NUSI vs. QDEF ETF Comparison

Comparison of Nationwide Risk-Managed Income ETF (NUSI) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

NUSI

Nationwide Risk-Managed Income ETF

NUSI Description

The investment seeks current income with downside protection. The fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its investment objective principally by investing in a portfolio of the stocks included in the Nasdaq-100® Index and an options collar (i.e., a mix of written (sold) call options and long (bought) put options) on the Nasdaq-100. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.52

Average Daily Volume

61,835

Number of Holdings ^*

101

* 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	NUSI	QDEF
30 Days	3.53%	3.01%
60 Days	9.36%	9.72%
90 Days	0.07%	8.06%
12 Months	31.52%	35.58%

21 Overlapping Holdings

Symbol	Grade	Weight in NUSI	Weight in QDEF	Overlap
AAPL	C	8.68%	6.09%	6.09%
ADP	A	0.78%	1.06%	0.78%
AVGO	B	5.05%	0.88%	0.88%
COST	C	2.55%	0.23%	0.23%
CSCO	A	1.39%	0.56%	0.56%
EA	D	0.26%	0.53%	0.26%
EXC	C	0.27%	0.42%	0.27%
FAST	C	0.27%	0.51%	0.27%
GILD	A	0.7%	0.95%	0.7%
GOOG	B	2.42%	1.06%	1.06%
GOOGL	B	2.5%	1.31%	1.31%
INTU	F	1.12%	1.13%	1.12%
KLAC	B	0.7%	0.93%	0.7%
META	A	5.15%	2.79%	2.79%
MSFT	D	7.73%	4.96%	4.96%
NVDA	B	7.44%	4.84%	4.84%
PAYX	B	0.34%	0.62%	0.34%
QCOM	D	1.24%	1.69%	1.24%
SBUX	B	0.74%	0.97%	0.74%
TMUS	A	1.6%	1.0%	1.0%
VRSK	D	0.26%	0.54%	0.26%

NUSI Overweight 80 Positions Relative to QDEF

Symbol	Grade	Weight
AMZN	C	4.84%
TSLA	C	3.16%
NFLX	A	2.0%
AMD	C	1.7%
PEP	F	1.55%
ADBE	F	1.5%
LIN	C	1.5%
TXN	C	1.23%
ISRG	C	1.15%
AMGN	D	1.15%
AMAT	C	1.11%
CMCSA	B	1.08%
BKNG	B	0.97%
HON	C	0.88%
VRTX	D	0.81%
REGN	D	0.76%
ADI	B	0.75%
MU	D	0.74%
MELI	D	0.73%
PANW	B	0.7%
LRCX	D	0.69%
MDLZ	D	0.67%
PDD	B	0.65%
INTC	D	0.64%
CTAS	C	0.57%
CEG	A	0.57%
PYPL	A	0.56%
SNPS	F	0.51%
MAR	A	0.49%
CDNS	D	0.48%
ORLY	A	0.47%
ASML	F	0.47%
CSX	D	0.46%
CRWD	D	0.43%
MRVL	C	0.41%
FTNT	A	0.4%
ROP	D	0.4%
NXPI	F	0.4%
ADSK	B	0.39%
ABNB	D	0.37%
MNST	D	0.36%
AEP	C	0.36%
KDP	C	0.35%
DASH	A	0.35%
ROST	D	0.34%
CPRT	B	0.34%
WDAY	D	0.34%
PCAR	D	0.34%
TTD	A	0.33%
CHTR	D	0.33%
AZN	D	0.31%
KHC	F	0.29%
ODFL	F	0.29%
IDXX	D	0.28%
GEHC	C	0.28%
MCHP	F	0.28%
CTSH	B	0.26%
BKR	B	0.25%
CCEP	C	0.24%
XEL	C	0.24%
DDOG	B	0.23%
FANG	D	0.22%
LULU	D	0.22%
CDW	D	0.2%
CSGP	F	0.2%
ON	F	0.2%
BIIB	F	0.19%
ANSS	D	0.19%
ZS	F	0.17%
TEAM	D	0.17%
DXCM	F	0.17%
TTWO	D	0.17%
MRNA	F	0.16%
ILMN	B	0.14%
GFS	F	0.14%
MDB	D	0.13%
WBD	F	0.13%
DLTR	F	0.1%
ARM	C	0.07%
SMCI	F	0.03%

NUSI Underweight 102 Positions Relative to QDEF

Symbol	Grade	Weight
JNJ	D	-3.17%
HD	A	-3.13%
ABBV	C	-3.06%
PG	D	-2.97%
MRK	F	-2.66%
IBM	A	-1.8%
PM	D	-1.58%
LMT	A	-1.19%
AMT	D	-0.99%
TJX	D	-0.97%
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%
MSI	A	-0.68%
PSA	C	-0.65%
AFL	A	-0.63%
JPM	C	-0.63%
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%
GEN	A	-0.54%
EQR	C	-0.54%
MAA	D	-0.54%
OHI	C	-0.54%
PNW	C	-0.53%
GIS	C	-0.53%
ESS	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%
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%
SWKS	F	-0.45%
EBAY	A	-0.43%
CHE	D	-0.42%
OMF	D	-0.42%
BMY	A	-0.41%
DPZ	D	-0.41%
DELL	C	-0.4%
EVRG	C	-0.4%
BSY	D	-0.39%
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%
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%