QDF vs. IJJ ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to iShares S&P Mid-Cap 400 Value ETF (IJJ)

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

$72.61

Average Daily Volume

26,693

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

IJJ

iShares S&P Mid-Cap 400 Value ETF

IJJ Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P MidCap 400Â® Value Index (the "underlying index"), which measures the performance of the mid-capitalization value sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$133.26

Average Daily Volume

105,175

Number of Holdings ^*

292

* may have additional holdings in another (foreign) market

Performance

Period	QDF	IJJ
30 Days	0.21%	5.24%
60 Days	2.38%	7.20%
90 Days	3.47%	7.81%
12 Months	26.27%	29.62%

16 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in IJJ	Overlap
ALLY	C	0.37%	0.67%	0.37%
CFR	B	0.42%	0.35%	0.35%
CUBE	C	0.37%	0.33%	0.33%
FAF	A	0.47%	0.45%	0.45%
IRDM	D	0.31%	0.12%	0.12%
JHG	B	0.6%	0.39%	0.39%
NNN	C	0.23%	0.33%	0.23%
NSA	C	0.49%	0.1%	0.1%
OGE	A	0.51%	0.57%	0.51%
OHI	C	0.52%	0.41%	0.41%
OLN	F	0.25%	0.19%	0.19%
ORI	A	0.55%	0.6%	0.55%
SMG	C	0.5%	0.13%	0.13%
STWD	C	0.49%	0.42%	0.42%
UGI	C	0.49%	0.34%	0.34%
WU	F	0.45%	0.0%	0.0%

QDF Overweight 111 Positions Relative to IJJ

Symbol	Grade	Weight
AAPL	C	8.54%
NVDA	B	5.81%
MSFT	D	4.91%
META	D	3.1%
PG	C	3.03%
JNJ	C	3.01%
ABBV	F	2.58%
KO	D	2.16%
ACN	B	1.93%
GOOGL	C	1.84%
HD	B	1.77%
INTU	B	1.74%
QCOM	F	1.68%
GOOG	C	1.63%
PM	B	1.41%
LOW	C	1.27%
UNP	C	1.24%
ADP	A	1.11%
GILD	C	1.0%
MS	A	0.98%
MO	A	0.89%
AVGO	D	0.88%
LRCX	F	0.87%
VRT	B	0.83%
NKE	F	0.83%
SBUX	A	0.76%
KLAC	F	0.76%
CAT	B	0.75%
JPM	A	0.75%
ZTS	D	0.74%
ITW	B	0.74%
FAST	B	0.68%
BK	A	0.68%
MMM	D	0.65%
PAYX	B	0.63%
LMT	D	0.62%
FIS	C	0.62%
AFL	B	0.62%
PEG	A	0.61%
PRU	A	0.61%
VIRT	A	0.6%
KTB	B	0.6%
PSA	C	0.6%
D	C	0.59%
AVB	B	0.58%
EBAY	D	0.58%
EA	A	0.58%
CMA	B	0.58%
GEN	B	0.58%
TPR	B	0.57%
MET	A	0.56%
SNA	A	0.56%
WTW	B	0.56%
CHRW	B	0.55%
EQR	C	0.55%
MAA	B	0.55%
VLO	C	0.55%
MPC	D	0.54%
NXPI	D	0.52%
OMF	A	0.52%
CPT	B	0.51%
IVZ	B	0.51%
XOM	B	0.5%
RDN	D	0.49%
BPOP	C	0.48%
WDFC	B	0.47%
DVN	F	0.46%
MRK	D	0.45%
IPG	D	0.45%
MCHP	F	0.45%
POOL	C	0.44%
WSM	C	0.43%
TT	A	0.43%
NUE	C	0.42%
EVRG	A	0.42%
WY	F	0.42%
HST	C	0.41%
SWKS	F	0.4%
V	A	0.4%
CTAS	B	0.39%
LNC	C	0.39%
PFG	D	0.39%
RHI	C	0.38%
SCCO	F	0.36%
WMS	F	0.36%
APLE	B	0.35%
EIX	B	0.34%
NEP	F	0.3%
BR	A	0.3%
MA	B	0.26%
COST	A	0.24%
NTAP	C	0.22%
WING	D	0.2%
HRB	D	0.17%
RMD	C	0.17%
DPZ	C	0.17%
PNW	A	0.16%
PAYC	B	0.16%
CL	D	0.15%
COR	B	0.14%
WMT	A	0.13%
BSY	F	0.13%
EXP	B	0.08%
WFRD	D	0.07%
CSWI	B	0.07%
BKNG	A	0.07%
MAR	A	0.05%
COP	C	0.04%
STNG	F	0.02%
BAC	A	0.02%
BBWI	C	0.01%

QDF Underweight 276 Positions Relative to IJJ

Symbol	Grade	Weight
ILMN	C	-1.53%
EXE	A	-1.32%
DOCU	B	-1.11%
USFD	A	-1.09%
THC	D	-1.05%
COHR	B	-1.03%
RGA	A	-1.02%
PFGC	B	-0.9%
JLL	D	-0.84%
WPC	C	-0.81%
SF	B	-0.8%
JEF	A	-0.8%
BJ	A	-0.78%
RRX	B	-0.77%
FHN	A	-0.73%
GME	C	-0.72%
AA	A	-0.72%
ARMK	B	-0.69%
WBS	A	-0.69%
AFG	A	-0.69%
LAD	A	-0.67%
NLY	C	-0.66%
UTHR	C	-0.64%
WCC	B	-0.63%
CNH	C	-0.63%
AAL	B	-0.63%
GMED	A	-0.62%
XPO	B	-0.62%
KNX	C	-0.61%
AR	B	-0.6%
FLR	B	-0.59%
WTFC	A	-0.59%
SNX	D	-0.59%
ZION	B	-0.59%
MTZ	B	-0.57%
TPL	A	-0.57%
GPK	C	-0.57%
AVTR	F	-0.56%
SFM	A	-0.56%
SSB	B	-0.55%
X	B	-0.55%
SNV	C	-0.54%
RPM	A	-0.54%
PB	B	-0.53%
IBKR	A	-0.53%
FYBR	C	-0.52%
ACM	B	-0.52%
ADC	A	-0.51%
BERY	C	-0.51%
GLPI	C	-0.51%
G	B	-0.5%
OSK	C	-0.49%
TMHC	C	-0.49%
R	B	-0.48%
ONB	C	-0.47%
BURL	B	-0.46%
CMC	B	-0.46%
VMI	B	-0.46%
DINO	D	-0.46%
VNO	C	-0.46%
CACI	D	-0.46%
BIO	C	-0.45%
COLB	B	-0.44%
DAR	C	-0.44%
KD	B	-0.44%
EWBC	A	-0.44%
HR	B	-0.43%
GBCI	B	-0.43%
NOV	C	-0.43%
INGR	C	-0.42%
WHR	B	-0.42%
RNR	C	-0.41%
ARW	D	-0.41%
KRG	B	-0.4%
ESNT	F	-0.4%
CIEN	C	-0.4%
FNB	A	-0.4%
SCI	B	-0.4%
AGCO	D	-0.39%
LITE	B	-0.39%
PVH	C	-0.39%
THO	B	-0.39%
THG	A	-0.39%
PNFP	B	-0.38%
REXR	F	-0.38%
AMG	B	-0.38%
CG	B	-0.38%
FBIN	D	-0.38%
EHC	B	-0.38%
HOMB	A	-0.38%
CCK	D	-0.38%
UBSI	B	-0.38%
UMBF	B	-0.37%
BMRN	F	-0.37%
NFG	A	-0.37%
CLF	F	-0.37%
LEA	F	-0.36%
DKS	D	-0.36%
WTRG	B	-0.34%
NXST	C	-0.34%
POST	C	-0.34%
BRX	A	-0.33%
CW	C	-0.33%
BDC	C	-0.33%
GAP	C	-0.33%
WAL	B	-0.33%
ST	F	-0.33%
SON	F	-0.33%
CBSH	B	-0.33%
AYI	B	-0.33%
CUZ	B	-0.32%
IRT	A	-0.32%
LAMR	C	-0.32%
AMH	C	-0.32%
ATR	B	-0.32%
POR	C	-0.32%
VLY	B	-0.32%
VOYA	B	-0.32%
ELS	C	-0.32%
SWX	B	-0.31%
AVNT	B	-0.31%
NJR	A	-0.31%
AVT	C	-0.31%
BRBR	A	-0.3%
RGLD	C	-0.3%
TTC	C	-0.3%
JAZZ	B	-0.3%
TKO	A	-0.3%
KMPR	A	-0.29%
SBRA	C	-0.29%
FLO	D	-0.29%
ORA	B	-0.29%
FLS	B	-0.29%
M	F	-0.29%
KBR	F	-0.29%
KEX	B	-0.29%
BKH	A	-0.29%
AN	C	-0.29%
SLGN	A	-0.29%
TCBI	C	-0.28%
CNO	B	-0.28%
ASGN	F	-0.28%
TXNM	A	-0.28%
KRC	B	-0.28%
OGS	A	-0.28%
SAIC	F	-0.28%
MTG	C	-0.27%
ASB	B	-0.27%
DCI	B	-0.27%
SEIC	B	-0.27%
HQY	A	-0.27%
IDA	A	-0.26%
SR	A	-0.26%
ASH	F	-0.26%
HOG	D	-0.26%
MKSI	C	-0.26%
CGNX	D	-0.26%
MIDD	C	-0.25%
PRGO	C	-0.25%
ALE	A	-0.25%
PII	F	-0.24%
CYTK	F	-0.24%
DTM	A	-0.24%
MAT	D	-0.24%
FR	D	-0.24%
XRAY	F	-0.24%
NWE	B	-0.23%
GATX	A	-0.23%
CHE	D	-0.23%
NVST	B	-0.23%
CNM	D	-0.23%
GHC	B	-0.22%
FLG	D	-0.22%
DOCS	C	-0.22%
AZPN	A	-0.22%
STAG	D	-0.22%
FHI	B	-0.22%
EVR	B	-0.22%
PBF	D	-0.21%
BHF	C	-0.21%
SLM	A	-0.21%
EGP	D	-0.21%
EXLS	B	-0.21%
FFIN	B	-0.21%
TKR	D	-0.2%
AMKR	D	-0.2%
CVLT	B	-0.2%
MAN	F	-0.2%
VAC	C	-0.2%
PCH	F	-0.2%
PAG	B	-0.2%
KBH	D	-0.19%
ALV	C	-0.19%
CC	C	-0.19%
NEOG	F	-0.19%
CHWY	B	-0.18%
GXO	B	-0.18%
RH	C	-0.18%
GT	C	-0.18%
MUR	D	-0.18%
MASI	B	-0.18%
CXT	C	-0.18%
MTSI	B	-0.18%
SIGI	C	-0.18%
RYN	D	-0.17%
LPX	B	-0.17%
HXL	F	-0.17%
GNTX	C	-0.17%
ENOV	C	-0.17%
NOVT	D	-0.17%
RLI	A	-0.17%
WH	B	-0.17%
CRUS	D	-0.16%
BRKR	D	-0.16%
OZK	B	-0.16%
EXPO	D	-0.16%
HWC	B	-0.16%
IBOC	B	-0.15%
ALTM	B	-0.15%
JWN	D	-0.15%
ENS	F	-0.15%
RCM	A	-0.15%
MTN	C	-0.15%
ALGM	D	-0.14%
PPC	C	-0.14%
ZI	D	-0.14%
CDP	C	-0.14%
SRPT	F	-0.14%
BC	C	-0.14%
LSTR	D	-0.14%
AM	A	-0.14%
CNXC	F	-0.13%
UAA	C	-0.13%
VNOM	A	-0.13%
DLB	B	-0.13%
CRI	F	-0.13%
ROIV	C	-0.13%
CHX	C	-0.13%
CBT	D	-0.13%
EEFT	B	-0.13%
GEF	A	-0.12%
SYNA	C	-0.12%
POWI	F	-0.12%
MSM	C	-0.12%
LIVN	F	-0.12%
VSH	F	-0.12%
LANC	C	-0.12%
LFUS	D	-0.12%
HAE	C	-0.12%
CHH	A	-0.11%
OPCH	D	-0.11%
AMED	F	-0.11%
COLM	C	-0.1%
WEN	D	-0.1%
SAM	C	-0.1%
TEX	F	-0.1%
KNF	B	-0.1%
EPR	C	-0.09%
BLKB	B	-0.09%
MMS	F	-0.09%
PSN	D	-0.09%
NSP	F	-0.09%
VC	F	-0.09%
TNL	A	-0.08%
IPGP	D	-0.08%
UA	C	-0.08%
YETI	D	-0.08%
CPRI	F	-0.08%
HGV	C	-0.07%
WMG	D	-0.07%
AZTA	D	-0.05%
MAGN	D	-0.02%
EQH	C	-0.0%
CADE	B	-0.0%
UNM	A	-0.0%
FNF	B	-0.0%