QDEF vs. FTXO ETF Comparison

Comparison of FlexShares Quality Dividend Defensive Index Fund (QDEF) to First Trust Nasdaq Bank ETF (FTXO)

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

FTXO

First Trust Nasdaq Bank ETF

FTXO Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Nasdaq US Smart Banks Index. The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depository receipts that comprise the underlying index. The index is designed to provide exposure to U.S. companies comprising the banking sector that have been selected based upon their liquidity and weighted based upon their cumulative score on three investing factors: volatility, value and growth. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.83

Average Daily Volume

46,050

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QDEF	FTXO
30 Days	1.58%	13.90%
60 Days	2.63%	19.71%
90 Days	4.66%	19.45%
12 Months	30.49%	64.59%

5 Overlapping Holdings

Symbol	Grade	Weight in QDEF	Weight in FTXO	Overlap
BAC	A	0.02%	7.85%	0.02%
BPOP	B	0.48%	0.9%	0.48%
CFR	B	0.6%	0.83%	0.6%
JPM	A	0.73%	7.5%	0.73%
UMBF	B	0.61%	0.69%	0.61%

QDEF Overweight 118 Positions Relative to FTXO

Symbol	Grade	Weight
AAPL	C	6.07%
NVDA	C	6.0%
MSFT	F	4.97%
HD	A	3.07%
JNJ	D	2.93%
PG	A	2.83%
META	D	2.76%
ABBV	D	2.6%
MRK	F	2.25%
IBM	C	1.7%
QCOM	F	1.65%
PM	B	1.65%
GOOGL	C	1.36%
INTU	C	1.29%
TMUS	B	1.14%
ADP	B	1.13%
GOOG	C	1.1%
LMT	D	1.05%
GILD	C	1.03%
TJX	A	0.99%
SBUX	A	0.98%
AVGO	D	0.88%
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%
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%
CSCO	B	0.61%
FIS	C	0.6%
EA	A	0.6%
AFL	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%
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%
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%

QDEF Underweight 45 Positions Relative to FTXO

Symbol	Grade	Weight
WFC	A	-8.67%
C	A	-7.58%
USB	A	-7.42%
MTB	A	-4.32%
PNC	B	-3.91%
CFG	B	-3.77%
HBAN	A	-3.72%
FCNCA	A	-3.69%
FITB	A	-3.54%
RF	A	-3.32%
KEY	B	-2.55%
WBS	A	-1.98%
FHN	A	-1.93%
EWBC	A	-1.6%
PB	A	-1.48%
PNFP	B	-1.35%
WAL	B	-1.22%
COLB	A	-1.16%
ZION	B	-1.15%
SSB	B	-1.14%
WTFC	A	-1.13%
ONB	B	-1.1%
BOKF	B	-1.05%
SNV	B	-1.04%
OZK	B	-0.99%
UBSI	B	-0.97%
HWC	B	-0.79%
HOMB	A	-0.78%
ABCB	B	-0.73%
CBSH	A	-0.62%
CATY	B	-0.6%
SFBS	B	-0.52%
IBOC	A	-0.52%
FULT	A	-0.52%
BANF	B	-0.51%
BKU	A	-0.51%
AX	A	-0.51%
CBU	B	-0.5%
FFIN	B	-0.5%
FFBC	A	-0.49%
WSFS	A	-0.49%
PRK	B	-0.49%
TBBK	B	-0.46%
WAFD	B	-0.45%
FBP	B	-0.43%