QLV vs. QDEF ETF Comparison

Comparison of FlexShares US Quality Low Volatility Index Fund (QLV) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.10

Average Daily Volume

10,246

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

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

$72.63

Average Daily Volume

6,797

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	QLV	QDEF
30 Days	-0.74%	0.50%
60 Days	0.99%	2.57%
90 Days	2.61%	4.32%
12 Months	24.52%	30.06%

45 Overlapping Holdings

Symbol	Grade	Weight in QLV	Weight in QDEF	Overlap
AAPL	C	5.13%	6.07%	5.13%
ABBV	F	0.97%	2.6%	0.97%
ADP	A	0.92%	1.13%	0.92%
AIZ	A	0.84%	0.58%	0.58%
AVGO	D	0.4%	0.88%	0.4%
AVY	F	0.64%	0.48%	0.48%
BAH	F	0.5%	0.12%	0.12%
CHE	D	0.74%	0.39%	0.39%
CME	B	0.91%	0.71%	0.71%
COR	B	0.2%	0.57%	0.2%
DDS	B	0.3%	0.12%	0.12%
DOX	D	0.76%	0.48%	0.48%
DUK	C	0.87%	0.77%	0.77%
EA	A	0.23%	0.6%	0.23%
ED	C	0.77%	0.49%	0.49%
EXPD	C	0.03%	0.42%	0.03%
GILD	C	1.11%	1.03%	1.03%
GIS	D	0.72%	0.45%	0.45%
GOOG	C	0.62%	1.1%	0.62%
GOOGL	C	0.87%	1.36%	0.87%
IBM	C	1.77%	1.7%	1.7%
JNJ	C	1.68%	2.93%	1.68%
JPM	A	0.21%	0.73%	0.21%
K	A	0.77%	0.53%	0.53%
LMT	D	1.07%	1.05%	1.05%
LSTR	D	0.74%	0.49%	0.49%
MCK	A	0.35%	0.71%	0.35%
META	D	1.27%	2.76%	1.27%
MRK	D	2.29%	2.25%	2.25%
MSFT	D	7.86%	4.97%	4.97%
NVDA	B	5.54%	6.0%	5.54%
PG	C	3.17%	2.83%	2.83%
PM	B	0.21%	1.65%	0.21%
PNW	A	0.52%	0.52%	0.52%
PSA	C	0.84%	0.59%	0.59%
STNG	F	0.55%	0.36%	0.36%
T	A	1.46%	0.77%	0.77%
TMUS	B	1.14%	1.14%	1.14%
V	A	2.25%	0.38%	0.38%
VRSK	A	0.39%	0.57%	0.39%
VZ	C	1.58%	0.65%	0.65%
WDFC	B	0.81%	0.55%	0.55%
WEC	A	0.83%	0.28%	0.28%
WTW	B	0.87%	0.58%	0.58%
XOM	B	1.15%	0.5%	0.5%

QLV Overweight 69 Positions Relative to QDEF

Symbol	Grade	Weight
AMZN	C	2.5%
LLY	F	2.4%
MCD	D	1.97%
PEP	F	1.52%
ABT	B	0.92%
QLYS	B	0.89%
ATR	B	0.89%
TXN	C	0.86%
TYL	B	0.81%
RGLD	C	0.77%
AMGN	F	0.73%
CB	C	0.72%
CHKP	C	0.72%
ZM	C	0.7%
WM	B	0.68%
SO	C	0.68%
QGEN	D	0.67%
TRV	B	0.66%
DTM	A	0.65%
DLR	B	0.65%
CALM	A	0.62%
EQIX	A	0.62%
ALL	A	0.62%
XEL	A	0.62%
GD	D	0.61%
PKG	A	0.61%
SMMT	D	0.61%
NOC	D	0.6%
BRK.A	B	0.59%
CINF	A	0.59%
RSG	A	0.58%
WCN	A	0.57%
CTVA	C	0.57%
AZO	C	0.56%
AEE	A	0.56%
SIGI	C	0.55%
MKL	A	0.54%
CMS	C	0.53%
JKHY	D	0.53%
SCI	B	0.53%
CTRA	B	0.53%
WRB	A	0.53%
ADC	A	0.52%
AEP	C	0.52%
TSCO	D	0.5%
SON	F	0.49%
CHRW	B	0.49%
FLO	D	0.47%
REGN	F	0.47%
HSY	F	0.46%
TTEK	F	0.46%
NBIX	C	0.43%
HRL	D	0.4%
BMRN	F	0.37%
NFG	A	0.37%
HII	F	0.36%
SLGN	A	0.33%
BMI	B	0.28%
CRUS	D	0.26%
LIN	C	0.19%
ALKS	C	0.19%
ADI	D	0.15%
ROP	B	0.14%
NCNO	C	0.13%
CAG	F	0.13%
L	A	0.11%
CWAN	B	0.09%
UNH	B	0.07%
MMC	B	0.05%

QLV Underweight 78 Positions Relative to QDEF

Symbol	Grade	Weight
HD	B	-3.07%
QCOM	F	-1.65%
INTU	B	-1.29%
TJX	A	-0.99%
SBUX	A	-0.98%
MO	A	-0.86%
CI	D	-0.83%
AMT	C	-0.82%
KLAC	F	-0.79%
ITW	B	-0.74%
MSI	B	-0.74%
BK	A	-0.67%
MMM	D	-0.66%
UNM	A	-0.65%
KO	D	-0.65%
EME	A	-0.64%
BWXT	B	-0.64%
PAYX	B	-0.63%
UMBF	B	-0.61%
CSCO	B	-0.61%
FIS	C	-0.6%
AFL	B	-0.6%
CFR	B	-0.6%
GEN	B	-0.59%
FAST	B	-0.58%
VIRT	A	-0.57%
CSWI	B	-0.57%
LDOS	C	-0.57%
D	C	-0.56%
PPL	A	-0.55%
ORI	A	-0.54%
ESS	B	-0.54%
RMD	C	-0.54%
CSL	C	-0.53%
OHI	C	-0.53%
MET	A	-0.53%
EQR	C	-0.53%
MAA	B	-0.53%
IRDM	D	-0.52%
CPT	B	-0.51%
OTIS	C	-0.51%
KMB	C	-0.51%
OMF	A	-0.5%
BPOP	C	-0.48%
RDN	D	-0.48%
LOW	C	-0.47%
NSA	C	-0.47%
OGE	A	-0.47%
IPG	D	-0.46%
DELL	B	-0.46%
BMY	B	-0.45%
VRT	B	-0.45%
HRB	D	-0.45%
WU	F	-0.43%
SAIC	F	-0.41%
WSM	C	-0.41%
DPZ	C	-0.41%
CUBE	C	-0.4%
EVRG	A	-0.4%
EBAY	D	-0.4%
EXC	C	-0.39%
SWKS	F	-0.39%
MSM	C	-0.37%
BSY	F	-0.37%
STWD	C	-0.32%
NEP	F	-0.32%
PEG	A	-0.26%
COST	A	-0.24%
MA	B	-0.23%
MAS	D	-0.23%
NNN	C	-0.21%
AVB	B	-0.18%
CAH	B	-0.17%
SCCO	F	-0.16%
WMT	A	-0.12%
ROL	B	-0.12%
ZTS	D	-0.11%
BAC	A	-0.02%