ROUS vs. QDEF ETF Comparison

Comparison of Lattice U.S. Equity Strategy ETF (ROUS) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

ROUS

Lattice U.S. Equity Strategy ETF

ROUS Description

The investment seeks to provide investment results that, before fees and expenses, correspond to the total return performance of the Lattice Risk-Optimized US Large Cap Equity Strategy Index (LROUSLX). The fund generally invests at least 80 percent of its assets in securities of the index and in depositary receipts representing securities of the index. The index seeks to improve returns through a market cycle relative to traditional cap-weighted U.S. equity market indices and active U.S. equity market strategies.

Grade (RS Rating)

Last Trade

$51.54

Average Daily Volume

23,056

Number of Holdings ^*

345

* 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

$71.11

Average Daily Volume

5,791

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

Performance

Period	ROUS	QDEF
30 Days	2.63%	2.72%
60 Days	4.95%	6.48%
90 Days	6.74%	7.99%
12 Months	27.03%	30.41%

83 Overlapping Holdings

Symbol	Grade	Weight in ROUS	Weight in QDEF	Overlap
AAPL	C	1.25%	6.03%	1.25%
ABBV	C	1.02%	3.04%	1.02%
AFL	C	0.33%	0.61%	0.33%
AIZ	B	0.08%	0.52%	0.08%
AVB	B	0.13%	0.19%	0.13%
AVGO	C	0.64%	0.88%	0.64%
AVY	C	0.01%	0.54%	0.01%
BAC	D	0.1%	0.02%	0.02%
BAH	C	0.18%	0.12%	0.12%
BK	B	0.45%	0.61%	0.45%
BMY	C	0.25%	0.38%	0.25%
BPOP	C	0.15%	0.5%	0.15%
CAH	C	0.17%	0.16%	0.16%
CHE	C	0.13%	0.41%	0.13%
CI	C	0.28%	0.95%	0.28%
COST	B	0.58%	0.24%	0.24%
CSCO	C	0.75%	0.53%	0.53%
CSWI	B	0.05%	0.48%	0.05%
D	C	0.05%	0.59%	0.05%
DELL	D	0.77%	0.4%	0.4%
DUK	C	0.32%	0.83%	0.32%
EA	D	0.71%	0.55%	0.55%
EBAY	B	0.35%	0.42%	0.35%
ED	C	0.27%	0.55%	0.27%
EME	B	0.32%	0.52%	0.32%
EQR	B	0.14%	0.58%	0.14%
EXC	C	0.09%	0.42%	0.09%
FAST	C	0.44%	0.51%	0.44%
GILD	B	0.67%	0.95%	0.67%
GIS	B	0.17%	0.52%	0.17%
GOOGL	D	1.16%	1.24%	1.16%
HD	B	0.79%	2.93%	0.79%
HRB	C	0.55%	0.49%	0.49%
IBM	B	0.88%	1.78%	0.88%
INTU	C	0.11%	1.23%	0.11%
ITW	C	0.25%	0.7%	0.25%
JNJ	C	1.24%	3.26%	1.24%
JPM	D	0.73%	0.63%	0.63%
KLAC	D	0.33%	0.94%	0.33%
KMB	D	0.43%	0.57%	0.43%
KO	C	0.11%	0.76%	0.11%
LDOS	B	0.1%	0.54%	0.1%
LMT	C	0.42%	1.13%	0.42%
LOW	B	0.31%	0.45%	0.31%
LSTR	D	0.24%	0.49%	0.24%
MA	B	0.39%	0.22%	0.22%
MAS	B	0.27%	0.24%	0.24%
MCK	F	0.48%	0.62%	0.48%
META	B	0.75%	2.56%	0.75%
MMM	B	0.16%	0.68%	0.16%
MO	C	0.6%	0.84%	0.6%
MRK	D	1.04%	2.71%	1.04%
MSFT	C	1.19%	5.11%	1.19%
MSI	B	0.77%	0.68%	0.68%
NNN	C	0.09%	0.25%	0.09%
NVDA	D	0.85%	4.97%	0.85%
OGE	C	0.08%	0.47%	0.08%
OHI	B	0.02%	0.55%	0.02%
ORI	B	0.3%	0.51%	0.3%
OTIS	C	0.27%	0.49%	0.27%
PAYX	C	0.02%	0.6%	0.02%
PEG	B	0.24%	0.25%	0.24%
PG	C	0.7%	3.01%	0.7%
PM	C	0.35%	1.65%	0.35%
PPL	C	0.19%	0.55%	0.19%
PSA	B	0.08%	0.65%	0.08%
QCOM	D	0.55%	1.72%	0.55%
RDN	C	0.2%	0.5%	0.2%
RMD	C	0.35%	0.59%	0.35%
ROL	C	0.15%	0.13%	0.13%
SWKS	D	0.18%	0.49%	0.18%
T	C	0.9%	0.76%	0.76%
TJX	B	0.29%	1.01%	0.29%
TMUS	C	0.68%	0.99%	0.68%
UMBF	B	0.08%	0.53%	0.08%
UNM	B	0.33%	0.51%	0.33%
V	C	0.39%	0.36%	0.36%
VRSK	D	0.19%	0.55%	0.19%
VZ	B	0.9%	0.72%	0.72%
WEC	C	0.14%	0.29%	0.14%
WMT	C	1.08%	0.12%	0.12%
WSM	D	0.24%	0.46%	0.24%
XOM	C	0.79%	0.47%	0.47%

ROUS Overweight 262 Positions Relative to QDEF

Symbol	Grade	Weight
UNH	C	1.06%
NTAP	D	1.04%
HPQ	D	1.02%
LLY	C	0.94%
KR	C	0.83%
CTSH	C	0.74%
BRK.A	C	0.73%
HPE	D	0.72%
CVLT	B	0.7%
MUSA	D	0.68%
AVT	C	0.68%
TXN	C	0.65%
HUM	F	0.64%
ELV	C	0.59%
TEL	D	0.59%
EOG	D	0.58%
ORCL	C	0.58%
FICO	B	0.57%
IT	B	0.55%
APH	D	0.53%
SHW	B	0.52%
CL	D	0.52%
GWW	B	0.52%
FOXA	B	0.5%
GLW	C	0.5%
MTB	B	0.5%
AMZN	C	0.49%
CVS	D	0.49%
CINF	B	0.48%
VLO	F	0.47%
NRG	C	0.46%
CRUS	D	0.45%
ACN	C	0.45%
GDDY	C	0.45%
NSIT	D	0.44%
ACI	F	0.43%
CTAS	B	0.43%
JNPR	B	0.42%
TER	D	0.42%
AMGN	B	0.42%
CDW	D	0.42%
CMI	C	0.41%
DBX	D	0.4%
NXPI	F	0.4%
RPM	B	0.4%
UTHR	C	0.39%
BBY	C	0.39%
GPC	D	0.38%
FDX	C	0.37%
RS	D	0.37%
TRV	C	0.37%
VRTX	D	0.37%
VRSN	D	0.37%
INCY	C	0.37%
ALSN	B	0.37%
FFIV	B	0.37%
NYT	C	0.36%
SW	B	0.36%
ORLY	C	0.36%
CHRW	B	0.36%
TSCO	C	0.35%
CMCSA	D	0.35%
CB	B	0.35%
AXS	B	0.35%
VICI	C	0.35%
SANM	D	0.33%
VNT	F	0.32%
PHM	B	0.32%
MLI	A	0.32%
ETR	B	0.32%
AZO	D	0.32%
WM	D	0.31%
YUM	D	0.31%
PEP	C	0.31%
HSY	C	0.31%
BMI	A	0.31%
AMAT	D	0.3%
C	C	0.3%
ANET	B	0.3%
MKL	C	0.3%
LNG	C	0.29%
SYY	D	0.28%
GRMN	D	0.28%
CDNS	D	0.28%
MPC	F	0.28%
EG	C	0.28%
ACGL	C	0.28%
DGX	B	0.28%
OGN	D	0.28%
PCAR	D	0.27%
WTM	D	0.27%
SO	B	0.27%
GPI	B	0.26%
SNX	D	0.26%
KEYS	C	0.26%
AEP	C	0.26%
GPK	B	0.26%
CASY	D	0.26%
MCHP	F	0.26%
ALKS	C	0.26%
REGN	C	0.26%
XEL	B	0.26%
CACI	B	0.25%
RHI	D	0.25%
STLD	F	0.25%
NFG	B	0.25%
DTE	C	0.25%
DKS	D	0.24%
RF	B	0.24%
PRU	C	0.24%
MANH	B	0.24%
NVR	B	0.23%
SON	C	0.23%
LOPE	D	0.23%
STT	A	0.23%
DCI	C	0.23%
HCA	B	0.23%
EXEL	C	0.23%
DLB	D	0.23%
PGR	B	0.23%
DHI	B	0.23%
SYF	C	0.23%
CRBG	D	0.22%
AN	D	0.22%
SNA	C	0.21%
LYB	D	0.21%
ARW	C	0.21%
FLO	C	0.21%
PKG	B	0.21%
TT	B	0.21%
IRM	C	0.2%
ECL	B	0.2%
HBAN	B	0.2%
BKNG	C	0.2%
R	A	0.2%
ROP	C	0.2%
RSG	D	0.2%
SKX	D	0.19%
KD	D	0.19%
ADBE	F	0.19%
MDT	C	0.19%
DY	B	0.19%
PNC	B	0.19%
FE	C	0.19%
CVX	D	0.19%
ADC	C	0.18%
PPG	D	0.18%
AIT	A	0.18%
LRCX	F	0.18%
CAT	B	0.18%
AYI	B	0.18%
WSO	C	0.18%
FCN	D	0.17%
OC	D	0.17%
STX	C	0.17%
ASGN	D	0.17%
SNPS	D	0.17%
FITB	B	0.16%
O	C	0.16%
UFPI	C	0.16%
CBT	B	0.16%
WFC	D	0.16%
RNR	C	0.16%
MCD	B	0.15%
LAMR	B	0.14%
JBL	D	0.14%
ALL	B	0.14%
RGA	C	0.14%
MTG	B	0.14%
BSX	B	0.14%
OMC	B	0.14%
ABT	C	0.14%
EIX	C	0.13%
CMC	D	0.13%
MTD	D	0.13%
CNC	D	0.13%
POR	C	0.13%
DOV	B	0.13%
AEE	C	0.13%
COKE	C	0.13%
FLEX	C	0.12%
TGT	C	0.12%
FANG	D	0.12%
LII	B	0.12%
USB	B	0.12%
BLDR	C	0.12%
RL	C	0.12%
PSTG	F	0.12%
PANW	D	0.12%
DVN	F	0.11%
AMCR	B	0.11%
VST	C	0.1%
CHRD	F	0.1%
L	C	0.1%
NEE	C	0.1%
FSS	D	0.1%
ADI	C	0.1%
SFM	B	0.1%
CBOE	C	0.1%
HUBB	B	0.09%
NOC	B	0.09%
GLPI	C	0.09%
BJ	D	0.09%
MMS	C	0.09%
WELL	C	0.09%
INGR	B	0.08%
COP	D	0.08%
VMI	D	0.08%
SPSC	D	0.07%
SRE	C	0.07%
KNF	B	0.07%
APPF	D	0.07%
ATR	B	0.07%
GD	B	0.07%
ACIW	B	0.07%
FTNT	C	0.06%
GWRE	A	0.06%
JHG	B	0.06%
SPG	B	0.06%
NOW	B	0.05%
CCI	C	0.05%
ANF	D	0.05%
NXST	D	0.05%
BR	D	0.05%
BCO	B	0.05%
HON	D	0.05%
AKAM	D	0.05%
LNC	D	0.05%
PTC	D	0.05%
IP	B	0.04%
ADM	D	0.04%
LFUS	C	0.04%
AWI	B	0.04%
EPRT	B	0.04%
ITCI	D	0.04%
ADSK	C	0.04%
MOG.A	B	0.04%
LIN	B	0.03%
JCI	B	0.03%
COF	B	0.03%
NWSA	D	0.03%
CF	C	0.03%
FELE	C	0.03%
AOS	D	0.02%
SIRI	C	0.02%
WPC	C	0.02%
AAON	B	0.02%
SEE	D	0.02%
CHTR	D	0.02%
SYK	C	0.02%
FHN	D	0.02%
ITRI	C	0.02%
EHC	C	0.02%
VTR	C	0.02%
MSA	D	0.02%
SLGN	B	0.02%
AIG	D	0.02%
PSX	F	0.02%
ONB	C	0.01%
MPWR	C	0.01%
CIEN	C	0.01%
MTH	A	0.01%

ROUS Underweight 38 Positions Relative to QDEF

Symbol	Grade	Weight
ADP	B	-1.05%
AMT	C	-1.03%
GOOG	D	-1.01%
SBUX	C	-0.99%
CME	C	-0.7%
MAA	B	-0.58%
FIS	B	-0.58%
ESS	B	-0.57%
K	B	-0.54%
NSA	B	-0.54%
CPT	B	-0.54%
WTW	C	-0.54%
VIRT	C	-0.53%
PNW	C	-0.53%
WDFC	C	-0.51%
IPG	C	-0.5%
DOX	C	-0.5%
MET	B	-0.5%
BWXT	D	-0.5%
IRDM	D	-0.49%
NEP	D	-0.49%
CSL	B	-0.49%
WU	F	-0.49%
CFR	C	-0.48%
STNG	D	-0.46%
CUBE	B	-0.46%
SAIC	C	-0.45%
OMF	D	-0.43%
EXPD	C	-0.43%
EVRG	B	-0.4%
DPZ	F	-0.39%
BSY	D	-0.39%
MSM	D	-0.35%
STWD	B	-0.34%
VRT	C	-0.33%
SCCO	D	-0.16%
ZTS	C	-0.12%
DDS	F	-0.1%