CHGX vs. QDEF ETF Comparison

Comparison of Change Finance U.S. Large Cap Fossil Fuel Free ETF (CHGX) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

CHGX

Change Finance U.S. Large Cap Fossil Fuel Free ETF

CHGX Description

The investment seeks to track the performance, before fees and expenses, of the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index. Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the index. The index was developed by Change Finance, PBC, the fund's investment adviser and index provider, and uses an objective, rules-based methodology to measure the performance of an equal-weighted portfolio of approximately 100 large cap U.S.-listed companies that meet a diverse set of environmental, social, and governance (ESG) standards.

Grade (RS Rating)

Last Trade

$39.96

Average Daily Volume

6,526

Number of Holdings ^*

100

* 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	CHGX	QDEF
30 Days	3.66%	1.58%
60 Days	4.50%	2.63%
90 Days	6.28%	4.66%
12 Months	28.25%	30.49%

25 Overlapping Holdings

Symbol	Grade	Weight in CHGX	Weight in QDEF	Overlap
AAPL	C	0.95%	6.07%	0.95%
ABBV	D	0.83%	2.6%	0.83%
ADP	B	1.05%	1.13%	1.05%
AVGO	D	0.96%	0.88%	0.88%
BK	A	1.1%	0.67%	0.67%
CME	A	1.0%	0.71%	0.71%
COR	B	0.98%	0.57%	0.57%
CSCO	B	1.09%	0.61%	0.61%
EA	A	1.06%	0.6%	0.6%
FIS	C	0.99%	0.6%	0.6%
GIS	D	0.85%	0.45%	0.45%
GOOG	C	0.98%	1.1%	0.98%
GOOGL	C	0.98%	1.36%	0.98%
IBM	C	1.05%	1.7%	1.05%
INTU	C	1.03%	1.29%	1.03%
JNJ	D	0.89%	2.93%	0.89%
KLAC	D	0.74%	0.79%	0.74%
MA	C	1.02%	0.23%	0.23%
MCK	B	1.07%	0.71%	0.71%
MRK	F	0.8%	2.25%	0.8%
NVDA	C	1.17%	6.0%	1.17%
QCOM	F	0.85%	1.65%	0.85%
TJX	A	0.97%	0.99%	0.97%
V	A	1.07%	0.38%	0.38%
VRSK	A	1.01%	0.57%	0.57%

CHGX Overweight 75 Positions Relative to QDEF

Symbol	Grade	Weight
SQ	B	1.34%
ORCL	B	1.3%
FICO	B	1.29%
CRM	B	1.27%
CRWD	B	1.23%
NFLX	A	1.22%
AMP	A	1.21%
DIS	B	1.21%
SCHW	B	1.18%
NOW	A	1.17%
FTNT	C	1.17%
STLD	B	1.16%
GWW	B	1.16%
MRVL	B	1.16%
ADSK	A	1.16%
PYPL	B	1.12%
DECK	A	1.09%
CDNS	B	1.09%
ANET	C	1.09%
AXP	A	1.08%
DE	A	1.08%
NDAQ	A	1.07%
STT	A	1.06%
INTC	D	1.06%
AON	A	1.06%
PANW	C	1.05%
CMCSA	B	1.05%
CHD	B	1.05%
SPG	B	1.04%
CAT	B	1.04%
CPRT	A	1.03%
ORA	B	1.03%
SYK	C	1.03%
ORLY	B	1.02%
MU	D	1.02%
SNPS	B	1.02%
IT	C	1.01%
ACN	C	1.01%
CARR	D	1.0%
PGR	A	1.0%
HPQ	B	1.0%
ABT	B	0.99%
CTSH	B	0.97%
WDAY	B	0.97%
MSCI	C	0.96%
SPGI	C	0.95%
ROP	B	0.95%
ICE	C	0.94%
MMC	B	0.94%
AWK	D	0.93%
PHM	D	0.93%
MCO	B	0.93%
ECL	D	0.92%
SYY	B	0.92%
AZO	C	0.92%
ROST	C	0.91%
MDT	D	0.91%
LEN	D	0.88%
A	D	0.88%
TXN	C	0.88%
AMD	F	0.88%
ADI	D	0.87%
NKE	D	0.86%
PLD	D	0.85%
ADBE	C	0.84%
ON	D	0.84%
PFE	D	0.83%
AMGN	D	0.83%
TMO	F	0.8%
HCA	F	0.8%
EFX	F	0.79%
MCHP	D	0.77%
LLY	F	0.75%
IQV	D	0.75%
MPWR	F	0.58%

CHGX Underweight 98 Positions Relative to QDEF

Symbol	Grade	Weight
MSFT	F	-4.97%
HD	A	-3.07%
PG	A	-2.83%
META	D	-2.76%
PM	B	-1.65%
TMUS	B	-1.14%
LMT	D	-1.05%
GILD	C	-1.03%
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%
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%
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%
LDOS	C	-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%
XOM	B	-0.5%
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%
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%
COST	B	-0.24%
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%
WMT	A	-0.12%
ROL	B	-0.12%
ZTS	D	-0.11%
BAC	A	-0.02%