USMC vs. QDEF ETF Comparison

Comparison of Principal U.S. Mega-Cap ETF (USMC) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

USMC

Principal U.S. Mega-Cap ETF

USMC Description

The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq US Mega Cap Select Leaders Index (the index). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities that compose the index at the time of purchase. The index uses a quantitative model designed to identify equity securities of companies in the Nasdaq US 500 Large Cap Index (the parent index) that have the largest market capitalizations, with higher weights given to less volatile securities.

Grade (RS Rating)

Last Trade

$59.43

Average Daily Volume

57,211

Number of Holdings ^*

* 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

$72.79

Average Daily Volume

6,852

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	USMC	QDEF
30 Days	3.90%	1.58%
60 Days	4.90%	2.63%
90 Days	6.95%	4.66%
12 Months	32.27%	30.49%

18 Overlapping Holdings

Symbol	Grade	Weight in USMC	Weight in QDEF	Overlap
AAPL	C	6.61%	6.07%	6.07%
ABBV	D	2.7%	2.6%	2.6%
AVGO	D	3.55%	0.88%	0.88%
BAC	A	3.03%	0.02%	0.02%
COST	B	2.79%	0.24%	0.24%
GOOGL	C	4.08%	1.36%	1.36%
HD	A	3.23%	3.07%	3.07%
JNJ	D	2.77%	2.93%	2.77%
JPM	A	4.78%	0.73%	0.73%
MA	C	4.78%	0.23%	0.23%
META	D	4.74%	2.76%	2.76%
MRK	F	2.11%	2.25%	2.11%
MSFT	F	6.37%	4.97%	4.97%
NVDA	C	4.89%	6.0%	4.89%
PG	A	4.49%	2.83%	2.83%
V	A	4.89%	0.38%	0.38%
WMT	A	3.21%	0.12%	0.12%
XOM	B	4.63%	0.5%	0.5%

USMC Overweight 7 Positions Relative to QDEF

Symbol	Grade	Weight
NFLX	A	5.21%
BRK.A	B	5.04%
UNH	C	4.25%
AMZN	C	3.76%
TSLA	B	3.3%
LLY	F	2.32%
AMD	F	2.18%

USMC Underweight 105 Positions Relative to QDEF

Symbol	Grade	Weight
IBM	C	-1.7%
QCOM	F	-1.65%
PM	B	-1.65%
INTU	C	-1.29%
TMUS	B	-1.14%
ADP	B	-1.13%
GOOG	C	-1.1%
LMT	D	-1.05%
GILD	C	-1.03%
TJX	A	-0.99%
SBUX	A	-0.98%
MO	A	-0.86%
CI	F	-0.83%
AMT	D	-0.82%
KLAC	D	-0.79%
T	A	-0.77%
DUK	C	-0.77%
ITW	B	-0.74%
MSI	B	-0.74%
CME	A	-0.71%
MCK	B	-0.71%
BK	A	-0.67%
MMM	D	-0.66%
VZ	C	-0.65%
UNM	A	-0.65%
KO	D	-0.65%
EME	C	-0.64%
BWXT	B	-0.64%
PAYX	C	-0.63%
UMBF	B	-0.61%
CSCO	B	-0.61%
FIS	C	-0.6%
EA	A	-0.6%
AFL	B	-0.6%
CFR	B	-0.6%
GEN	B	-0.59%
PSA	D	-0.59%
AIZ	A	-0.58%
WTW	B	-0.58%
FAST	B	-0.58%
VIRT	B	-0.57%
CSWI	A	-0.57%
COR	B	-0.57%
LDOS	C	-0.57%
VRSK	A	-0.57%
D	C	-0.56%
WDFC	B	-0.55%
PPL	B	-0.55%
ORI	A	-0.54%
ESS	B	-0.54%
RMD	C	-0.54%
K	A	-0.53%
CSL	C	-0.53%
OHI	C	-0.53%
MET	A	-0.53%
EQR	B	-0.53%
MAA	B	-0.53%
PNW	B	-0.52%
IRDM	D	-0.52%
CPT	B	-0.51%
OTIS	C	-0.51%
KMB	D	-0.51%
OMF	A	-0.5%
LSTR	D	-0.49%
ED	D	-0.49%
AVY	D	-0.48%
DOX	D	-0.48%
BPOP	B	-0.48%
RDN	C	-0.48%
LOW	D	-0.47%
NSA	D	-0.47%
OGE	B	-0.47%
IPG	D	-0.46%
DELL	C	-0.46%
BMY	B	-0.45%
GIS	D	-0.45%
VRT	B	-0.45%
HRB	D	-0.45%
WU	D	-0.43%
EXPD	D	-0.42%
SAIC	F	-0.41%
WSM	B	-0.41%
DPZ	C	-0.41%
CUBE	D	-0.4%
EVRG	A	-0.4%
EBAY	D	-0.4%
EXC	C	-0.39%
CHE	D	-0.39%
SWKS	F	-0.39%
MSM	C	-0.37%
BSY	D	-0.37%
STNG	F	-0.36%
STWD	C	-0.32%
NEP	F	-0.32%
WEC	A	-0.28%
PEG	A	-0.26%
MAS	D	-0.23%
NNN	D	-0.21%
AVB	B	-0.18%
CAH	B	-0.17%
SCCO	F	-0.16%
BAH	F	-0.12%
DDS	B	-0.12%
ROL	B	-0.12%
ZTS	D	-0.11%