IWP vs. QDF ETF Comparison

Comparison of iShares Russell Midcap Growth ETF (IWP) to FlexShares Quality Dividend Index Fund (QDF)

IWP

iShares Russell Midcap Growth ETF

IWP Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. 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 Russell Midcap Growth Index (the "underlying index"), which measures the performance of the mid-capitalization growth sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$134.36

Average Daily Volume

1,023,862

Number of Holdings ^*

286

* may have additional holdings in another (foreign) market

QDF

FlexShares Quality Dividend Index Fund

QDF 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 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 similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$72.76

Average Daily Volume

26,182

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

Performance

Period	IWP	QDF
30 Days	12.16%	1.66%
60 Days	14.69%	2.62%
90 Days	17.57%	4.00%
12 Months	40.60%	26.92%

21 Overlapping Holdings

Symbol	Grade	Weight in IWP	Weight in QDF	Overlap
ALLY	C	0.04%	0.37%	0.04%
BPOP	B	0.02%	0.48%	0.02%
BR	A	0.8%	0.3%	0.3%
BSY	D	0.21%	0.13%	0.13%
COR	B	1.3%	0.14%	0.14%
DPZ	C	0.17%	0.17%	0.17%
EXP	A	0.25%	0.08%	0.08%
FAST	B	1.29%	0.68%	0.68%
HRB	D	0.05%	0.17%	0.05%
IRDM	D	0.01%	0.31%	0.01%
NTAP	C	0.35%	0.22%	0.22%
PAYC	B	0.23%	0.16%	0.16%
PAYX	C	0.54%	0.63%	0.54%
POOL	C	0.44%	0.44%	0.44%
RMD	C	0.3%	0.17%	0.17%
VRT	B	1.41%	0.83%	0.83%
WFRD	D	0.19%	0.07%	0.07%
WING	D	0.3%	0.2%	0.2%
WMS	D	0.11%	0.36%	0.11%
WSM	B	0.32%	0.43%	0.32%
WU	D	0.01%	0.45%	0.01%

IWP Overweight 265 Positions Relative to QDF

Symbol	Grade	Weight
PLTR	B	4.32%
APP	B	2.49%
TTD	B	1.7%
AMP	A	1.68%
COIN	C	1.65%
VST	B	1.6%
FICO	B	1.48%
GWW	B	1.45%
AXON	A	1.41%
TRGP	B	1.4%
ODFL	B	1.38%
VRSK	A	1.3%
IT	C	1.29%
DDOG	A	1.23%
IDXX	F	1.13%
HUBS	A	1.08%
VEEV	C	1.03%
HLT	A	1.02%
ARES	A	1.0%
DXCM	D	0.99%
TSCO	D	0.97%
CPNG	D	0.93%
MPWR	F	0.88%
NET	B	0.88%
DECK	A	0.87%
HES	B	0.86%
ALNY	D	0.86%
MSCI	C	0.86%
RBLX	C	0.85%
GDDY	A	0.84%
TPL	A	0.83%
CPAY	A	0.81%
LNG	B	0.81%
SYY	B	0.76%
LPLA	A	0.76%
EXPE	B	0.75%
TYL	B	0.7%
CLX	B	0.68%
LYV	A	0.67%
LII	A	0.64%
SQ	B	0.64%
MDB	C	0.64%
RCL	A	0.62%
IRM	D	0.62%
BAH	F	0.62%
ZS	C	0.6%
TOST	B	0.59%
DKNG	B	0.59%
PODD	C	0.59%
BURL	A	0.56%
CAH	B	0.56%
XPO	B	0.55%
LVS	C	0.55%
HEI	B	0.55%
PINS	D	0.55%
NTRA	B	0.54%
MANH	D	0.54%
DOCU	A	0.52%
FIX	A	0.51%
DT	C	0.5%
SPG	B	0.49%
ULTA	F	0.49%
TER	D	0.48%
ENTG	D	0.48%
PWR	A	0.47%
YUM	B	0.47%
PTC	A	0.45%
WST	C	0.45%
ROL	B	0.45%
URI	B	0.44%
TXRH	C	0.43%
WAT	B	0.42%
PSTG	D	0.42%
EQH	B	0.41%
HEI	B	0.39%
CDW	F	0.39%
BRO	B	0.38%
NBIX	C	0.38%
DUOL	A	0.37%
NCLH	B	0.37%
OWL	A	0.37%
VLTO	D	0.37%
CAVA	B	0.35%
ROST	C	0.35%
MOH	F	0.35%
DRI	B	0.34%
KNSL	B	0.33%
CHDN	B	0.32%
MUSA	A	0.32%
ALGN	D	0.32%
SRPT	D	0.31%
VMC	B	0.31%
TPX	B	0.3%
CVNA	B	0.3%
AAON	B	0.3%
EME	C	0.3%
SMCI	F	0.3%
PEN	B	0.29%
MORN	B	0.29%
ITCI	C	0.28%
PCTY	B	0.28%
HPQ	B	0.28%
EXEL	B	0.27%
LNW	D	0.27%
NRG	B	0.26%
ENPH	F	0.26%
MEDP	D	0.26%
SAIA	B	0.26%
ALL	A	0.26%
DVA	B	0.26%
HAS	D	0.25%
RYAN	B	0.24%
PCOR	B	0.24%
TREX	C	0.24%
SMAR	A	0.24%
ESTC	C	0.23%
GTLB	B	0.23%
GWRE	A	0.23%
CFLT	B	0.22%
GLOB	B	0.21%
ELF	C	0.21%
FDS	B	0.21%
AVY	D	0.2%
FWONK	B	0.2%
EFX	F	0.2%
LSCC	D	0.19%
TW	A	0.19%
FOUR	B	0.19%
VVV	F	0.18%
MTN	C	0.18%
LAZ	B	0.18%
INSP	D	0.17%
MKL	A	0.17%
VKTX	F	0.17%
APPF	B	0.17%
OKTA	C	0.17%
GNRC	B	0.17%
CNM	D	0.17%
NTNX	A	0.16%
IONS	F	0.16%
LPX	B	0.16%
PLNT	A	0.15%
LYFT	C	0.15%
CELH	F	0.15%
AZEK	A	0.15%
PATH	C	0.15%
ZBRA	B	0.14%
AJG	B	0.14%
JLL	D	0.13%
OLED	D	0.13%
PEGA	A	0.13%
RPM	A	0.13%
IQV	D	0.13%
FND	C	0.13%
RARE	D	0.13%
BRKR	D	0.12%
EXAS	D	0.12%
MASI	A	0.12%
JEF	A	0.12%
HCP	B	0.12%
FIVE	F	0.12%
ETSY	D	0.12%
TWLO	A	0.11%
MSTR	C	0.11%
HSY	F	0.11%
CHH	A	0.11%
GEHC	F	0.11%
LW	C	0.11%
RNG	B	0.1%
ROK	B	0.1%
LECO	B	0.1%
EG	C	0.09%
UHAL	D	0.09%
FERG	B	0.09%
APLS	D	0.09%
CSL	C	0.09%
HWM	A	0.09%
LAMR	D	0.09%
EXPD	D	0.09%
FIVN	C	0.09%
TDC	D	0.09%
U	C	0.08%
SITE	D	0.08%
BWXT	B	0.08%
TTEK	F	0.08%
LBRDK	C	0.08%
CASY	A	0.08%
ONTO	D	0.07%
MLM	B	0.07%
BROS	B	0.07%
NCNO	B	0.07%
CE	F	0.07%
PR	B	0.07%
BILL	A	0.07%
CACC	D	0.07%
FRPT	B	0.07%
AWI	A	0.07%
SOFI	A	0.07%
CLF	F	0.06%
PFGC	B	0.06%
WSC	D	0.06%
BLDR	D	0.06%
AM	A	0.06%
DBX	B	0.06%
NXST	C	0.06%
CIVI	D	0.05%
VNOM	A	0.05%
LOPE	B	0.05%
WEN	D	0.05%
DV	C	0.05%
EQT	B	0.05%
S	B	0.04%
JBL	B	0.04%
DAY	B	0.04%
TKO	B	0.04%
ROKU	D	0.04%
SN	D	0.04%
TPG	A	0.04%
LOAR	A	0.03%
EPAM	C	0.03%
CHE	D	0.03%
KMX	B	0.03%
HLI	B	0.03%
BLD	D	0.03%
BFAM	D	0.03%
RH	B	0.03%
TXG	F	0.03%
H	B	0.03%
YETI	C	0.03%
VRSN	F	0.03%
RGEN	D	0.03%
DKS	C	0.03%
DJT	C	0.03%
CROX	D	0.03%
TRU	D	0.03%
SPR	D	0.02%
MTDR	B	0.02%
SAM	C	0.02%
UI	A	0.02%
FWONA	B	0.02%
WH	B	0.02%
CAR	C	0.02%
KBR	F	0.02%
AAL	B	0.02%
WYNN	D	0.02%
SKX	D	0.02%
WEX	D	0.02%
INCY	C	0.02%
SSD	D	0.02%
FTRE	D	0.01%
PPC	C	0.01%
CC	C	0.01%
UHAL	D	0.01%
SEE	C	0.01%
NFE	D	0.01%
MSGS	A	0.01%
LBRDA	C	0.01%
CGNX	C	0.01%
UWMC	D	0.01%
MKSI	C	0.01%
RLI	B	0.01%
DOCS	C	0.01%
ALAB	B	0.0%
TRIP	F	0.0%
PYCR	C	0.0%

IWP Underweight 106 Positions Relative to QDF

Symbol	Grade	Weight
AAPL	C	-8.54%
NVDA	C	-5.81%
MSFT	F	-4.91%
META	D	-3.1%
PG	A	-3.03%
JNJ	D	-3.01%
ABBV	D	-2.58%
KO	D	-2.16%
ACN	C	-1.93%
GOOGL	C	-1.84%
HD	A	-1.77%
INTU	C	-1.74%
QCOM	F	-1.68%
GOOG	C	-1.63%
PM	B	-1.41%
LOW	D	-1.27%
UNP	C	-1.24%
ADP	B	-1.11%
GILD	C	-1.0%
MS	A	-0.98%
MO	A	-0.89%
AVGO	D	-0.88%
LRCX	F	-0.87%
NKE	D	-0.83%
SBUX	A	-0.76%
KLAC	D	-0.76%
CAT	B	-0.75%
JPM	A	-0.75%
ZTS	D	-0.74%
ITW	B	-0.74%
BK	A	-0.68%
MMM	D	-0.65%
LMT	D	-0.62%
FIS	C	-0.62%
AFL	B	-0.62%
PEG	A	-0.61%
PRU	A	-0.61%
VIRT	B	-0.6%
KTB	B	-0.6%
JHG	A	-0.6%
PSA	D	-0.6%
D	C	-0.59%
AVB	B	-0.58%
EBAY	D	-0.58%
EA	A	-0.58%
CMA	A	-0.58%
GEN	B	-0.58%
TPR	B	-0.57%
MET	A	-0.56%
SNA	A	-0.56%
WTW	B	-0.56%
ORI	A	-0.55%
CHRW	C	-0.55%
EQR	B	-0.55%
MAA	B	-0.55%
VLO	C	-0.55%
MPC	D	-0.54%
NXPI	D	-0.52%
OMF	A	-0.52%
OHI	C	-0.52%
CPT	B	-0.51%
IVZ	B	-0.51%
OGE	B	-0.51%
XOM	B	-0.5%
SMG	D	-0.5%
RDN	C	-0.49%
STWD	C	-0.49%
UGI	A	-0.49%
NSA	D	-0.49%
WDFC	B	-0.47%
FAF	A	-0.47%
DVN	F	-0.46%
MRK	F	-0.45%
IPG	D	-0.45%
MCHP	D	-0.45%
TT	A	-0.43%
CFR	B	-0.42%
NUE	C	-0.42%
EVRG	A	-0.42%
WY	D	-0.42%
HST	C	-0.41%
SWKS	F	-0.4%
V	A	-0.4%
CTAS	B	-0.39%
LNC	B	-0.39%
PFG	D	-0.39%
RHI	B	-0.38%
CUBE	D	-0.37%
SCCO	F	-0.36%
APLE	B	-0.35%
EIX	B	-0.34%
NEP	F	-0.3%
MA	C	-0.26%
OLN	D	-0.25%
COST	B	-0.24%
NNN	D	-0.23%
PNW	B	-0.16%
CL	D	-0.15%
WMT	A	-0.13%
CSWI	A	-0.07%
BKNG	A	-0.07%
MAR	B	-0.05%
COP	C	-0.04%
STNG	F	-0.02%
BAC	A	-0.02%
BBWI	D	-0.01%