NZUS vs. QDEF ETF Comparison

Comparison of SPDR MSCI USA Climate Paris Aligned ETF (NZUS) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

NZUS

SPDR MSCI USA Climate Paris Aligned ETF

NZUS Description

SPDR Series Trust - SPDR MSCI USA Climate Paris Aligned ETF is an exchange traded fund launched by State Street Global Advisors, Inc. The fund is managed by SSGA Funds Management, Inc. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It seeks to track the performance of the MSCI USA Climate Paris Aligned Index, by using representative sampling technique. It does not invest in stocks of companies operating across cluster bombs, landmines, depleted uranium, chemical or biological weapons, blinding laser weapons, non-detectable fragments or incendiary weapons, tobacco, mining of thermal coal, oil and gas related activities, including distribution / retail, equipment and services, extraction and production, petrochemicals, pipelines and transportation and refining, thermal coal based, liquid fuel based and natural gas based power generation sectors. SPDR Series Trust - SPDR MSCI USA Climate Paris Aligned ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$32.33

Average Daily Volume

405

Number of Holdings ^*

247

* 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	NZUS	QDEF
30 Days	4.08%	3.01%
60 Days	11.16%	9.72%
90 Days	4.02%	8.06%
12 Months	36.46%	35.58%

48 Overlapping Holdings

Symbol	Grade	Weight in NZUS	Weight in QDEF	Overlap
AAPL	C	7.07%	6.09%	6.09%
ABBV	C	0.68%	3.06%	0.68%
ADP	A	0.09%	1.06%	0.09%
AFL	A	0.6%	0.63%	0.6%
AMT	D	0.3%	0.99%	0.3%
AVB	C	0.46%	0.18%	0.18%
AVGO	B	1.73%	0.88%	0.88%
BAC	B	0.01%	0.02%	0.01%
BAH	C	0.04%	0.13%	0.04%
BK	A	0.2%	0.62%	0.2%
BMY	A	0.35%	0.41%	0.35%
CME	A	0.31%	0.72%	0.31%
CSCO	A	0.79%	0.56%	0.56%
EBAY	A	0.2%	0.43%	0.2%
EQR	C	0.1%	0.54%	0.1%
ESS	D	0.44%	0.53%	0.44%
FAST	C	0.21%	0.51%	0.21%
GILD	A	0.03%	0.95%	0.03%
GOOG	B	2.25%	1.06%	1.06%
GOOGL	B	1.16%	1.31%	1.16%
HD	A	0.96%	3.13%	0.96%
IBM	A	1.35%	1.8%	1.35%
INTU	F	0.57%	1.13%	0.57%
ITW	C	0.36%	0.72%	0.36%
JNJ	D	1.0%	3.17%	1.0%
JPM	C	1.15%	0.63%	0.63%
KLAC	B	0.27%	0.93%	0.27%
LOW	C	0.05%	0.48%	0.05%
MA	A	1.23%	0.22%	0.22%
MET	A	0.13%	0.53%	0.13%
META	A	2.61%	2.79%	2.61%
MRK	F	0.79%	2.66%	0.79%
MSFT	D	6.85%	4.96%	4.96%
MSI	A	0.49%	0.68%	0.49%
NVDA	B	6.59%	4.84%	4.84%
PAYX	B	0.15%	0.62%	0.15%
PSA	C	0.24%	0.65%	0.24%
QCOM	D	0.47%	1.69%	0.47%
RMD	C	0.14%	0.56%	0.14%
ROL	C	0.12%	0.13%	0.12%
SBUX	B	0.28%	0.97%	0.28%
TJX	D	0.4%	0.97%	0.4%
TMUS	A	0.05%	1.0%	0.05%
V	B	1.64%	0.34%	0.34%
VRSK	D	0.16%	0.54%	0.16%
VZ	C	0.13%	0.72%	0.13%
WTW	C	0.14%	0.56%	0.14%
ZTS	C	0.6%	0.12%	0.12%

NZUS Overweight 199 Positions Relative to QDEF

Symbol	Grade	Weight
AMZN	C	3.39%
TSLA	C	2.29%
LLY	D	1.98%
DLR	C	1.57%
SHW	C	1.57%
EIX	C	1.33%
XYL	C	1.29%
UNH	B	1.22%
MCD	A	1.02%
EQIX	C	0.9%
PLD	D	0.83%
NOW	B	0.82%
SPGI	C	0.8%
FSLR	C	0.78%
ORCL	A	0.76%
CRM	B	0.74%
NFLX	A	0.72%
ADI	B	0.68%
TXN	C	0.67%
AMD	C	0.66%
ACN	B	0.64%
TMO	D	0.62%
DHR	D	0.61%
AWK	D	0.6%
MCO	D	0.59%
ADBE	F	0.59%
ACM	A	0.54%
ARE	D	0.5%
DOC	C	0.49%
AME	C	0.49%
BXP	B	0.47%
ROK	D	0.45%
PNR	C	0.44%
MTD	C	0.41%
CB	A	0.41%
FTV	C	0.39%
ENPH	F	0.39%
AXP	A	0.38%
DIS	D	0.38%
PGR	B	0.37%
ISRG	C	0.36%
MMC	D	0.34%
SCHW	D	0.34%
JNPR	C	0.33%
SYK	C	0.33%
MDT	C	0.32%
HSY	D	0.32%
RIVN	F	0.31%
AMGN	D	0.31%
PFE	D	0.29%
ACGL	A	0.29%
ICE	A	0.29%
ELV	F	0.28%
BSX	A	0.28%
REGN	D	0.28%
VRTX	D	0.27%
INTC	D	0.27%
MRVL	C	0.26%
ALLE	A	0.26%
VICI	C	0.26%
IEX	D	0.25%
ADSK	B	0.25%
CMCSA	B	0.23%
MELI	D	0.23%
WST	D	0.23%
WFC	B	0.22%
BX	C	0.21%
UNP	F	0.21%
BRO	A	0.21%
O	C	0.21%
SNPS	F	0.21%
UBER	C	0.21%
GRMN	D	0.21%
WELL	C	0.2%
CHD	D	0.2%
APO	A	0.19%
ABNB	D	0.19%
CTAS	C	0.19%
WAT	B	0.19%
AON	A	0.18%
EW	F	0.18%
HIG	A	0.18%
ODFL	F	0.18%
PYPL	A	0.18%
AFG	A	0.17%
ROP	D	0.17%
APH	D	0.17%
ROST	D	0.16%
CMG	C	0.16%
ECL	C	0.16%
CPRT	B	0.16%
VRSN	C	0.16%
YUM	C	0.16%
VLTO	A	0.16%
KKR	A	0.16%
SPG	A	0.15%
IDXX	D	0.15%
FFIV	B	0.15%
MNST	D	0.14%
ALL	A	0.14%
MPWR	B	0.14%
ERIE	A	0.13%
KEYS	B	0.13%
RPRX	D	0.13%
RVTY	C	0.13%
CINF	A	0.13%
CHTR	D	0.12%
USB	C	0.12%
CBOE	B	0.12%
ALNY	C	0.12%
NDAQ	C	0.12%
TRMB	B	0.12%
MKL	B	0.12%
NEM	C	0.12%
FTNT	A	0.11%
FDS	C	0.11%
A	B	0.11%
AXON	A	0.11%
EFX	D	0.11%
CSGP	F	0.1%
AJG	C	0.1%
TROW	D	0.1%
ETN	B	0.1%
BDX	C	0.1%
GGG	C	0.1%
FI	A	0.09%
HOLX	D	0.09%
NKE	D	0.09%
WRB	C	0.09%
KDP	C	0.09%
SEIC	B	0.09%
ANET	A	0.08%
VTR	C	0.08%
HUM	F	0.08%
NTRS	B	0.08%
LULU	D	0.08%
KIM	C	0.08%
BIIB	F	0.07%
MTB	A	0.07%
MKTX	B	0.07%
ZBH	F	0.07%
VEEV	C	0.07%
ULTA	D	0.07%
DXCM	F	0.07%
WDAY	D	0.07%
BMRN	F	0.06%
AOS	C	0.06%
ILMN	B	0.06%
ANSS	D	0.06%
EXR	D	0.06%
TRV	B	0.06%
DFS	A	0.06%
PODD	C	0.05%
TYL	D	0.05%
TTD	A	0.05%
VMC	D	0.05%
TFX	C	0.05%
EL	D	0.05%
PANW	B	0.05%
NBIX	F	0.04%
FOXA	B	0.04%
HLT	A	0.04%
INCY	B	0.04%
ALGN	D	0.04%
AMP	A	0.04%
CTLT	A	0.04%
IR	A	0.04%
BIO	B	0.04%
WM	B	0.04%
GWW	B	0.04%
PINS	D	0.03%
IQV	F	0.03%
FOX	B	0.03%
STZ	D	0.03%
DGX	D	0.03%
AVTR	D	0.03%
TECH	D	0.03%
SMCI	F	0.02%
SNAP	D	0.02%
DOCU	A	0.02%
ZM	B	0.02%
HUBS	D	0.02%
SNOW	F	0.02%
MTCH	B	0.02%
OKTA	F	0.02%
SQ	D	0.02%
EXAS	C	0.02%
TTWO	D	0.02%
TW	A	0.02%
PAYC	D	0.01%
BAX	D	0.01%
EPAM	F	0.01%
MRNA	F	0.01%
MDB	D	0.01%
WPC	C	0.01%
TRU	C	0.01%
MKC	C	0.01%
COIN	F	0.01%
CSX	D	0.01%

NZUS Underweight 75 Positions Relative to QDEF

Symbol	Grade	Weight
PG	D	-2.97%
PM	D	-1.58%
LMT	A	-1.19%
CI	D	-0.9%
DUK	C	-0.82%
MO	D	-0.8%
T	B	-0.77%
KO	C	-0.76%
MMM	C	-0.69%
MCK	F	-0.59%
D	A	-0.58%
BWXT	A	-0.57%
LDOS	A	-0.57%
FIS	A	-0.57%
IRDM	C	-0.56%
KMB	D	-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%
MAA	D	-0.54%
OHI	C	-0.54%
PNW	C	-0.53%
GIS	C	-0.53%
EA	D	-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%
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%
CHE	D	-0.42%
OMF	D	-0.42%
EXC	C	-0.42%
DPZ	D	-0.41%
DELL	C	-0.4%
EVRG	C	-0.4%
BSY	D	-0.39%
VRT	B	-0.37%
MSM	D	-0.37%
STWD	C	-0.33%
WEC	B	-0.29%
PEG	A	-0.27%
NNN	C	-0.25%
MAS	C	-0.25%
COST	C	-0.23%
SCCO	B	-0.19%
CAH	B	-0.16%
WMT	A	-0.12%
DDS	D	-0.11%