QDEF vs. DFNV ETF Comparison

Comparison of FlexShares Quality Dividend Defensive Index Fund (QDEF) to TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV)

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

DFNV

TrimTabs Donoghue Forlines Risk Managed Innovation ETF

DFNV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index. To pursue its investment objective, the fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the index. The index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to U.S. publicly traded companies with strong free cash flow and strong research and development (R&D) investment

Grade (RS Rating)

Last Trade

$36.99

Average Daily Volume

20,580

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QDEF	DFNV
30 Days	1.58%	8.99%
60 Days	2.63%	10.78%
90 Days	4.66%	13.77%
12 Months	30.49%	41.35%

16 Overlapping Holdings

Symbol	Grade	Weight in QDEF	Weight in DFNV	Overlap
AAPL	C	6.07%	8.05%	6.07%
ABBV	D	2.6%	2.59%	2.59%
AVGO	D	0.88%	3.96%	0.88%
BMY	B	0.45%	2.0%	0.45%
EA	A	0.6%	1.13%	0.6%
GEN	B	0.59%	0.67%	0.59%
GILD	C	1.03%	1.86%	1.03%
IBM	C	1.7%	2.11%	1.7%
INTU	C	1.29%	2.15%	1.29%
JNJ	D	2.93%	2.48%	2.48%
MMM	D	0.66%	1.22%	0.66%
MSI	B	0.74%	1.53%	0.74%
QCOM	F	1.65%	2.09%	1.65%
RMD	C	0.54%	0.8%	0.54%
SWKS	F	0.39%	0.51%	0.39%
VRT	B	0.45%	1.37%	0.45%

QDEF Overweight 107 Positions Relative to DFNV

Symbol	Grade	Weight
NVDA	C	6.0%
MSFT	F	4.97%
HD	A	3.07%
PG	A	2.83%
META	D	2.76%
MRK	F	2.25%
PM	B	1.65%
GOOGL	C	1.36%
TMUS	B	1.14%
ADP	B	1.13%
GOOG	C	1.1%
LMT	D	1.05%
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%
JPM	A	0.73%
CME	A	0.71%
MCK	B	0.71%
BK	A	0.67%
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%
FIS	C	0.6%
AFL	B	0.6%
CFR	B	0.6%
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%
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%
GIS	D	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%
V	A	0.38%
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%
MA	C	0.23%
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%

QDEF Underweight 83 Positions Relative to DFNV

Symbol	Grade	Weight
APP	B	-3.13%
CRM	B	-2.84%
NOW	A	-2.71%
PLTR	B	-2.42%
ADBE	C	-2.24%
PANW	C	-1.94%
SPOT	B	-1.84%
UBER	D	-1.82%
CRWD	B	-1.74%
AMGN	D	-1.56%
ANET	C	-1.55%
DASH	A	-1.52%
FTNT	C	-1.51%
TEAM	A	-1.36%
PYPL	B	-1.35%
ADSK	A	-1.24%
DDOG	A	-1.22%
TTD	B	-1.22%
SNOW	C	-1.17%
WDAY	B	-1.12%
UI	A	-1.0%
RBLX	C	-0.99%
ZS	C	-0.95%
VEEV	C	-0.95%
NTAP	C	-0.85%
EXPE	B	-0.84%
DOCU	A	-0.79%
MCHP	D	-0.78%
NTNX	A	-0.76%
PTC	A	-0.75%
ZM	B	-0.75%
DUOL	A	-0.75%
MANH	D	-0.72%
PSTG	D	-0.69%
PINS	D	-0.69%
DT	C	-0.63%
FFIV	B	-0.59%
VRSN	F	-0.57%
PCTY	B	-0.55%
PEGA	A	-0.53%
NBIX	C	-0.53%
JKHY	D	-0.51%
SMAR	A	-0.51%
GNRC	B	-0.48%
SOLV	C	-0.48%
CVLT	B	-0.47%
DBX	B	-0.47%
LYFT	C	-0.46%
HAS	D	-0.44%
JAZZ	B	-0.42%
ALTR	B	-0.41%
ETSY	D	-0.4%
MTCH	D	-0.4%
PATH	C	-0.39%
QLYS	C	-0.39%
NYT	C	-0.39%
MAT	D	-0.36%
PI	D	-0.36%
CWAN	B	-0.35%
BOX	B	-0.35%
TENB	C	-0.35%
ENPH	F	-0.32%
CRUS	D	-0.32%
ZETA	D	-0.32%
QRVO	F	-0.3%
HALO	F	-0.3%
ALKS	B	-0.29%
BL	B	-0.26%
VERX	B	-0.24%
PLTK	B	-0.23%
IGT	F	-0.23%
ALRM	C	-0.22%
PRGS	A	-0.21%
RNG	B	-0.21%
TDC	D	-0.21%
FLNC	C	-0.2%
RPD	C	-0.19%
AMZN	C	-0.19%
ACAD	D	-0.19%
PTGX	C	-0.17%
YELP	C	-0.17%
YOU	D	-0.17%
CMPR	D	-0.14%