LGRO vs. QDEF ETF Comparison

Comparison of Level Four Large Cap Growth Active ETF (LGRO) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

LGRO

Level Four Large Cap Growth Active ETF

LGRO Description

The fund invests primarily in equity securities of carefully selected, high-quality U.S. companies. The fund invests primarily in the domestic equity securities of companies selected by Level Four Capital Management, LLC for their growth potential within various market sectors.

Grade (RS Rating)

Last Trade

$34.89

Average Daily Volume

1,987

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

$72.79

Average Daily Volume

6,852

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	LGRO	QDEF
30 Days	5.16%	1.58%
60 Days	7.17%	2.63%
90 Days	9.66%	4.66%
12 Months	34.40%	30.49%

12 Overlapping Holdings

Symbol	Grade	Weight in LGRO	Weight in QDEF	Overlap
AAPL	C	7.16%	6.07%	6.07%
ABBV	D	1.03%	2.6%	1.03%
AVGO	D	1.83%	0.88%	0.88%
FIS	C	1.05%	0.6%	0.6%
GOOGL	C	5.03%	1.36%	1.36%
HD	A	2.09%	3.07%	2.09%
LMT	D	1.07%	1.05%	1.05%
MA	C	1.94%	0.23%	0.23%
META	D	3.28%	2.76%	2.76%
MSFT	F	5.75%	4.97%	4.97%
NVDA	C	4.33%	6.0%	4.33%
V	A	0.98%	0.38%	0.38%

LGRO Overweight 35 Positions Relative to QDEF

Symbol	Grade	Weight
AMZN	C	5.56%
BKNG	A	3.65%
BLK	C	3.47%
PYPL	B	3.31%
TWLO	A	2.74%
LRCX	F	2.72%
SNOW	C	2.66%
UBER	D	2.59%
UNH	C	2.51%
MS	A	2.44%
NOW	A	2.43%
DOCU	A	2.41%
NFLX	A	2.34%
RH	B	2.23%
MSCI	C	2.16%
CRM	B	2.04%
Z	A	1.49%
MPWR	F	1.49%
MU	D	1.48%
AMAT	F	1.44%
PANW	C	1.14%
PSX	C	1.12%
URI	B	1.02%
PAYC	B	0.99%
CTSH	B	0.98%
PHM	D	0.97%
VRTX	F	0.96%
MCD	D	0.91%
DIS	B	0.87%
FTV	C	0.85%
TDG	D	0.85%
STZ	D	0.79%
ETSY	D	0.65%
BIIB	F	0.64%
EL	F	0.26%

LGRO Underweight 111 Positions Relative to QDEF

Symbol	Grade	Weight
JNJ	D	-2.93%
PG	A	-2.83%
MRK	F	-2.25%
IBM	C	-1.7%
QCOM	F	-1.65%
PM	B	-1.65%
INTU	C	-1.29%
TMUS	B	-1.14%
ADP	B	-1.13%
GOOG	C	-1.1%
GILD	C	-1.03%
TJX	A	-0.99%
SBUX	A	-0.98%
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%
UNM	A	-0.65%
KO	D	-0.65%
EME	C	-0.64%
BWXT	B	-0.64%
PAYX	C	-0.63%
UMBF	B	-0.61%
CSCO	B	-0.61%
EA	A	-0.6%
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%
COR	B	-0.57%
LDOS	C	-0.57%
VRSK	A	-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%
GIS	D	-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%