QDF vs. VO ETF Comparison

Comparison of FlexShares Quality Dividend Index Fund (QDF) to Vanguard Mid-Cap ETF - DNQ (VO)

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

$71.22

Average Daily Volume

46,144

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

VO

Vanguard Mid-Cap ETF - DNQ

VO Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Index, a broadly diversified index of stocks of mid-size U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$261.97

Average Daily Volume

533,019

Number of Holdings ^*

305

* may have additional holdings in another (foreign) market

Performance

Period	QDF	VO
30 Days	2.42%	4.02%
60 Days	4.87%	5.59%
90 Days	6.57%	7.89%
12 Months	27.18%	24.37%

29 Overlapping Holdings

Symbol	Grade	Weight in QDF	Weight in VO	Overlap
AVB	B	0.6%	0.4%	0.4%
BR	D	0.29%	0.31%	0.29%
BSY	D	0.14%	0.1%	0.1%
CTAS	B	0.38%	0.87%	0.38%
D	C	0.61%	0.29%	0.29%
DPZ	F	0.16%	0.18%	0.16%
DVN	F	0.48%	0.35%	0.35%
EA	D	0.53%	0.5%	0.5%
EBAY	B	0.62%	0.37%	0.37%
EIX	C	0.35%	0.42%	0.35%
EQR	B	0.58%	0.34%	0.34%
EVRG	B	0.42%	0.08%	0.08%
FAST	C	0.59%	0.49%	0.49%
FIS	B	0.61%	0.57%	0.57%
HST	C	0.42%	0.08%	0.08%
MAA	B	0.59%	0.24%	0.24%
MCHP	F	0.54%	0.55%	0.54%
NTAP	D	0.22%	0.31%	0.22%
NUE	F	0.42%	0.45%	0.42%
PEG	C	0.59%	0.5%	0.5%
PFG	B	0.38%	0.24%	0.24%
POOL	C	0.45%	0.08%	0.08%
PRU	C	0.58%	0.54%	0.54%
RMD	C	0.19%	0.45%	0.19%
SNA	C	0.45%	0.19%	0.19%
SWKS	D	0.47%	0.22%	0.22%
VRT	C	0.6%	0.37%	0.37%
WTW	C	0.54%	0.37%	0.37%
WY	C	0.45%	0.28%	0.28%

QDF Overweight 96 Positions Relative to VO

Symbol	Grade	Weight
AAPL	C	8.27%
MSFT	C	5.21%
NVDA	D	4.94%
JNJ	C	3.32%
PG	C	3.22%
ABBV	C	3.1%
META	B	3.04%
KO	C	2.57%
ACN	C	1.98%
QCOM	D	1.74%
GOOGL	D	1.69%
INTU	C	1.69%
HD	B	1.68%
GOOG	D	1.49%
PM	C	1.38%
UNP	C	1.37%
LOW	B	1.23%
ADP	B	1.06%
GILD	B	0.96%
LRCX	F	0.95%
KLAC	D	0.92%
NKE	D	0.9%
AVGO	C	0.89%
MO	C	0.84%
ZTS	C	0.83%
MS	D	0.75%
SBUX	C	0.74%
ITW	C	0.71%
MMM	B	0.69%
CAT	B	0.69%
LMT	C	0.68%
PSA	B	0.66%
JPM	D	0.65%
PAYX	C	0.62%
BK	B	0.62%
AFL	C	0.62%
NSA	B	0.57%
MRK	D	0.56%
VIRT	C	0.55%
NXPI	F	0.55%
MPC	F	0.55%
OHI	B	0.55%
CPT	B	0.54%
ORI	B	0.53%
VLO	F	0.53%
MET	B	0.53%
KTB	B	0.52%
IPG	C	0.52%
RDN	C	0.52%
STWD	A	0.52%
JHG	B	0.51%
CHRW	B	0.51%
NEP	D	0.5%
BPOP	C	0.5%
CMA	B	0.5%
OGE	C	0.5%
WU	F	0.5%
IVZ	B	0.49%
FAF	B	0.49%
UGI	C	0.49%
XOM	C	0.48%
SMG	C	0.48%
WSM	D	0.47%
OMF	D	0.45%
TPR	C	0.44%
WDFC	C	0.44%
CUBE	C	0.42%
WMS	D	0.41%
TT	B	0.4%
V	C	0.38%
SCCO	D	0.36%
ALLY	F	0.35%
LNC	D	0.34%
CFR	C	0.34%
RHI	D	0.33%
APLE	D	0.33%
IRDM	D	0.31%
OLN	D	0.27%
NNN	C	0.27%
MA	B	0.26%
WING	B	0.25%
COST	B	0.24%
HRB	C	0.18%
CL	D	0.17%
PNW	C	0.16%
PAYC	D	0.13%
WMT	C	0.12%
EXP	B	0.08%
WFRD	F	0.07%
CSWI	B	0.06%
BKNG	C	0.06%
MAR	C	0.04%
COP	D	0.04%
STNG	D	0.02%
BAC	D	0.02%
BBWI	F	0.01%

QDF Underweight 276 Positions Relative to VO

Symbol	Grade	Weight
APH	D	-1.01%
MSI	B	-0.92%
TDG	B	-0.91%
WELL	C	-0.9%
AJG	D	-0.8%
PLTR	B	-0.79%
CARR	B	-0.78%
NEM	B	-0.77%
CEG	C	-0.77%
DHI	B	-0.7%
OKE	B	-0.67%
O	C	-0.67%
PCG	C	-0.64%
PCAR	D	-0.63%
URI	B	-0.62%
ALL	B	-0.62%
DLR	B	-0.61%
WCN	D	-0.6%
CPRT	D	-0.57%
APO	C	-0.57%
LEN	B	-0.56%
AMP	A	-0.56%
TTD	B	-0.56%
LHX	C	-0.56%
MPWR	C	-0.54%
GWW	B	-0.54%
IQV	C	-0.54%
MSCI	C	-0.54%
CNC	D	-0.53%
CMI	C	-0.53%
DASH	C	-0.52%
A	C	-0.52%
KVUE	C	-0.52%
FICO	B	-0.51%
GIS	B	-0.51%
IDXX	C	-0.5%
PWR	B	-0.5%
LNG	C	-0.5%
ACGL	C	-0.5%
HES	F	-0.5%
VRSK	D	-0.49%
CTVA	B	-0.49%
HWM	B	-0.49%
AME	C	-0.49%
OTIS	C	-0.48%
CTSH	C	-0.48%
EXR	B	-0.47%
DOW	D	-0.47%
ODFL	D	-0.47%
EFX	B	-0.47%
YUM	D	-0.47%
EXC	C	-0.47%
GEHC	C	-0.46%
IR	C	-0.46%
RCL	B	-0.45%
IT	B	-0.45%
ED	C	-0.44%
BKR	C	-0.44%
CBRE	A	-0.44%
HIG	B	-0.43%
KR	C	-0.43%
DFS	C	-0.43%
FANG	D	-0.43%
XYL	D	-0.42%
ON	D	-0.42%
HPQ	D	-0.42%
XEL	B	-0.42%
MLM	D	-0.41%
MRVL	C	-0.41%
NDAQ	A	-0.41%
IRM	C	-0.41%
ALNY	C	-0.41%
DD	B	-0.4%
VICI	C	-0.4%
GLW	C	-0.4%
DDOG	D	-0.4%
VMC	D	-0.4%
ROK	D	-0.39%
COIN	F	-0.39%
VEEV	C	-0.39%
CSGP	D	-0.39%
ADM	D	-0.38%
CDW	D	-0.38%
PPG	D	-0.38%
MTD	D	-0.38%
WEC	C	-0.37%
VST	C	-0.37%
BIIB	F	-0.37%
WAB	A	-0.37%
HSY	C	-0.36%
MTB	B	-0.36%
TSCO	C	-0.36%
FITB	B	-0.36%
PHM	B	-0.35%
AWK	B	-0.35%
WMB	B	-0.35%
ANSS	D	-0.35%
GRMN	D	-0.35%
KEYS	C	-0.34%
NVR	B	-0.34%
DAL	C	-0.34%
CAH	C	-0.34%
HLT	B	-0.34%
AZO	D	-0.34%
GEV	B	-0.34%
DXCM	F	-0.34%
FTV	C	-0.33%
TTWO	C	-0.33%
VLTO	C	-0.33%
IFF	B	-0.33%
ARES	B	-0.33%
MRNA	F	-0.33%
DOV	B	-0.32%
AIG	D	-0.32%
LYB	D	-0.32%
ETR	B	-0.32%
SPG	B	-0.32%
TEAM	D	-0.32%
JCI	B	-0.31%
HAL	F	-0.31%
CHD	D	-0.31%
STT	B	-0.31%
TYL	C	-0.31%
VTR	C	-0.31%
HPE	D	-0.31%
TROW	D	-0.3%
ES	C	-0.3%
ZBH	F	-0.3%
STE	C	-0.3%
FE	C	-0.3%
HUBS	D	-0.3%
SBAC	C	-0.3%
FSLR	C	-0.29%
DTE	C	-0.29%
FTNT	C	-0.29%
NET	D	-0.29%
PPL	C	-0.29%
GDDY	C	-0.29%
RBLX	B	-0.28%
RJF	C	-0.28%
GPN	D	-0.28%
WST	D	-0.28%
TER	D	-0.27%
WDC	D	-0.27%
INVH	C	-0.27%
RF	B	-0.27%
CINF	C	-0.27%
CBOE	C	-0.27%
HBAN	B	-0.27%
SMCI	F	-0.27%
AEE	C	-0.27%
K	B	-0.27%
TDY	B	-0.26%
WAT	C	-0.26%
STX	C	-0.26%
ARE	C	-0.26%
ILMN	C	-0.26%
CPAY	B	-0.26%
OMC	B	-0.25%
MKL	C	-0.25%
BALL	C	-0.25%
GPC	D	-0.25%
MDB	D	-0.25%
MKC	C	-0.25%
SYF	C	-0.25%
CMS	C	-0.25%
KMI	B	-0.25%
DRI	B	-0.24%
J	C	-0.24%
HOLX	C	-0.24%
PINS	F	-0.24%
BAX	C	-0.24%
ESS	B	-0.24%
SYY	D	-0.24%
APTV	D	-0.24%
BBY	C	-0.24%
MOH	D	-0.24%
CLX	C	-0.24%
DG	F	-0.23%
SQ	D	-0.23%
TSN	C	-0.23%
CFG	C	-0.23%
TRU	B	-0.23%
PKG	B	-0.23%
WBD	D	-0.22%
LUV	C	-0.22%
BMRN	F	-0.22%
TXT	D	-0.22%
EXPD	C	-0.22%
DGX	B	-0.22%
CNP	C	-0.22%
DLTR	F	-0.22%
MAS	B	-0.22%
AVTR	B	-0.22%
EXPE	C	-0.22%
NTRS	A	-0.22%
ZBRA	B	-0.22%
AVY	C	-0.22%
ZS	F	-0.22%
CCL	C	-0.21%
LPLA	D	-0.21%
IP	B	-0.21%
ULTA	D	-0.21%
SUI	B	-0.21%
ALGN	D	-0.21%
EG	C	-0.21%
BURL	B	-0.21%
WRB	C	-0.21%
CTRA	F	-0.21%
VRSN	D	-0.2%
SWK	B	-0.2%
SSNC	B	-0.2%
LYV	B	-0.2%
KEY	B	-0.2%
FDS	C	-0.2%
MRO	D	-0.2%
ZM	C	-0.2%
LULU	D	-0.19%
CAG	C	-0.19%
LNT	B	-0.19%
HEI	B	-0.19%
CF	C	-0.19%
FNF	B	-0.19%
L	C	-0.19%
AKAM	D	-0.19%
ENPH	D	-0.19%
CE	F	-0.18%
JBHT	D	-0.18%
VTRS	D	-0.18%
UAL	C	-0.18%
LVS	D	-0.18%
ROL	C	-0.18%
NWSA	D	-0.17%
TW	B	-0.17%
TRMB	C	-0.17%
OKTA	F	-0.16%
IBKR	B	-0.16%
WPC	C	-0.16%
BRO	C	-0.15%
INCY	C	-0.14%
RPRX	C	-0.14%
MSTR	D	-0.13%
HEI	B	-0.13%
ALB	D	-0.13%
LDOS	B	-0.13%
HUBB	B	-0.13%
CPB	C	-0.12%
SNAP	F	-0.12%
HRL	C	-0.12%
EQT	D	-0.12%
FOXA	B	-0.12%
MGM	F	-0.11%
STLD	F	-0.11%
DOC	C	-0.1%
TPL	B	-0.1%
PODD	B	-0.09%
UDR	C	-0.09%
NI	B	-0.09%
AES	C	-0.08%
CRBG	D	-0.08%
WBA	F	-0.08%
BEN	F	-0.08%
EPAM	F	-0.07%
LKQ	F	-0.07%
SJM	C	-0.07%
LW	D	-0.06%
WMG	D	-0.05%
FOX	B	-0.05%
RKT	C	-0.03%
AGR	B	-0.03%
WLK	D	-0.03%
LEN	B	-0.02%
EDR	A	-0.02%
NWS	D	-0.01%
SIRI	C	-0.0%
LSXMK	D	-0.0%