QDF vs. CSM ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to ProShares Large Cap Core Plus (CSM)

QDF

FlexShares Quality Dividend Index Fund

QDF 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 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 similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$72.76

Average Daily Volume

26,182

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

CSM

ProShares Large Cap Core Plus

CSM Description

The investment seeks investment results before fees and expenses that track the performance of the Credit Suisse 130/30 Large Cap Index (the "index"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.68

Average Daily Volume

7,638

Number of Holdings ^*

307

* may have additional holdings in another (foreign) market

Performance

Period	QDF	CSM
30 Days	1.66%	2.89%
60 Days	2.62%	4.45%
90 Days	4.00%	6.39%
12 Months	26.92%	32.21%

63 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in CSM	Overlap
AAPL	C	8.54%	4.66%	4.66%
ABBV	D	2.58%	0.35%	0.35%
ACN	C	1.93%	0.05%	0.05%
AVB	B	0.58%	0.35%	0.35%
AVGO	D	0.88%	1.22%	0.88%
BAC	A	0.02%	0.29%	0.02%
BK	A	0.68%	0.13%	0.13%
COR	B	0.14%	0.33%	0.14%
COST	B	0.24%	0.32%	0.24%
CPT	B	0.51%	0.29%	0.29%
DPZ	C	0.17%	0.05%	0.05%
DVN	F	0.46%	0.3%	0.3%
EA	A	0.58%	0.2%	0.2%
EBAY	D	0.58%	0.07%	0.07%
EIX	B	0.34%	0.32%	0.32%
EQR	B	0.55%	0.33%	0.33%
FAST	B	0.68%	0.04%	0.04%
FIS	C	0.62%	0.07%	0.07%
GEN	B	0.58%	0.18%	0.18%
GILD	C	1.0%	0.24%	0.24%
GOOG	C	1.63%	1.02%	1.02%
GOOGL	C	1.84%	1.27%	1.27%
HD	A	1.77%	0.31%	0.31%
HST	C	0.41%	0.31%	0.31%
INTU	C	1.74%	0.58%	0.58%
IPG	D	0.45%	0.12%	0.12%
IVZ	B	0.51%	0.29%	0.29%
JNJ	D	3.01%	0.4%	0.4%
JPM	A	0.75%	0.69%	0.69%
KO	D	2.16%	0.12%	0.12%
LMT	D	0.62%	0.2%	0.2%
LOW	D	1.27%	0.04%	0.04%
LRCX	F	0.87%	0.17%	0.17%
MA	C	0.26%	0.38%	0.26%
MAA	B	0.55%	0.28%	0.28%
MAR	B	0.05%	0.09%	0.05%
MET	A	0.56%	0.24%	0.24%
META	D	3.1%	1.6%	1.6%
MRK	F	0.45%	0.62%	0.45%
MSFT	F	4.91%	4.32%	4.32%
NUE	C	0.42%	0.08%	0.08%
NVDA	C	5.81%	4.99%	4.99%
PAYC	B	0.16%	0.32%	0.16%
PAYX	C	0.63%	0.07%	0.07%
PFG	D	0.39%	0.11%	0.11%
PG	A	3.03%	0.4%	0.4%
PM	B	1.41%	0.04%	0.04%
PNW	B	0.16%	0.13%	0.13%
PRU	A	0.61%	0.29%	0.29%
PSA	D	0.6%	0.14%	0.14%
QCOM	F	1.68%	0.5%	0.5%
RMD	C	0.17%	0.2%	0.17%
SNA	A	0.56%	0.39%	0.39%
SWKS	F	0.4%	0.2%	0.2%
TPR	B	0.57%	0.16%	0.16%
TT	A	0.43%	0.43%	0.43%
V	A	0.4%	0.43%	0.4%
VLO	C	0.55%	0.08%	0.08%
WMT	A	0.13%	0.24%	0.13%
WTW	B	0.56%	0.14%	0.14%
WY	D	0.42%	0.3%	0.3%
XOM	B	0.5%	0.51%	0.5%
ZTS	D	0.74%	0.15%	0.15%

QDF Overweight 64 Positions Relative to CSM

Symbol	Grade	Weight
UNP	C	1.24%
ADP	B	1.11%
MS	A	0.98%
MO	A	0.89%
VRT	B	0.83%
NKE	D	0.83%
SBUX	A	0.76%
KLAC	D	0.76%
CAT	B	0.75%
ITW	B	0.74%
MMM	D	0.65%
AFL	B	0.62%
PEG	A	0.61%
VIRT	B	0.6%
KTB	B	0.6%
JHG	A	0.6%
D	C	0.59%
CMA	A	0.58%
ORI	A	0.55%
CHRW	C	0.55%
MPC	D	0.54%
NXPI	D	0.52%
OMF	A	0.52%
OHI	C	0.52%
OGE	B	0.51%
SMG	D	0.5%
RDN	C	0.49%
STWD	C	0.49%
UGI	A	0.49%
NSA	D	0.49%
BPOP	B	0.48%
WDFC	B	0.47%
FAF	A	0.47%
MCHP	D	0.45%
WU	D	0.45%
POOL	C	0.44%
WSM	B	0.43%
CFR	B	0.42%
EVRG	A	0.42%
CTAS	B	0.39%
LNC	B	0.39%
RHI	B	0.38%
ALLY	C	0.37%
CUBE	D	0.37%
SCCO	F	0.36%
WMS	D	0.36%
APLE	B	0.35%
IRDM	D	0.31%
NEP	F	0.3%
BR	A	0.3%
OLN	D	0.25%
NNN	D	0.23%
NTAP	C	0.22%
WING	D	0.2%
HRB	D	0.17%
CL	D	0.15%
BSY	D	0.13%
EXP	A	0.08%
WFRD	D	0.07%
CSWI	A	0.07%
BKNG	A	0.07%
COP	C	0.04%
STNG	F	0.02%
BBWI	D	0.01%

QDF Underweight 244 Positions Relative to CSM

Symbol	Grade	Weight
AMZN	C	-2.77%
TSLA	B	-0.97%
BRK.A	B	-0.96%
LLY	F	-0.91%
CRM	B	-0.83%
GE	D	-0.57%
TMO	F	-0.55%
UNH	C	-0.52%
ADBE	C	-0.52%
TMUS	B	-0.5%
BMY	B	-0.49%
TJX	A	-0.48%
NFLX	A	-0.46%
VRTX	F	-0.46%
MCK	B	-0.45%
PH	A	-0.45%
MU	D	-0.44%
APH	A	-0.44%
ETN	A	-0.42%
UAL	A	-0.42%
RCL	A	-0.42%
SNPS	B	-0.42%
WELL	A	-0.42%
TRGP	B	-0.4%
CME	A	-0.4%
RJF	A	-0.4%
GM	B	-0.4%
HWM	A	-0.39%
BKR	B	-0.39%
SYF	B	-0.39%
UBER	D	-0.39%
ALL	A	-0.38%
CCL	B	-0.38%
AME	A	-0.38%
NOC	D	-0.38%
CI	F	-0.38%
GRMN	B	-0.37%
LDOS	C	-0.37%
BDX	F	-0.37%
ETR	B	-0.37%
GDDY	A	-0.37%
KR	B	-0.36%
INCY	C	-0.36%
MCO	B	-0.36%
CBRE	B	-0.35%
TROW	B	-0.35%
APD	A	-0.35%
CTSH	B	-0.35%
LYV	A	-0.35%
XEL	A	-0.35%
CDNS	B	-0.35%
NCLH	B	-0.35%
DUK	C	-0.34%
TSN	B	-0.34%
MTB	A	-0.34%
RSG	A	-0.34%
FFIV	B	-0.34%
BRO	B	-0.34%
TAP	C	-0.34%
CAH	B	-0.34%
VICI	C	-0.33%
L	A	-0.33%
FTNT	C	-0.33%
IR	B	-0.33%
NRG	B	-0.33%
PNR	A	-0.33%
TGT	F	-0.33%
HIG	B	-0.33%
PLD	D	-0.33%
FANG	D	-0.32%
RL	B	-0.32%
PEP	F	-0.32%
KMB	D	-0.32%
OTIS	C	-0.32%
LEN	D	-0.32%
AIZ	A	-0.32%
BEN	C	-0.32%
CNP	B	-0.32%
VTR	C	-0.31%
ANET	C	-0.31%
SLB	C	-0.31%
STE	F	-0.31%
PHM	D	-0.3%
DTE	C	-0.3%
ACGL	D	-0.3%
FRT	B	-0.3%
FDX	B	-0.29%
VTRS	A	-0.29%
EXC	C	-0.29%
UHS	D	-0.29%
HPQ	B	-0.29%
NTRS	A	-0.29%
A	D	-0.29%
PCG	A	-0.29%
IEX	B	-0.29%
CRL	C	-0.28%
INVH	D	-0.28%
EMN	D	-0.28%
HBAN	A	-0.28%
MTD	D	-0.28%
STX	D	-0.28%
CBOE	B	-0.28%
COF	B	-0.27%
LYB	F	-0.27%
EQIX	A	-0.26%
BBY	D	-0.26%
XYL	D	-0.26%
CNC	D	-0.26%
TXT	D	-0.26%
FOXA	B	-0.26%
WAB	B	-0.26%
ROL	B	-0.26%
SO	D	-0.26%
IQV	D	-0.25%
BAX	D	-0.25%
SWK	D	-0.25%
VRSN	F	-0.25%
PYPL	B	-0.25%
INTC	D	-0.25%
EG	C	-0.25%
MDT	D	-0.25%
CSX	B	-0.25%
BG	F	-0.24%
HII	D	-0.24%
CMCSA	B	-0.23%
PGR	A	-0.23%
OMC	C	-0.23%
DHI	D	-0.23%
PPG	F	-0.23%
MSI	B	-0.23%
HAL	C	-0.23%
DG	F	-0.22%
WDC	D	-0.22%
EMR	A	-0.22%
TFX	F	-0.21%
NI	A	-0.21%
KMX	B	-0.21%
AMAT	F	-0.21%
GL	B	-0.21%
EL	F	-0.21%
APA	D	-0.21%
DOC	D	-0.21%
CVS	D	-0.2%
REG	B	-0.2%
APTV	D	-0.2%
T	A	-0.2%
GEHC	F	-0.2%
PANW	C	-0.2%
CFG	B	-0.19%
AES	F	-0.19%
CRWD	B	-0.19%
AKAM	D	-0.19%
QRVO	F	-0.19%
PARA	C	-0.19%
SJM	D	-0.18%
MGM	D	-0.18%
BX	A	-0.18%
DFS	B	-0.18%
OKE	A	-0.18%
ADSK	A	-0.17%
CE	F	-0.16%
MOH	F	-0.16%
ABNB	C	-0.16%
BLDR	D	-0.16%
MSCI	C	-0.15%
F	C	-0.15%
BWA	D	-0.15%
HCA	F	-0.15%
FITB	A	-0.15%
WBA	F	-0.15%
AMD	F	-0.15%
WFC	A	-0.15%
NOW	A	-0.14%
GPC	D	-0.14%
BIIB	F	-0.14%
HES	B	-0.14%
SPG	B	-0.14%
STLD	B	-0.14%
URI	B	-0.13%
SYY	B	-0.13%
TDY	B	-0.13%
ORCL	B	-0.13%
FCX	D	-0.12%
PFE	D	-0.12%
ON	D	-0.12%
ROP	B	-0.12%
KMI	A	-0.12%
KDP	D	-0.12%
JKHY	D	-0.12%
NWSA	B	-0.12%
PSX	C	-0.12%
TRV	B	-0.11%
ALLE	D	-0.11%
KHC	F	-0.11%
HOLX	D	-0.11%
FSLR	F	-0.1%
CAG	D	-0.1%
CTVA	C	-0.1%
FE	C	-0.1%
LKQ	D	-0.1%
DIS	B	-0.1%
ISRG	A	-0.09%
NEM	D	-0.09%
DAY	B	-0.09%
CVX	A	-0.09%
CPB	D	-0.09%
LULU	C	-0.09%
JBL	B	-0.08%
LIN	D	-0.08%
DXCM	D	-0.08%
WRB	A	-0.08%
FTV	C	-0.07%
MTCH	D	-0.07%
DLR	B	-0.07%
ABT	B	-0.06%
AOS	F	-0.06%
CHD	B	-0.06%
HRL	D	-0.06%
CLX	B	-0.06%
IP	B	-0.06%
TRMB	B	-0.05%
PKG	A	-0.05%
EPAM	C	-0.05%
RF	A	-0.05%
VZ	C	-0.05%
MKC	D	-0.05%
CSGP	D	-0.04%
AMGN	D	-0.04%
MMC	B	-0.04%
WM	A	-0.04%
ROST	C	-0.04%
PTC	A	-0.04%
J	F	-0.04%
CSCO	B	-0.04%
MAS	D	-0.04%
WYNN	D	-0.04%
CMG	B	-0.04%
FDS	B	-0.04%
SMCI	F	-0.03%
DHR	F	-0.03%
IBM	C	-0.03%
FMC	D	-0.03%
ARE	D	-0.03%
MCD	D	-0.03%