JPME vs. QDEF ETF Comparison

Comparison of JPMorgan Diversified Return U.S. Mid Cap Equity ETF (JPME) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

JPME

JPMorgan Diversified Return U.S. Mid Cap Equity ETF

JPME Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the Russell Midcap Diversified Factor Index. The fund will invest at least 80% of its net assets in securities included in the underlying index. It may invest up to 20% of its assets in exchange-traded futures to seek performance that corresponds to the underlying index. The underlying index is comprised of U.S. equity securities selected to represent a diversified set of factor characteristics, originally developed by the adviser.

Grade (RS Rating)

Last Trade

$109.93

Average Daily Volume

10,028

Number of Holdings ^*

338

* 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	JPME	QDEF
30 Days	5.14%	1.58%
60 Days	5.14%	2.63%
90 Days	7.46%	4.66%
12 Months	30.14%	30.49%

50 Overlapping Holdings

Symbol	Grade	Weight in JPME	Weight in QDEF	Overlap
AFL	B	0.38%	0.6%	0.38%
AVB	B	0.38%	0.18%	0.18%
AVY	D	0.3%	0.48%	0.3%
BAH	F	0.14%	0.12%	0.12%
BPOP	B	0.3%	0.48%	0.3%
CAH	B	0.4%	0.17%	0.17%
CHE	D	0.33%	0.39%	0.33%
COR	B	0.39%	0.57%	0.39%
CPT	B	0.2%	0.51%	0.2%
CSL	C	0.42%	0.53%	0.42%
CUBE	D	0.35%	0.4%	0.35%
DOX	D	0.3%	0.48%	0.3%
ED	D	0.35%	0.49%	0.35%
EME	C	0.38%	0.64%	0.38%
EQR	B	0.29%	0.53%	0.29%
ESS	B	0.31%	0.54%	0.31%
EVRG	A	0.4%	0.4%	0.4%
EXC	C	0.28%	0.39%	0.28%
EXPD	D	0.22%	0.42%	0.22%
FAST	B	0.41%	0.58%	0.41%
GEN	B	0.33%	0.59%	0.33%
GIS	D	0.32%	0.45%	0.32%
HRB	D	0.33%	0.45%	0.33%
IPG	D	0.03%	0.46%	0.03%
IRDM	D	0.24%	0.52%	0.24%
K	A	0.38%	0.53%	0.38%
LDOS	C	0.41%	0.57%	0.41%
LSTR	D	0.3%	0.49%	0.3%
MAA	B	0.25%	0.53%	0.25%
MAS	D	0.31%	0.23%	0.23%
MSM	C	0.33%	0.37%	0.33%
NNN	D	0.22%	0.21%	0.21%
NSA	D	0.09%	0.47%	0.09%
OGE	B	0.4%	0.47%	0.4%
OHI	C	0.38%	0.53%	0.38%
OMF	A	0.45%	0.5%	0.45%
ORI	A	0.4%	0.54%	0.4%
PAYX	C	0.27%	0.63%	0.27%
PEG	A	0.41%	0.26%	0.26%
PNW	B	0.39%	0.52%	0.39%
PPL	B	0.39%	0.55%	0.39%
RMD	C	0.36%	0.54%	0.36%
SAIC	F	0.28%	0.41%	0.28%
STWD	C	0.23%	0.32%	0.23%
SWKS	F	0.24%	0.39%	0.24%
UNM	A	0.5%	0.65%	0.5%
VIRT	B	0.04%	0.57%	0.04%
WEC	A	0.39%	0.28%	0.28%
WSM	B	0.31%	0.41%	0.31%
WU	D	0.04%	0.43%	0.04%

JPME Overweight 288 Positions Relative to QDEF

Symbol	Grade	Weight
APP	B	1.27%
VST	B	0.71%
CIEN	B	0.51%
ALSN	B	0.51%
SYF	B	0.51%
DTM	B	0.5%
TRGP	B	0.49%
JEF	A	0.49%
KMI	A	0.48%
AMP	A	0.48%
CMI	A	0.47%
WMB	A	0.47%
PWR	A	0.46%
OKE	A	0.45%
NRG	B	0.45%
IP	B	0.45%
ETR	B	0.45%
CBRE	B	0.44%
LNG	B	0.44%
TPL	A	0.44%
SNA	A	0.44%
GRMN	B	0.44%
TPR	B	0.43%
FCNCA	A	0.43%
TXRH	C	0.43%
GWW	B	0.43%
EXEL	B	0.43%
HUBB	B	0.43%
USFD	A	0.43%
INGR	B	0.42%
EHC	B	0.42%
ATO	A	0.42%
TOL	B	0.42%
STLD	B	0.42%
PPC	C	0.42%
UTHR	C	0.42%
KR	B	0.42%
TAP	C	0.42%
CF	B	0.41%
RGA	A	0.41%
MRO	B	0.41%
CLH	B	0.41%
RPM	A	0.41%
HBAN	A	0.41%
CASY	A	0.41%
NI	A	0.41%
SPG	B	0.41%
OC	A	0.41%
XEL	A	0.41%
PKG	A	0.41%
CACI	D	0.4%
BRX	A	0.4%
AM	A	0.4%
THC	D	0.4%
LITE	B	0.4%
PR	B	0.4%
PFGC	B	0.4%
PCG	A	0.39%
DGX	A	0.39%
AME	A	0.39%
TYL	B	0.39%
IRM	D	0.39%
EMN	D	0.39%
LAMR	D	0.39%
ESI	A	0.39%
CHTR	C	0.39%
JNPR	F	0.38%
VTRS	A	0.38%
IT	C	0.38%
DECK	A	0.38%
DVA	B	0.38%
LNT	A	0.38%
FANG	D	0.38%
JLL	D	0.38%
HIG	B	0.38%
UGI	A	0.37%
DTE	C	0.37%
REG	B	0.37%
NVR	D	0.37%
SPB	C	0.37%
FYBR	D	0.37%
MTG	C	0.37%
ROKU	D	0.37%
AJG	B	0.37%
CMS	C	0.37%
MANH	D	0.37%
RS	B	0.37%
PHM	D	0.37%
VVV	F	0.36%
GLPI	C	0.36%
LEN	D	0.36%
NXST	C	0.36%
EIX	B	0.36%
DKS	C	0.36%
NFG	A	0.36%
TSN	B	0.36%
BRBR	A	0.36%
KIM	A	0.36%
TKR	D	0.35%
CLX	B	0.35%
PAG	B	0.35%
FE	C	0.35%
CNM	D	0.35%
GGG	B	0.35%
POST	C	0.35%
DINO	D	0.35%
SSNC	B	0.35%
CBOE	B	0.35%
TSCO	D	0.34%
ANSS	B	0.34%
COKE	C	0.34%
BLDR	D	0.34%
NTAP	C	0.34%
HPE	B	0.34%
KVUE	A	0.33%
CTRA	B	0.33%
EPR	D	0.33%
DHI	D	0.33%
UHS	D	0.33%
X	C	0.33%
VICI	C	0.33%
PK	B	0.33%
CHD	B	0.33%
BG	F	0.33%
STE	F	0.32%
LH	C	0.32%
AN	C	0.32%
CPB	D	0.32%
JBL	B	0.32%
HST	C	0.32%
HOLX	D	0.32%
FBIN	D	0.32%
ROST	C	0.31%
WY	D	0.31%
EG	C	0.31%
RBC	A	0.31%
MTB	A	0.31%
WLK	D	0.31%
NUE	C	0.31%
CAG	D	0.31%
LYB	F	0.31%
HIW	D	0.3%
LECO	B	0.3%
GNTX	C	0.3%
ACI	C	0.3%
AR	B	0.3%
HPQ	B	0.3%
CTVA	C	0.3%
NEU	C	0.3%
A	D	0.29%
IFF	D	0.29%
RGLD	C	0.29%
KRC	C	0.29%
MOS	F	0.29%
SJM	D	0.29%
MOH	F	0.29%
RRC	B	0.29%
HSIC	B	0.29%
BBY	D	0.29%
ADM	D	0.29%
SAM	C	0.28%
VEEV	C	0.28%
SNX	C	0.28%
MEDP	D	0.28%
IQV	D	0.28%
MKC	D	0.28%
CLF	F	0.28%
OMC	C	0.28%
OLN	D	0.28%
WST	C	0.28%
AOS	F	0.28%
STAG	F	0.28%
DVN	F	0.27%
OVV	B	0.27%
BYD	C	0.27%
MPWR	F	0.27%
INCY	C	0.27%
CRUS	D	0.27%
R	B	0.27%
FRPT	B	0.27%
SYY	B	0.27%
LPX	B	0.27%
TER	D	0.27%
ASH	D	0.26%
HRL	D	0.26%
DRI	B	0.26%
FLO	D	0.26%
CDW	F	0.26%
AMH	D	0.26%
JAZZ	B	0.26%
CNC	D	0.25%
SMG	D	0.25%
NBIX	C	0.25%
UI	A	0.25%
QGEN	D	0.25%
RVTY	F	0.25%
L	A	0.25%
HAL	C	0.25%
CWEN	C	0.24%
AGO	B	0.24%
ON	D	0.24%
IDA	A	0.24%
MGM	D	0.23%
EGP	F	0.23%
FR	C	0.23%
DLB	B	0.22%
CROX	D	0.22%
WPC	D	0.22%
PRI	A	0.22%
HUN	F	0.22%
EXP	A	0.21%
MCHP	D	0.21%
HSY	F	0.21%
RPRX	D	0.21%
FMC	D	0.21%
BRKR	D	0.2%
AFG	A	0.19%
FITB	A	0.19%
CE	F	0.19%
FNF	B	0.18%
GLW	B	0.18%
REYN	D	0.18%
REXR	F	0.18%
NVT	B	0.18%
FRT	B	0.18%
BKR	B	0.18%
RF	A	0.17%
KEYS	A	0.17%
ITT	A	0.17%
BRO	B	0.17%
ACHC	F	0.17%
SLM	A	0.17%
ELAN	D	0.16%
SCI	B	0.15%
CUZ	B	0.15%
AXS	A	0.15%
APA	D	0.14%
AVT	C	0.14%
SON	D	0.14%
PINC	B	0.14%
DFS	B	0.14%
M	D	0.14%
RYN	D	0.14%
POOL	C	0.13%
WEN	D	0.13%
TXT	D	0.13%
WTM	A	0.13%
BWA	D	0.13%
THO	B	0.13%
AKAM	D	0.12%
QRVO	F	0.12%
CFG	B	0.11%
ALLY	C	0.11%
KEY	B	0.1%
SLGN	A	0.1%
CXT	B	0.1%
ACGL	D	0.1%
XRAY	F	0.09%
LBRDK	C	0.09%
AYI	B	0.09%
ZION	B	0.09%
TFX	F	0.08%
PB	A	0.07%
GEHC	F	0.07%
TNL	A	0.07%
RHI	B	0.07%
FNB	A	0.07%
CMA	A	0.07%
TECH	D	0.06%
CNXC	F	0.06%
NDSN	B	0.06%
GO	C	0.06%
IEX	B	0.05%
NVST	B	0.05%
PFG	D	0.05%
HXL	D	0.05%
CR	A	0.05%
CRI	D	0.04%
BIIB	F	0.04%
ADTN	A	0.03%
FTRE	D	0.03%
PAYC	B	0.03%
HOG	D	0.02%
AEE	A	0.02%
KSS	F	0.01%
ATR	B	0.01%
CC	C	0.0%
CNA	B	0.0%

JPME Underweight 73 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%
QCOM	F	-1.65%
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%
AVGO	D	-0.88%
MO	A	-0.86%
CI	F	-0.83%
AMT	D	-0.82%
KLAC	D	-0.79%
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%
KO	D	-0.65%
BWXT	B	-0.64%
UMBF	B	-0.61%
CSCO	B	-0.61%
FIS	C	-0.6%
EA	A	-0.6%
CFR	B	-0.6%
PSA	D	-0.59%
AIZ	A	-0.58%
WTW	B	-0.58%
CSWI	A	-0.57%
VRSK	A	-0.57%
D	C	-0.56%
WDFC	B	-0.55%
MET	A	-0.53%
OTIS	C	-0.51%
KMB	D	-0.51%
XOM	B	-0.5%
RDN	C	-0.48%
LOW	D	-0.47%
DELL	C	-0.46%
BMY	B	-0.45%
VRT	B	-0.45%
DPZ	C	-0.41%
EBAY	D	-0.4%
V	A	-0.38%
BSY	D	-0.37%
STNG	F	-0.36%
NEP	F	-0.32%
COST	B	-0.24%
MA	C	-0.23%
SCCO	F	-0.16%
DDS	B	-0.12%
WMT	A	-0.12%
ROL	B	-0.12%
ZTS	D	-0.11%
BAC	A	-0.02%