SDY vs. QDF ETF Comparison

Comparison of SPDR S&P Dividend ETF (SDY) to FlexShares Quality Dividend Index Fund (QDF)

SDY

SPDR S&P Dividend ETF

SDY Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index. In seeking to track the performance of the S&P High Yield Dividend Aristocrats Index, the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the highest dividend yielding S&P Composite 1500Â® Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 20 consecutive years. It is non-diversified.

Grade (RS Rating)

Last Trade

$142.31

Average Daily Volume

183,834

Number of Holdings ^*

132

* may have additional holdings in another (foreign) market

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

Performance

Period	SDY	QDF
30 Days	0.70%	1.66%
60 Days	0.90%	2.62%
90 Days	3.52%	4.00%
12 Months	23.08%	26.92%

26 Overlapping Holdings

Symbol	Grade	Weight in SDY	Weight in QDF	Overlap
ABBV	D	1.36%	2.58%	1.36%
ADP	B	1.03%	1.11%	1.03%
AFL	B	0.88%	0.62%	0.62%
CAT	B	0.71%	0.75%	0.71%
CFR	B	0.44%	0.42%	0.42%
CHRW	C	0.76%	0.55%	0.55%
CL	D	0.9%	0.15%	0.15%
CTAS	B	0.39%	0.39%	0.39%
EIX	B	1.74%	0.34%	0.34%
EVRG	A	0.84%	0.42%	0.42%
FAST	B	1.17%	0.68%	0.68%
ITW	B	1.2%	0.74%	0.74%
JNJ	D	1.43%	3.01%	1.43%
KO	D	1.23%	2.16%	1.23%
LMT	D	1.0%	0.62%	0.62%
LOW	D	0.84%	1.27%	0.84%
MCHP	D	0.96%	0.45%	0.45%
NKE	D	0.78%	0.83%	0.78%
NNN	D	0.45%	0.23%	0.23%
NUE	C	0.74%	0.42%	0.42%
ORI	A	0.52%	0.55%	0.52%
PG	A	1.16%	3.03%	1.16%
QCOM	F	0.97%	1.68%	0.97%
UGI	A	0.3%	0.49%	0.3%
WMT	A	0.51%	0.13%	0.13%
XOM	B	1.61%	0.5%	0.5%

SDY Overweight 106 Positions Relative to QDF

Symbol	Grade	Weight
CVX	A	2.34%
O	D	2.21%
KVUE	A	1.81%
XEL	A	1.78%
WEC	A	1.72%
KMB	D	1.68%
ADM	D	1.51%
MDT	D	1.48%
TGT	F	1.48%
SO	D	1.48%
TROW	B	1.46%
PEP	F	1.45%
ED	D	1.42%
IBM	C	1.42%
SYY	B	1.32%
TXN	C	1.31%
CINF	A	1.29%
ES	D	1.28%
CLX	B	1.22%
GPC	D	1.21%
APD	A	1.2%
ATO	A	1.18%
EMR	A	1.13%
MCD	D	1.11%
NEE	D	1.11%
BBY	D	1.09%
ESS	B	1.08%
PPG	F	0.98%
CAH	B	0.97%
MKC	D	0.96%
ABT	B	0.96%
LHX	C	0.96%
LNT	A	0.88%
GD	F	0.88%
AMCR	D	0.85%
SWK	D	0.81%
RPM	A	0.79%
WM	A	0.75%
BDX	F	0.73%
NOC	D	0.72%
ADI	D	0.72%
SJM	D	0.69%
ALB	C	0.69%
LECO	B	0.66%
GGG	B	0.63%
CB	C	0.61%
NDSN	B	0.6%
RSG	A	0.59%
CHD	B	0.58%
DOV	A	0.58%
AOS	F	0.57%
JKHY	D	0.57%
ATR	B	0.56%
EXPD	D	0.55%
WTRG	B	0.54%
LIN	D	0.54%
DCI	B	0.52%
RGLD	C	0.51%
TTC	D	0.51%
PNR	A	0.5%
HRL	D	0.49%
FDS	B	0.48%
FRT	B	0.48%
CBSH	A	0.46%
PB	A	0.44%
SEIC	B	0.42%
ERIE	D	0.42%
CSL	C	0.42%
GWW	B	0.42%
ECL	D	0.42%
MSA	D	0.4%
RLI	B	0.4%
BEN	C	0.38%
SHW	A	0.38%
SPGI	C	0.36%
BMI	B	0.33%
UBSI	B	0.32%
NFG	A	0.31%
UMBF	B	0.3%
WRB	A	0.29%
SON	D	0.29%
CASY	A	0.28%
NJR	A	0.28%
OZK	B	0.28%
ROP	B	0.27%
RNR	C	0.27%
BRO	B	0.26%
OGS	A	0.25%
BKH	A	0.25%
FLO	D	0.25%
FELE	B	0.24%
FUL	F	0.24%
SR	A	0.23%
PII	D	0.23%
PRGO	B	0.22%
LANC	C	0.2%
CBU	B	0.2%
ABM	B	0.19%
CWT	D	0.18%
AWR	B	0.18%
BRC	D	0.18%
CPK	A	0.17%
AVA	A	0.17%
WST	C	0.12%
SJW	D	0.1%
SCL	C	0.1%

SDY Underweight 101 Positions Relative to QDF

Symbol	Grade	Weight
AAPL	C	-8.54%
NVDA	C	-5.81%
MSFT	F	-4.91%
META	D	-3.1%
ACN	C	-1.93%
GOOGL	C	-1.84%
HD	A	-1.77%
INTU	C	-1.74%
GOOG	C	-1.63%
PM	B	-1.41%
UNP	C	-1.24%
GILD	C	-1.0%
MS	A	-0.98%
MO	A	-0.89%
AVGO	D	-0.88%
LRCX	F	-0.87%
VRT	B	-0.83%
SBUX	A	-0.76%
KLAC	D	-0.76%
JPM	A	-0.75%
ZTS	D	-0.74%
BK	A	-0.68%
MMM	D	-0.65%
PAYX	C	-0.63%
FIS	C	-0.62%
PEG	A	-0.61%
PRU	A	-0.61%
VIRT	B	-0.6%
KTB	B	-0.6%
JHG	A	-0.6%
PSA	D	-0.6%
D	C	-0.59%
AVB	B	-0.58%
EBAY	D	-0.58%
EA	A	-0.58%
CMA	A	-0.58%
GEN	B	-0.58%
TPR	B	-0.57%
MET	A	-0.56%
SNA	A	-0.56%
WTW	B	-0.56%
EQR	B	-0.55%
MAA	B	-0.55%
VLO	C	-0.55%
MPC	D	-0.54%
NXPI	D	-0.52%
OMF	A	-0.52%
OHI	C	-0.52%
CPT	B	-0.51%
IVZ	B	-0.51%
OGE	B	-0.51%
SMG	D	-0.5%
RDN	C	-0.49%
STWD	C	-0.49%
NSA	D	-0.49%
BPOP	B	-0.48%
WDFC	B	-0.47%
FAF	A	-0.47%
DVN	F	-0.46%
MRK	F	-0.45%
IPG	D	-0.45%
WU	D	-0.45%
POOL	C	-0.44%
WSM	B	-0.43%
TT	A	-0.43%
WY	D	-0.42%
HST	C	-0.41%
SWKS	F	-0.4%
V	A	-0.4%
LNC	B	-0.39%
PFG	D	-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%
MA	C	-0.26%
OLN	D	-0.25%
COST	B	-0.24%
NTAP	C	-0.22%
WING	D	-0.2%
HRB	D	-0.17%
RMD	C	-0.17%
DPZ	C	-0.17%
PNW	B	-0.16%
PAYC	B	-0.16%
COR	B	-0.14%
BSY	D	-0.13%
EXP	A	-0.08%
WFRD	D	-0.07%
CSWI	A	-0.07%
BKNG	A	-0.07%
MAR	B	-0.05%
COP	C	-0.04%
STNG	F	-0.02%
BAC	A	-0.02%
BBWI	D	-0.01%