DVY vs. QDEF ETF Comparison

Comparison of iShares Select Dividend ETF (DVY) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

DVY

iShares Select Dividend ETF

DVY Description

The investment seeks to track the investment results of an index composed of relatively high dividend paying U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Dividend Index (the "underlying index"), which measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time.

Grade (RS Rating)

Last Trade

$140.80

Average Daily Volume

343,942

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

$72.55

Average Daily Volume

6,797

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	DVY	QDEF
30 Days	4.13%	0.50%
60 Days	5.30%	2.57%
90 Days	7.69%	4.32%
12 Months	32.52%	30.06%

27 Overlapping Holdings

Symbol	Grade	Weight in DVY	Weight in QDEF	Overlap
D	C	1.68%	0.56%	0.56%
EXC	C	1.09%	0.39%	0.39%
GILD	C	1.27%	1.03%	1.03%
GIS	D	0.88%	0.45%	0.45%
HRB	D	0.8%	0.45%	0.45%
IBM	C	0.95%	1.7%	0.95%
IPG	D	0.84%	0.46%	0.46%
KMB	C	1.11%	0.51%	0.51%
KO	D	0.81%	0.65%	0.65%
LMT	D	0.89%	1.05%	0.89%
MET	A	0.88%	0.53%	0.53%
MO	A	3.22%	0.86%	0.86%
MRK	D	0.44%	2.25%	0.44%
MSM	C	0.4%	0.37%	0.37%
OGE	A	0.89%	0.47%	0.47%
OMF	A	0.69%	0.5%	0.5%
ORI	A	1.0%	0.54%	0.54%
PEG	A	1.38%	0.26%	0.26%
PM	B	2.0%	1.65%	1.65%
PNW	A	1.1%	0.52%	0.52%
PPL	A	1.2%	0.55%	0.55%
T	A	2.12%	0.77%	0.77%
UNM	A	1.08%	0.65%	0.65%
VZ	C	1.65%	0.65%	0.65%
WEC	A	1.32%	0.28%	0.28%
WU	F	0.4%	0.43%	0.4%
XOM	B	1.01%	0.5%	0.5%

DVY Overweight 71 Positions Relative to QDEF

Symbol	Grade	Weight
IP	A	2.08%
OKE	A	1.97%
CFG	B	1.96%
KEY	B	1.89%
TFC	A	1.87%
RF	A	1.79%
ETR	B	1.62%
HBAN	A	1.6%
BBY	D	1.41%
EIX	B	1.41%
FITB	B	1.4%
NI	A	1.4%
PRU	A	1.39%
USB	A	1.39%
PFE	F	1.35%
NRG	B	1.28%
ES	C	1.24%
LNT	A	1.23%
AEP	C	1.21%
NEE	C	1.21%
FE	C	1.2%
HPQ	B	1.19%
CAG	F	1.18%
TROW	B	1.17%
FHN	A	1.17%
FNF	B	1.09%
CVX	A	1.08%
SRE	A	1.07%
F	C	1.06%
LYB	F	1.04%
CMS	C	1.04%
XEL	A	1.03%
DTE	C	1.02%
CMA	B	0.99%
NEM	D	0.99%
PKG	A	0.96%
CINF	A	0.94%
PFG	D	0.9%
GRMN	B	0.88%
OMC	C	0.85%
IVZ	B	0.83%
WSO	A	0.82%
STX	C	0.82%
CNP	A	0.78%
SW	A	0.77%
VLO	C	0.75%
FMC	D	0.72%
BEN	C	0.64%
WHR	B	0.64%
FNB	A	0.63%
LAZ	B	0.63%
UBSI	B	0.62%
IDA	A	0.62%
JHG	B	0.61%
GPC	D	0.55%
MCD	D	0.55%
UGI	C	0.52%
NJR	A	0.5%
SON	F	0.5%
VLY	B	0.48%
BKH	A	0.45%
WBA	F	0.44%
SWX	B	0.43%
NWL	C	0.37%
FHI	B	0.37%
NWE	B	0.36%
HUN	F	0.32%
WEN	D	0.31%
AVA	A	0.3%
CC	C	0.29%
KSS	F	0.2%

DVY Underweight 96 Positions Relative to QDEF

Symbol	Grade	Weight
AAPL	C	-6.07%
NVDA	B	-6.0%
MSFT	D	-4.97%
HD	B	-3.07%
JNJ	C	-2.93%
PG	C	-2.83%
META	D	-2.76%
ABBV	F	-2.6%
QCOM	F	-1.65%
GOOGL	C	-1.36%
INTU	B	-1.29%
TMUS	B	-1.14%
ADP	A	-1.13%
GOOG	C	-1.1%
TJX	A	-0.99%
SBUX	A	-0.98%
AVGO	D	-0.88%
CI	D	-0.83%
AMT	C	-0.82%
KLAC	F	-0.79%
DUK	C	-0.77%
ITW	B	-0.74%
MSI	B	-0.74%
JPM	A	-0.73%
CME	B	-0.71%
MCK	A	-0.71%
BK	A	-0.67%
MMM	D	-0.66%
EME	A	-0.64%
BWXT	B	-0.64%
PAYX	B	-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	C	-0.59%
AIZ	A	-0.58%
WTW	B	-0.58%
FAST	B	-0.58%
VIRT	A	-0.57%
CSWI	B	-0.57%
COR	B	-0.57%
LDOS	C	-0.57%
VRSK	A	-0.57%
WDFC	B	-0.55%
ESS	B	-0.54%
RMD	C	-0.54%
K	A	-0.53%
CSL	C	-0.53%
OHI	C	-0.53%
EQR	C	-0.53%
MAA	B	-0.53%
IRDM	D	-0.52%
CPT	B	-0.51%
OTIS	C	-0.51%
LSTR	D	-0.49%
ED	C	-0.49%
AVY	F	-0.48%
DOX	D	-0.48%
BPOP	C	-0.48%
RDN	D	-0.48%
LOW	C	-0.47%
NSA	C	-0.47%
DELL	B	-0.46%
BMY	B	-0.45%
VRT	B	-0.45%
EXPD	C	-0.42%
SAIC	F	-0.41%
WSM	C	-0.41%
DPZ	C	-0.41%
CUBE	C	-0.4%
EVRG	A	-0.4%
EBAY	D	-0.4%
CHE	D	-0.39%
SWKS	F	-0.39%
V	A	-0.38%
BSY	F	-0.37%
STNG	F	-0.36%
STWD	C	-0.32%
NEP	F	-0.32%
COST	A	-0.24%
MA	B	-0.23%
MAS	D	-0.23%
NNN	C	-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%