OUSA vs. QDEF ETF Comparison

Comparison of O'Shares FTSE U.S. Quality Dividend ETF (OUSA) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

OUSA

O'Shares FTSE U.S. Quality Dividend ETF

OUSA Description

The investment seeks to track the performance (before fees and expenses) of its target index, the FTSE US Qual / Vol / Yield Factor 5% Capped Index (the "target index"). The U.S. target index is designed to measure the performance of publicly-listed large-capitalization and mid-capitalization dividend-paying issuers in the United States that meet certain market capitalization, liquidity, high quality, low volatility and dividend yield thresholds, as determined by FTSE-Russell (the "index provider"). Under normal market conditions, the fund will invest at least 80% of its total assets in the components of the U.S. target index.

Grade (RS Rating)

Last Trade

$54.59

Average Daily Volume

33,026

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	OUSA	QDEF
30 Days	1.26%	1.58%
60 Days	1.99%	2.63%
90 Days	4.58%	4.66%
12 Months	25.26%	30.49%

42 Overlapping Holdings

Symbol	Grade	Weight in OUSA	Weight in QDEF	Overlap
AAPL	C	4.96%	6.07%	4.96%
ABBV	D	0.87%	2.6%	0.87%
ADP	B	0.76%	1.13%	0.76%
AVGO	D	0.41%	0.88%	0.41%
COST	B	0.82%	0.24%	0.24%
CSCO	B	3.07%	0.61%	0.61%
EA	A	0.56%	0.6%	0.56%
EBAY	D	0.33%	0.4%	0.33%
EXPD	D	0.16%	0.42%	0.16%
FAST	B	0.86%	0.58%	0.58%
GILD	C	0.19%	1.03%	0.19%
GIS	D	0.11%	0.45%	0.11%
GOOGL	C	3.96%	1.36%	1.36%
HD	A	5.35%	3.07%	3.07%
IBM	C	0.56%	1.7%	0.56%
INTU	C	0.16%	1.29%	0.16%
ITW	B	1.34%	0.74%	0.74%
JNJ	D	4.26%	2.93%	2.93%
JPM	A	0.47%	0.73%	0.47%
KMB	D	0.21%	0.51%	0.21%
KO	D	0.76%	0.65%	0.65%
LMT	D	1.07%	1.05%	1.05%
LOW	D	1.48%	0.47%	0.47%
MA	C	3.95%	0.23%	0.23%
MO	A	0.66%	0.86%	0.66%
MRK	F	3.95%	2.25%	2.25%
MSFT	F	4.78%	4.97%	4.78%
MSI	B	0.37%	0.74%	0.37%
OTIS	C	0.5%	0.51%	0.5%
PAYX	C	0.53%	0.63%	0.53%
PG	A	2.62%	2.83%	2.62%
PM	B	0.61%	1.65%	0.61%
QCOM	F	0.62%	1.65%	0.62%
SBUX	A	0.69%	0.98%	0.69%
T	A	0.77%	0.77%	0.77%
TJX	A	1.39%	0.99%	0.99%
TMUS	B	1.06%	1.14%	1.06%
V	A	5.33%	0.38%	0.38%
VRSK	A	0.15%	0.57%	0.15%
VZ	C	0.74%	0.65%	0.65%
WMT	A	0.47%	0.12%	0.12%
ZTS	D	0.47%	0.11%	0.11%

OUSA Overweight 57 Positions Relative to QDEF

Symbol	Grade	Weight
CMCSA	B	3.75%
MCD	D	3.36%
ACN	C	2.77%
TXN	C	2.36%
MMC	B	2.2%
UNH	C	1.86%
ABT	B	1.49%
CTAS	B	1.11%
LLY	F	0.91%
PEP	F	0.79%
UNP	C	0.75%
HON	B	0.72%
TROW	B	0.71%
CB	C	0.7%
ORCL	B	0.68%
UPS	C	0.67%
MCO	B	0.63%
CAT	B	0.61%
YUM	B	0.57%
BLK	C	0.55%
MSCI	C	0.53%
GRMN	B	0.52%
SPGI	C	0.43%
APH	A	0.42%
PCAR	B	0.41%
CTSH	B	0.4%
WM	A	0.39%
AON	A	0.39%
NKE	D	0.39%
CL	D	0.34%
ETN	A	0.32%
TSCO	D	0.31%
GD	F	0.31%
CBOE	B	0.31%
SYK	C	0.31%
AMGN	D	0.3%
GWW	B	0.29%
MDT	D	0.29%
CSX	B	0.29%
SNA	A	0.27%
TT	A	0.25%
MDLZ	F	0.23%
HSY	F	0.22%
DE	A	0.21%
ELV	F	0.19%
IEX	B	0.17%
CMI	A	0.16%
GGG	B	0.16%
A	D	0.16%
AME	A	0.15%
ADI	D	0.14%
TMO	F	0.13%
NOC	D	0.13%
TGT	F	0.11%
KR	B	0.08%
KVUE	A	0.08%
CHD	B	0.06%

OUSA Underweight 81 Positions Relative to QDEF

Symbol	Grade	Weight
NVDA	C	-6.0%
META	D	-2.76%
GOOG	C	-1.1%
CI	F	-0.83%
AMT	D	-0.82%
KLAC	D	-0.79%
DUK	C	-0.77%
CME	A	-0.71%
MCK	B	-0.71%
BK	A	-0.67%
MMM	D	-0.66%
UNM	A	-0.65%
EME	C	-0.64%
BWXT	B	-0.64%
UMBF	B	-0.61%
FIS	C	-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%
VIRT	B	-0.57%
CSWI	A	-0.57%
COR	B	-0.57%
LDOS	C	-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%
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%
NSA	D	-0.47%
OGE	B	-0.47%
IPG	D	-0.46%
DELL	C	-0.46%
BMY	B	-0.45%
VRT	B	-0.45%
HRB	D	-0.45%
WU	D	-0.43%
SAIC	F	-0.41%
WSM	B	-0.41%
DPZ	C	-0.41%
CUBE	D	-0.4%
EVRG	A	-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%
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%
ROL	B	-0.12%
BAC	A	-0.02%