-0.11%
WRB	C	-0.11%
L	C	-0.1%
NWSA	D	-0.07%
NWS	D	-0.02%