FTEC vs. QDEF ETF Comparison

Comparison of Fidelity MSCI Information Technology Index ETF (FTEC) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

FTEC

Fidelity MSCI Information Technology Index ETF

FTEC Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Information Technology Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Information Technology Index, which represents the performance of the information technology sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Information Technology Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$173.97

Average Daily Volume

238,735

Number of Holdings ^*

281

* 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

$71.13

Average Daily Volume

6,642

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	FTEC	QDEF
30 Days	7.14%	3.01%
60 Days	13.61%	9.72%
90 Days	-1.66%	8.06%
12 Months	42.10%	35.58%

14 Overlapping Holdings

Symbol	Grade	Weight in FTEC	Weight in QDEF	Overlap
AAPL	C	15.85%	6.09%	6.09%
AVGO	B	4.62%	0.88%	0.88%
BSY	D	0.11%	0.39%	0.11%
CSCO	A	1.42%	0.56%	0.56%
DELL	C	0.28%	0.4%	0.28%
GEN	A	0.16%	0.54%	0.16%
IBM	A	1.32%	1.8%	1.32%
INTU	F	1.15%	1.13%	1.13%
KLAC	B	0.73%	0.93%	0.73%
MSFT	D	14.02%	4.96%	4.96%
MSI	A	0.52%	0.68%	0.52%
NVDA	B	14.04%	4.84%	4.84%
QCOM	D	1.25%	1.69%	1.25%
SWKS	F	0.16%	0.45%	0.16%

FTEC Overweight 267 Positions Relative to QDEF

Symbol	Grade	Weight
ORCL	A	1.81%
CRM	B	1.79%
AMD	C	1.74%
ADBE	F	1.55%
ACN	B	1.45%
TXN	C	1.25%
NOW	B	1.19%
AMAT	C	1.15%
MU	D	0.8%
ADI	B	0.78%
LRCX	D	0.74%
PANW	B	0.73%
INTC	D	0.7%
ANET	A	0.69%
APH	D	0.54%
SNPS	F	0.54%
PLTR	A	0.53%
CDNS	D	0.52%
CRWD	D	0.47%
NXPI	F	0.45%
MRVL	C	0.44%
ROP	D	0.43%
ADSK	B	0.43%
WDAY	D	0.38%
FTNT	A	0.37%
FICO	C	0.36%
TEL	D	0.35%
MPWR	B	0.34%
MCHP	F	0.33%
IT	A	0.31%
CTSH	B	0.3%
GLW	C	0.29%
HPQ	B	0.28%
SNOW	F	0.27%
DDOG	B	0.26%
ON	F	0.26%
APP	A	0.26%
CDW	D	0.25%
MSTR	B	0.25%
ANSS	D	0.24%
KEYS	B	0.24%
HPE	B	0.23%
HUBS	D	0.23%
FSLR	C	0.23%
TEAM	D	0.22%
WDC	C	0.21%
NTAP	D	0.21%
NET	D	0.21%
TYL	D	0.21%
GDDY	B	0.2%
PTC	B	0.2%
STX	C	0.2%
MDB	D	0.19%
TDY	A	0.19%
TER	C	0.19%
SMCI	F	0.18%
ZM	B	0.18%
ZBRA	B	0.18%
ENTG	D	0.17%
VRSN	C	0.17%
MANH	A	0.17%
COHR	B	0.16%
JBL	C	0.16%
AKAM	D	0.16%
ENPH	F	0.16%
DT	B	0.16%
NTNX	C	0.16%
TRMB	B	0.16%
GWRE	A	0.16%
DOCU	A	0.15%
FFIV	B	0.15%
FLEX	B	0.15%
ZS	F	0.15%
JNPR	C	0.14%
PSTG	F	0.14%
OLED	B	0.13%
CIEN	A	0.13%
ONTO	B	0.13%
TWLO	B	0.13%
EPAM	F	0.13%
IOT	C	0.13%
SMAR	A	0.12%
LSCC	D	0.12%
PI	A	0.12%
ZETA	B	0.12%
QRVO	F	0.12%
SNX	C	0.12%
OKTA	F	0.12%
U	D	0.12%
MKSI	F	0.11%
PCOR	D	0.11%
MTSI	B	0.11%
SPSC	D	0.11%
BMI	A	0.11%
CGNX	F	0.11%
ARW	C	0.11%
FN	B	0.11%
AUR	C	0.11%
KD	D	0.1%
MARA	F	0.1%
QLYS	F	0.1%
APPF	C	0.1%
QTWO	B	0.1%
ACIW	A	0.1%
BILL	D	0.1%
LITE	A	0.1%
BDC	A	0.1%
ITRI	C	0.1%
VRNS	B	0.1%
PATH	D	0.1%
NOVT	C	0.1%
NSIT	B	0.1%
BOX	C	0.1%
ALTR	B	0.1%
LFUS	C	0.1%
S	C	0.1%
GTLB	D	0.1%
CVLT	B	0.1%
DBX	C	0.1%
RMBS	F	0.09%
ESTC	F	0.09%
BLKB	C	0.09%
CFLT	F	0.09%
AEIS	B	0.09%
SANM	D	0.09%
IDCC	A	0.09%
WK	D	0.09%
TENB	D	0.09%
CRDO	B	0.09%
DXC	C	0.09%
CWAN	B	0.09%
SLAB	D	0.09%
ASGN	D	0.09%
PLXS	A	0.09%
AVT	B	0.09%
HCP	A	0.09%
DLB	D	0.09%
VNT	F	0.09%
CRUS	D	0.09%
PEGA	B	0.08%
SYNA	F	0.08%
SITM	A	0.08%
AMKR	F	0.08%
FORM	D	0.08%
ACLS	F	0.08%
POWI	F	0.08%
ALRM	F	0.07%
AI	D	0.07%
PLUS	B	0.07%
AGYS	D	0.07%
PRFT	A	0.07%
FROG	F	0.07%
NCNO	F	0.07%
CXT	F	0.07%
YOU	C	0.07%
BL	D	0.07%
PRGS	A	0.07%
SQSP	A	0.07%
ALGM	F	0.07%
DIOD	F	0.07%
TDC	D	0.07%
SMTC	C	0.07%
RIOT	F	0.06%
CALX	C	0.06%
RPD	D	0.06%
RNG	F	0.06%
OSIS	C	0.06%
CLSK	F	0.06%
DOCN	B	0.06%
INTA	C	0.06%
KLIC	D	0.06%
DV	F	0.06%
ROG	D	0.05%
TTMI	D	0.05%
VECO	F	0.05%
VYX	C	0.05%
BRZE	F	0.05%
EXTR	D	0.05%
FRSH	F	0.05%
VERX	B	0.05%
VIAV	C	0.05%
MIR	B	0.05%
FIVN	F	0.05%
VSH	F	0.05%
AMBA	C	0.05%
IPGP	D	0.05%
CTS	B	0.04%
INFN	C	0.04%
SPT	F	0.04%
NSSC	F	0.04%
NTCT	C	0.04%
VRNT	F	0.04%
PLAB	D	0.04%
KN	B	0.04%
HLIT	D	0.04%
INFA	D	0.04%
BHE	C	0.04%
RAMP	F	0.04%
RBRK	D	0.04%
PD	F	0.04%
UCTT	D	0.04%
PAR	D	0.04%
ALKT	D	0.04%
DGII	B	0.03%
ASAN	F	0.03%
FSLY	D	0.03%
ATEN	B	0.03%
ICHR	D	0.03%
APLD	C	0.03%
SCSC	D	0.03%
JAMF	F	0.03%
SGH	D	0.03%
APPN	C	0.03%
ARLO	F	0.03%
ENV	C	0.03%
ZUO	F	0.03%
MXL	D	0.03%
WULF	C	0.03%
COHU	F	0.03%
XRX	D	0.03%
WOLF	F	0.03%
SEDG	F	0.03%
SOUN	F	0.03%
PWSC	C	0.03%
BASE	F	0.02%
DJCO	C	0.02%
ETWO	F	0.02%
SWI	B	0.02%
HCKT	D	0.02%
IBUY	A	0.02%
INDI	F	0.02%
YEXT	B	0.02%
BLND	C	0.02%
PRO	F	0.02%
CIFR	C	0.02%
BELFB	A	0.02%
GDYN	B	0.02%
AOSL	D	0.02%
CXM	F	0.02%
ACMR	D	0.02%
NABL	F	0.02%
CNXN	C	0.02%
VSAT	F	0.02%
PDFS	F	0.02%
NNBR	C	0.01%
RBBN	C	0.01%
VPG	F	0.01%
CRSR	D	0.01%
LWLG	F	0.01%
ENFN	C	0.01%
MITK	F	0.01%
BIGC	F	0.01%
MEI	D	0.01%
DMRC	D	0.01%
WEAV	B	0.01%
CLFD	D	0.01%
SEMR	C	0.01%
KE	F	0.01%
MLNK	F	0.01%
OLO	F	0.01%
LASR	F	0.01%
AAOI	C	0.01%
TWKS	C	0.01%
DAKT	D	0.01%
OSPN	D	0.01%
NTGR	C	0.01%
CEVA	B	0.01%

FTEC Underweight 109 Positions Relative to QDEF

Symbol	Grade	Weight
JNJ	D	-3.17%
HD	A	-3.13%
ABBV	C	-3.06%
PG	D	-2.97%
META	A	-2.79%
MRK	F	-2.66%
PM	D	-1.58%
GOOGL	B	-1.31%
LMT	A	-1.19%
ADP	A	-1.06%
GOOG	B	-1.06%
TMUS	A	-1.0%
AMT	D	-0.99%
SBUX	B	-0.97%
TJX	D	-0.97%
GILD	A	-0.95%
CI	D	-0.9%
DUK	C	-0.82%
MO	D	-0.8%
T	B	-0.77%
KO	C	-0.76%
ITW	C	-0.72%
VZ	C	-0.72%
CME	A	-0.72%
MMM	C	-0.69%
PSA	C	-0.65%
AFL	A	-0.63%
JPM	C	-0.63%
PAYX	B	-0.62%
BK	A	-0.62%
MCK	F	-0.59%
D	A	-0.58%
BWXT	A	-0.57%
LDOS	A	-0.57%
FIS	A	-0.57%
IRDM	C	-0.56%
WTW	C	-0.56%
KMB	D	-0.56%
RMD	C	-0.56%
ED	C	-0.55%
PPL	C	-0.55%
EME	B	-0.55%
UNM	A	-0.54%
OTIS	A	-0.54%
AIZ	B	-0.54%
EQR	C	-0.54%
MAA	D	-0.54%
OHI	C	-0.54%
VRSK	D	-0.54%
PNW	C	-0.53%
GIS	C	-0.53%
ESS	D	-0.53%
EA	D	-0.53%
MET	A	-0.53%
CSL	A	-0.53%
COR	F	-0.53%
K	B	-0.53%
NSA	D	-0.53%
AVY	D	-0.53%
ORI	A	-0.52%
CPT	C	-0.52%
WDFC	B	-0.51%
UMBF	C	-0.51%
FAST	C	-0.51%
CSWI	A	-0.51%
NEP	D	-0.51%
DOX	B	-0.5%
IPG	D	-0.5%
VIRT	B	-0.5%
XOM	A	-0.5%
WU	D	-0.49%
RDN	D	-0.49%
HRB	C	-0.49%
LSTR	F	-0.49%
LOW	C	-0.48%
WSM	C	-0.48%
BPOP	D	-0.48%
OGE	C	-0.47%
STNG	B	-0.47%
CFR	B	-0.47%
EXPD	D	-0.46%
SAIC	A	-0.46%
CUBE	C	-0.45%
EBAY	A	-0.43%
CHE	D	-0.42%
OMF	D	-0.42%
EXC	C	-0.42%
BMY	A	-0.41%
DPZ	D	-0.41%
EVRG	C	-0.4%
VRT	B	-0.37%
MSM	D	-0.37%
V	B	-0.34%
STWD	C	-0.33%
WEC	B	-0.29%
PEG	A	-0.27%
NNN	C	-0.25%
MAS	C	-0.25%
COST	C	-0.23%
MA	A	-0.22%
SCCO	B	-0.19%
AVB	C	-0.18%
CAH	B	-0.16%
ROL	C	-0.13%
BAH	C	-0.13%
WMT	A	-0.12%
ZTS	C	-0.12%
DDS	D	-0.11%
BAC	B	-0.02%

FTEC: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Information Technology Services Semiconductor Equipment & Materials Communication Equipment Electronic Components Scientific & Technical Instruments Contract Manufacturers Data Storage Capital Markets Computer Systems Telecom Services Business Services Semiconductor Memory Computer Distribution Computer Hardware Consumer Electronics Diversified Industrials Electronics Distribution