QDEF vs. FVD ETF Comparison

Comparison of FlexShares Quality Dividend Defensive Index Fund (QDEF) to First Trust VL Dividend (FVD)

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

$72.83

Average Daily Volume

6,797

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

FVD

First Trust VL Dividend

FVD 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 Value Line(R) Dividend Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation.

Grade (RS Rating)

Last Trade

$46.27

Average Daily Volume

492,100

Number of Holdings ^*

201

* may have additional holdings in another (foreign) market

Performance

Period	QDEF	FVD
30 Days	0.50%	1.30%
60 Days	2.57%	2.29%
90 Days	4.32%	4.18%
12 Months	30.06%	21.56%

49 Overlapping Holdings

Symbol	Grade	Weight in QDEF	Weight in FVD	Overlap
ABBV	F	2.6%	0.42%	0.42%
ADP	A	1.13%	0.48%	0.48%
AFL	B	0.6%	0.45%	0.45%
AIZ	A	0.58%	0.52%	0.52%
AVY	F	0.48%	0.43%	0.43%
BAH	F	0.12%	0.44%	0.12%
BK	A	0.67%	0.48%	0.48%
BMY	B	0.45%	0.52%	0.45%
CME	B	0.71%	0.46%	0.46%
CSCO	B	0.61%	0.48%	0.48%
DOX	D	0.48%	0.44%	0.44%
DUK	C	0.77%	0.43%	0.43%
ED	C	0.49%	0.42%	0.42%
EVRG	A	0.4%	0.48%	0.4%
EXC	C	0.39%	0.44%	0.39%
EXPD	C	0.42%	0.47%	0.42%
FAST	B	0.58%	0.49%	0.49%
GILD	C	1.03%	0.5%	0.5%
GIS	D	0.45%	0.44%	0.44%
HD	B	3.07%	0.46%	0.46%
IBM	C	1.7%	0.42%	0.42%
ITW	B	0.74%	0.49%	0.49%
JNJ	C	2.93%	0.43%	0.43%
JPM	A	0.73%	0.5%	0.5%
K	A	0.53%	0.46%	0.46%
KMB	C	0.51%	0.42%	0.42%
KO	D	0.65%	0.42%	0.42%
LMT	D	1.05%	0.41%	0.41%
LOW	C	0.47%	0.45%	0.45%
MMM	D	0.66%	0.46%	0.46%
MO	A	0.86%	0.52%	0.52%
MRK	D	2.25%	0.43%	0.43%
MSM	C	0.37%	0.48%	0.37%
OTIS	C	0.51%	0.44%	0.44%
PAYX	B	0.63%	0.48%	0.48%
PEG	A	0.26%	0.45%	0.26%
PG	C	2.83%	0.46%	0.46%
PM	B	1.65%	0.5%	0.5%
PNW	A	0.52%	0.48%	0.48%
PPL	A	0.55%	0.47%	0.47%
PSA	C	0.59%	0.46%	0.46%
SBUX	A	0.98%	0.48%	0.48%
T	A	0.77%	0.48%	0.48%
TJX	A	0.99%	0.48%	0.48%
VZ	C	0.65%	0.43%	0.43%
WDFC	B	0.55%	0.5%	0.5%
WEC	A	0.28%	0.45%	0.28%
WTW	B	0.58%	0.5%	0.5%
XOM	B	0.5%	0.47%	0.47%

QDEF Overweight 74 Positions Relative to FVD

Symbol	Grade	Weight
AAPL	C	6.07%
NVDA	B	6.0%
MSFT	D	4.97%
META	D	2.76%
QCOM	F	1.65%
GOOGL	C	1.36%
INTU	B	1.29%
TMUS	B	1.14%
GOOG	C	1.1%
AVGO	D	0.88%
CI	D	0.83%
AMT	C	0.82%
KLAC	F	0.79%
MSI	B	0.74%
MCK	A	0.71%
UNM	A	0.65%
EME	A	0.64%
BWXT	B	0.64%
UMBF	B	0.61%
FIS	C	0.6%
EA	A	0.6%
CFR	B	0.6%
GEN	B	0.59%
VIRT	A	0.57%
CSWI	B	0.57%
COR	B	0.57%
LDOS	C	0.57%
VRSK	A	0.57%
D	C	0.56%
ORI	A	0.54%
ESS	B	0.54%
RMD	C	0.54%
CSL	C	0.53%
OHI	C	0.53%
MET	A	0.53%
EQR	C	0.53%
MAA	B	0.53%
IRDM	D	0.52%
CPT	B	0.51%
OMF	A	0.5%
LSTR	D	0.49%
BPOP	C	0.48%
RDN	D	0.48%
NSA	C	0.47%
OGE	A	0.47%
IPG	D	0.46%
DELL	B	0.46%
VRT	B	0.45%
HRB	D	0.45%
WU	F	0.43%
SAIC	F	0.41%
WSM	C	0.41%
DPZ	C	0.41%
CUBE	C	0.4%
EBAY	D	0.4%
CHE	D	0.39%
SWKS	F	0.39%
V	A	0.38%
BSY	F	0.37%
STNG	F	0.36%
STWD	C	0.32%
NEP	F	0.32%
COST	A	0.24%
MA	B	0.23%
MAS	D	0.23%
NNN	C	0.21%
AVB	B	0.18%
CAH	B	0.17%
SCCO	F	0.16%
DDS	B	0.12%
WMT	A	0.12%
ROL	B	0.12%
ZTS	D	0.11%
BAC	A	0.02%

QDEF Underweight 152 Positions Relative to FVD

Symbol	Grade	Weight
GRMN	B	-0.59%
GATX	A	-0.54%
G	B	-0.54%
EMR	B	-0.54%
CBSH	B	-0.54%
GS	A	-0.53%
DTM	A	-0.53%
PINC	B	-0.53%
RHI	C	-0.53%
INGR	C	-0.52%
MS	A	-0.52%
IDA	A	-0.52%
SEIC	B	-0.52%
XEL	A	-0.51%
ETR	B	-0.51%
CMI	A	-0.51%
IOSP	C	-0.51%
IEX	C	-0.51%
SNA	A	-0.51%
JCI	B	-0.51%
SRE	A	-0.5%
NSC	B	-0.5%
WSO	A	-0.5%
HLI	A	-0.5%
LANC	C	-0.5%
CVX	A	-0.5%
CMCSA	B	-0.5%
UVV	B	-0.5%
PKG	A	-0.5%
WERN	C	-0.5%
BLK	B	-0.49%
WM	B	-0.49%
CPK	A	-0.49%
KR	B	-0.49%
NEU	D	-0.49%
SLGN	A	-0.49%
NDAQ	A	-0.49%
CTSH	B	-0.49%
TROW	B	-0.49%
TXN	C	-0.49%
CSX	C	-0.49%
THG	A	-0.49%
DGX	A	-0.49%
OTTR	C	-0.48%
DCI	B	-0.48%
CHRW	B	-0.48%
TM	F	-0.48%
GNTX	C	-0.48%
NI	A	-0.48%
SCL	C	-0.48%
CLX	A	-0.48%
BKH	A	-0.48%
SWX	B	-0.48%
BTI	B	-0.48%
LECO	C	-0.48%
UNH	B	-0.48%
BR	A	-0.48%
HON	C	-0.48%
BRC	D	-0.47%
AGR	A	-0.47%
ALE	A	-0.47%
NWN	A	-0.47%
OGS	A	-0.47%
UPS	C	-0.47%
STZ	D	-0.47%
SXT	C	-0.47%
NDSN	B	-0.47%
NJR	A	-0.47%
ATO	A	-0.47%
ALL	A	-0.47%
MSEX	C	-0.47%
AEE	A	-0.47%
TGT	F	-0.47%
YUM	D	-0.47%
EQIX	A	-0.47%
SIGI	C	-0.47%
UNP	C	-0.46%
CNI	F	-0.46%
INFY	C	-0.46%
ABT	B	-0.46%
DLB	B	-0.46%
AWR	B	-0.46%
TRV	B	-0.46%
NWE	B	-0.46%
CAT	B	-0.46%
CALM	A	-0.46%
SR	A	-0.46%
POOL	C	-0.46%
MMC	B	-0.46%
TD	D	-0.46%
JJSF	C	-0.46%
LHX	C	-0.46%
SNX	D	-0.45%
PPG	F	-0.45%
TAK	D	-0.45%
MKC	C	-0.45%
SON	F	-0.45%
ACN	B	-0.45%
CB	C	-0.45%
NFG	A	-0.45%
HSY	F	-0.45%
FLO	D	-0.45%
LNT	A	-0.45%
DE	B	-0.45%
EIX	B	-0.45%
HRL	D	-0.45%
CNA	C	-0.45%
JNPR	D	-0.45%
SO	C	-0.44%
AWK	C	-0.44%
AEP	C	-0.44%
ADI	D	-0.44%
TSCO	D	-0.44%
CPB	D	-0.44%
CWT	C	-0.44%
PEP	F	-0.44%
BDX	F	-0.44%
RTX	D	-0.44%
NOC	D	-0.44%
MDT	D	-0.44%
POR	C	-0.44%
CMS	C	-0.44%
WTRG	B	-0.44%
MCD	D	-0.44%
GD	D	-0.44%
APD	A	-0.44%
CL	D	-0.43%
MMS	F	-0.43%
UL	D	-0.43%
SJM	D	-0.43%
REYN	D	-0.43%
AOS	F	-0.43%
NKE	F	-0.43%
ES	C	-0.43%
CAG	F	-0.43%
RIO	D	-0.43%
MDLZ	F	-0.43%
DTE	C	-0.43%
TSM	B	-0.43%
AMGN	F	-0.43%
NVS	F	-0.42%
KHC	F	-0.42%
PFE	F	-0.42%
GSK	F	-0.42%
KDP	F	-0.42%
SJW	F	-0.42%
DEO	F	-0.41%
SNY	F	-0.41%
BAX	F	-0.4%
AZN	F	-0.39%
HMC	F	-0.39%
HII	F	-0.35%