BLES vs. QDEF ETF Comparison

Comparison of Inspire Global Hope Large Cap ETF (BLES) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

BLES

Inspire Global Hope Large Cap ETF

BLES Description

Inspire Global Hope Large Cap ETF is designed to create meaningful impact by investing in some of the most inspiring companies from around the globe, while also seeking to provide investors with a low cost, high impact investment that meets the stringent demands of modern investors. All Inspire ETF%u2019s meet biblically responsible investing (BRI) standards, which measure a portfolio%u2019s alignment with biblical values.

Grade (RS Rating)

Last Trade

$39.00

Average Daily Volume

10,355

Number of Holdings ^*

206

* 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	BLES	QDEF
30 Days	1.25%	1.58%
60 Days	-0.09%	2.63%
90 Days	1.05%	4.66%
12 Months	20.29%	30.49%

23 Overlapping Holdings

Symbol	Grade	Weight in BLES	Weight in QDEF	Overlap
AVGO	D	0.25%	0.88%	0.25%
CPT	B	0.25%	0.51%	0.25%
CSL	C	0.25%	0.53%	0.25%
DOX	D	0.24%	0.48%	0.24%
EME	C	0.31%	0.64%	0.31%
EQR	B	0.26%	0.53%	0.26%
ESS	B	0.26%	0.54%	0.26%
EVRG	A	0.26%	0.4%	0.26%
EXPD	D	0.23%	0.42%	0.23%
FAST	B	0.29%	0.58%	0.29%
GEN	B	0.27%	0.59%	0.27%
KLAC	D	0.21%	0.79%	0.21%
MAA	B	0.26%	0.53%	0.26%
OGE	B	0.27%	0.47%	0.27%
PAYX	C	0.27%	0.63%	0.27%
PSA	D	0.24%	0.59%	0.24%
QCOM	F	0.25%	1.65%	0.25%
RMD	C	0.25%	0.54%	0.25%
ROL	B	0.25%	0.12%	0.12%
SCCO	F	0.23%	0.16%	0.16%
SWKS	F	0.22%	0.39%	0.22%
VRSK	A	0.27%	0.57%	0.27%
WEC	A	0.27%	0.28%	0.27%

BLES Overweight 183 Positions Relative to QDEF

Symbol	Grade	Weight
COIN	C	0.47%
TRGP	B	0.36%
IBKR	A	0.34%
KMI	A	0.33%
SFM	A	0.33%
WCC	B	0.32%
SNA	A	0.32%
OKE	A	0.32%
MRVL	B	0.32%
HQY	B	0.32%
EMR	A	0.31%
EVR	B	0.31%
AIT	A	0.31%
GRMN	B	0.31%
NET	B	0.31%
FCNCA	A	0.31%
AAON	B	0.31%
EPAM	C	0.3%
LW	C	0.3%
NTNX	A	0.3%
DLR	B	0.3%
OVV	B	0.3%
DDOG	A	0.3%
FTNT	C	0.3%
FICO	B	0.3%
IP	B	0.3%
CINF	A	0.29%
OC	A	0.29%
VMC	B	0.29%
RPM	A	0.29%
LBRDA	C	0.29%
ALB	C	0.29%
STLD	B	0.29%
PCAR	B	0.29%
TRMB	B	0.29%
RF	A	0.29%
SNOW	C	0.29%
AME	A	0.29%
PODD	C	0.29%
ETR	B	0.29%
PANW	C	0.29%
MKL	A	0.28%
RS	B	0.28%
CPRT	A	0.28%
SPG	B	0.28%
MRO	B	0.28%
WELL	A	0.28%
MLM	B	0.28%
SSB	B	0.28%
WSO	A	0.28%
CIEN	B	0.28%
CTRA	B	0.28%
ISRG	A	0.28%
PH	A	0.28%
APH	A	0.28%
EOG	A	0.28%
DECK	A	0.28%
PKG	A	0.28%
CW	B	0.28%
MSCI	C	0.27%
WAL	B	0.27%
REG	B	0.27%
NBIX	C	0.27%
TYL	B	0.27%
DOV	A	0.27%
ORLY	B	0.27%
RRX	B	0.27%
ATR	B	0.27%
JBHT	C	0.27%
GFS	C	0.27%
VLO	C	0.27%
FANG	D	0.27%
SNPS	B	0.27%
RSG	A	0.27%
HAL	C	0.27%
WM	A	0.27%
ATO	A	0.27%
ANSS	B	0.27%
CTAS	B	0.27%
BRO	B	0.27%
INCY	C	0.27%
CNP	B	0.27%
WRB	A	0.27%
L	A	0.27%
ODFL	B	0.27%
JBL	B	0.27%
NTAP	C	0.26%
ELS	C	0.26%
TMHC	B	0.26%
VTR	C	0.26%
VEEV	C	0.26%
CBOE	B	0.26%
GGG	B	0.26%
AGR	B	0.26%
CSX	B	0.26%
OKTA	C	0.26%
WST	C	0.26%
PGR	A	0.26%
WTRG	B	0.26%
CF	B	0.26%
URI	B	0.26%
MNST	C	0.26%
SLB	C	0.26%
AEI	D	0.26%
NDSN	B	0.25%
KEYS	A	0.25%
CSGP	D	0.25%
E	F	0.25%
MANH	D	0.25%
NUE	C	0.25%
POOL	C	0.25%
HOLX	D	0.25%
DVN	F	0.25%
CMS	C	0.25%
BIO	D	0.25%
INVH	D	0.25%
AZO	C	0.25%
JKHY	D	0.25%
CAT	B	0.25%
OXY	D	0.25%
HST	C	0.25%
UDR	B	0.25%
ICE	C	0.25%
SSNC	B	0.25%
ROP	B	0.25%
ANET	C	0.25%
BXP	D	0.25%
PLD	D	0.24%
LSCC	D	0.24%
DLTR	F	0.24%
BLDR	D	0.24%
RPRX	D	0.24%
BG	F	0.24%
ON	D	0.24%
CNI	D	0.24%
EXR	D	0.24%
TTC	D	0.24%
COKE	C	0.24%
SUI	D	0.24%
DOC	D	0.24%
AWK	D	0.24%
WDC	D	0.24%
STE	F	0.23%
ALGN	D	0.23%
NVR	D	0.23%
ARE	D	0.23%
FCX	D	0.23%
ENTG	D	0.23%
CPB	D	0.23%
APA	D	0.23%
NXPI	D	0.23%
PHM	D	0.23%
CEG	D	0.23%
LEN	D	0.23%
WY	D	0.23%
MKC	D	0.23%
DG	F	0.23%
CHKP	D	0.23%
BWA	D	0.23%
WPC	D	0.23%
EFX	F	0.22%
WLK	D	0.22%
DHI	D	0.22%
LYB	F	0.22%
BAX	D	0.22%
GPC	D	0.22%
NEM	D	0.21%
IQV	D	0.21%
MCHP	D	0.21%
CAG	D	0.21%
MOH	F	0.21%
IDXX	F	0.21%
ERIE	D	0.2%
TER	D	0.2%
MTD	D	0.2%
AOS	F	0.2%
UWMC	D	0.19%
FSLR	F	0.19%
ELV	F	0.19%
ICLR	D	0.18%
SMCI	F	0.17%
MPWR	F	0.16%
ENPH	F	0.14%

BLES Underweight 100 Positions Relative to QDEF

Symbol	Grade	Weight
AAPL	C	-6.07%
NVDA	C	-6.0%
MSFT	F	-4.97%
HD	A	-3.07%
JNJ	D	-2.93%
PG	A	-2.83%
META	D	-2.76%
ABBV	D	-2.6%
MRK	F	-2.25%
IBM	C	-1.7%
PM	B	-1.65%
GOOGL	C	-1.36%
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%
T	A	-0.77%
DUK	C	-0.77%
ITW	B	-0.74%
MSI	B	-0.74%
JPM	A	-0.73%
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%
BWXT	B	-0.64%
UMBF	B	-0.61%
CSCO	B	-0.61%
FIS	C	-0.6%
EA	A	-0.6%
AFL	B	-0.6%
CFR	B	-0.6%
AIZ	A	-0.58%
WTW	B	-0.58%
VIRT	B	-0.57%
CSWI	A	-0.57%
COR	B	-0.57%
LDOS	C	-0.57%
D	C	-0.56%
WDFC	B	-0.55%
PPL	B	-0.55%
ORI	A	-0.54%
K	A	-0.53%
OHI	C	-0.53%
MET	A	-0.53%
PNW	B	-0.52%
IRDM	D	-0.52%
OTIS	C	-0.51%
KMB	D	-0.51%
XOM	B	-0.5%
OMF	A	-0.5%
LSTR	D	-0.49%
ED	D	-0.49%
AVY	D	-0.48%
BPOP	B	-0.48%
RDN	C	-0.48%
LOW	D	-0.47%
NSA	D	-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%
SAIC	F	-0.41%
WSM	B	-0.41%
DPZ	C	-0.41%
CUBE	D	-0.4%
EBAY	D	-0.4%
EXC	C	-0.39%
CHE	D	-0.39%
V	A	-0.38%
MSM	C	-0.37%
BSY	D	-0.37%
STNG	F	-0.36%
STWD	C	-0.32%
NEP	F	-0.32%
PEG	A	-0.26%
COST	B	-0.24%
MA	C	-0.23%
MAS	D	-0.23%
NNN	D	-0.21%
AVB	B	-0.18%
CAH	B	-0.17%
BAH	F	-0.12%
DDS	B	-0.12%
WMT	A	-0.12%
ZTS	D	-0.11%
BAC	A	-0.02%