XLI vs. QDEF ETF Comparison

Comparison of SPDR Select Sector Fund - Industrial (XLI) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

XLI

SPDR Select Sector Fund - Industrial

XLI Description

The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Industrial Select Sector Index. The fund invests at least 95% of its assets in the securities comprising the index. The index includes companies from the following industries: aerospace & defense; industrial conglomerates; machinery; road & rail; air freight & logistics; commercial services & supplies; professional services; electrical equipment; construction & engineering; trading companies & distributors; airlines; and building products. It is non-diversified.

Grade (RS Rating)

Last Trade

$134.12

Average Daily Volume

8,692,787

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

$71.11

Average Daily Volume

5,791

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

Performance

Period	XLI	QDEF
30 Days	5.28%	2.72%
60 Days	7.41%	6.48%
90 Days	9.44%	7.99%
12 Months	30.72%	30.41%

12 Overlapping Holdings

Symbol	Grade	Weight in XLI	Weight in QDEF	Overlap
ADP	B	2.85%	1.05%	1.05%
EXPD	C	0.43%	0.43%	0.43%
FAST	C	1.0%	0.51%	0.51%
ITW	C	1.71%	0.7%	0.7%
LDOS	B	0.53%	0.54%	0.53%
LMT	C	3.05%	1.13%	1.13%
MAS	B	0.44%	0.24%	0.24%
MMM	B	1.85%	0.68%	0.68%
OTIS	C	0.95%	0.49%	0.49%
PAYX	C	1.09%	0.6%	0.6%
ROL	C	0.36%	0.13%	0.13%
VRSK	D	0.96%	0.55%	0.55%

XLI Overweight 66 Positions Relative to QDEF

Symbol	Grade	Weight
GE	B	4.89%
CAT	B	4.24%
RTX	C	3.97%
UNP	C	3.81%
UBER	C	3.8%
HON	D	3.33%
ETN	C	3.07%
DE	B	2.56%
UPS	D	2.33%
BA	F	2.27%
TT	B	2.07%
TDG	B	1.92%
PH	B	1.9%
WM	D	1.9%
NOC	B	1.81%
CTAS	B	1.8%
GD	B	1.74%
CSX	D	1.64%
FDX	C	1.62%
CARR	B	1.61%
GEV	B	1.55%
EMR	D	1.46%
NSC	C	1.39%
PCAR	D	1.25%
JCI	B	1.23%
URI	B	1.22%
CPRT	D	1.1%
GWW	B	1.09%
LHX	C	1.09%
RSG	D	1.06%
CMI	C	1.04%
PWR	B	0.99%
AME	C	0.97%
EFX	B	0.95%
HWM	B	0.93%
IR	C	0.92%
ODFL	D	0.86%
XYL	C	0.79%
WAB	B	0.75%
ROK	D	0.75%
DAL	C	0.73%
AXON	B	0.67%
FTV	C	0.65%
DOV	B	0.64%
BR	D	0.63%
VLTO	C	0.61%
BLDR	C	0.56%
HUBB	B	0.54%
J	C	0.45%
LUV	C	0.43%
TXT	D	0.42%
UAL	C	0.41%
SWK	B	0.39%
IEX	D	0.38%
PNR	B	0.38%
SNA	C	0.37%
NDSN	C	0.34%
JBHT	D	0.34%
ALLE	B	0.31%
CHRW	B	0.29%
HII	D	0.26%
AOS	D	0.25%
DAY	D	0.24%
PAYC	D	0.21%
GNRC	D	0.21%
AAL	D	0.18%

XLI Underweight 109 Positions Relative to QDEF

Symbol	Grade	Weight
AAPL	C	-6.03%
MSFT	C	-5.11%
NVDA	D	-4.97%
JNJ	C	-3.26%
ABBV	C	-3.04%
PG	C	-3.01%
HD	B	-2.93%
MRK	D	-2.71%
META	B	-2.56%
IBM	B	-1.78%
QCOM	D	-1.72%
PM	C	-1.65%
GOOGL	D	-1.24%
INTU	C	-1.23%
AMT	C	-1.03%
TJX	B	-1.01%
GOOG	D	-1.01%
TMUS	C	-0.99%
SBUX	C	-0.99%
GILD	B	-0.95%
CI	C	-0.95%
KLAC	D	-0.94%
AVGO	C	-0.88%
MO	C	-0.84%
DUK	C	-0.83%
T	C	-0.76%
KO	C	-0.76%
VZ	B	-0.72%
CME	C	-0.7%
MSI	B	-0.68%
PSA	B	-0.65%
JPM	D	-0.63%
MCK	F	-0.62%
BK	B	-0.61%
AFL	C	-0.61%
D	C	-0.59%
RMD	C	-0.59%
MAA	B	-0.58%
EQR	B	-0.58%
FIS	B	-0.58%
KMB	D	-0.57%
ESS	B	-0.57%
PPL	C	-0.55%
EA	D	-0.55%
OHI	B	-0.55%
ED	C	-0.55%
AVY	C	-0.54%
K	B	-0.54%
NSA	B	-0.54%
CPT	B	-0.54%
WTW	C	-0.54%
VIRT	C	-0.53%
PNW	C	-0.53%
UMBF	B	-0.53%
CSCO	C	-0.53%
EME	B	-0.52%
GIS	B	-0.52%
AIZ	B	-0.52%
UNM	B	-0.51%
WDFC	C	-0.51%
ORI	B	-0.51%
IPG	C	-0.5%
DOX	C	-0.5%
MET	B	-0.5%
BPOP	C	-0.5%
BWXT	D	-0.5%
RDN	C	-0.5%
LSTR	D	-0.49%
IRDM	D	-0.49%
NEP	D	-0.49%
SWKS	D	-0.49%
CSL	B	-0.49%
WU	F	-0.49%
HRB	C	-0.49%
CSWI	B	-0.48%
CFR	C	-0.48%
XOM	C	-0.47%
OGE	C	-0.47%
STNG	D	-0.46%
WSM	D	-0.46%
CUBE	B	-0.46%
LOW	B	-0.45%
SAIC	C	-0.45%
OMF	D	-0.43%
EBAY	B	-0.42%
EXC	C	-0.42%
CHE	C	-0.41%
EVRG	B	-0.4%
DELL	D	-0.4%
DPZ	F	-0.39%
BSY	D	-0.39%
BMY	C	-0.38%
V	C	-0.36%
MSM	D	-0.35%
STWD	B	-0.34%
VRT	C	-0.33%
WEC	C	-0.29%
NNN	C	-0.25%
PEG	B	-0.25%
COST	B	-0.24%
MA	B	-0.22%
AVB	B	-0.19%
CAH	C	-0.16%
SCCO	D	-0.16%
WMT	C	-0.12%
ZTS	C	-0.12%
BAH	C	-0.12%
DDS	F	-0.1%
BAC	D	-0.02%